Annual report [Section 13 and 15(d), not S-K Item 405]

Consolidated Balance Sheets

v3.25.1
Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2024
Dec. 31, 2023
Current assets    
Cash and cash equivalents $ 678 $ 1,609
Marketable securities, available for sale 0 3,127
Accounts receivable, net 20,058 35,814
Inventory, net 1,143 2,291
Prepaid expenses and other current assets 2,615 1,955
Current assets held-for-sale 6,143 2,789
Total current assets 30,637 47,585
Property, plant and equipment, net 7,501 10,330
Prepaid expenses, net of current portion 217 832
Operating lease right-of-use asset, net 4,115 4,572
Intangible assets, net 9,750 12,333
Goodwill 5,231 5,231
Deferred tax asset 0 7,313
Other assets 310 1,163
Non-current assets held-for-sale 5,439 2,568
TOTAL ASSETS 63,200 91,927
Current liabilities    
Accounts payable 13,717 8,644
Accrued diagnostic services 31 314
Accrued advertising and other allowances 151 24
Finance lease liabilities 2,147 1,840
Operating lease liabilities 1,214 953
Short-term loan payable, net of discount of $237 3,207 0
Deferred revenue 1,698 2,382
Income tax payable 1,987 3,279
Other current liabilities 2,115 2,586
Current liabilities held-for-sale 5,867 835
Total current liabilities 32,134 20,857
Non-current liabilities:    
Due to sellers (see Note 3) 2,000 2,000
Deferred revenue, net of current portion 784 1,100
Finance lease liabilities, net of current portion 2,591 4,092
Operating lease liabilities, net of current portion 3,762 4,237
Non-current liabilities held-for-sale 2,924 2,924
Total non-current liabilities 23,713 21,687
Total liabilities 55,847 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, 29,874,029 and 18,045,029 shares outstanding, respectively 23 18
Additional paid-in capital 129,921 118,694
Accumulated deficit (58,393) (5,029)
Treasury stock, at cost, 12,940,967 and 18,940,967 shares, respectively (64,000) (64,000)
Accumulated other comprehensive loss (198) (300)
Total stockholders’ equity 7,353 49,383
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY 63,200 91,927
JXVII Note    
Non-current liabilities:    
Unsecured promissory notes, net of discount of $127 and $266 9,873 7,334
ERC Claim    
Non-current liabilities:    
Unsecured promissory notes, net of discount of $127 and $266 $ 1,779 $ 0