SALES SERVICE REVENUE, NET AND ACCOUNTS RECEIVABLE (Tables)
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12 Months Ended |
Dec. 31, 2023 |
SALES SERVICE REVENUE, NET AND ACCOUNTS RECEIVABLE [Abstract] |
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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 |
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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 |
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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 |
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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 |
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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) |
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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% | | | | | | | | | | |
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