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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Jun. 30, 2021
Jun. 30, 2020
Revenue, net of contractual allowances and adjustments $ 2,244 $ 1,645 $ 4,355 $ 3,127
Adjustment for allowance for doubtful accounts 100 (337) (187) (603)
Net sales 2,344 1,308 4,168 2,524
Total cost of sales 1,593 1,137 2,949 2,228
Gross profit 751 171 1,219 296
OPERATING EXPENSES:        
Operating expenses 2,883 2,430 5,488 4,758
OPERATING LOSS (2,132) (2,259) (4,269) (4,462)
OTHER INCOME (EXPENSE):        
Interest (expense) income, net (1) 246 (8) (467)
Warrant revaluation (894) (372) (1,012) 564
Gain on settlement of liability 17   34  
Gain on forgiveness of Paycheck Protection Program loan     794  
Loss on extinguishment of convertible notes       (1,225)
Other income   153   153
Total other income (expense) (878) 27 (192) (975)
LOSS BEFORE INCOME TAXES (3,010) (2,232) (4,461) (5,437)
NET LOSS (3,010) (2,232) (4,461) (5,437)
Less: Net income attributable to noncontrolling interest in joint venture (3) (17) (4) (17)
Deemed dividends related to beneficial conversion feature of preferred stock and fair value of warrant down round features       (3,344)
NET LOSS ATTRIBUTABLE TO PRECIPIO, INC. COMMON STOCKHOLDERS $ (3,013) $ (2,249) $ (4,465) $ (8,798)
BASIC AND DILUTED LOSS PER COMMON SHARE $ (0.14) $ (0.20) $ (0.23) $ (0.89)
BASIC AND DILUTED WEIGHTED-AVERAGE SHARES OF COMMON STOCK OUTSTANDING 21,041,162 11,353,093 19,461,528 9,862,525
Service revenue, net [Member]        
Revenue, net of contractual allowances and adjustments $ 2,038 $ 1,616 $ 3,982 $ 3,074
Adjustment for allowance for doubtful accounts 100 (337) (187) (603)
Net sales 2,138 1,279 3,795 2,471
Total cost of sales 1,371 1,137 2,671 2,228
Other [Member]        
Revenue, net of contractual allowances and adjustments 206 29 373 53
Net sales 206 $ 29 373 $ 53
Total cost of sales $ 222   $ 278