Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

v3.23.3
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2023
Dec. 31, 2022
Current assets    
Cash and cash equivalents $ 702 $ 9,109
Marketable securities, available for sale 2,565 8,328
Accounts receivable, net 38,642 37,054
Inventory, net 5,054 3,976
Prepaid expenses and other current assets 2,831 2,366
Total current assets 49,794 60,833
Property, plant and equipment, net 13,163 7,288
Prepaid expenses, net of current portion 832 121
Operating lease right-of-use asset, net 4,680 4,059
Intangible assets, net 13,015 8,475
Goodwill 5,231 5,709
Deferred tax asset 3,832 0
Other assets 1,163 1,163
TOTAL ASSETS 91,710 87,648
Current liabilities    
Accounts payable 5,467 5,905
Accrued diagnostic services 241 1,009
Accrued advertising and other allowances 113 99
Finance lease liabilities 1,840 0
Operating lease liabilities 947 301
Deferred revenue 2,447 2,499
Income tax payable 3,309 4,190
Other current liabilities 2,042 2,072
Total current liabilities 16,406 16,075
Non-current liabilities:    
Deferred revenue, net of current portion 796 1,059
Deferred tax liability, net 0 224
Due to sellers (see Note 3) 2,000 0
Finance lease liabilities, net of current portion 4,436 0
Operating lease liabilities, net of current portion 4,345 4,259
Total non-current liabilities 18,876 7,942
Total liabilities 35,282 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, 18,045,029 and 16,210,776 shares outstanding, respectively 18 16
Additional paid-in capital 118,132 109,138
Retained earnings 3,722 11,753
Treasury stock, at cost, 18,940,967 and 18,126,970 shares, respectively (64,000) (58,033)
Accumulated other comprehensive income (1,444) 757
Total stockholders’ equity 56,428 63,631
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY 91,710 87,648
September 2020 Notes    
Non-current liabilities:    
Unsecured convertible promissory notes, net 0 2,400
2023 Note    
Non-current liabilities:    
Unsecured convertible promissory notes, net $ 7,299 $ 0