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Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
Mar. 31, 2020
Dec. 31, 2019
Current assets:    
Cash and cash equivalents $ 5,719,000 $ 3,157,000
Restricted cash 1,000,000 1,000,000
Accounts receivable, net of allowance for doubtful accounts of $227,000 ($226,000 at December 31, 2019) 2,029,000 1,278,000
Inventories, net of reserves of $356,000 ($350,000 at December 31, 2019) 4,218,000 3,824,000
Prepaid expenses and other current assets 429,000 602,000
Total current assets 13,395,000 9,861,000
Equipment and leasehold improvements, net 1,904,000 2,028,000
Right-of-use operating lease assets, net 829,000 859,000
Goodwill 781,000 781,000
Intangible assets, net 1,434,000 1,467,000
Other assets 61,000 218,000
Total assets 18,404,000 15,214,000
Current liabilities:    
Accounts payable 2,457,000 1,447,000
Accrued payroll and related expenses 406,000 288,000
Deferred revenue – short term 617,000 620,000
Interest payable – related party 443,000 1,869,000
Other current liabilities 2,558,000 2,461,000
Total current liabilities 6,481,000 6,685,000
Convertible promissory note – related party, less debt discount of $4,031,000 ($5,195,000 at December 31, 2019) 3,550,000 3,518,000
Convertible promissory note, plus debt premium of $22,000 ($46,000 at December 31, 2019) 209,000 413,000
Note payable 1,000,000 1,000,000
Operating lease obligations – long-term 726,000 761,000
Deferred revenue – long-term 1,814,000 1,901,000
Other noncurrent liabilities 19,000 20,000
Total liabilities 13,799,000 14,298,000
Commitments and contingencies
Stockholders’ equity:    
Preferred stock, $0.001 par value; 2,000,000 shares authorized, none outstanding
Common stock, $0.001 par value; 350,000,000 shares authorized; 5,768,885 issued and outstanding (2,843,601 at December 31, 2019) 6,000 3,000
Additional paid in capital 245,704,000 237,313,000
Accumulated deficit (241,534,000) (236,932,000)
Accumulated other comprehensive loss 40,000 2,000
Total ThermoGenesis Holdings, Inc. stockholders’ equity 4,216,000 386,000
Noncontrolling interests 389,000 530,000
Total equity 4,605,000 916,000
Total liabilities and equity $ 18,404,000 $ 15,214,000