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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 2,548 $ 15,557
Accounts receivable, net 14,665 21,851
Inventories 0 161
Due from related parties 0 14
Prepaid expenses and other current assets 2,996 2,991
Assets held for sale, current 0 2,748
Total current assets 20,209 43,322
Property, plant and equipment, net 9,527 14,069
Operating lease right-of-use assets 1,902 7,213
Intangible assets, net 22,717 31,362
Goodwill 80,310 159,675
Equity investments 96,768 21,200
Other assets 375 438
Assets held for sale, noncurrent 0 62,525
Total assets 231,808 339,804
Current liabilities:    
Accounts payable 11,723 17,983
Accrued expenses 10,590 38,763
Deferred revenue 48 2,738
Due to related party 948 229
Lease liabilities, current 3,522 5,475
Other liabilities, current 0 462
Liabilities held for sale, current 0 3,319
Total current liabilities 26,831 68,969
Related-party debt, noncurrent 0 281
Debt, noncurrent 146,524 145,962
Deferred tax liabilities 0 1,200
Lease liabilities, noncurrent 3,273 8,741
Other liabilities, noncurrent 76 727
Liabilities held for sale, noncurrent 0 7,787
Total liabilities 176,704 233,667
Commitments and Contingencies (Note 19)
Stockholders’ Equity    
Preferred stock, $0.0001 par value, 1,000 shares authorized; none issued or outstanding at December 31, 2023 and 2022, respectively. 0 0
Common stock, $0.0001 par value, 300,000 shares authorized, 18,841 and 15,224 shares issued, 18,671 and 15,054 shares outstanding as of December 31, 2023 and 2022, respectively. 2 2
Additional paid in capital 696,150 688,355
Treasury stock, at cost (17,000) (17,000)
Accumulated deficit (624,048) (566,209)
Total UpHealth, Inc. stockholders’ equity 55,104 105,148
Noncontrolling interests 0 989
Total stockholders’ equity 55,104 106,137
Total liabilities and stockholders’ equity $ 231,808 $ 339,804