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CONSOLIDATED BALANCE SHEETS - USD ($)
Dec. 31, 2022
Dec. 31, 2021
CURRENT ASSETS:    
Cash $ 3,445,000 $ 11,668,000
Accounts receivable, net 1,036,000 697,000
Inventories 708,000 564,000
Other current assets 521,000 549,000
Total current assets 5,710,000 13,478,000
PROPERTY AND EQUIPMENT, NET 877,000 836,000
OTHER ASSETS:    
Finance lease right-of-use assets, net 257,000 371,000
Operating lease right-of-use assets, net 763,000 858,000
Intangibles, net 13,768,000 14,717,000
Other assets 129,000 179,000
Total assets 21,504,000 30,439,000
CURRENT LIABILITIES:    
Current maturities of long-term debt, less debt issuance costs 255,000 26,000
Current maturities of finance lease liabilities 162,000 222,000
Current maturities of operating lease liabilities 199,000 166,000
Accounts payable 2,042,000 1,863,000
Accrued expenses 1,584,000 1,918,000
Deferred revenue 119,000 18,000
Total current liabilities 4,361,000 4,213,000
LONG TERM LIABILITIES:    
Long-term debt, less current maturities and debt issuance costs 134,000 160,000
Finance lease liabilities, less current maturities 68,000 159,000
Operating lease liabilities, less current maturities 574,000 697,000
Common stock warrant liabilities   606,000
Total liabilities 5,137,000 5,835,000
COMMITMENTS AND CONTINGENCIES (Note 5)
STOCKHOLDERS' EQUITY:    
Preferred stock - $0.01 par value, 15,000,000 shares authorized at December 31, 2022 and December 31, 2021, 47 shares issued and outstanding at December 31, 2022 and December 31, 2021, liquidation preference of $64 at December 31, 2022
Common stock, $0.01 par value, 150,000,000 shares authorized at December 31, 2022 and December 31, 2021, 22,820,260 and 22,708,442 shares issued and outstanding at December 31, 2022 and December 31, 2021, respectively 228,000 227,000
Additional paid-in capital 108,371,000 104,431,000
Accumulated deficit (92,297,000) (80,094,000)
Total Precipio, Inc. stockholders' equity 16,302,000 24,564,000
Noncontrolling interest in joint venture 65,000 40,000
Total stockholders' equity 16,367,000 24,604,000
Total liabilities and stockholders' equity $ 21,504,000 $ 30,439,000