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SALES SERVICE REVENUE, NET AND ACCOUNTS RECEIVABLE (Tables)
12 Months Ended
Dec. 31, 2023
SALES SERVICE REVENUE, NET AND ACCOUNTS RECEIVABLE [Abstract]  
Schedule of Net Revenues

For the Year Ended December 31, 

(dollars in thousands)

Diagnostic Testing

    

2023

    

2022

Medicaid

$

27

$

50

Medicare

 

5,000

 

3,831

Self-pay

 

156

 

326

Third party payers

 

7,208

 

4,211

Contract diagnostics and other

 

5

 

Service revenue, net

$

12,396

$

8,418

Schedule of Gross to Net Sales Adjustments

For the Year Ended December 31, 

(dollars in thousands)

Contractual Allowances and

Revenues, net of Contractual

Gross Revenues

adjustments

Allowances and adjustments

    

2023

    

2022

    

2023

    

2022

    

2023

    

2022

Medicaid

$

27

$

50

$

$

$

27

$

50

Medicare

 

5,002

 

3,831

 

(2)

 

 

5,000

 

3,831

Self-pay

 

156

 

326

 

 

 

156

 

326

Third party payers

 

21,300

 

14,681

 

(14,092)

 

(10,470)

 

7,208

 

4,211

Contract diagnostics

 

5

 

 

 

 

5

 

 

26,490

 

18,888

 

(14,094)

 

(10,470)

 

12,396

 

8,418

Other

 

3,019

 

1,402

 

 

 

3,019

 

1,402

$

29,509

$

20,290

$

(14,094)

$

(10,470)

$

15,415

$

9,820

Schedule of Reported Revenues Net of Collection Allowance

For the Year Ended December 31, 

Revenues, net of

 

(dollars in thousands)

Contractual Allowances

Allowances for credit

 

and adjustments

losses

Total

    

2023

    

2022

    

2023

    

2022

    

2023

    

2022

Medicaid

$

27

$

50

$

(11)

$

(25)

$

16

$

25

Medicare

 

5,000

 

3,831

 

(62)

 

(110)

 

4,938

 

3,721

Self-pay

 

156

 

326

 

(16)

 

(19)

 

140

 

307

Third party payers

 

7,208

 

4,211

 

(129)

 

(254)

 

7,079

 

3,957

Contract diagnostics

 

5

 

 

 

 

5

 

 

12,396

 

8,418

 

(218)

 

(408)

 

12,178

 

8,010

Other

 

3,019

 

1,402

 

 

 

3,019

 

1,402

$

15,415

$

9,820

$

(218)

$

(408)

$

15,197

$

9,412

Schedule of Receivables

The following summarizes the mix of receivables as of December 31, 2023 and 2022:

(dollars in thousands)

    

December 31, 2023

    

December 31, 2022

Medicaid

$

25

$

34

Medicare

 

1,561

 

1,124

Self-pay

 

229

 

291

Third party payers

 

1,641

 

1,888

Contract diagnostic services and other

 

417

 

53

$

3,873

$

3,390

Less allowance for credit losses

 

(2,572)

 

(2,354)

Accounts receivable, net

$

1,301

$

1,036

Schedule of Allowance for Doubtful Accounts

The following table presents the roll-forward of the allowance for credit losses for the year ended December 31, 2023:

    

    

Allowance for

Credit

(dollars in thousands)

Losses

Balance, January 1, 2023

 

  

$

(2,354)

Provision for credit losses:

 

  

 

  

Medicaid

$

(11)

 

  

Medicare

 

(62)

 

  

Self-pay

(16)

Third party payers

 

(129)

 

  

 

(218)

 

  

Credit loss expense

$

 

  

Total charges

 

  

 

(218)

Balance, December 31, 2023

 

  

$

(2,572)

Schedule of Customer Revenue and Accounts Receivable Concentrations

Net sales

Accounts receivable, as of

Years Ended

December 31,

December 31,

December 31,

2023

2022

2023

2022

Customer A

11

%

*

*

*

Customer B

*

*

13

%

*

Customer C

*

*

*

12

%

* represents less than 10%