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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Revenue, net of contractual allowances and adjustments $ 2,295 $ 2,139 $ 7,268 $ 6,494
Adjustment for allowance for doubtful accounts (80) 107 (247) (80)
Net sales 2,215 2,246 7,021 6,414
Total cost of sales 1,779 1,718 5,109 4,667
Gross profit 436 528 1,912 1,747
OPERATING EXPENSES:        
Operating expenses 3,665 2,967 12,383 8,455
OPERATING LOSS (3,229) (2,439) (10,471) (6,708)
OTHER INCOME (EXPENSE):        
Interest income (expense), net (6) (6) (6) (14)
Warrant revaluation 59 578 578 (434)
Gain on settlement of liability 3 13 4 47
Gain on forgiveness of Paycheck Protection Program loan       794
Total other income (expense) 56 585 576 393
LOSS BEFORE INCOME TAXES (3,173) (1,854) (9,895) (6,315)
INCOME TAX EXPENSE 0 0 0 0
NET LOSS (3,173) (1,854) (9,895) (6,315)
Less: Net income attributable to noncontrolling interest in joint venture (6) (6) (18) (10)
NET LOSS ATTRIBUTABLE TO PRECIPIO, INC. COMMON STOCKHOLDERS $ (3,179) $ (1,860) $ (9,913) $ (6,325)
LOSS PER COMMON SHARE, BASIC $ (0.14) $ (0.08) $ (0.44) $ (0.31)
LOSS PER COMMON SHARE, DILUTED $ (0.14) $ (0.08) $ (0.44) $ (0.31)
WEIGHTED-AVERAGE SHARES OF COMMON STOCK OUTSTANDING, BASIC 22,766,890 22,708,034 22,728,275 20,555,588
WEIGHTED-AVERAGE SHARES OF COMMON STOCK OUTSTANDING, DILUTED 22,766,890 22,708,034 22,728,275 20,555,588
Service revenue, net [Member]        
Revenue, net of contractual allowances and adjustments $ 2,060 $ 1,998 $ 6,291 $ 5,980
Adjustment for allowance for doubtful accounts (80) 107 (247) (80)
Net sales 1,980 2,105 6,044 5,900
Total cost of sales 1,512 1,450 4,414 4,121
Other [Member]        
Revenue, net of contractual allowances and adjustments 235 141 977 514
Net sales 235 141 977 514
Total cost of sales $ 267 $ 268 $ 695 $ 546