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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2023
Dec. 31, 2022
CURRENT ASSETS:    
Cash $ 1,502 $ 3,445
Accounts receivable (net of allowance for credit losses of $2,572 and $2,354, respectively) 1,301 1,036
Inventories 384 708
Other current assets 495 521
Total current assets 3,682 5,710
PROPERTY AND EQUIPMENT, NET 739 877
OTHER ASSETS:    
Finance lease right-of-use assets, net 174 257
Operating lease right-of-use assets, net 612 763
Intangibles, net 12,818 13,768
Other assets 76 129
Total assets 18,101 21,504
CURRENT LIABILITIES:    
Current maturities of long-term debt, less debt issuance costs 235 255
Current maturities of finance lease liabilities 132 162
Current maturities of operating lease liabilities 218 199
Accounts payable 622 2,042
Accrued expenses 1,824 1,584
Deferred revenue 110 119
Total current liabilities 3,141 4,361
LONG TERM LIABILITIES:    
Long-term debt, less current maturities and debt issuance costs 106 134
Finance lease liabilities, less current maturities 18 68
Operating lease liabilities, less current maturities 407 574
Total liabilities 3,672 5,137
COMMITMENTS AND CONTINGENCIES (Note 8)
STOCKHOLDERS' EQUITY:    
Preferred stock - $0.01 par value, 15,000,000 shares authorized at December 31, 2023 and December 31, 2022, 47 shares issued and outstanding at December 31, 2023 and December 31, 2022, liquidation preference of $38 at December 31, 2023
Common stock, $0.01 par value, 150,000,000 shares authorized at December 31, 2023 and December 31, 2022, 1,420,125 and 1,141,013 shares issued and outstanding at December 31, 2023 and December 31, 2022, respectively 14 11
Additional paid-in capital 112,565 108,588
Accumulated deficit (98,150) (92,297)
Total Precipio, Inc. stockholders' equity 14,429 16,302
Noncontrolling interest in joint venture   65
Total stockholders' equity 14,429 16,367
Total liabilities and stockholders' equity $ 18,101 $ 21,504