XML 15 R4.htm IDEA: XBRL DOCUMENT v3.21.1
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Revenue, net of contractual allowances and adjustments $ 2,111 $ 1,482
less allowance for doubtful accounts (287) (266)
Net sales 1,824 1,216
Total cost of sales 1,356 1,091
Gross profit 468 125
OPERATING EXPENSES:    
Operating expenses 2,605 2,328
OPERATING LOSS (2,137) (2,203)
OTHER INCOME (EXPENSE):    
Interest expense, net (7) (713)
Warrant revaluation (118) 936
Gain on settlement of liability 17  
Gain on forgiveness of debt 794  
Loss on extinguishment of convertible notes   (1,225)
Total other income (expense) 686 (1,002)
LOSS BEFORE INCOME TAXES (1,451) (3,205)
NET LOSS (1,451) (3,205)
Less: Net income attributable to noncontrolling interest in joint venture (1)  
Deemed dividends related to beneficial conversion feature of preferred stock and fair value of warrant down round features   (3,344)
NET LOSS ATTRIBUTABLE TO PRECIPIO, INC. COMMON STOCKHOLDERS $ (1,452) $ (6,549)
BASIC AND DILUTED LOSS PER COMMON SHARE $ (0.08) $ (0.78)
BASIC AND DILUTED WEIGHTED-AVERAGE SHARES OF COMMON STOCK OUTSTANDING 17,864,342 8,371,956
Service revenue, net [Member]    
Revenue, net of contractual allowances and adjustments $ 1,944 $ 1,458
less allowance for doubtful accounts (287) (266)
Net sales 1,657 1,192
Total cost of sales 1,300 1,091
Other [Member]    
Revenue, net of contractual allowances and adjustments 167 $ 24
Total cost of sales $ 56