Annual report pursuant to Section 13 and 15(d)

Consolidated Balance Sheets

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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2023
Dec. 31, 2022
Assets, Current [Abstract]    
Cash and cash equivalents $ 1,609 $ 9,109
Restricted cash 540 0
Marketable securities, available for sale 3,127 8,328
Accounts receivable, net 36,313 37,054
Inventory, net 3,841 3,976
Prepaid expenses and other current assets 2,155 2,366
Total current assets 47,585 60,833
Property, plant and equipment, net 12,898 7,288
Prepaid expenses, net of current portion 832 121
Operating lease right-of-use asset, net 4,572 4,059
Intangible assets, net 12,333 8,475
Goodwill 5,231 5,709
Deferred tax asset 7,313 0
Other assets 1,163 1,163
TOTAL ASSETS 91,927 87,648
Current liabilities    
Accounts payable 9,383 5,905
Accrued diagnostic services 314 1,009
Accrued advertising and other allowances 24 99
Finance lease liabilities 1,840 0
Operating lease liabilities 953 301
Deferred revenue 2,382 2,499
Income tax payable 3,278 4,190
Other current liabilities 2,683 2,072
Total current liabilities 20,857 16,075
Non-current liabilities:    
Long-term debt, net of discount of $341 2,924 0
Due to sellers (see Note 3) 2,000 0
Deferred revenue, net of current portion 1,100 1,059
Deferred tax liability, net 0 224
Finance lease liabilities, net of current portion 4,092 0
Operating lease liabilities, net of current portion 4,237 4,259
Total non-current liabilities 21,687 7,942
Total liabilities 42,544 24,017
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY 91,927 87,648
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 118,694 109,138
Retained earnings (accumulated deficit) (5,029) 11,753
Treasury stock, at cost, 18,940,967 and 18,126,790 shares, respectively (64,000) (58,033)
Accumulated other comprehensive loss (300) 757
Total stockholders’ equity 49,383 63,631
2023 Note    
Non-current liabilities:    
Unsecured convertible promissory notes, net 7,334 0
September 2020 Notes    
Non-current liabilities:    
Unsecured convertible promissory notes, net $ 0 $ 2,400