v3.24.1.1.u2
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2024
Dec. 31, 2023
Current assets    
Cash and cash equivalents $ 1,175 $ 1,609
Restricted cash 561 540
Marketable debt securities, available for sale 58 3,127
Accounts receivable, net 35,116 36,313
Inventory, net 3,758 3,841
Prepaid expenses and other current assets 4,377 2,155
Total current assets 45,045 47,585
Property, plant and equipment, net 12,797 12,898
Prepaid expenses, net of current portion 732 832
Operating lease right-of-use asset, net 4,462 4,572
Intangible assets, net 11,687 12,333
Goodwill 5,231 5,231
Deferred tax asset 9,762 7,313
Other assets 316 1,163
TOTAL ASSETS 90,032 91,927
Current liabilities    
Accounts payable 11,759 9,383
Accrued diagnostic services 268 314
Accrued advertising and other allowances 8 24
Finance lease liabilities 1,840 1,840
Operating lease liabilities 959 953
Short-term loan payable, net of discount of $396 2,381 0
Deferred revenue 1,630 2,382
Income tax payable 3,005 3,278
Other current liabilities 2,057 2,683
Total current liabilities 23,907 20,857
Non-current liabilities:    
Secured long-term debt, net of discount of $334 and $340 2,926 2,924
Unsecured promissory notes, net of discount of $232 and $266 7,368 7,334
Due to sellers (see Note 3) 2,000 2,000
Deferred revenue, net of current portion 1,100 1,100
Operating lease liabilities, net of current portion 4,122 4,237
Finance lease liabilities, net of current portion 3,742 4,092
Total non-current liabilities 21,258 21,687
Total liabilities 45,165 42,544
COMMITMENTS AND CONTINGENCIES
Stockholders’ equity    
Preferred stock authorized 1,000,000, $0.0005 par value, no shares issued and outstanding 0 0
Common stock authorized 50,000,000, $0.0005 par value, 18,045,029 and 18,045,029 shares outstanding, respectively 18 18
Additional paid-in capital 120,283 118,694
Accumulated deficit (11,294) (5,029)
Treasury stock, at cost, 18,940,967 and 18,940,967 shares, respectively (64,000) (64,000)
Accumulated other comprehensive loss (140) (300)
Total stockholders’ equity 44,867 49,383
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 90,032 $ 91,927

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