Annual report pursuant to Section 13 and 15(d)

Consolidated Balance Sheets

v3.20.1
Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2019
Dec. 31, 2018
Current assets:    
Cash and cash equivalents $ 2,647 $ 4,318
Accounts receivable, net 12,097 9,593
Inventories 2,899 2,254
Other current assets 1,662 1,372
Total current assets 19,305 17,537
Medical equipment for sale or rental 1,306 1,601
Medical equipment in rental service, net of accumulated depreciation 33,225 23,488
Property & equipment, net of accumulated depreciation 4,037 1,445
Intangible assets, net 15,463 19,865
Operating lease right of use assets 5,733
Other assets 155 137
Total assets 79,224 64,073
Current liabilities:    
Accounts payable 7,962 7,091
Current portion of long-term debt 8,082 4,903
Other current liabilities 5,803 2,796
Total current liabilities 21,847 14,790
Long-term debt, net of current portion 30,295 28,842
Deferred income taxes 104
Operating lease liabilities, net of current portion 4,644
Total liabilities 56,890 43,632
Stockholders’ equity:    
Preferred stock, $.0001 par value: authorized 1,000,000 shares; none issued
Common stock, $.0001 par value: authorized 200,000,000 shares; issued and outstanding 23,400,625 and 19,882,136, as of December 31, 2019, respectively, and issued and outstanding 23,095,513 and 19,577,024, as of December 31, 2018, respectively. 2 2
Additional paid-in capital 83,699 83,167
Retained deficit (61,367) (62,728)
Total stockholders’ equity 22,334 20,441
Total liabilities and stockholders’ equity $ 79,224 $ 64,073