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Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
Sep. 30, 2019
Dec. 31, 2018
Current assets:    
Cash and cash equivalents $ 2,800,000 $ 2,400,000
Accounts receivable, net of allowance for doubtful accounts of $278,000 ($419,000 at December 31, 2018) 4,470,000 1,509,000
Inventories, net of reserves of $399,000 ($258,000 at December 31, 2018) 3,405,000 4,493,000
Prepaid expenses and other current assets 451,000 224,000
Total current assets 11,126,000 8,626,000
Restricted cash – long term 1,000,000 1,000,000
Equipment and leasehold improvements, net 2,251,000 2,562,000
Right-of-use operating lease assets, net 887,000
Goodwill 781,000 781,000
Intangible assets, net 1,498,000 1,591,000
Other assets 48,000 51,000
Total assets 17,591,000 14,611,000
Current liabilities:    
Accounts payable 1,874,000 2,423,000
Accrued payroll and related expenses 404,000 703,000
Deferred revenue – short term 840,000 485,000
Interest payable – related party 1,398,000 1,513,000
Other current liabilities 1,175,000 1,241,000
Total current liabilities 5,691,000 6,365,000
Convertible promissory note – related party, less debt discount of $5,781,000 ($6,026,000 at December 31, 2018) 2,932,000 1,174,000
Convertible promissory note, plus debt premium of $80,000 ($0 at December 31, 2018) 665,000
Note payable 1,000,000
Operating lease obligations – long term 794,000
Deferred revenue – long term 1,855,000 303,000
Other noncurrent liabilities 23,000 38,000
Total liabilities 12,960,000 7,880,000
Commitments and contingencies
Stockholders’ equity:    
Preferred stock, $0.001 par value; 2,000,000 shares authorized; none issued and outstanding
Common stock, $0.001 par value; 350,000,000 shares authorized; 2,704,837 issued and outstanding (2,168,337 at December 31, 2018) 3,000 2,000
Additional paid in capital 236,830,000 235,888,000
Accumulated deficit (232,885,000) (227,435,000)
Accumulated other comprehensive loss (4,000) (13,000)
Total ThermoGenesis Holdings, Inc. stockholders’ equity 3,944,000 8,442,000
Noncontrolling interest 687,000 (1,711,000)
Total stockholders’ equity 4,631,000 6,731,000
Total liabilities and stockholders’ equity $ 17,591,000 $ 14,611,000