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CONSOLIDATED BALANCE SHEETS - USD ($)
Dec. 31, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents $ 15,557,000 $ 58,192,000
Restricted cash 0 18,609,000
Accounts receivable, net 21,851,000 22,761,000
Inventories 161,000 2,928,000
Due from related parties 14,000 40,000
Prepaid expenses and other current assets 2,748,000 4,217,000
Assets held for sale, current 2,991,000 0
Total current assets 43,322,000 106,747,000
Property, plant and equipment, net 14,069,000 56,072,000
Operating lease right-of-use assets 7,213,000 0
Intangible assets, net 31,362,000 115,313,000
Goodwill 159,675,000 284,268,000
Equity investment 21,200,000 0
Other assets 438,000 6,907,000
Assets held for sale, noncurrent 62,525,000 0
Total assets 339,804,000 569,307,000
Current liabilities:    
Accounts payable 17,983,000 13,604,000
Accrued expenses 38,763,000 36,084,000
Deferred revenue 2,738,000 2,649,000
Due to related party 229,000 47,000
Income tax payable 388,000 739,000
Related-party debt, current 0 657,000
Debt, current 0 22,093,000
Forward share purchase liability 0 18,051,000
Lease liabilities, current 5,475,000 2,404,000
Other liabilities, current 74,000 376,000
Liabilities held for sale, current 3,319,000 0
Total current liabilities 68,969,000 96,704,000
Related-party debt, noncurrent 281,000 331,000
Debt, noncurrent 145,962,000 98,417,000
Deferred tax liabilities 1,200,000 28,281,000
Warrant liabilities, noncurrent 9,000 252,000
Derivative liability, noncurrent 56,000 7,977,000
Lease liabilities, noncurrent 8,741,000 2,644,000
Other liabilities, noncurrent 662,000 858,000
Liabilities held for sale, noncurrent 7,787,000 0
Total liabilities 233,667,000 235,464,000
Commitments and Contingencies (Note 19)
Stockholders' Equity Attributable to Parent [Abstract]    
Common stock, $0.0001 par value, 30,000 shares authorized, 15,054 and 14,428 issued and outstanding as of December 31, 2022 and 2021, respectively [1] 2,000 1,000
Additional paid in capital 688,355,000 665,474,000
Treasury stock, at cost (17,000,000) 0
Accumulated deficit (566,209,000) (343,209,000)
Accumulated other comprehensive loss 0 (3,802,000)
Total UpHealth, Inc., stockholders’ equity 105,148,000 318,464,000
Noncontrolling interests 989,000 15,379,000
Total stockholders’ equity [2] 106,137,000 333,843,000
Total liabilities and stockholders’ equity $ 339,804,000 $ 569,307,000
[1] Amounts as of December 31, 2021 differ from those published in our prior consolidated financial statements as they were retrospectively adjusted as a result of the Reverse Stock Split (as described below in Note 1, Organization and Business). Specifically, the number of common shares outstanding during periods before the Reverse Stock Split are divided by the exchange ratio of 10:1, such that each ten shares of common stock were combined and reconstituted into one share of common stock effective December 8, 2022.
[2] (2) Amounts as of September 30, 2022 and before that date differ from those published in our prior condensed consolidated financial statements as they were retrospectively adjusted as a result of the Reverse Stock Split (as described below in Note 1, Organization and Business). Specifically, the number of common shares outstanding during periods before the Reverse Stock Split are divided by the exchange ratio of 10:1, such that each ten shares of common stock were combined and reconstituted into one share of common stock effective December 8, 2022.