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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2023
Dec. 31, 2022
CURRENT ASSETS:    
Cash $ 2,573 $ 3,445
Accounts receivable, net 884 1,036
Inventories 537 708
Other current assets 354 521
Total current assets 4,348 5,710
PROPERTY AND EQUIPMENT, NET 791 877
OTHER ASSETS:    
Finance lease right-of-use assets, net 214 257
Operating lease right-of-use assets, net 722 763
Intangibles, net 13,293 13,768
Other assets 104 129
Total assets 19,472 21,504
CURRENT LIABILITIES:    
Current maturities of long-term debt, less debt issuance costs 27 255
Current maturities of finance lease liabilities 155 162
Current maturities of operating lease liabilities 225 199
Accounts payable 2,402 2,042
Accrued expenses 1,895 1,584
Deferred revenue 17 119
Total current liabilities 4,721 4,361
LONG TERM LIABILITIES:    
Long-term debt, less current maturities and debt issuance costs 120 134
Finance lease liabilities, less current maturities 31 68
Operating lease liabilities, less current maturities 509 574
Total liabilities 5,381 5,137
COMMITMENTS AND CONTINGENCIES (Note 5)
STOCKHOLDERS' EQUITY:    
Preferred stock - $0.01 par value, 15,000,000 shares authorized at June 30, 2023 and December 31, 2022, 47 shares issued and outstanding at June 30, 2023 and December 31, 2022, liquidation preference of $46 at June 30, 2023
Common stock, $0.01 par value, 150,000,000 shares authorized at June 30, 2023 and December 31, 2022, 27,562,298 and 22,820,260 shares issued and outstanding at June 30, 2023 and December 31, 2022, respectively 275 228
Additional paid-in capital 111,371 108,371
Accumulated deficit (97,620) (92,297)
Total Precipio, Inc. stockholders' equity 14,026 16,302
Noncontrolling interest in joint venture 65 65
Total stockholders' equity 14,091 16,367
Total liabilities and stockholders' equity $ 19,472 $ 21,504