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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2023
Dec. 31, 2022
CURRENT ASSETS:    
Cash $ 1,562 $ 3,445
Accounts receivable, net 1,483 1,036
Inventories 636 708
Other current assets 628 521
Total current assets 4,309 5,710
PROPERTY AND EQUIPMENT, NET 738 877
OTHER ASSETS:    
Finance lease right-of-use assets, net 194 257
Operating lease right-of-use assets, net 668 763
Intangibles, net 13,056 13,768
Other assets 88 129
Total assets 19,053 21,504
CURRENT LIABILITIES:    
Current maturities of long-term debt, less debt issuance costs 334 255
Current maturities of finance lease liabilities 143 162
Current maturities of operating lease liabilities 222 199
Accounts payable 2,513 2,042
Accrued expenses 2,213 1,584
Deferred revenue 29 119
Total current liabilities 5,454 4,361
LONG TERM LIABILITIES:    
Long-term debt, less current maturities and debt issuance costs 113 134
Finance lease liabilities, less current maturities 25 68
Operating lease liabilities, less current maturities 459 574
Total liabilities 6,051 5,137
COMMITMENTS AND CONTINGENCIES (Note 5)
STOCKHOLDERS' EQUITY:    
Preferred stock - $0.01 par value, 15,000,000 shares authorized at September 30, 2023 and December 31, 2022, 47 shares issued and outstanding at September 30, 2023 and December 31, 2022, liquidation preference of $33 at September 30, 2023
Common stock, $0.01 par value, 150,000,000 shares authorized at September 30, 2023 and December 31, 2022, 1,380,555 and 1,141,013 shares issued and outstanding at September 30, 2023 and December 31, 2022, respectively [1] 14 11
Additional paid-in capital [1] 111,998 108,588
Accumulated deficit (99,075) (92,297)
Total Precipio, Inc. stockholders' equity 12,937 16,302
Noncontrolling interest in joint venture 65 65
Total stockholders' equity 13,002 16,367
Total liabilities and stockholders' equity $ 19,053 $ 21,504
[1] The common stock and additional paid-in capital for all periods presented reflect the one-for-twenty reverse stock split, which was effected on September 21, 2023.