BALANCE SHEET AND OTHER INFORMATION (Tables)
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9 Months Ended |
Sep. 30, 2022 |
Organization, Consolidation and Presentation of Financial Statements [Abstract] |
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Schedule of Inventory |
The following table presents detail of inventory balances: | | | | | | | | | | | | | September 30, | | December 31, | (in thousands) | 2022 | | 2021 | Inventory: | | | | MedCenter hardware | $ | 2,464 | | | $ | 1,201 | | Pharmaceuticals | 3,275 | | | 2,150 | | Spare parts | 662 | | | 565 | | Total inventory | $ | 6,401 | | | $ | 3,916 | |
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Schedule of Prepaid Expenses and Other Current Assets |
The following table presents prepaid expenses and other current assets balances: | | | | | | | | | | | | | September 30, | | December 31, | (in thousands) | 2022 | | 2021 | Prepaid expenses and other current assets: | | | | Prepaid MedCenter inventory | $ | 2,204 | | | $ | 1,050 | | Prepaid insurance | 292 | | | 509 | | Other | 367 | | | 632 | | Total prepaid expenses and other current assets | $ | 2,863 | | | $ | 2,191 | |
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Schedule of Property, Plant and Equipment, Net and Useful Lives |
The following table presents property, plant and equipment balances: | | | | | | | | | | | | | | | | | | | Estimated useful lives | | September 30, | | December 31, | (in thousands) | | 2022 | | 2021 | Property, plant and equipment: | | | | | | MedCenter equipment | 8 years | | $ | 7,525 | | | $ | 5,875 | | IT equipment | 1 - 3 years | | 2,390 | | | 2,361 | | Leasehold improvements | lesser of useful life or term of lease | | 980 | | | 880 | | General plant and equipment | 5 - 8 years | | 619 | | | 603 | | Office furniture and equipment | 5 - 8 years | | 538 | | | 394 | | Vehicles | 5 years | | 54 | | | 54 | | Construction-in-process | | | 481 | | | 1,021 | | Total historical cost | | | 12,587 | | | 11,188 | | Accumulated depreciation | | | (6,217) | | | (5,496) | | Total property, plant and equipment, net | | | $ | 6,370 | | | $ | 5,692 | |
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Schedule of Finite-Lived Intangible Assets, Net |
The following table presents intangible asset balances: | | | | | | | | | | | | | September 30, | | December 31, | (in thousands) | 2022 | | 2021 | Gross intangible assets: | | | | Intellectual property | $ | 3,857 | | | $ | 3,857 | | Software | 5,321 | | | 4,475 | | Website and mobile application | 583 | | | 583 | | Total intangible assets | 9,761 | | | 8,915 | | Accumulated amortization: | | | | Intellectual property | (3,857) | | | (3,857) | | Software | (3,741) | | | (2,175) | | Website and mobile application | (583) | | | (583) | | Total accumulated amortization | (8,181) | | | (6,615) | | Total intangible assets, net | $ | 1,580 | | | $ | 2,300 | |
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Schedule of Lease Assets and Liabilities |
Balance sheet amounts for lease assets and leases liabilities are as follows: | | | | | | | | | | | | | September 30, | | December 31, | (in thousands) | 2022 | | 2021 | Assets: | | | | Operating | $ | 2,110 | | $ | 2,376 | Finance | 160 | | 162 | Total assets | $ | 2,270 | | $ | 2,538 | Liabilities: | | | | Operating: | | | | Current | $ | 632 | | | $ | 599 | | Long-term | 1,673 | | | 1,947 | | Finance: | | | | Current | 96 | | | 83 | | Long-term | 65 | | | 80 | | Total liabilities | $ | 2,466 | | | $ | 2,709 | |
The following table summarizes the weighted-average remaining lease term and weighted-average discount rate related to the Company’s leases as follows: | | | | | | | | | | | | | September 30, | | December 31, | (in thousands) | 2022 | | 2021 | Operating leases: | | | | Weighted-average remaining lease term (years) | 3.8 | | 4.2 | Weighted-average discount rate | 6.9 | % | | 6.9 | % | Finance leases: | | | | Weighted-average remaining lease term (years) | 1.8 | | 1.5 | Weighted-average discount rate | 8.6 | % | | 8.8 | % |
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Schedule of Maturities of Operating Lease Liabilities |
Maturities of operating leases liabilities as of September 30, 2022, are as follows, in thousands: | | | | | | | | Remaining period in 2022 | $ | 202 | | 2023 | 755 | | 2024 | 617 | | 2025 | 534 | | 2026 | 468 | | 2027 | 64 | | Thereafter | — | | Total lease payments | 2,640 | | Less: present value discount | (335) | | Total leases | $ | 2,305 | |
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Schedule of Maturities of Finance Lease Liabilities |
Maturities of finance lease liabilities as of September 30, 2022, are as follows, in thousands: | | | | | | | | Remaining period in 2022 | $ | 30 | | 2023 | 91 | | 2024 | 49 | | 2025 | 4 | | | | | | Thereafter | — | | Total finance lease payments | 174 | | Less: imputed interest | (13) | | Total leases | $ | 161 | |
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