Annual report pursuant to Section 13 and 15(d)

Consolidated Balance Sheets

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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2021
Dec. 31, 2020
Current assets:    
Cash and cash equivalents $ 186 $ 9,648
Accounts receivable, net 15,405 14,720
Inventories 3,939 3,001
Other current assets 2,535 2,402
Total current assets 22,065 29,771
Medical equipment for sale or rental 1,742 1,603
Medical equipment in rental service, net of accumulated depreciation 39,871 35,611
Property & equipment, net of accumulated depreciation 4,523 4,296
Goodwill 3,710 0
Intangible assets, net 10,930 11,177
Operating lease right of use assets 4,241 4,461
Deferred income taxes 10,033 9,967
Other assets 471 105
Total assets 97,586 96,991
Current liabilities:    
Accounts payable 7,862 6,779
Current portion of long-term debt 349 9,423
Other current liabilities 4,685 6,795
Total current liabilities 12,896 22,997
Long-term debt, net of current portion 32,748 29,378
Operating lease liabilities, net of current portion 3,670 3,864
Total liabilities 49,314 56,239
Stockholders’ equity:    
Preferred stock, $0.0001 par value: authorized 1,000,000 shares; none issued 0 0
Common stock, $0.0001 par value: authorized 200,000,000 shares; issued and outstanding 20,699,546 and 20,699,546, as of December 31, 2021, respectively, and issued and outstanding 23,816,193 and 20,297,704, as of December 31, 2020, respectively. 2 2
Additional paid-in capital 101,905 84,785
Accumulated other comprehensive income 268 0
Retained deficit (53,903) (44,035)
Total stockholders’ equity 48,272 40,752
Total liabilities and stockholders’ equity $ 97,586 $ 96,991