Oncocyte Corp
For the period ended Mar 31, 2024. Filed May 15, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2024 · Filed May 15, 2024
IMDX$2.50+0.4%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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CONDENSED CONSOLIDATED BALANCE SHEETS
(In thousands, except per share data)
| March 31, | December 31, | |
|---|---|---|
| 2024 | 2023 | |
| (Unaudited) | ||
| ASSETS | ||
| CURRENT ASSETS | ||
| Cash and cash equivalents | $5,578 | $9,432 |
| Accounts receivable, net of allowance for credit losses of $2 and $5, respectively | 161 | 484 |
| Prepaid expenses and other current assets | 735 | 643 |
| Assets held for sale | 61 | 139 |
| Total current assets | 6,535 | 10,698 |
| NONCURRENT ASSETS | ||
| Right-of-use and financing lease assets, net | 2,199 | 1,637 |
| Machinery and equipment, net, and construction in progress | 3,528 | 3,799 |
| Intangible assets, net | 56,573 | 56,595 |
| Restricted cash | 1,700 | 1,700 |
| Other noncurrent assets | 438 | 463 |
| TOTAL ASSETS | $70,973 | $74,892 |
| LIABILITIES AND SHAREHOLDERS’ EQUITY | ||
| CURRENT LIABILITIES | ||
| Accounts payable | $908 | $953 |
| Accrued compensation | 2,427 | 1,649 |
| Accrued royalties | 1,116 | 1,116 |
| Accrued expenses and other current liabilities | 741 | 452 |
| Accrued severance from acquisition | 2,314 | 2,314 |
| Right-of-use liabilities, current | 821 | 665 |
| Current liabilities of discontinued operations (Note 11) | - | 45 |
| Total current liabilities | 8,327 | 7,194 |
| NONCURRENT LIABILITIES | ||
| Right-of-use liabilities, noncurrent | 2,514 | 2,204 |
| Contingent consideration liabilities | 43,212 | 39,900 |
| TOTAL LIABILITIES | 54,053 | 49,298 |
| Commitments and contingencies (Note 6) | - | - |
| Series A Redeemable Convertible Preferred Stock, no par value; stated value $1,000 per share; 5 shares issued and outstanding at March 31, 2024 and December 31, 2023; aggregate liquidation preference of $5,376 and $5,296 as of March 31, 2024 and December 31, 2023, respectively | 5,332 | 5,126 |
| SHAREHOLDERS’ EQUITY | ||
| Preferred stock, no par value, 5,000 shares authorized; no shares issued and outstanding | - | - |
| Common stock, no par value, 230,000 shares authorized; 8,273 and 8,261 shares issued and outstanding at March 31, 2024 and December 31, 2023, respectively | 310,553 | 310,295 |
| Accumulated other comprehensive income | 40 | 49 |
| Accumulated deficit | (299,005) | (289,876) |
| Total shareholders’ equity | 11,588 | 20,468 |
| TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY | $70,973 | $74,892 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.