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Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
Mar. 31, 2021
Dec. 31, 2020
Current assets:    
Cash and cash equivalents $ 10,014,000 $ 7,161,000
Accounts receivable, net of allowance for doubtful accounts of $214,000 and at December 31, 2020 826,000 1,382,000
Inventories 5,334,000 5,877,000
Prepaid expenses and other current assets 730,000 878,000
Total current assets 16,904,000 15,298,000
Inventories, non-current 2,486,000 1,221,000
Equipment and leasehold improvements, net 1,337,000 1,424,000
Right-of-use operating lease assets, net 693,000 730,000
Goodwill 781,000 781,000
Other intangible assets, net 1,342,000 1,358,000
Other assets 48,000 48,000
Total assets 23,591,000 20,860,000
Current liabilities:    
Accounts payable 1,328,000 1,366,000
Accrued payroll and related expenses 473,000 349,000
Deferred revenue – short-term 696,000 608,000
Convertible promissory note – related party, net 6,762,000
Interest payable – related party 550,000 2,082,000
Note payable – short-term 447,000
Other current liabilities 682,000 1,291,000
Total current liabilities 10,491,000 6,143,000
Convertible promissory note – related party, net 5,935,000
Convertible promissory note, net 572,000 493,000
Note payable 199,000
Operating lease obligations – long-term 558,000 604,000
Deferred revenue – long-term 1,520,000 1,596,000
Other noncurrent liabilities 20,000 20,000
Total liabilities 13,161,000 14,990,000
Commitments and contingencies
Stockholders’ equity:    
Preferred stock, $0.001 par value; 2,000,000 shares authorized, none outstanding
Common stock, $0.001 par value; 350,000,000 shares authorized; 11,911,784 issued and outstanding (8,934,952 at December 31, 2020) 12,000 9,000
Additional paid in capital 266,145,000 259,058,000
Accumulated deficit (255,696,000) (253,283,000)
Accumulated other comprehensive loss 17,000 16,000
Total ThermoGenesis Holdings, Inc. stockholders’ equity 10,478,000 5,800,000
Noncontrolling interests (48,000) 70,000
Total equity 10,430,000 5,870,000
Total liabilities and equity $ 23,591,000 $ 20,860,000