Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets (Current Period Unaudited)

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Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2020
Dec. 31, 2019
Current assets:    
Cash and cash equivalents $ 1,939 $ 2,647
Accounts receivable, net 13,927 12,097
Inventories 3,973 2,899
Other current assets 1,587 1,662
Total current assets 21,426 19,305
Medical equipment for sale or rental 1,359 1,306
Medical equipment in rental service, net of accumulated depreciation 36,110 33,225
Property & equipment, net of accumulated depreciation 4,286 4,037
Intangible assets, net 12,238 15,463
Operating lease right of use assets 4,784 5,733
Other assets 105 155
Total assets 80,308 79,224
Current liabilities:    
Accounts payable 6,936 7,962
Current portion of long-term debt 7,759 8,082
Other current liabilities 5,009 5,803
Total current liabilities 19,704 21,847
Long-term debt, net of current portion 27,034 30,295
Deferred income taxes 120 104
Operating lease liabilities, net of current portion 4,061 4,644
Total liabilities 50,919 56,890
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 23,755,421 and 20,236,932, respectively, as of September 30, 2020 and 23,400,625 and 19,882,136, respectively, as of December 31, 2019 2 2
Additional paid-in capital 84,092 83,699
Retained deficit (54,705) (61,367)
Total stockholders’ equity 29,389 22,334
Total liabilities and stockholders’ equity $ 80,308 $ 79,224