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CONSOLIDATED BALANCE SHEETS - USD ($)
Dec. 31, 2021
Dec. 31, 2020
CURRENT ASSETS:    
Cash $ 11,668,000 $ 2,656,000
Accounts receivable, net 697,000 874,000
Inventories 564,000 350,000
Other current assets 549,000 324,000
Total current assets 13,478,000 4,204,000
PROPERTY AND EQUIPMENT, NET 836,000 277,000
OTHER ASSETS:    
Finance lease right-of-use assets, net 371,000 204,000
Operating lease right-of-use assets, net 858,000 306,000
Intangibles, net 14,717,000 15,667,000
Other assets 179,000 55,000
Total assets 30,439,000 20,713,000
CURRENT LIABILITIES:    
Current maturities of long-term debt, less debt issuance costs 26,000 648,000
Current maturities of finance lease liabilities 222,000 48,000
Current maturities of operating lease liabilities 166,000 225,000
Accounts payable 1,863,000 1,693,000
Accrued expenses 1,918,000 2,036,000
Deferred revenue 18,000 6,000
Total current liabilities 4,213,000 4,656,000
LONG TERM LIABILITIES:    
Long-term debt, less current maturities and debt issuance costs 160,000 362,000
Finance lease liabilities, less current maturities 159,000 116,000
Operating lease liabilities, less current maturities 697,000 92,000
Common stock warrant liabilities 606,000 1,325,000
Total liabilities 5,835,000 6,551,000
COMMITMENTS AND CONTINGENCIES (Note 9)
STOCKHOLDERS' EQUITY:    
Preferred stock - $0.01 par value, 15,000,000 shares authorized at December 31, 2021 and December 31, 2020, 47 shares issued and outstanding at December 31, 2021 and December 31, 2020, liquidation preference of $186 at December 31, 2021
Common stock, $0.01 par value, 150,000,000 shares authorized at December 31, 2021 and December 31, 2020, 22,708,442 and 17,576,916 shares issued and outstanding at December 31, 2021 and December 31, 2020, respectively 227,000 176,000
Additional paid-in capital 104,431,000 85,523,000
Accumulated deficit (80,094,000) (71,564,000)
Total Precipio, Inc. stockholders' equity 24,564,000 14,135,000
Noncontrolling interest in joint venture 40,000 27,000
Total stockholders' equity 24,604,000 14,162,000
Total liabilities and stockholders' equity $ 30,439,000 $ 20,713,000