Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

v3.24.2.u1
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2024
Dec. 31, 2023
Current assets    
Cash and cash equivalents $ 1,780 $ 1,609
Restricted cash 585 540
Marketable securities, available for sale 1 3,127
Accounts receivable, net 32,937 36,313
Inventory, net 3,867 3,841
Prepaid expenses and other current assets 4,973 2,155
Total current assets 44,143 47,585
Property, plant and equipment, net 15,420 12,898
Prepaid expenses, net of current portion 584 832
Operating lease right-of-use asset, net 4,350 4,572
Intangible assets, net 11,041 12,333
Goodwill 5,231 5,231
Deferred tax asset 12,049 7,313
Other assets 860 1,163
TOTAL ASSETS 93,678 91,927
Current liabilities    
Accounts payable 13,628 9,383
Accrued diagnostic services 227 314
Accrued advertising and other allowances 11 24
Finance lease liabilities 3,897 1,840
Operating lease liabilities 965 953
Short-term loan payable, net of discount of $758 3,259 0
Deferred revenue 1,821 2,382
Income tax payable 2,660 3,278
Other current liabilities 1,544 2,683
Total current liabilities 28,012 20,857
Non-current liabilities:    
Secured long-term debt, net of discount of $329 and $341 2,926 2,924
Unsecured promissory notes, net of discount of $198 and $266 7,402 7,334
Due to sellers (see Note 3) 2,000 2,000
Deferred revenue, net of current portion 893 1,100
Operating lease liabilities, net of current portion 4,005 4,237
Finance lease liabilities, net of current portion 4,364 4,092
Total non-current liabilities 21,590 21,687
Total liabilities 49,602 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, 19,078,529 and 18,045,029 shares outstanding, respectively 18 18
Additional paid-in capital 125,703 118,694
Accumulated deficit (17,447) (5,029)
Treasury stock, at cost, 18,940,967 and 18,940,967 shares, respectively (64,000) (64,000)
Accumulated other comprehensive loss (198) (300)
Total stockholders’ equity 44,076 49,383
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 93,678 $ 91,927