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Basis of Presentation and Summary of Significant Accounting Policies (Tables) | 3 Months Ended
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Mar. 31, 2023
Accounting Policies [Abstract] |
Schedule of Fair Value Measurement of Financial Assets and Liabilities | The following table presents the Company’s assets and liabilities, measured and recognized at fair value on a recurring basis, classified under the appropriate level of the fair value hierarchy as of March 31, 2023 (in thousands): Schedule of Fair Value Measurement of Financial Assets and Liabilities
|  | As of March 31, 2023 |
|  | Total carrying and estimated fair value |  |  | Quated prices in active markets (Level 1) |  |  | Significant other observable inputs (Level 2) |  |  | Significant other observable inputs (Level 3) |
Assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Marketable equity securities |  | $ | 553 |  |  | $ | 553 |  |  | $ | - |  |  | $ | - |
Total |  | $ | 553 |  |  | $ | 553 |  |  | $ | - |  |  | $ | - |
Liabilities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Contingent consideration liabilities |  | $ | 27,355 |  |  | $ | - |  |  | $ | - |  |  | $ | 27,355 |
Total |  | $ | 27,355 |  |  | $ | - |  |  | $ | - |  |  | $ | 27,355 |
The following table presents the Company’s assets and liabilities, measured and recognized at fair value on a recurring basis, classified under the appropriate level of the fair value hierarchy as of December 31, 2022 (in thousands):
|  | As of December 31, 2022 |
|  | Total carrying and estimated fair value |  |  | Quated prices in active markets (Level 1) |  |  | Significant other observable inputs (Level 2) |  |  | Significant other observable inputs (Level 3) |
Assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Marketable equity securities |  | $ | 433 |  |  | $ | 433 |  |  | $ | - |  |  | $ | - |
Total |  | $ | 433 |  |  | $ | 433 |  |  | $ | - |  |  | $ | - |
Liabilities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Contingent consideration liabilities |  | $ | 45,662 |  |  | $ | - |  |  | $ | - |  |  | $ | 45,662 |
Total |  | $ | 45,662 |  |  | $ | - |  |  | $ | - |  |  | $ | 45,662 |
Schedule of Cash and Cash Equivalents and Restricted Cash | Schedule of Cash and Cash Equivalents and Restricted Cash
|  | March 31, |  |  | December 31, |
|  | 2023 |  |  | 2022 |
Cash and cash equivalents |  | $ | 11,803 |  |  | $ | 19,993 |
Restricted cash |  |  | 1,700 |  |  |  | 1,700 |
Cash from discontinuing operations |  |  | - |  |  |  | 1,510 |
Cash, cash equivalents and restricted cash shown in the statements of cash flows |  | $ | 13,503 |  |  | $ | 23,203 |
Schedule of Common Stock Computation of Diluted Net Loss Per Share of Common Stock | The following table presents the calculation of basic and diluted loss per share of common stock (in thousands): Schedule of Common Stock Computation of Diluted Net Loss Per Share of Common Stock
|  | 2023 |  |  | 2022 |
|  | Three Months Ended |
|  | March 31, |
|  | 2023 |  |  | 2022 |
Numerator: |  |  |  |  |  |  |  |
Net income (loss) from continuing operations attributable to Oncocyte Corporation |  | $ | 5,959 |  |  | $ | (3,413 | )
Accretion of Series A redeemable convertible preferred stock |  |  | (230 | ) |  |  | - |
Undistributed earnings from continuing operations allocated to participating securities |  |  | (830 | ) |  |  | - |
Net income (loss) from continuing operations attributable to common stockholders - basic |  |  | 4,899 |  |  |  | (3,413 | )
Add: undistributed earnings from continuing operations allocated to participating securities |  |  | 830 |  |  |  | - |
Reallocation of undistributed earnings from continuing operations to participating securities |  |  | (829 | ) |  |  | - |
Net income (loss) from continuing operations attributable to common stockholders - diluted |  |  | 4,900 |  |  |  | (3,413 | )
Net loss from discontinued operations attributable to Oncocyte Corporation |  |  | (2,926 | ) |  |  | (6,878 | )
Undistributed losses from discontinued operations allocated to participating securities |  |  | 424 |  |  |  | - |
Net loss from discontinued operations attributable to common stockholders - basic |  |  | (2,502 | ) |  |  | (6,878 | )
Add: undistributed losses from discontinued operations allocated to participating securities |  |  | (424 | ) |  |  | - |
Reallocation of undistributed losses from discontinued operations to participating securities |  |  | 424 |  |  |  | - |
Net loss from discontinued operations attributable to common stockholders - diluted |  |  | (2,502 | ) |  |  | (6,878 | )
Net income (loss) attributable to common stockholders - basic |  |  | 2,397 |  |  |  | (10,291 | )
Add: undistributed earnings allocated to participating securities |  |  | 406 |  |  |  | - |
Reallocation of undistributed earnings to participating securities |  |  | (405 | ) |  |  | - |
Net income (loss) attributable to common stockholders - diluted |  | $ | 2,398 |  |  | $ | (10,291 | )
Denominator: |  |  |  |  |  |  |  |
Weighted average common shares outstanding - basic |  |  | 119,150 |  |  |  | 92,243 |
Dilutive potential common shares: |  |  |  |  |  |  |  |
Restricted stock units |  |  | 103 |  |  |  | - |
Weighted average common shares outstanding - diluted |  |  | 119,253 |  |  |  | 92,243 |
Net income (loss) from continuing operations attributable to common stockholders per share - basic |  | $ | 0.04 |  |  | $ | (0.04 | )
Net loss from discontinued operations attributable to common stockholders per share - basic |  | $ | (0.02 | ) |  | $ | (0.07 | )
Net income (loss) attributable to common stockholders per share - basic |  | $ | 0.02 |  |  | $ | (0.11 | )
Net income (loss) from continuing operations attributable to common stockholders per share - diluted |  | $ | 0.04 |  |  | $ | (0.04 | )
Net loss from discontinuing operations attributable to common stockholders per share - diluted |  | $ | (0.02 | ) |  | $ | (0.07 | )
Net income (loss) attributable to common stockholders per share - diluted |  | $ | 0.02 |  |  | $ | (0.11 | )
Anti-dilutive potential common shares excluded from the computation of diluted net loss per common share: |  |  |  |  |  |  |  |
Stock options |  |  | 12,352 |  |  |  | 7,125 |
RSUs |  |  | 216 |  |  |  | 85 |
Warrants |  |  | 250 |  |  |  | 1,789 |
Total |  |  | 12,818 |  |  |  | 8,984 |

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