Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

v3.23.1
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2023
Dec. 31, 2022
Current assets    
Cash and cash equivalents $ 9,613 $ 9,109
Marketable debt securities, available for sale 5,946 8,328
Accounts receivable, net 37,836 37,054
Inventory, net 4,311 3,976
Prepaid expenses and other current assets 3,573 2,366
Total current assets 61,279 60,833
Property, plant and equipment, net 8,891 7,288
Prepaid expenses, net of current portion 121 121
Operating lease right-of-use asset, net 3,974 4,059
Intangible assets, net 14,524 8,475
Goodwill 5,231 5,709
Deferred tax asset 191 0
Other assets 1,163 1,163
TOTAL ASSETS 95,374 87,648
Current liabilities    
Accounts payable 4,866 5,905
Accrued diagnostic services 353 1,009
Accrued advertising and other allowances 151 99
Operating lease liabilities 298 301
Deferred revenue 2,841 2,499
Income tax payable 3,849 4,190
Other current liabilities 6,109 2,072
Total current liabilities 18,467 16,075
Non-current liabilities:    
Deferred revenue, net of current portion 1,160 1,059
Deferred tax liability, net 0 224
Unsecured promissory notes, net of discount of $376 and $0 7,224 0
Unsecured convertible promissory notes, net 2,400 2,400
Operating lease liabilities, net of current portion 4,182 4,259
Due to sellers (see Note 3) 2,000 0
Total non-current liabilities 16,966 7,942
Total liabilities 35,433 24,017
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, 16,851,041 and 16,210,776 shares outstanding, respectively 17 16
Additional paid-in capital 111,482 109,138
Retained earnings 12,303 11,753
Treasury stock, at cost, 18,934,955 and 18,126,970 shares, respectively (63,953) (58,033)
Accumulated other comprehensive loss 92 757
Total stockholders’ equity 59,941 63,631
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 95,374 $ 87,648