XML 15 R4.htm IDEA: XBRL DOCUMENT v3.21.2
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
 3 Months Ended 9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Sep. 30, 2021
Sep. 30, 2020
Revenue, net of contractual allowances and adjustments $ 2,139 $ 2,049 $ 6,494 $ 5,176
Adjustment for allowance for doubtful accounts 107 (422) (80) (1,025)
Net sales 2,246 1,627 6,414 4,151
Total cost of sales 1,718 1,250 4,667 3,478
Gross profit 528 377 1,747 673
OPERATING EXPENSES:        
Operating expenses 2,967 2,809 8,455 7,567
OPERATING LOSS (2,439) (2,432) (6,708) (6,894)
OTHER INCOME (EXPENSE):        
Interest (expense) income, net (6) (3) (14) (470)
Warrant revaluation 578 (857) (434) (293)
Gain on settlement of liability 13   47  
Gain on forgiveness of Paycheck Protection Program loan     794  
Loss on extinguishment of convertible notes       (1,225)
Other income       153
Total other income (expense) 585 (860) 393 (1,835)
LOSS BEFORE INCOME TAXES (1,854) (3,292) (6,315) (8,729)
NET LOSS (1,854) (3,292) (6,315) (8,729)
Less: Net income attributable to noncontrolling interest in joint venture (6) (10) (10) (27)
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 $ (1,860) $ (3,302) $ (6,325) $ (12,100)
BASIC AND DILUTED LOSS PER COMMON SHARE $ (0.08) $ (0.21) $ (0.31) $ (1.01)
BASIC AND DILUTED WEIGHTED-AVERAGE SHARES OF COMMON STOCK OUTSTANDING 22,708,034 16,007,025 20,555,588 11,925,642
Service revenue, net [Member]        
Revenue, net of contractual allowances and adjustments $ 1,998 $ 1,998 $ 5,980 $ 5,072
Adjustment for allowance for doubtful accounts 107 (422) (80) (1,025)
Net sales 2,105 1,576 5,900 4,047
Total cost of sales 1,450 1,244 4,121 3,472
Other [Member]        
Revenue, net of contractual allowances and adjustments 141 51 514 104
Net sales 141 51 514 104
Total cost of sales $ 268 $ 6 $ 546 $ 6