XML 39 R12.htm IDEA: XBRL DOCUMENT v3.23.1
Balance Sheet Components
12 Months Ended
Dec. 31, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Balance Sheet Components

Note 6. Balance Sheet Components

Prepaid Expenses and Other Current Assets

Prepaid expenses and other current assets consisted of the following (in thousands):

 

 

 

December 31,
2022

 

 

December 31,
2021

 

Prepaid expenses

 

$

3,634

 

 

$

6,123

 

Other current assets

 

 

565

 

 

 

1,109

 

Total

 

$

4,199

 

 

$

7,232

 

Property and Equipment, Net

Property and equipment, net consisted of the following (in thousands):

 

 

 

December 31,
2022

 

 

December 31,
2021

 

Computers and software

 

$

2,715

 

 

$

5,004

 

Building and leasehold improvements

 

 

750

 

 

 

437

 

Laboratory equipment

 

 

958

 

 

 

2,688

 

Furniture, fixtures, and office equipment

 

 

1,138

 

 

 

1,142

 

Construction in progress

 

 

92

 

 

 

16

 

Total property and equipment

 

 

5,653

 

 

 

9,287

 

Less accumulated depreciation and amortization

 

 

(3,999

)

 

 

(5,621

)

Property and equipment, net

 

$

1,654

 

 

$

3,666

 

Depreciation expense included in continuing operations was $0.9 million and $1.4 million for the years ended December 31, 2022 and 2021, respectively.

Other Assets

Other assets consisted of the following (in thousands):

 

 

December 31,
2022

 

 

December 31,
2021

 

Investment in Enumera

 

$

6,000

 

 

$

 

Other

 

 

201

 

 

 

326

 

Total

 

$

6,201

 

 

$

326

 

Goodwill

As part of the sale of Avero during the year ended December 31, 2021, the Company allocated goodwill using the relative fair value method to both the Avero business that was sold and the remaining Biora business. The $0.1 million allocated to Avero was included in the carrying value to determine the loss on sale.

A summary of the activity in goodwill is presented below (in thousands):

 

Balance at December 31, 2020 (1)

 

$

6,219

 

Reduction of goodwill related to disposition

 

 

(147

)

Balance at December 31, 2021 and December 31, 2022

 

$

6,072

 

 

(1) The beginning balance as of December 31, 2020 includes the amount of Goodwill classified in assets held for sale.

Accrued Expenses and Other Current Liabilities

Accrued expenses and other current liabilities consisted of the following (in thousands):

 

 

 

December 31,
2022

 

 

December 31,
2021

 

Accrual for reimbursement claims and settlements, current (1)

 

$

8,372

 

 

$

18,127

 

Commissions and bonuses

 

 

1,433

 

 

 

3,883

 

Vacation and payroll benefits

 

 

1,724

 

 

 

6,894

 

Accrued professional services

 

 

307

 

 

 

652

 

Accrued interest

 

 

890

 

 

 

802

 

Lease liabilities, current

 

 

893

 

 

 

 

Insurance financing

 

 

445

 

 

 

489

 

Contract liabilities

 

 

47

 

 

 

301

 

Other (2)

 

 

2,050

 

 

 

3,009

 

Total

 

$

16,161

 

 

$

34,157

 

 

(1) All of the Company's revenues related to Laboratory Operations have been discontinued; amounts related to the revenue reserve generated from the Laboratory Operations remain on the balance sheet.

(2) Included in this amount are contracts that the Company will be responsible for that cannot be terminated; as there is no future benefit to the Company, they were expensed in discontinued operations in 2021.

Other Long-term Liabilities

Other long-term liabilities consisted of the following (in thousands):

 

 

 

December 31,
2022

 

 

December 31,
2021

 

Accrual for reimbursement claims and settlements, net of current portion (1)

 

$

 

 

$

192

 

Lease liabilities, net of current portion

 

 

601

 

 

 

 

Other (2)

 

 

4,095

 

 

 

5,622

 

Total

 

$

4,696

 

 

$

5,814

 

 

(1) All of the Company's revenues related to Laboratory Operations have been discontinued; amounts related to the revenue reserve generated from the Laboratory Operations remain on the balance sheet.

(2) Included in this amount are contracts that the Company will be responsible for that cannot be terminated; as there is no future benefit to the Company, they were expensed in discontinued operations in 2021.