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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2023
Dec. 31, 2022
CURRENT ASSETS:    
Cash $ 2,141 $ 3,445
Accounts receivable, net 858 1,036
Inventories 546 708
Other current assets 450 521
Total current assets 3,995 5,710
PROPERTY AND EQUIPMENT, NET 834 877
OTHER ASSETS:    
Finance lease right-of-use assets, net 234 257
Operating lease right-of-use assets, net 714 763
Intangibles, net 13,530 13,768
Other assets 116 129
Total assets 19,423 21,504
CURRENT LIABILITIES:    
Current maturities of long-term debt, less debt issuance costs 142 255
Current maturities of finance lease liabilities 155 162
Current maturities of operating lease liabilities 205 199
Accounts payable 2,190 2,042
Accrued expenses 1,685 1,584
Deferred revenue 124 119
Total current liabilities 4,501 4,361
LONG TERM LIABILITIES:    
Long-term debt, less current maturities and debt issuance costs 127 134
Finance lease liabilities, less current maturities 50 68
Operating lease liabilities, less current maturities 520 574
Total liabilities 5,198 5,137
COMMITMENTS AND CONTINGENCIES (Note 5)
STOCKHOLDERS' EQUITY:    
Preferred stock - $0.01 par value, 15,000,000 shares authorized at March 31, 2023 and December 31, 2022, 47 shares issued and outstanding at March 31, 2023 and December 31, 2022, liquidation preference of $78 at March 31, 2023
Common stock, $0.01 par value, 150,000,000 shares authorized at March 31, 2023 and December 31, 2022, 23,364,086 and 22,820,260 shares issued and outstanding at March 31, 2023 and December 31, 2022, respectively 233 228
Additional paid-in capital 109,254 108,371
Accumulated deficit (95,327) (92,297)
Total Precipio, Inc. stockholders' equity 14,160 16,302
Noncontrolling interest in joint venture 65 65
Total stockholders' equity 14,225 16,367
Total liabilities and stockholders' equity $ 19,423 $ 21,504