XML 12 R2.htm IDEA: XBRL DOCUMENT v3.22.2
Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
Jun. 30, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents $ 4,001,000 $ 7,280,000
Accounts receivable, net of allowance for doubtful accounts of $156,000 at June 30, 2022 and December 31, 2021 2,309,000 733,000
Inventories 5,493,000 5,373,000
Prepaid expenses and other current assets 681,000 1,578,000
Total current assets 12,484,000 14,964,000
Inventories non-current, net 994,000 1,709,000
Equipment and leasehold improvements, net 1,279,000 1,261,000
Right-of-use operating lease assets, net 477,000 571,000
Goodwill 781,000 781,000
Other intangible assets, net 1,302,000 1,318,000
Other assets 256,000 48,000
Total assets 21,327,000 20,652,000
Current liabilities:    
Accounts payable 1,240,000 1,280,000
Accrued payroll and related expenses 376,000 348,000
Deferred revenue – short-term 1,029,000 719,000
Convertible promissory note – related party 5,267,000  
Interest payable – related party 709,000 2,231,000
Convertible promissory note, net 1,000,000 813,000
Other current liabilities 1,070,000 957,000
Total current liabilities 10,691,000 6,348,000
Convertible promissory note – related party, net   9,245,000
Operating lease obligations – long-term 274,000 398,000
Deferred revenue – long-term 1,095,000 1,244,000
Other noncurrent liabilities 18,000 20,000
Total liabilities 15,818,000 17,255,000
Commitments and contingencies
Stockholders’ equity:    
Preferred stock, $0.001 par value; 2,000,000 shares authorized, none outstanding 0 0
Common stock, $0.001 par value; 350,000,000 shares authorized; 27,779,440 issued and outstanding (11,911,784 at December 31, 2021) 28,000 12,000
Additional paid in capital 265,596,000 268,447,000
Accumulated deficit (259,521,000) (264,662,000)
Accumulated other comprehensive loss 76,000 31,000
Total ThermoGenesis Holdings, Inc. stockholders’ equity 6,179,000 3,828,000
Noncontrolling interests (670,000) (431,000)
Total equity 5,509,000 3,397,000
Total liabilities and equity 21,327,000 $ 20,652,000
Lease Agreement with Z3 Investment LLC [Member]    
Current assets:    
Right-of-use operating lease assets, net 3,754,000  
Current liabilities:    
Operating lease obligations – long-term $ 3,740,000