Precipio (PRPO) 10-Q 21 May 18 2018 Q1 Quarterly report Financial data

DOCUMENT AND ENTITY INFORMATION

DOCUMENT AND ENTITY INFORMATION - shares	3 Months Ended
	Mar. 31, 2018	May 18, 2018
Document and Entity Information [Abstract]
Entity Registrant Name	Precipio, Inc.
Entity Central Index Key	1,043,961
Current Fiscal Year End Date	--12-31
Entity Filer Category	Smaller Reporting Company
Document Type	10-Q
Document Period End Date	Mar. 31, 2018
Document Fiscal Year Focus	2,018
Document Fiscal Period Focus	Q1
Amendment Flag	false
Entity Common Stock, Shares Outstanding		19,668,572

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Mar. 31, 2018	Dec. 31, 2017
CURRENT ASSETS:
Cash	$ 286	$ 421
Accounts receivable, net	552	730
Inventories, net	159	161
Other current assets	209	430
Total current assets	1,206	1,742
PROPERTY AND EQUIPMENT, NET	333	353
OTHER ASSETS:
Goodwill	4,391	4,685
Intangibles, net	20,138	20,458
Other assets	25	22
Assets	26,093	27,260
CURRENT LIABILITIES:
Current maturities of long-term debt	676	587
Accounts payable	4,956	5,103
Current maturities of capital leases	51	50
Accrued expenses	1,529	1,248
Deferred revenue	189	66
Other current liabilities	1,350	2,982
Total current liabilities	8,751	10,036
LONG TERM LIABILITIES:
Long-term debt, less current maturities and discounts	2,894	2,829
Common stock warrant liability	124	841
Capital leases, less current maturities	100	113
Deferred tax liability	349	349
Other long-term liabilities	467	67
Total liabilities	12,685	14,235
STOCKHOLDERS' EQUITY:
Preferred stock - $0.01 par value, 15,000,000 shares authorized at March 31, 2018 and December 31, 2017, respectively, 47 and 4,935 shares issued and outstanding at March 31, 2018 and December 31, 2017, respectively
Common stock, $0.01 par value, 150,000,000 and 150,000,000 shares authorized at March 31, 2018 and December 31, 2017, respectively, 19,668,572 and 10,196,620 shares issued and outstanding at March 31, 2018 and December 31, 2017, respectively	197	102
Additional paid-in capital	47,192	44,465
Accumulated deficit	(33,981)	(31,542)
Total stockholders' equity	13,408	13,025
Liabilities and stockholders' equity	$ 26,093	$ 27,260

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) - $ / shares	Mar. 31, 2018	Dec. 31, 2017
Statement of Financial Position [Abstract]
Preferred stock, par value (in dollars per share)	$ 0.01	$ 0.01
Preferred stock, shares authorized (in shares)	15,000,000	15,000,000
Preferred stock, shares issued (in shares)	47	4,935
Preferred stock, shares outstanding (in shares)	47	4,935
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, shares authorized (in shares)	150,000,000	150,000,000
Common stock, shares issued (in shares)	19,668,572	10,196,620
Common stock, shares outstanding (in shares)	19,668,572	10,196,620

CONSOLIDATED STATEMENTS OF OPER

CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Income Statement [Abstract]
Service revenue, net	$ 791	$ 303
Other	5
Revenue, net of contractual allowances and adjustments	796	303
less allowance for doubtful accounts	(84)	(55)
Net sales	712	248
Cost of sales	688	182
Gross profit	24	66
OPERATING EXPENSES:
Operating expenses	2,178	662
Impairment of goodwill	294
TOTAL OPERATING EXPENSES	2,472	662
OPERATING LOSS	(2,448)	(596)
OTHER INCOME (EXPENSE):
Interest expense, net	(8)	(162)
Warrant revaluation	261
Gain on settlement liability, net	141
Loss on settlement of equity instrument	(385)
Other expense	9	(162)
LOSS BEFORE INCOME TAXES	(2,439)	(758)
INCOME TAX EXPENSE	0
NET LOSS	(2,439)	(758)
DEEMED DIVIDENDS ON ISSUANCE OR EXCHANGE OF PREFERRED UNITS	(3,514)
TOTAL DIVIDENDS	(3,514)
NET LOSS AVAILABLE TO COMMON STOCKHOLDERS	$ (5,953)	$ (758)
BASIC AND DILUTED LOSS PER COMMON SHARE (IN DOLLARS PER SHARE)	$ (0.47)	$ (1.69)
BASIC AND DILUTED WEIGHTED-AVERAGE SHARES OF COMMON STOCK OUTSTANDING (IN SHARES)	12,576,037	449,726

UNAUDITED CONDENSED CONSOLIDATE

UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
CASH FLOWS USED IN OPERATING ACTIVITIES:
Net loss	$ (2,439)	$ (758)
Adjustments to reconcile net loss to net cash flows used in operating activities:
Depreciation and amortization	352	24
Amortization of deferred financing costs and debt discount	1	6
Gain on settlement of liability	(141)
Loss on settlement of equity instrument	385
Stock-based compensation and change in liability of stock appreciation rights	82
Impairment of goodwill	294
Provision for losses on doubtful accounts	84	55
Warrant revaluation	(261)
Changes in operating assets and liabilities:
Accounts receivable, net	94	(47)
Inventories, net	2	(6)
Other assets	218	4
Accounts payable	(44)	169
Accrued expenses and other liabilities	228	227
Net cash used in operating activities	(1,145)	(326)
CASH FLOWS PROVIDED BY INVESTING ACTIVITIES:
Purchase of property and equipment	(5)
Net cash used in investing activities	(5)
CASH FLOWS PROVIDED BY FINANCING ACTIVITIES:
Principal payments on capital lease obligations	(12)	(11)
Issuance of common stock, net of issuance costs	618
Proceeds from exercise of warrants	225
Proceeds from long-term debt	300	265
Proceeds from convertible bridge notes		100
Principal payments on long-term debt	(116)	(46)
Net cash flows provided by financing activities	1,015	308
NET CHANGE IN CASH AND CASH EQUIVALENTS	(135)	(18)
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD	421	51
CASH AND CASH EQUIVALENTS AT END OF PERIOD	286	33
SUPPLEMENTAL CASH FLOW INFORMATION
Cash paid during the period for interest	6	$ 15
SUPPLEMENTAL DISCLOSURE OF NON-CASH INFORMATION
Purchases of equipment financed through accounts payable	7
Deferred debt issuance cost financed through accounts payable	31
Other current liabilities canceled in exchange for common shares	1,897
Warrant liability canceled due to settlement of equity instruments	$ 456

BUSINESS DESCRIPTION

BUSINESS DESCRIPTION	3 Months Ended
	Mar. 31, 2018
BUSINESS DESCRIPTION [Abstract]
BUSINESS DESCRIPTION	1. BUSINESS DESCRIPTION  Business Description.  Precipio, Inc., and Subsidiary, (“we”, “us”, “our”, the “Company” or “Precipio”) is a cancer diagnostics company providing diagnostic products and services to the oncology market. We have built and continue to develop a platform designed to eradicate the problem of misdiagnosis by harnessing the intellect, expertise and technology developed within academic institutions and delivering quality diagnostic information to physicians and their patients worldwide. We operate a cancer diagnostic laboratory located in New Haven, Connecticut and have partnered with the Yale School of Medicine to capture the expertise, experience and technologies developed within academia so that we can provide a better standard of cancer diagnostics and solve the growing problem of cancer misdiagnosis. We also operate a research and development facility in Omaha, Nebraska which will focus on further development of ICE-COLD-PCR (“ICP”), the patented technology which was exclusively licensed by us from Dana-Farber Cancer Institute, Inc. (“Dana-Farber”) at Harvard University (“Harvard”). The research and development center will focus on the development of this technology, which we believe will enable us to commercialize other technologies developed by our current and future academic partners. Our platform connects patients, physicians and diagnostic experts residing within academic institutions. Launched in 2017, the platform facilitates the following relationships:  Patients: patients may search for physicians in their area and consult directly with academic experts that are on the platform. Patients may also have access to new academic discoveries as they become commercially available.  Physicians: physicians can connect with academic experts to seek consultations on behalf of their patients and may also provide consultations for patients in their area seeking medical expertise in that physician’s relevant specialty. Physicians will also have access to new diagnostic solutions to help improve diagnostic accuracy.  Academic Experts: academic experts on the platform can make themselves available for patients or physicians seeking access to their expertise. Additionally, these experts have a platform available to commercialize their research discoveries.  We intend to continue updating our platform to allow for patient-to-patient communications and allow individuals to share stories and provide support for one another, to allow physicians to consult with their peers to discuss and share challenges and solutions, and to allow academic experts to interact with others in academia on the platform to discuss their research and cross-collaborate.  ICP was developed at Harvard and is licensed exclusively by us from Dana-Farber. The technology enables the detection of genetic mutations in liquid biopsies, such as blood samples. The field of liquid biopsies is a rapidly growing market, aimed at solving the challenge of obtaining genetic information on disease progression and changes from sources other than a tumor biopsy.  Gene sequencing is performed on tissue biopsies taken surgically from the tumor site in order to identify potential therapies that will be more effective in treating the patient. There are several limitations to this process. First, surgical procedures have several limitations, including:  Cost: surgical procedures are usually performed in a costly hospital environment. For example, according to a recent study the mean cost of lung biopsies is greater than $14,000 ; surgery also involves hospitalization and recovery time.  Surgical access: various tumor sites are not always accessible (e.g. brain tumors), in which cases no biopsy is available for diagnosis.  Risk: patient health may not permit undergoing an invasive surgery; therefore a biopsy cannot be obtained at all.  Time: the process of scheduling and coordinating a surgical procedure often takes time, delaying the start of patient treatment.  Second, there are several tumor-related limitations that provide a challenge to obtaining such genetic information from a tumor:  Tumors are heterogeneous by nature: a tissue sample from one area of the tumor may not properly represent the tumor’s entire genetic composition; thus, the diagnostic results from a tumor may be incomplete and non-representative.  Metastases: in order to accurately test a patient with metastatic disease, ideally an individual biopsy sample should be taken from each site (if those sites are even known). These biopsies are very difficult to obtain; therefore physicians often rely on biopsies taken from the primary tumor site.  The advent of technologies enabling liquid biopsies as an alternative to tumor biopsy and analysis is based on the fact that tumors (both primary and metastatic) shed cells and fragments of DNA into the blood stream. These blood samples are called “liquid biopsies” that contain circulating tumor DNA, or ctDNA, which hold the same genetic information found in the tumor(s). That tumor DNA is the target of genetic analysis. However, since the quantity of tumor DNA is very small in proportion to the “normal” (or “healthy”) DNA within the blood stream, there is a need to identify and separate the tumor DNA from the normal DNA.  ICP is an enrichment technology that enables the laboratory to focus its analysis on the tumor DNA by enriching, and thereby “multiplying” the presence of, tumor DNA, while maintaining the normal DNA at its same level. Once the enrichment process has been completed, the laboratory genetic testing equipment is able to identify genetic abnormalities presented in the ctDNA, and an analysis can be conducted at a higher level of sensitivity, to enable the detection of such genetic abnormalities. The technology is encapsulated into a chemical that is provided in the form of a kit and sold to other laboratories who wish to conduct these tests in-house. The chemical within the kit is added to the specimen preparation process, enriching the sample for the tumor DNA so that the analysis will detect those genetic abnormalities. Merger Transaction  On June 29, 2017 , the Company (then known as “Transgenomic, Inc.”, or “Transgenomic”), completed a reverse merger (the “Merger”) with Precipio Diagnostics, LLC, a privately held Delaware limited liability company (“Precipio Diagnostics”) in accordance with the terms of the Agreement and Plan of Merger (the “Merger Agreement”), dated October 12, 2016 , as amended on February 2, 2017 and June 29, 2017, by and among Transgenomic, Precipio Diagnostics and New Haven Labs Inc. (“Merger Sub”) a wholly-owned subsidiary of Transgenomic. Pursuant to the Merger Agreement, Merger Sub merged with and into Precipio Diagnostics, with Precipio Diagnostics surviving the Merger as a wholly-owned subsidiary of the combined company. Upon the consummation of the Merger, the historical financial statements of Precipio Diagnostics become the Company's historical financial statements. Accordingly, the historical financial statements of Precipio Diagnostics are included in the comparative prior periods. As a result of the Merger, historical preferred stock, common stock, restricted units, warrants and additional paid-in capital, including share and per share amounts, have been retroactively adjusted to reflect the equity structure of the combined company, including the effect of the Merger exchange ratio. Pursuant to the Merger Agreement, each outstanding unit of Precipio Diagnostics was exchanged for 10.2502 pre-reverse stock split shares of Company Common Stock.  Going Concern. The condensed consolidated financial statements have been prepared using accounting principles generally accepted in the United States of America (“GAAP”) applicable for a going concern, which assume that the Company will realize its assets and discharge its liabilities in the ordinary course of business. The Company has incurred substantial operating losses and has used cash in its operating activities for the past few years. As of March 31, 201 8 , the Company had a net loss of $2.4 million, negative working capital of $7.5 million and net cash used in operating activities of $ 1.1 million. The Company’s ability to continue as a going concern over the next twelve months from the date of issuance of this Form 10-Q is dependent upon a combination of achieving its business plan, including generating additional revenue, and raising additional financing to meet its debt obligations and paying liabilities arising from normal business operations when they come due.  To meet its current and future obligations the Company has taken the following steps to capitalize the business and successfully achieve its business plan: · On April 13, 2018, the Company filed a Form S-1 General Registration Statement to register and offer for future sale shares of our common stock, pursuant to entering into an Equity Purchase Agreement with Leviston Resources LLC (the “Investor”) on February 8, 2018. See Note 8 – Stockholders’ Equity for further details. · On April 20, 2018, the Company entered into a securities purchase agreement (the “Agreement”) with certain investors, pursuant to which the Company will issue up to approximately $3,296,703.30 in 8% Senior Secured Convertible Promissory Notes with 100% common stock warrant coverage. See Note 12 – Subsequent Events for further details.  Notwithstanding the aforementioned circumstances, there remains substantial doubt about the Company’s ability to continue as a going concern over the next twelve months from the date of issuance of the Form 10-Q . There can be no assurance that the Company will be able to successfully achieve its initiatives summarized above in order to continue as a going concern over the next twelve months from the date of issuance of the Form 10-Q . The accompanying financial statements have been prepared assuming the Company will continue as a going concern and do not include any adjustments that might result should the Company be unable to continue as a going concern as a result of the outcome of this uncertainty.  Nasdaq Delisting Notice  On March 26, 2018, Precipio, Inc. received written notice (the “Notice”) from The Nasdaq Stock Market LLC (“Nasdaq”) indicating that, based on the closing bid price of the Company’s common stock for the preceding 30 consecutive business days , the Company is not in compliance with the $1.00 minimum bid price requirement for continued listing on the Nasdaq Capital Market (the “Minimum Bid Price Requirement”). The Notice has no immediate effect on the listing of Precipio’s common stock, and its common stock will continue to trade on the Nasdaq Capital Market under the symbol “PRPO” at this time. In accordance with Nasdaq Listing Rule 5810(c)(3)(A), Precipio has a period of 180 calendar days, or until September 24, 2018 to regain compliance with the Minimum Bid Price Requirement. The Company intends to monitor the closing bid price of its common stock and consider its available options to resolve its noncompliance with the Minimum Bid Price Requirement.

SUMMARY OF SIGNIFICANT ACCOUNTI

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	3 Months Ended
	Mar. 31, 2018
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES [Abstract]
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Basis of Presentation. The accompanying condensed consolidated financial statements are presented in conformity with GAAP. We have evaluated events occurring subsequent to March 31, 2018 for potential recognition or disclosure in the condensed consolidated financial statements and concluded that, other than what is disclosed within the notes to unaudited condensed consolidated financial statements and in Note 12 - Subsequent Events, there were no other subsequent events that required recognition or disclosure. The condensed consolidated balance sheet as of December 31, 2017 was derived from our audited balance sheet as of that date. There has been no change in the balance sheet from December 31, 2017. The accompanying condensed consolidated financial statements as of and for the three months ended March 31, 2018 and 2017 are unaudited and reflect all adjustments (consisting of only normal recurring adjustments) that are, in the opinion of management, necessary for a fair presentation of the financial position and operating results for the interim periods. These unaudited condensed consolidated financial statements and notes should be read in conjunction with the audited financial statements and notes thereto for the year ended December 31, 2017 contained in our Annual Report Form 10-K, filed with the Securities and Exchange Commission (the “SEC”) on April 13, 2018. The results of operations for the interim periods presented are not necessarily indicative of the results for fiscal year 2018. Recent Accounting Pronouncements. In May 2014, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2014-09, Revenue from Contracts with Customers and has subsequently issued supplemental and/or clarifying ASUs (collectively “ASC 606”). ASC 606 outlines a five-step framework that intends to clarify the principles for recognizing revenue and eliminate industry-specific guidance. In addition, ASC 606 revises current disclosure requirements in an effort to help financial statement users better understand the nature, amount, timing, and uncertainty of revenue that is recognized. ASC 606 may be applied either retrospectively to each prior reporting period presented or use the modified retrospective transition method with the cumulative effect of initial adoption recognized at the date of initial application. We adopted this new standard as of January 1, 2018, by using the modified-retrospective method. An adjustment was not required and a change to the prior revenue recognition process and policy to adopt the new standard was not necessary. See Note 11 – Sales Service Revenue, Net And Accounts Receivable for further details. In February 2016, the FASB issued ASU No. 2016-02, Leases . The new standard amends the recognition of lease assets and lease liabilities by lessees for those leases currently classified as operating leases and amends disclosure requirements associated with leasing arrangements. The new standard is effective for fiscal years and interim periods within those fiscal years beginning after December 15, 2018. Early adoption is permitted. The new standard must be adopted using a modified retrospective transition, and provides for certain practical expedients. Transition will require application of the new guidance at the beginning of the earliest comparative period presented. We are currently assessing the impact that the adoption of this ASU will have on our consolidated financial statements.  In January 2017, FASB issued ASU No. 2017-01, Business Combinations (Topic 805): Clarifying the Definition of a Business. ASU No. 2017-01 adds guidance to assist entities with evaluating whether transactions should be accounted for as acquisitions (or disposals) of assets or businesses. The new guidance is effective for fiscal years beginning after December 15, 2017, and interim periods within those fiscal years. The adoption of ASU No. 2017-01 did not have a material effect on the Company’s financial position and results of operations.  In May 2017, the FASB issued ASU 2017-09 “ Compensation – Stock Compensation (Topic 718): Scope of Modification Accounting”, which provides clarity and reduces both diversity in practice and cost and complexity when applying guidance in Topic 718. This amendment provides guidance about which changes to the terms or conditions of a share-based payment award require an entity to apply modification accounting in Topic 718. The amendments are effective for all entities for annual periods, and interim periods within those periods, beginning after December 15, 2017. The adoption of ASU No. 2017-09 did not have a material effect on the Company’s financial position and results of operations.  Property and Equipment, net. Depreciation expense was less than $0.1 million for both the three months March 31, 2018 and 2017. Depreciation expense during each year includes depreciation related to equipment acquired under capital leases. Goodwill and Intangible Assets. As a result of the Merger, the Company recorded goodwill and intangible assets as part of its allocation of the purchase consideration.  Goodwill  Goodwill represents the excess of the purchase price over the fair value of identifiable net assets of the business acquired. Goodwill is tested for impairment annually. We perform this impairment analysis during the fourth quarter of each year or when a significant event occurs that may indicate that the assets might be impaired. During the three months ended March 31, 2018, the Company experienced a decline in its share price and a reduction in its market capitalization, as such the Company determined that an assessment of goodwill should be performed using the qualitative approach. Based on the qualitative assessment, the Company concluded that it was more likely than not that the fair value of the Company was less than its carry value. As part of its analysis, the Company considered triggering events and compared its fair value with its carrying value. The analysis of the fair value of the Company involved using the discounted cash flow model. Based on the analysis, the Company concluded that its carrying value exceeded its fair value and goodwill impairment in the amount of $0.3 million was recorded for the three months ended March 31, 2018.  Intangibles  Amortization expense for intangible assets was $0.3 million and zero during the three months ended March 31, 2018 and 2017, respectively. Amortization expense for intangible assets is expected to be $1.2 million, $1.0 million, $1.0 million, $0.9 million and $0.9 million for each of the years ending December 31, 2018, 2019, 2020, 2021 and 2022, respectively. Revenue Recognition. Revenue recognition occurs when a customer obtains control of the promised goods and service. Revenue assigned to the goods and services reflects the consideration which the Company expects to receive in exchange for those goods and services.  The Company derives its revenues from Diagnostic Testing - histology, flow cytometry, cytology and molecular testing; Clinical Research from bio-pharma customers, state and federal grant programs; and from Biomarker Testing from bio-pharma customers. All sources of revenue are recorded net of accruals for estimated chargebacks, rebates, cash discounts, other allowances, and returns. Due to differences in the substance of these revenue types, the transactions require, and the Company utilizes, different revenue recognition policies for each. See more detailed information on revenue in Note 11 – Sales Service Revenue, Net And Accounts Receivable.  The Company recognizes revenue utilizing the five-step framework of ASC 606. Control of the laboratory testing services is transferred to the customer at a point in time. As such, the Company recognizes revenue for diagnostic testing at a point in time based on the delivery method (web-portal access or fax) for a patient’s laboratory report. Diagnostic testing service revenue is reported at the estimated net realizable amounts from patients, third-party payors and others for services rendered, including retroactive adjustment under reimbursement agreements with third-party payors. Revenue under third-party payor agreements is subject to audit and retroactive adjustment. Provisions for third-party payor settlements are provided in the period in which the related services are rendered and adjusted in the future periods, as final settlements are determined. For clinical research and biomarker services, the Company utilizes an “effort based” method of assessing performance and measures progress towards satisfaction of the performance obligation based upon the delivery of results per the contract.  When we receive payment in advance, we initially defer the revenue and recognize it when we deliver the service. Deferred net sales included in the balance sheet as deferred revenue was $0.2 million and less than $0.1 million as of March 31, 2018 and December 31, 2017, respectively.  Taxes collected from customers and remitted to government agencies for specific net sales producing transactions are recorded net with no effect on the income statement.  Loss Per Share. Basic loss per share is calculated based on the weighted-average number of common shares outstanding during each period. Diluted loss per share includes shares issuable upon exercise of outstanding stock options, warrants or conversion rights that have exercise or conversion prices below the market value of our common stock. Options, warrants and conversion rights pertaining to 9,506,515 and 2,753,814 shares of our common stock have been excluded from the computation of diluted loss per share at March 31, 2018 and 2017, respectively, because the effect is anti-dilutive due to the net loss. The following table summarizes the outstanding securities not included in the computation of diluted net loss per share:   March 31,  2018 2017  Stock options 3,520,059 2,651  Warrants 5,923,789 1,971,058  Preferred stock 62,667 780,105  Total 9,506,515 2,753,814 

REVERSE MERGER

REVERSE MERGER	3 Months Ended
	Mar. 31, 2018
REVERSE MERGER [Abstract]
REVERSE MERGER	3. REVERSE MERGER  Unaudited pro forma information  The operating results of Transgenomic have b een included in the Company's consolidated financial statements for all period s after June 29, 2017 .  The following unaudited pro forma information presents the Company's financial results as if the acquisition of Transgenomic had occurred on January 1, 2017 and combines Transgenomic’s unaudited condensed consolidated statement of operations for the three months ended March 31, 2017 with Precipio’s unaudited condensed statement of operations for the three months ended March 31, 2017:   Dollars in thousands, except per share amounts  For the Three Months Ended March 31,  2018 2017  Net sales $ 712 $ 907  Net loss available to common stockholders (5,953 ) (2,778 )  Loss per common share $ (0.47 ) $ (0.42 )  

LONG-TERM DEBT

LONG-TERM DEBT	3 Months Ended
	Mar. 31, 2018
LONG-TERM DEBT [Abstract]
LONG-TERM DEBT	4 . LONG-TERM DEBT  Long-term debt consists of the following:    Dollars in Thousands  March 31, 2018 December 31, 2017  Department of Economic and Community Development (DECD) $ 293 $ —  DECD debt issuance costs (30 ) —  Secured debt obligations 3,233 3,233  Financed insurance loan 74 183  Total long-term debt 3,570 3,416  Current portion of long-term debt (676 ) (587 )  Long-term debt, net of current maturities $ 2,894 $ 2,829   Department of Economic and Community Development.  On January 8, 2018, the Company received gross proceeds of $400,000 when it entered into an agreement with the Department of Economic and Community Development (“DECD”) by which the Company received a grant of $100,000 and a loan of $300,000 secured by substantially all of the Company’s assets (the “DECD 2018 Loan”.) The grant is included in deferred revenue in the accompanying condensed consolidated balance sheet.  Debt issuance costs associated with the DECD 2018 Loan were approximately $31,000 . Amortization of the debt issuance cost was approximately $1,000 for the three months ended March 31, 2018. Net debt issuance costs were $30,000 at March 31, 2018 and are presented as a reduction of the related debt in the accompanying condensed consolidated balance sheet.  Secured Debt Obligations  In 2017, the Company entered into Debt Settlement Agreements (the “Settlement Agreements”) with certain of its accounts payable and accrued liability vendors (the “Creditors”) pursuant to which the Creditors , who were owed $6.3 million (the “Debt Obligations”) by the Company, agreed to reduce and exchange the Debt Obligations for a secured obligation in the amount of $3.2 million, $1.9 million in shares of the Company’s common stock and 108,112 warrants to purchase shares of the Company’s common stock.  The Debt Obligations were restructured as follows: · The Company entered into a scheduled long-term debt repayment agreement of approximately $3.2 million, which includes interest of approximately $0.6 million, to be paid in forty-eight equal monthly installments beginning in July 2018 (the “Secured Debt Obligations”). · Debt Obligations of $1.9 million were canceled in exchange for 1,814,754 shares of the Company’s common stock with a weighted average price per share of $1.04 (the “Settlement Common Shares”). The stock was issued in February 2018. · Warrants to purchase 108,112 shares of the Company’s common stock at an exercise price of $7.50 per share (the “Creditor Warrants”) were issued to certain Creditors. The Creditor Warrants were issued in February 2018 .  Financed Insurance Loan .  During 2017, t he Company financed certain of its insurance premiums (the “ Financed Insurance Loan ”) . The original amount financed in July 2017 was $0.4 million with a 4.99 % interest rate. The Company will make monthly payments through May 2018. As of March 31, 2018 and December 31, 2017, the Financed Insurance Loan outstanding balance of $0.1 million and $0.2 million, respectively, is included in current maturities of long-term debt in the Company’s condensed consolidated balance sheet. A corresponding prepaid asset is included in other current assets.

OTHER CURRENT LIABILITIES

OTHER CURRENT LIABILITIES	3 Months Ended
	Mar. 31, 2018
OTHER CURRENT LIABILITIES [Abstract]
OTHER CURRENT LIABILITIES	5 . OTHER CURRENT LIABILITIES .  Other current liabilities are as follows:  0 (dollars in thousands) March 31, 2018 December 31, 2017  Obligation to issue common shares $ — $ 1,897  Liability for settlement of equity instrument 1,350 1,085  $ 1,350 $ 2,982  As of December 31, 2017, t he Company had recorded a liability related to its obligation to issue shares of its common stock in the future. On February 12, 2018, the Company issued 1,814,754 Settlement Common Shares with a fair value of approximately $1.9 million. On February 20, 2018, Crede Capital Group LLC (“Crede”) filed a lawsuit against the Company in the Supreme Court of the State of New York for Summary Judgment in Lieu of Complaint requiring the Company to pay cash owed to Crede. Crede claimed that Precipio had breached a Securities Purchase Agreement and Warrant that Crede entered into in connection with an investment in Transgenomic and that pursuant to those agreements, Precipio owed Crede approximately $2.2 million. On March 12, 2018, Precipio entered into a settlement agreement (the “Crede Agreement”) with Crede pursuant to which Precipio agreed to pay Crede a total sum of $1.925 million over a period of 16 months payable in cash, or at the Company’s discretion, in stock, in accordance with terms contained in the Crede Agreement. In accordance with the terms of the agreement and in addition to the agreement to pay, we have also executed and delivered to Crede an affidavit of confession of judgment. As of December 31, 2017, the Compan y had recorded liabilities relating to Crede of $1.1 million included in other current liabilities on the accompanying condensed consolidated balance sheets and $0.6 million included in common stock warrant liability on the accompanying condensed consolidated balance sheets related to warrants classified as liabilities that Crede is the holder of. As of the date of the Crede Agreement, the fair value of the common stock warrant liability related to Crede was revalued to approximately $0.4 million , resulting in a gain of $0.2 million included in w arrant revaluation in the unaudited condensed consolidated statement of operations during the three months ended March 31, 2018. See Note 9 – Fair Value for further discussion. During the three months ended March 31, 2018, at the time of the Crede Agreement, the Company paid approximately $0.2 million to Crede and recorded $1.3 million in other current liabilities and $0.4 million in other long-term liabilities, thus replacing its $1.1 million liability for settlement of equity instrument and $0.4 million common stock warrant liability. This resulted in the Company recording a n additional loss of $0.4 million , which is included in loss on settlement of equity instruments in the unaudited condensed consolidated statement of operations . The remaining amount due to Crede will be paid per the Crede Agreement payment schedule with the final installment due in May 2019 .

CONTINGENCIES

CONTINGENCIES	3 Months Ended
	Mar. 31, 2018
CONTINGENCIES [Abstract]
CONTINGENCIES	6 . CONTINGENCIES  The Company is involved in legal proceedings related to matters, which are incidental to its business. The Company has also assumed a number of claims as a result of the Merger. See below for a discussion on these matters.  The healthcare industry is subject to numerous laws and regulations of federal, state and local governments. These laws and regulations include, but are not necessarily limited to, matters such as licensure, accreditation, government healthcare program participation requirement, reimbursement for patient services and Medicare and Medicaid fraud and abuse. Government activity has increased with respect to investigations and allegations concerning possible violations of fraud and abuse statutes and regulations by healthcare providers.  Violations of these laws and regulations could result in expulsion from government healthcare programs together with the imposition of significant fines and penalties, as well as significant repayments for patient services previously billed. Management believes that the Company is in compliance with fraud and abuse regulations, as well as other applicable government laws and regulations. While no material regulatory inquiries have been made, compliance with such laws and regulations can be subject to future government review and interpretation, as well as regulatory actions unknown or unasserted at this time.  The outcome of legal proceedings and claims brought against us are subject to significant uncertainty. Therefore, although management considers the likelihood of such an outcome to be remote, if one or more of these legal matters were resolved against us in the same reporting period for amounts in excess of management’s expectations, our financial statements for such reporting period could be materially adversely affected. In general, the resolution of a legal matter could prevent us from offering our services or products to others, could be material to our financial condition or cash flows, or both, or could otherwise adversely affect our operating results. L ITIGATIONS  The Company is delinquent on the payment of outstanding accounts payable for certain vendors and suppliers who have taken or have threatened to take legal action to collect such outstanding amounts. On June 23, 2016, the Icahn School of Medicine at Mount Sinai (“Mount Sinai”) filed a lawsuit against Transgenomic in the Supreme Court of the State of New York, County of New York, alleging, among other things, breach of contract and, alternatively, unjust enrichment and quantum merit, and seeking recovery of $0.7 million owed by us to Mount Sinai for services rendered. We and Mount Sinai entered into a settlement agreement dated October 27, 2016, which included, among other things, a mutual general release of claims, and our agreement to pay approximately $0.7 million to Mount Sinai in installments over a period of time. Effective as of October 31, 2017, we and Mount Sinai agreed to enter into a new settlement agreement to restructure these liabilities into a secured, long-term debt obligation of $0.5 million which includes accrued interest at 10% with monthly principal and interest payments of $9,472 beginning in July 2018 and con tinuing over 48 months and we issued warrants in the amount of 24,900 shares, that are exercisable for shares of our common stock, on a 1-for-1 basis, with an exercise price of $7.50 per share, exercisable on the date of issuance with a term of 5 years. We do not plan to apply to list the warrants on the NASDAQ Capital Market, any other national securities exchange or any other nationally recognized trading system. A $0.5 million liability has been recorded and is reflected in long-term debt within the accompanying condensed consolidated balance sheet at March 31, 2018 and December 31, 2017. On February 21, 2017, XIFIN, Inc. (“XIFIN”) filed a lawsuit against us in the District Court for the Southern District of California alleging breach of written contract and seeking recovery of approximately $0.27 million owed by us to XIFIN for damages arising from a breach of our obligations pursuant to a Systems Services Agreement between us and XIFIN, dated as of February 22, 2013, as amended and restated on September 1, 2014. On April 5, 2017, the court clerk entered default against the Company. On May 5, 2017, XIFIN filed an application for entry of default judgment against us. A liability of $0.1 million and $0.2 million is reflected in accounts payable within the accompanying condensed consolidated bal ance sheet at March 31, 2018 and December 31, 2017, respectively. CPA Global provides us with certain patent management services. On February 6, 2017, CPA Global claimed that we owe approximately $0.2 million for certain patent maintenance services rendered. CPA Global has not filed claims against us in connection with this allegation. A liability of approximately less than $0.1 million has been recorded and is reflected in accounts payable within the accompanying condensed consolidated balance sheet at March 31, 2018 and December 31, 2017. On February 17, 2017, Jesse Campbell (“Campbell”) filed a lawsuit individually and on behalf of others similarly situated against us in the District Court for the District of Nebraska alleging we had a materially incomplete and misleading proxy relating to a potential merger and that the merger agreement’s deal protection provisions deter superior offers. As a result, Campbell alleges that we have violated Sections 14(a) and 20(a) of the Exchange Act and Rule 14a-9 promulgated thereafter. The Company filed a motion to dismiss all claims, which motion was fully briefed on November 27, 2017. The Court granted the Company’s motion in full on May 3, 2018 and dismissed the lawsuit . On March 21, 2018, Bio-Rad Laboratories filed a lawsuit against us in the Superior Court Judicial Branch of the State of Connecticut for Summary Judgment in Lieu of Complaint requiring us to pay cash owed to Bio-Rad in the amount of $39,000 . We are currently in discussions with Bio-Rad to reach payment conditions. A liability of less than $0.1 million has been recorded in accounts payable within the accompanying condensed consolidated balance sheet at March 31, 2018 and December 31, 2017.

INCOME TAXES

INCOME TAXES	3 Months Ended
	Mar. 31, 2018
INCOME TAXES [Abstract]
INCOME TAXES	7 . INCOME TAXES  Income tax expense for the three months ended March 31, 2018 and 2017 was zero as a result of recording a full valuation allowance against the deferred tax asset generated during the periods, which are predominantly net operating losses.  We had no material interest or penalties during fiscal 2018 or fiscal 2017, and we do not anticipate any such items during the next twelve months. Our policy is to record interest and penalties directly related to uncertain tax positions as income tax expense in the condensed consolidated statements of operations. 

STOCKHOLDERS' EQUITY

STOCKHOLDERS' EQUITY	3 Months Ended
	Mar. 31, 2018
STOCKHOLDERS' EQUITY [Abstract]
STOCKHOLDERS' EQUITY	8 . STOCKHOLDERS’ EQUITY  Common Stock.  Pursuant to our Third Amended and Restated Certificate of Incorporation, as amended, we currently have 150,000,000 shares of common stock authorized for issuance.  On February 8, 2018 the Company entered into an equity purchase agreement (the “ 2018 Purchase A greement”) with Leviston Resources LLC (“Leviston”) for the purchase of up to $8,000,000 (the “Aggregate Amount”) of shares (the “ Shares”) of the Company’s common stock from time to time, at the Company’s option. Shares offered and sold prior to February 13, 2018 were issued pursuant to the Company’s shelf registration statement on Form S-3 (and the related prospectus) that the Company filed with the Securities and Exchange Commission (the “SEC”) and which was declared effective by the SEC on February 13, 2015 (the “Shelf Registration Statement”).  Sales of the Company’s common stock, if any, may be made in sales deemed to be “at-the-market” equity offerings as defined in Rule 415 promulgated under the Securities Act of 1933, as amended (the “Securities Act”), at a purchase price equal to 97.25% of the volume weighted average sales price of the common stock reported on the date that Leviston receives a capital call from the Company. Leviston purchased 721,153 shares (the “Investor Shares”) of the Company’s common stock following the close of business on February 9, 2018, subject to customary closing conditions, at a price per share of $1.04 . The shares were sold pursuant to the Shelf Registration Statement. The net proceeds to the Company from this sale were approximately $744,000 . In addition to the $6,000 fee ( 0.75% fee discussed below), the Company incurred approximately $136,000 of additional costs, both of which have been treated as issuance costs within additional paid-in capital in the accompanying unaudited condensed consolidated balance sheet .  In consideration of Leviston’s agreement to enter into the 2018 Purchase Agreement, the Company agreed to pay to Leviston a commitment fee in shares of the Company’s common stock equal in value to 5.25% of the total Aggregate Amount (the “Commitment Shares”), payable as follows: 1.75% on or before February 12, 2018. This amount, of $140,000 , was paid to Leviston through the issuance of 170,711 shares of the Company’s common stock on February 12, 2018; 1.75% on the third calendar day after the date on which the registration statement on Form S-1 file d on April 16, 2018 is declared effective by the SEC; and 1.75% on the thirtieth calendar day after the date on which such registration statement on Form S-1 is declared effective by the SEC. The Company agreed to pay to Leviston, on each day that Leviston receives a capital call from the Company, all expenses associated with depositing, clearing, selling and mailing of the stock certificates, a fee of 0.75% of any amount purchased by Leviston. Also, the Company paid $35,000 to Leviston for a documentation fee for preparing the 2018 Purchase Agreement. This was recorded in additional paid-in-capital as an off-set to the proceeds received. Leviston will refund the Company $15,000 if certain future conditions are met . Such conditions have not been met as of the date of issuance of this Form 10-Q . Because the Company’s existing registration statement on Form S-3 expired on February 13, 2018 and, due to the timing of the filing of the Company’s Quarterly Report on Form 10-Q for the quarter ended June 30, 2017, the Company will not be eligible to file a new Form S-3 registration statement until September 1, 2018, the Company agreed to prepare and file with the SEC a registration statement on Form S-1 the (“S-1 Registration Statement”), by April 15, 2018 and to use reasonable best efforts to cause the S-1 Registration Statement to be declared effective by the SEC within ninety days thereafter. The Company filed the S-1 Registration Statement with the SEC on April 16, 2018, which is yet to become effective and which was in a timely manner since the SEC was not open for filings on April 15, 2018. The Company is also required to pay liquidated damages of $100,000 on each event of default under the 2018 Purchase Agreement. The Company has provided Leviston with customary indemnification rights under the 2018 Purchase Agreement.  During the three months ended March 31, 2018, the Company issued 3,120,000 shares of its common stock in connection with conversions of its Series B Preferred Stock and 3,345,334 shares of its common stock in connection with conversions of its Series C Preferred Stock . Aside from 60,000 shares of common stock issued in connection with conversions of its Series C Preferred Stock , all of the shares of common stock issued in the three months ended March 31, 2018 in connection with conversions of its Series B Preferred Stock and Series C Preferred Stock (together the “Preferred Stock”) were issued after the Company induced the holders of its Preferred Stock to convert their shares of Preferred Stock to shares of the company’s common stock (see below - Preferred Stock induced conversions).  During the three months ended March 31, 2018, the Company issued 300,000 shares of its common stock in connection with the exercise of 300,000 warrants. The warrant exercise resulted in net cash proceeds to the Company of approximately $0.2 million. Preferred Stock. The Company’s Board of Directors is authorized to issue up to 15,000,000 shares of preferred stock in one or more series, from time to time, with such designations, powers, preferences and rights and such qualifications, limitations and restrictions as may be provided in a resolution or resolutions adopted by the Board of Directors. Series B Preferred Stock.  On August 25, 2017, the Company filed a Certificate of Designation of Preferences, Rights and Limitations of Series B Convertible Preferred Stock (“Series B Preferred Stock”) with the State of Delaware which designates 6,900 shares of our preferred stock as Series B Preferred Stock. The Series B Preferred Stock has a stated value of  $1,000 per share and a par value of  $0.01 per share. The Series B Preferred Stock includes a beneficial ownership blocker but has no dividend rights (except to the extent dividends are also paid on the common stock).  On August 28, 2017, the Company completed the August 2017 Offering of 6,000 units consisting of one share of the Company’s Series B Preferred Stock, which was initially convertible into 400 shares of common stock, par value $0.01 per share, at a conversion price of $2.50 per share, and one warrant to purchase up to 400 shares of common stock (the “August 2017 Offering Warrants”) at a combined public offering price of $1,000 per unit. The August 2017 Offering included the sale of 280,000 August 2017 Offering Warrants pursuant to the over-allotment option exercised by Aegis Capital Corp. (“Aegis”) for $0.01 per share or $2,800 .  In November 2017, the down round feature of the Series B Preferred Stock was triggered at the time of the Company’s issuance of its Series C Preferred Stock and, as a result, the conversion price of the Series B Preferred Stock was reduced from $2.50 per share to $1.40 per share.  T he 2018 Purchase Agreement triggered the down round feature of the Series B Preferred Stock and , as a result, the conversion price of the Company’s Series B Convertible Preferred Stock was automatically adjusted from $1.40 per share to $1.04 per share. In connection with the down round adjustment, the Company calculated an incremental beneficial conversion feature of approximatel y $1.4 million which was recognized as a deemed dividend at time of the down round adjustment .  T he 2018 Inducement Agreement, discussed below, triggered the down round feature of the Series B Preferred Stock and , as a result, the conversion price of the Company’s Series B Convertible Preferred Stock was automatically adjusted from $1.04 per share to $0.75 per share. In connection with the down round adjustment, the Company calculated an incremental beneficial conversion feature of approximatel y $40,000 which was recognized as a deemed dividend at time of the down round adjustment .  During the three months ended March 31, 2018, 2,340 shares of Series B Preferred Stock that were outstanding at December 31, 2017 were converted into 3,120,000 shares of our common stock.  At March 31 , 201 8 , the Company had 6,900 shares of Series B designated and 47 shares of Series B issued and outstanding .  Series C Preferred Stock  On November 6, 2017, the Company filed a Certificate of Designation of Preferences, Rights and Limitations of Series C Convertible Preferred Stock (“Series C Preferred Stock”) with the State of Delaware which designates 2,748 shares of our preferred stock as Series C Preferred Stock. The Series C Preferred Stock has a stated value of  $1,000 per share and a par value of  $0.01 per share.  On November 2, 2017, the Company entered into a Placement Agency Agreement (the “Placement Agreement”) with Aegis Capital Corp. for the sale on a reasonable best efforts basis of 2,748 units, each consisting of one share of the Company’s Series C Preferred Stock, convertible into a number of shares of the Company’s common stock equal to $1,000 divided by $1.40 and warrants to purchase up to 1,962,857 shares of common stock with an exercise price of $1.63 per share (the “Series C Warrants”) at a combined offering price of $1,000 per unit, in a registered direct offering (the “Series C Preferred Offering”). The Series C Preferred Stock includes a beneficial ownership blocker but has no dividend rights (except to the extent dividends are also paid on the common stock). The securities comprising the units are immediately separable and were issued separately.  The conversion price of the Series C Preferred Stock contains a down round feature. T he 2018 Purchase Agreement triggered the down round feature of the Series C Preferred Stock and , as a result, the conversion price of the Company’s Series B Convertible Preferred Stock was automatically adjusted from $1.40 per share to $1.04 per share. In connection with the down round adjustment, the Company calculated an incremental beneficial conversion feature of approximatel y $0.8 million which was recognized as a deemed dividend at time of the down round adjustment .  During the three months ended March 31, 2018, 2,548 shares of Series C Preferred Stock that were outstanding at December 31, 2017 were converted into 3,345,334 shares of our common stock.  At March 31, 201 8 , the Company had 2,748 shares of Series C designated and zero shares of Series C issued and outstanding.  Preferred Stock induced conversions  On March 21, 2018, the Company entered into a Letter Agreement (the “ 2018 Inducement Agreement”) with certain holders (the “Investors”) of shares of the Company’s Series B Preferred Stock and Series C Preferred Stock (together the “Preferred Stock”), and warrants (the “Warrants”) to purchase shares of the Company’s common stock, par value $0.01 per share (“Common Stock”), issued in the Company’s public offering in August 2017 and registered direct offering in November 2017. Pursuant to the 2018 Inducement Agreement, the Company and the Investors agreed that, as a result of the issuance of shares of Common Stock pursuant to that Purchase Agreement, dated February 8, 2018, by and between the Company and the investor named therein, and effective as of the time of execution of the 2018 Inducement Agreement, the exercise price of the Warrants was reduced to $0.75 per share (the “Exercise Price Reduction”) and the conversion price of the Preferred Stock was reduced to $0.75 (the “Conversion Price Reduction”). As consideration for the Company’s agreement to the Exercise Price Reduction and the Conversion Price Reduction, (i) each Investor agreed to convert the shares of Preferred Stock held by such Investor into shares of Common Stock in increments of up to 4.99% of the shares of Common Stock outstanding as of the date of the 2018 Inducement Agreement and (ii) one Investor agreed to exercise 666,666 Warrants and another Investor agreed to exercise 500,000 Warrants in increments of up to 4.99% of the shares of Common Stock outstanding as of the date of the 2018 Inducement Agreement, in each case in accordance with the beneficial ownership limitations set forth in the Company’s Certificate of Designation of Preferences, Rights and Limitations of Series B Convertible Preferred Stock, the Company’s Certificate of Designation of Preferences, Rights and Limitations of Series C Convertible Preferred Stock and the Warrants. As discussed above, as of March 31, 2018, all shares of Preferred Stock, except 47 shares of Series B Preferred Stock, have been converted to shares of our common stock and 300,000 Warrants had been exercised. The 2018 Inducement Agreement represented an inducement by the Company to convert shares of the Preferred Stock. The conversion price of the Preferred Stock was reduced from $1.04 per share to $0.75 per share and the exercise price of the Warrants was reduced from $1.04 per share to $0.75 per share. The Company calculated the fair value of the additional securities and consideration to be approximately $1.2 million. This amount was recorded as a charge to additional paid-in-capital and as a deemed dividend resulting in a reduction of income available to common shareholders in our basic earnings per share calculation. The $1.2 million is comprised of two components: 1) $1.1 million related to the fair value of the additional common shares issued upon conversion of the Preferred Stock due to the reduced conversion price and 2) $0.1 million in incremental fair value of the Warrants resulting from the reduction of the exercise price. Common Stock Warrants. The following represents a summary of the warrants outstanding as of March 31, 2018:   Issue Year Expiration Underlying Shares Exercise Price Warrants Assumed in Merger  (1) 2014 April 2020 12,487 $120.00  (2) 2015 February 2020 23,826 $67.20  (3) 2015 December 2020 4,081 $49.80  (4) 2016 January 2021 8,952 $36.30  Warrants  (5) 2017 June 2022 45,600 $2.75  (6) 2017 June 2022 91,429 $7.00  (7) 2017 August 2022 2,380,000 $0.75  (8) 2017 August 2022 60,000 $3.125  (9) 2017 August 2022 856,446 $10.00  (10) 2017 August 2022 359,999 $0.75  (11) 2017 October 2022 10,000 $0.75  (12) 2017 May 2023 1,962,857 $0.75  (13) 2018 October 2022 108,112 $7.50  5,923,789 (1) These warrants were issued in connection with a private placement which was completed in October 2014. (2) These warrants were issued in connection with an offering which was completed in February 2015. (3) These warrants were issued in connection with an offering which was completed in July 2015. (4) These warrants were issued in connection with an offering which was completed in January 2016. Of the remaining outstanding warrants as of March 31, 2018, 5,368 warrants are recorded as a liability, See Note 9 – Fair Value for further discussion, and 3,584 are treated as equity. (5) These warrants were issued in connection with the Merger and are the 2017 New Bridge Warrants. (6) These warrants were issued in connection with the Merger and are considered Side Warrants. (7) These warrants were issued in connection with the August 2017 Offering and are the August 2017 Offering Warrants discussed below. (8) These warrants were issued in connection with the August 2017 Offering and are considered Representative Warrants. (9) These warrants were issued in connection with the conversion of our Series A Senior stock, at the time of the closing of the August 2017 Offering, and are the Series A Conversion Warrants discussed above. (10) These warrants were issued in connection with the conversion of convertible bridge notes, at the time of the closing of the August 2017 Offering, and are the Note Conversion Warrants discussed below. (11) These warrants were issued in connection with the waiver of default the Company received in the fourth quarter of 2017 in connection with the Convertible Promissory Notes and are the Convertible Promissory Note Warrants discussed below. (12) These warrants were issued in connection with the Series C Preferred Offering and are the Series C Warrants discussed below. (13) These warrants were issued in connection with the Debt Obligation settlement agreements and are the Creditor Warrants discussed below.  Warrants Assumed in Merger At the time of the Merger, Transgenomic had a number of outstanding warrants related to various financing transactions that occurred between 2013-2016. Details related to year issued, expiration date, amount of underlying common shares and exercise price are included in the table above . During the three months ended March 31, 2018, 23,055 of the warrants assumed in the Merger expired and are no longer outstanding. August 2017 Offering Warrants In connection with the August 2017 Offering, the Company issued 2,680,000 warrants at an exercise price of $3.00 , which contain a down round provision. As a result of the Series C Preferred Offering, the exercise price of the August 2017 Offering Warrants was adjusted to $1.40 per share. During the three months ended March 31, 2018, as a result of 2018 Purchase Agreement, the exercise price of the August 2017 Offering Warrants was adjusted to $1.04 . At the time the exercise price was adjusted, the Company calculated the fair value of the down round provision on the warrants to be approximately $62,000 and recorded this as a deemed dividend. In addition, as a result of the 2018 Inducement Agreement, the exercise price of the August 2017 Offering Warrants was further adjusted to $0.75 as a result of the Exercise Price Reduction discussed above. During the three months ended March 31, 2018, 300,000 of the August 2017 Offering Warrants were exercised for $0.75 per share. Note Conversion Warrants Upon the closing of the August 2017 Offering, the Company issued 359,999 warrants to purchase the Company’s common stock (the “ Note Conversion Warrants ”) . The Note Conversion Warrants have an exercise price of $3.00 per share and contain a down round provision. As a result of the Series C Preferred Offering, the exercise price of the Note Conversion Warrants was adjusted to $1.40 per share. During the three months ended March 31, 2018, as a result of 2018 Purchase Agreement, the exercise price of the Note Conversion Warrants was adjusted to $1.04 . At the time the exercise price was adjusted, the Company calculated the fair value of the down round provision on the warrants to be approximately $8,000 and recorded this as a deemed dividend. In addition, as a result of the 2018 Inducement Agreement, the exercise price of the Note Conversion Warrants was further adjusted to $0.75 . At the time the exercise price was adjusted, the Company calculated the fair value of the down round provision on the warrants to be approximately $5,000 and recorded this as a deemed dividend. Convertible Promissory Note Warrants T he Convertible Promissory Note Warrants ha d an original exercise price of $3.00 per share and contain a down round provision . As a result of the Series C Preferred Offering, the exercise price of the Convertible Promissory Note Warrants was adjusted to $1.40 per share. During the three months ended March 31, 2018, as a result of 2018 Purchase Agreement, the exercise price of the Convertible Promissory Note Warrants was adjusted to $1.04 . At the time the exercise price was adjusted, the Company calculated the fair value of the down round provision on the warrants to be less than $1,000 and recorded this as a deemed dividend. In addition, as a result of the 2018 Inducement Agreement, the exercise price of the Convertible Promissory Note Warrants was further adjusted to $0.75 . At the time the exercise price was adjusted, the Company calculated the fair value of the down round provision on the warrants to be less than $1,000 and recorded this as a deemed dividend. Series C Warrants In connection with the Series C Preferred Offering, the Company issued 1,962,857 warrants at an exercise price of $1.63 , which contain a down round provision. During the three months ended March 31, 2018, as a result of 2018 Purchase Agreement, the exercise price of the Series C Warrants was adjusted to $1.04 . At the time the exercise price was adjusted, the Company calculated the fair value of the down round provision on the warrants to be approximately $58,000 and recorded this as a deemed dividend. In addition, as a result of the 2018 Inducement Agreement, the exercise price of the Series C Warrants was further adjusted to $0.75 as a result of the Exercise Price Reduction discussed above. Creditor Warrants In the fourth quarter of 2017, the Company entered into Settlement Agreements with certain of its accounts payable and accrued liability vendors (the “Creditors”) pursuant to which the Company agreed to issue, to certain of its Creditors, 108,112 warrants to purchase 108,112 shares of the Company’s common stock at an exercise price of $7.50 per share. The warrants were issued in February 2018. See Note 4 – Long -Term Debt. 

FAIR VALUE

FAIR VALUE	3 Months Ended
	Mar. 31, 2018
FAIR VALUE [Abstract]
FAIR VALUE	9 . FAIR VALUE  FASB guidance on fair value measurements, which defines fair value, establishes a framework for measuring fair value and expands disclosures about fair value measurements for our financial assets and liabilities, as well as for other assets and liabilities that are carried at fair value on a recurring basis in our condensed consolidated financial statements. FASB guidance establishes a three-level fair value hierarchy based upon the assumptions (inputs) used to price assets or liabilities. The three levels of inputs used to measure fair value are as follows: Level 1—Unadjusted quoted prices in active markets for identical assets or liabilities; Level 2—Observable inputs other than those included in Level 1, such as quoted prices for similar assets and liabilities in active markets or quoted prices for identical assets or liabilities in inactive markets; and Level 3—Unobservable inputs reflecting our own assumptions and best estimate of what inputs market participants would use in pricing the asset or liability.  Common Stock Warrant Liabilities.  Certain of our issued and outstanding warrants to purchase shares of common stock do not qualify to be treated as equity and, accordingly, are recorded as a liability.  2016 Warrant Liability The Company assumed the 2016 Warrant Liability in the Merger and it represents the fair value of Transgenomic warrants issued in January 2016, of which, 5,368 warrants remain outstanding as of March 31, 201 8 . We are required to record these instruments at fair value at each reporting date and changes are recorded as a non-cash adjustment to earnings. The gains or losses included in earnings are reported in other income (expense) in our condensed consolidated s tatement of o perations. During the three months ended March 31, 2018, a portion of the 2016 Warrant Liability was part of a settlement agreement pursuant to a lawsuit that was filed against the Company by one of the warrant holders. As such, approximately $0.4 million of the warrant liability, representing 20,216 warrants, was canceled on the date of the settlement agreement and replaced by and amounts now recorded as other current liabilities or other long-term liabilities. For further detail, see discussion of the Crede Agreement in Note 5 – Other Current Liabilities. The 2016 Warrant Liability is considered a Level 3 financial instrument and was valued using the Monte Carlo methodology. As of March 31, 2018, a ssumptions and inputs used in the valuation of the common stock warrants include: remaining life to maturity of 2.75 years; annual volatility of 167% ; and a risk-free interest rate of 2.39% . During the three months ended March 31, 2018, the change in the fair value of the liability measured using significant unobservable inputs (Level 3) were comprised of the following:   Dollars in Thousands  For the Three Months Ended  March 31, 2018  Beginning balance at January 1 $ 841  Total gains:  Recognized in earnings (261 )  Deductions – warrant liability settlement (456 )  Balance at March 31 $ 124 

EQUITY INCENTIVE PLAN

EQUITY INCENTIVE PLAN	3 Months Ended
	Mar. 31, 2018
EQUITY INCENTIVE PLAN [Abstract]
EQUITY INCENTIVE PLAN	10. EQUITY INCENTIVE PLAN  The Company's 2006 Equity Incentive Plan (the "2006 Plan") was terminated as to future awards on July 12, 2016. The Company's 2017 Stock Option and Incentive Plan (the "2017 Plan") was adopted by the Company's stockholders on June 5, 2017 and t here were 666,666 shares of common stock reserved for issuance under the 2017 Plan . The 2017 Plan will expire on June 5, 2027 .   Amendment of the 2017 Stock Option and Incentive Plan  On January 31, 2018, at a special meeting of the stockholders of the Company, the stockholders approved an amendment and restatement of the Company’s 2017 Stock Option and Incentive Plan (the “2017 Plan”) to: · increase the aggregate number of shares authorized for issuance under the 2017 Plan by 5,389,500 shares to 6,056,166 shares and cumulatively increased on January 1, 2019 and on each January 1 thereafter by the lesser of the annual increase for such year or 500,000 shares; · increase the maximum number of shares that may be granted in the form of stock options or stock appreciation rights to any one individual in any one calendar year and the maximum number of shares underlying any award intended to qualify as performance-based compensation to any one individual in any performance cycle, in each case to 1,000,000 shares of Common Stock; and · add an “evergreen” provision, pursuant to which the aggregate number of shares authorized for issuance under the 2017 Plan will be automatically increased each year beginning on January 1, 2019 by 5% of the number of shares of Common Stock issued and outstanding on the immediately preceding December 31, or such lesser number of shares determined by the Company’s Board of Directors or Compensation Committee.  Stock Options.  During the three months ended March 31, 2018, the Company granted stock options to employees and directors to purchase up to 3,286,528 shares of common stock at a weighted average exercise price of $0.71 . These awards have vesting periods of one to four years and had a weighted average grant date fair value of $0.65 . The fair value calculation of options granted during the three months ended March 31, 2018 used the follow assumptions: risk free interest rate of 2.63% based on the U.S. Treasury yield in effect at the time of grant; expected life of six years; and volatility of 135% .  The following table summarizes stock option activity under our plans during the three months ended March 31, 2018:   Number of Options Weighted-Average Exercise Price  Outstanding at January 1, 2018 236,484 $ 7.12  Granted 3,286,528 0.71  Forfeited (2,953 ) 110.23  Outstanding at March 31, 2018 3,520,059 $ 1.06  Exercisable at March 31, 2018 42,249 $ 22.75  As of March 31 , 201 8 , there were 2,650,694 options that were vested or expected to vest with an aggregate intrinsic value of zero and a remaining weighted average contractual life of 9.8 years.  For the three months ended March 31 , 201 8 and 201 7 , we recorded compensation expense for all stock awards of $0.1 million and zero , respectively, within operating expense in the accompanying statements of operations . As of March 31, 201 8 , the unrecognized compensation expense related to unvested stock awards was $2.4 million, which is expected to be recognized over a weighted-average period of 3.6 years.

NET SALES SERVICE REVENUE AND A

NET SALES SERVICE REVENUE AND ACCOUNTS RECEIVABLE	3 Months Ended
	Mar. 31, 2018
Net Sales Service Revenue and Accounts Receivable [Abstract]
Net Sales Service Revenue and Accounts Receivable	1 1 . SALES SERVICE REVENUE, NET AND ACCOUNTS RECEIVABLE Adoption of ASC Topic 606, “Revenue from contracts with customers”  On January 1, 2018, the Company adopted ASC 606 that amends the guidance for the recognition of revenue from contracts with customers to transfer goods and services by using the modified-retrospective method applied to any contracts that were not completed as of January 1, 2018. The Company performed a comprehensive review of its existing revenue arrangements following the five-step model:  Step 1: Identification of the contract with the customer. Sub-steps include determining the customer in a contract; Initial contract identification and determine if multiple contracts should be combined and accounted for as a single transaction. Step 2: Identify the performance obligation in the contract. Sub-steps include identifying the promised goods and services in the contract and identifying which performance obligations within the contract are distinct. Step 3: Determine the transaction price. Sub-steps include variable consideration, constraining estimates of variable consideration, the existence of a significant financing component in the contract, noncash consideration and consideration payable to a customer. Step 4: Allocate transaction price. Sub-steps include assessing the amount of consideration to which the Company expects to be entitled in exchange for transferring the promised goods or services to the customer. Step 5: Satisfaction of performance obligations. Sub-steps include ascertaining the point in time when an asset is transferred to the customer and the customer obtains control of the asset upon which time the Company recognizes revenue.  Based on the Company's analysis, there were no changes identified that impacted the amount or timing of revenues recognized under the new guidance as compared to the previous guidance (ASC 605). Additionally, the Company's analysis indicated that there were no changes to how costs to obtain and fulfill our customer contracts would be recognized under the new guidance as compared to the previous guidance. Accordingly, the initial application of the new revenue standard did not result in the recognition of a cumulative effect adjustment to the opening balance of accumulated deficit as of January 1, 2018.  Nature of Contracts and Customers T he Company’s contracts and related performance obligations are similar for its customers and the sales process for all customers start upon the receipt of requisition forms from the customers for patient diagnostic testing and the execution of contracts for biomarker testing and clinical research. Payment terms for the services provided are 30 days, unless separately negotiated.  Diagnostic testing  Control of the laboratory testing services is transferred to the customer at a point in time. As such, the Company recognizes revenue for laboratory testing services at a point in time based on the delivery method (web-portal access or fax) for the patient’s laboratory report, per the contract.  Clinical research grants  Control of the clinical research services are transferred to the customer over time. The Company will recognize revenue utilizing the “effort based” method, measuring its progress toward complete satisfaction of the performance obligation.  Biomarker testing and clinical project services  Control of the biomarker testing and clinical project services are transferred to the customer over time. The Company utilizes an “effort based” method of assessing performance and measures progress towards satisfaction of the performance obligation based upon the delivery of results.  The Company generates revenue from the provision of diagnostic testing provided to patients, biomarker testing provided to bio-pharma customers and clinical research grants funded by both bio-pharma customers and government health programs.  Disaggregation of Revenues by Transaction Type  We operate in one business segment and, therefore, the results of our operations are reported on a consolidated basis for purposes of segment reporting, consistent with internal management reporting. Revenues, net of contractual allowances and adjustments for the three months ended March 31, 2018 and 2017 were as follows (prior-period amounts are not adjusted under the modified-retrospective method of adoption):   (dollars in thousands) Diagnostic Testing Biomarker Testing Total  2018 2017 2018 2017 2018 2017  Medicaid $ 12 $ 12 $ — $ — $ 12 $ 12  Medicare 134 158 — — 134 158  Self-pay 26 20 — — 26 20  Third party payers 131 113 — — 131 113  Contract diagnostics — — 488 — 488 —  Revenues, net of contractual allowances $ 303 $ 303 $ 488 $ — $ 791 $ 303   Revenue from the Medicare and Medicaid programs account for a portion of the Company’s patient diagnostic service revenue. Laws and regulations governing those programs are extremely complex and subject to interpretation. As a result, there is at least a reasonable possibility that recorded estimates will change by a material amount in the near term.  Revenue Recognition  Revenue is recognized when a customer obtains control of promised goods or services, in an amount that reflects the consideration which the entity expects to receive in exchange for those goods or services. To the extent the transaction price includes variable consideration, the Company estimates the amount of variable consideration that should be included in the transaction price using the expected value method based on historical experience. The Company does not typically enter arrangements where multiple contracts can be combined as the terms regarding services are generally found within a single agreement/requisition form. The Company derives its revenues from three types of transactions: diagnostic testing, clinical research grants from state and federal research programs, and other revenues from the Company’s ICP technology and bio-pharma projects encompassing genetic diagnostics.  Deferred revenue  Deferred revenue, or unearned revenue , refers to advance payments for products or services that are to be delivered in the future. The Company records such prepayment of unearned revenue as a liability, as revenue that has not yet been earned, but represents products or services that are owed to a customer. As the product or service is delivered over time, the Company recognizes the appropriate amount of revenue from deferred revenue . For the period ended March 31, 2018 and December 31, 2017, the deferred revenue was $189,000 and $66,000 , respectively .  Contractual Allowances and Adjustments We are reimbursed by payors for services we provide. Payments for services covered by payors average less than billed charges. We monitor revenue and receivables from payors and record an estimated contractual allowance for certain revenue and receivable balances as of the revenue recognition date to properly account for anticipated differences between amounts estimated in our billing system and amounts ultimately reimbursed by payors. Accordingly, the total revenue and receivables reported in our financial statements are recorded at the amounts expected to be received from these payors. For service revenue, the contractual allowance is estimated based on several criteria, including unbilled claims, historical trends based on actual claims paid, current contract and reimbursement terms and changes in customer base and payor/product mix. The billing functions for the remaining portion of our revenue are contracted and fixed fees for specific services and are recorded without an allowance for contractual discounts . The following table presents our revenues initially recognized for each associated payor class during the three months ended March 31, 2018 and 2017.    Gross Revenues Contractual Allowances and adjustments Revenues, net of Contractual Allowances and adjustments  2018 2017 2018 2017 2018 2017  Medicaid $ 15 $ 24 $ (3) $ (12) $ 12 $ 12  Medicare 137 166 (3) (8) 134 158  Self-pay 26 20 — — 26 20  Third party payers 317 295 (186) (182) 131 113  Contract diagnostics 488 — — — 488 —  983 505 (192) (202) 791 303  Other 5 — — — 5 —  $ 988 $ 505 $ (192) $ (202) $ 796 $ 303   Allowance for Doubtful Accounts  The Company provides for a general allowance for collectability of services when recording n et sales. The Company has adopted the policy of recognizing net sales to the extent it expects to collect that amount. Reference FASB 954-605-45-5 and ASU 2011-07, Health Care Entities: Presentation and Disclosure of Patient Service Revenue, Provision for Bad Debt, and the Allowance for Doubtful Accounts. The change in the allowance for doubtful accounts is directly related to the increase in p atient service revenues. The following table presents our reported revenues net of the collection allowance and adjustments for the three months ended March 31, 2018 and 2017.   (dollars in thousands) Revenues, net of Contractual Allowances and adjustments Allowances for doubtful accounts Total  2018 2017 2018 2017 2018 2017  Medicaid $ 12 $ 12 $ (11) $ (2) $ 1 $ 10  Medicare 134 158 (20) (30) 114 128  Self-pay 26 20 — (4) 26 16  Third party payers 131 113 (53) (19) 78 94  Contract diagnostics 488 — — — 488 —  791 303 (84) (55) 707 248  Other 5 — — — 5 —  $ 796 $ 303 $ (84) $ (55) $ 712 $ 248    Costs to Obtain or Fulfill a Customer Contract  Sales commissions are expensed when incurred because the amortization period would have been one year or less. These costs are recorded in operating expenses in the condensed consolidated statements of operations. Shipping and handling costs are comprised of inbound and outbound freight and associated labor. The Company accounts for shipping and handling activities related to contracts with customers as fulfillment costs which are included in cost of sales in the condensed consolidated statements of operations. Accounts Receivable The Company has provided an allowance for potential credit losses, which has been determined based on management’s industry experience. The Company grants credit without collateral to its patients, most of who are insured under third party payer agreements. The following summarizes the mix of receivables:   March 31, 2018 December 31, 2017  Medicaid $ 33 $ 37  Medicare 611 256  Self-pay 102 53  Third party payers 768 1,066  Contract diagnostic services 246 445  Other — —  $ 1,760 1,857  Less allowance for doubtful accounts (1,208 ) (1,127 )  Accounts receivable, net $ 552 $ 730  The following table presents the roll-forward of the allowance for doubtful accounts for the three months ended March 31, 2018.  (dollars in thousands) Allowance for Doubtful Accounts  Balance, January 1, 2018 $ (1,127 ) Collection Allowance:  Medicaid $ (11 )  Medicare (20 )  Third party payers (53 )  Service revenue, net (84 )  Bad debt expense $ 3  Total charges (81 )  Balance, March 31, 2018 $ (1,208 )   

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS	3 Months Ended
	Mar. 31, 2018
Subsequent Events [Abstract]
SUBSEQUENT EVENTS	1 2 . SUBSEQUENT EVENTS  Issuance of Convertible Notes  On April 20 , 2018, the Company entered into a securities purchase agreement with certain investors, pursuant to which the Company will issue up to approximately $3,296,703 in 8% Senior Secured Convertible Promissory Notes with 25% common stock warrant coverage . The initial closing provided the Company with $1,660,000 of gross proceeds for the issuance of Notes with an aggregate principal of $1,809,400 . The Note is payable by the Company on the earlier of (i) the one year anniversary after the initial closing date or (ii) upon the closing of a qualified offering, namely the Company raising gross proceeds of at least $7,000,000 . The obligations under the Note are secured, subject to certain exceptions and other permitted payments by a perfected security interest on the assets of the Company. 

SUMMARY OF SIGNIFICANT ACCOUN18

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policy)	3 Months Ended
	Mar. 31, 2018
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES [Abstract]
Basis of Presentation	Basis of Presentation. The accompanying condensed consolidated financial statements are presented in conformity with GAAP. We have evaluated events occurring subsequent to March 31, 2018 for potential recognition or disclosure in the condensed consolidated financial statements and concluded that, other than what is disclosed within the notes to unaudited condensed consolidated financial statements and in Note 12 - Subsequent Events, there were no other subsequent events that required recognition or disclosure. The condensed consolidated balance sheet as of December 31, 2017 was derived from our audited balance sheet as of that date. There has been no change in the balance sheet from December 31, 2017. The accompanying condensed consolidated financial statements as of and for the three months ended March 31, 2018 and 2017 are unaudited and reflect all adjustments (consisting of only normal recurring adjustments) that are, in the opinion of management, necessary for a fair presentation of the financial position and operating results for the interim periods. These unaudited condensed consolidated financial statements and notes should be read in conjunction with the audited financial statements and notes thereto for the year ended December 31, 2017 contained in our Annual Report Form 10-K, filed with the Securities and Exchange Commission (the “SEC”) on April 13, 2018. The results of operations for the interim periods presented are not necessarily indicative of the results for fiscal year 2018.
Recent Accounting Pronouncements	Recent Accounting Pronouncements. In May 2014, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2014-09, Revenue from Contracts with Customers and has subsequently issued supplemental and/or clarifying ASUs (collectively “ASC 606”). ASC 606 outlines a five-step framework that intends to clarify the principles for recognizing revenue and eliminate industry-specific guidance. In addition, ASC 606 revises current disclosure requirements in an effort to help financial statement users better understand the nature, amount, timing, and uncertainty of revenue that is recognized. ASC 606 may be applied either retrospectively to each prior reporting period presented or use the modified retrospective transition method with the cumulative effect of initial adoption recognized at the date of initial application. We adopted this new standard as of January 1, 2018, by using the modified-retrospective method. An adjustment was not required and a change to the prior revenue recognition process and policy to adopt the new standard was not necessary. See Note 11 – Sales Service Revenue, Net And Accounts Receivable for further details. In February 2016, the FASB issued ASU No. 2016-02, Leases . The new standard amends the recognition of lease assets and lease liabilities by lessees for those leases currently classified as operating leases and amends disclosure requirements associated with leasing arrangements. The new standard is effective for fiscal years and interim periods within those fiscal years beginning after December 15, 2018. Early adoption is permitted. The new standard must be adopted using a modified retrospective transition, and provides for certain practical expedients. Transition will require application of the new guidance at the beginning of the earliest comparative period presented. We are currently assessing the impact that the adoption of this ASU will have on our consolidated financial statements.  In January 2017, FASB issued ASU No. 2017-01, Business Combinations (Topic 805): Clarifying the Definition of a Business. ASU No. 2017-01 adds guidance to assist entities with evaluating whether transactions should be accounted for as acquisitions (or disposals) of assets or businesses. The new guidance is effective for fiscal years beginning after December 15, 2017, and interim periods within those fiscal years. The adoption of ASU No. 2017-01 did not have a material effect on the Company’s financial position and results of operations.  In May 2017, the FASB issued ASU 2017-09 “ Compensation – Stock Compensation (Topic 718): Scope of Modification Accounting”, which provides clarity and reduces both diversity in practice and cost and complexity when applying guidance in Topic 718. This amendment provides guidance about which changes to the terms or conditions of a share-based payment award require an entity to apply modification accounting in Topic 718. The amendments are effective for all entities for annual periods, and interim periods within those periods, beginning after December 15, 2017. The adoption of ASU No. 2017-09 did not have a material effect on the Company’s financial position and results of operations.
Property and Equipment, Net	Property and Equipment, net. Depreciation expense was less than $0.1 million for both the three months March 31, 2018 and 2017. Depreciation expense during each year includes depreciation related to equipment acquired under capital leases.
Goodwill and Intangible Assets	Goodwill and Intangible Assets. As a result of the Merger, the Company recorded goodwill and intangible assets as part of its allocation of the purchase consideration.  Goodwill  Goodwill represents the excess of the purchase price over the fair value of identifiable net assets of the business acquired. Goodwill is tested for impairment annually. We perform this impairment analysis during the fourth quarter of each year or when a significant event occurs that may indicate that the assets might be impaired. During the three months ended March 31, 2018, the Company experienced a decline in its share price and a reduction in its market capitalization, as such the Company determined that an assessment of goodwill should be performed using the qualitative approach. Based on the qualitative assessment, the Company concluded that it was more likely than not that the fair value of the Company was less than its carry value. As part of its analysis, the Company considered triggering events and compared its fair value with its carrying value. The analysis of the fair value of the Company involved using the discounted cash flow model. Based on the analysis, the Company concluded that its carrying value exceeded its fair value and goodwill impairment in the amount of $0.3 million was recorded for the three months ended March 31, 2018.  Intangibles  Amortization expense for intangible assets was $0.3 million and zero during the three months ended March 31, 2018 and 2017, respectively. Amortization expense for intangible assets is expected to be $1.2 million, $1.0 million, $1.0 million, $0.9 million and $0.9 million for each of the years ending December 31, 2018, 2019, 2020, 2021 and 2022, respectively.
Revenue Recognition	Revenue Recognition. Revenue recognition occurs when a customer obtains control of the promised goods and service. Revenue assigned to the goods and services reflects the consideration which the Company expects to receive in exchange for those goods and services.  The Company derives its revenues from Diagnostic Testing - histology, flow cytometry, cytology and molecular testing; Clinical Research from bio-pharma customers, state and federal grant programs; and from Biomarker Testing from bio-pharma customers. All sources of revenue are recorded net of accruals for estimated chargebacks, rebates, cash discounts, other allowances, and returns. Due to differences in the substance of these revenue types, the transactions require, and the Company utilizes, different revenue recognition policies for each. See more detailed information on revenue in Note 11 – Sales Service Revenue, Net And Accounts Receivable.  The Company recognizes revenue utilizing the five-step framework of ASC 606. Control of the laboratory testing services is transferred to the customer at a point in time. As such, the Company recognizes revenue for diagnostic testing at a point in time based on the delivery method (web-portal access or fax) for a patient’s laboratory report. Diagnostic testing service revenue is reported at the estimated net realizable amounts from patients, third-party payors and others for services rendered, including retroactive adjustment under reimbursement agreements with third-party payors. Revenue under third-party payor agreements is subject to audit and retroactive adjustment. Provisions for third-party payor settlements are provided in the period in which the related services are rendered and adjusted in the future periods, as final settlements are determined. For clinical research and biomarker services, the Company utilizes an “effort based” method of assessing performance and measures progress towards satisfaction of the performance obligation based upon the delivery of results per the contract.  When we receive payment in advance, we initially defer the revenue and recognize it when we deliver the service. Deferred net sales included in the balance sheet as deferred revenue was $0.2 million and less than $0.1 million as of March 31, 2018 and December 31, 2017, respectively.  Taxes collected from customers and remitted to government agencies for specific net sales producing transactions are recorded net with no effect on the income statement.
Loss Per Share	Loss Per Share. Basic loss per share is calculated based on the weighted-average number of common shares outstanding during each period. Diluted loss per share includes shares issuable upon exercise of outstanding stock options, warrants or conversion rights that have exercise or conversion prices below the market value of our common stock. Options, warrants and conversion rights pertaining to 9,506,515 and 2,753,814 shares of our common stock have been excluded from the computation of diluted loss per share at March 31, 2018 and 2017, respectively, because the effect is anti-dilutive due to the net loss. The following table summarizes the outstanding securities not included in the computation of diluted net loss per share:   March 31,  2018 2017  Stock options 3,520,059 2,651  Warrants 5,923,789 1,971,058  Preferred stock 62,667 780,105  Total 9,506,515 2,753,814 

SUMMARY OF SIGNIFICANT ACCOUN19

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)	3 Months Ended
	Mar. 31, 2018
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES [Abstract]
Outstanding Securities not Included in the Computation of Diluted Net Loss	The following table summarizes the outstanding securities not included in the computation of diluted net loss per share:   March 31,  2018 2017  Stock options 3,520,059 2,651  Warrants 5,923,789 1,971,058  Preferred stock 62,667 780,105  Total 9,506,515 2,753,814 

REVERSE MERGER (Tables)

REVERSE MERGER (Tables)	3 Months Ended
	Mar. 31, 2018
REVERSE MERGER [Abstract]
Business Acquisition, Pro Forma Information	  The following unaudited pro forma information presents the Company's financial results as if the acquisition of Transgenomic had occurred on January 1, 2017 and combines Transgenomic’s unaudited condensed consolidated statement of operations for the three months ended March 31, 2017 with Precipio’s unaudited condensed statement of operations for the three months ended March 31, 2017:   Dollars in thousands, except per share amounts  For the Three Months Ended March 31,  2018 2017  Net sales $ 712 $ 907  Net loss available to common stockholders (5,953 ) (2,778 )  Loss per common share $ (0.47 ) $ (0.42 ) 

LONG-TERM DEBT (Tables)

LONG-TERM DEBT (Tables)	3 Months Ended
	Mar. 31, 2018
LONG-TERM DEBT [Abstract]
Schedule of debt	Long-term debt consists of the following:    Dollars in Thousands  March 31, 2018 December 31, 2017  Department of Economic and Community Development (DECD) $ 293 $ —  DECD debt issuance costs (30 ) —  Secured debt obligations 3,233 3,233  Financed insurance loan 74 183  Total long-term debt 3,570 3,416  Current portion of long-term debt (676 ) (587 )  Long-term debt, net of current maturities $ 2,894 $ 2,829 

OTHER CURRENT LIABILITIES (Tabl

OTHER CURRENT LIABILITIES (Tables)	3 Months Ended
	Mar. 31, 2018
OTHER CURRENT LIABILITIES [Abstract]
Other current liabilities	Other current liabilities are as follows:  0 (dollars in thousands) March 31, 2018 December 31, 2017  Obligation to issue common shares $ — $ 1,897  Liability for settlement of equity instrument 1,350 1,085  $ 1,350 $ 2,982 

STOCKHOLDERS' EQUITY (Tables)

STOCKHOLDERS' EQUITY (Tables)	3 Months Ended
	Mar. 31, 2018
STOCKHOLDERS' EQUITY [Abstract]
Schedule of stockholders' equity, including warrants and rights	The following represents a summary of the warrants outstanding as of March 31, 2018:   Issue Year Expiration Underlying Shares Exercise Price Warrants Assumed in Merger  (1) 2014 April 2020 12,487 $120.00  (2) 2015 February 2020 23,826 $67.20  (3) 2015 December 2020 4,081 $49.80  (4) 2016 January 2021 8,952 $36.30  Warrants  (5) 2017 June 2022 45,600 $2.75  (6) 2017 June 2022 91,429 $7.00  (7) 2017 August 2022 2,380,000 $0.75  (8) 2017 August 2022 60,000 $3.125  (9) 2017 August 2022 856,446 $10.00  (10) 2017 August 2022 359,999 $0.75  (11) 2017 October 2022 10,000 $0.75  (12) 2017 May 2023 1,962,857 $0.75  (13) 2018 October 2022 108,112 $7.50  5,923,789 (1) These warrants were issued in connection with a private placement which was completed in October 2014. (2) These warrants were issued in connection with an offering which was completed in February 2015. (3) These warrants were issued in connection with an offering which was completed in July 2015. (4) These warrants were issued in connection with an offering which was completed in January 2016. Of the remaining outstanding warrants as of March 31, 2018, 5,368 warrants are recorded as a liability, See Note 9 – Fair Value for further discussion, and 3,584 are treated as equity. (5) These warrants were issued in connection with the Merger and are the 2017 New Bridge Warrants. (6) These warrants were issued in connection with the Merger and are considered Side Warrants. (7) These warrants were issued in connection with the August 2017 Offering and are the August 2017 Offering Warrants discussed below. (8) These warrants were issued in connection with the August 2017 Offering and are considered Representative Warrants. (9) These warrants were issued in connection with the conversion of our Series A Senior stock, at the time of the closing of the August 2017 Offering, and are the Series A Conversion Warrants discussed above. (10) These warrants were issued in connection with the conversion of convertible bridge notes, at the time of the closing of the August 2017 Offering, and are the Note Conversion Warrants discussed below. (11) These warrants were issued in connection with the waiver of default the Company received in the fourth quarter of 2017 in connection with the Convertible Promissory Notes and are the Convertible Promissory Note Warrants discussed below. (12) These warrants were issued in connection with the Series C Preferred Offering and are the Series C Warrants discussed below. (13) These warrants were issued in connection with the Debt Obligation settlement agreements and are the Creditor Warrants discussed below. 

FAIR VALUE (Tables)

FAIR VALUE (Tables)	3 Months Ended
	Mar. 31, 2018
FAIR VALUE [Abstract]
Schedule of Changes in Fair Value of Liability	During the three months ended March 31, 2018, the change in the fair value of the liability measured using significant unobservable inputs (Level 3) were comprised of the following:   Dollars in Thousands  For the Three Months Ended  March 31, 2018  Beginning balance at January 1 $ 841  Total gains:  Recognized in earnings (261 )  Deductions – warrant liability settlement (456 )  Balance at March 31 $ 124 

EQUITY INCENTIVE PLAN (Tables)

EQUITY INCENTIVE PLAN (Tables)	3 Months Ended
	Mar. 31, 2018
EQUITY INCENTIVE PLAN [Abstract]
Summary of stock option activity	The following table summarizes stock option activity under our plans during the three months ended March 31, 2018:   Number of Options Weighted-Average Exercise Price  Outstanding at January 1, 2018 236,484 $ 7.12  Granted 3,286,528 0.71  Forfeited (2,953 ) 110.23  Outstanding at March 31, 2018 3,520,059 $ 1.06  Exercisable at March 31, 2018 42,249 $ 22.75 

NET SALES SERVICE REVENUE AND26

NET SALES SERVICE REVENUE AND ACCOUNTS RECEIVABLE (Tables)	3 Months Ended
	Mar. 31, 2018
Net Sales Service Revenue and Accounts Receivable [Abstract]
Schedule of Net Revenues	Revenues, net of contractual allowances and adjustments for the three months ended March 31, 2018 and 2017 were as follows (prior-period amounts are not adjusted under the modified-retrospective method of adoption):   (dollars in thousands) Diagnostic Testing Biomarker Testing Total  2018 2017 2018 2017 2018 2017  Medicaid $ 12 $ 12 $ — $ — $ 12 $ 12  Medicare 134 158 — — 134 158  Self-pay 26 20 — — 26 20  Third party payers 131 113 — — 131 113  Contract diagnostics — — 488 — 488 —  Revenues, net of contractual allowances $ 303 $ 303 $ 488 $ — $ 791 $ 303  
Schedule of Gross to Net Sales Adjustments	The following table presents our revenues initially recognized for each associated payor class during the three months ended March 31, 2018 and 2017.    Gross Revenues Contractual Allowances and adjustments Revenues, net of Contractual Allowances and adjustments  2018 2017 2018 2017 2018 2017  Medicaid $ 15 $ 24 $ (3) $ (12) $ 12 $ 12  Medicare 137 166 (3) (8) 134 158  Self-pay 26 20 — — 26 20  Third party payers 317 295 (186) (182) 131 113  Contract diagnostics 488 — — — 488 —  983 505 (192) (202) 791 303  Other 5 — — — 5 —  $ 988 $ 505 $ (192) $ (202) $ 796 $ 303  
Schedule of Reported Revenues Net of Collection Allowance	The following table presents our reported revenues net of the collection allowance and adjustments for the three months ended March 31, 2018 and 2017.   (dollars in thousands) Revenues, net of Contractual Allowances and adjustments Allowances for doubtful accounts Total  2018 2017 2018 2017 2018 2017  Medicaid $ 12 $ 12 $ (11) $ (2) $ 1 $ 10  Medicare 134 158 (20) (30) 114 128  Self-pay 26 20 — (4) 26 16  Third party payers 131 113 (53) (19) 78 94  Contract diagnostics 488 — — — 488 —  791 303 (84) (55) 707 248  Other 5 — — — 5 —  $ 796 $ 303 $ (84) $ (55) $ 712 $ 248  
Schedule of Receivables	The following summarizes the mix of receivables:   March 31, 2018 December 31, 2017  Medicaid $ 33 $ 37  Medicare 611 256  Self-pay 102 53  Third party payers 768 1,066  Contract diagnostic services 246 445  Other — —  $ 1,760 1,857  Less allowance for doubtful accounts (1,208 ) (1,127 )  Accounts receivable, net $ 552 $ 730 
Schedule of Allowance for Doubtful Accounts	The following table presents the roll-forward of the allowance for doubtful accounts for the three months ended March 31, 2018.  (dollars in thousands) Allowance for Doubtful Accounts  Balance, January 1, 2018 $ (1,127 ) Collection Allowance:  Medicaid $ (11 )  Medicare (20 )  Third party payers (53 )  Service revenue, net (84 )  Bad debt expense $ 3  Total charges (81 )  Balance, March 31, 2018 $ (1,208 )  

BUSINESS DESCRIPTION (Narrative

BUSINESS DESCRIPTION (Narrative) (Details)	Apr. 20, 2018USD ($)	Feb. 09, 2018USD ($)	Jun. 29, 2017	Mar. 31, 2018USD ($)	Mar. 31, 2017USD ($)
Business Acquisition [Line Items]
Accumulated Net Income (Loss)				$ (2,400,000)
Working deficiency				(7,500,000)
Net cash used in operating activities				(1,145,000)	$ (326,000)
Proceeds from issuance of common stock				$ 618,000
Securities Purchase Agreement [Member] | Subsequent Events | Senior Secured Convertible Promissory Notes [Member]
Business Acquisition [Line Items]
Debt instrument, term	1 year
Debt instrument, face amount	$ 3,296,703.30
Interest rate (as a percent)	8.00%
Common stock warrant coverage	1
Transgenomics
Business Acquisition [Line Items]
Merger transaction, effective date			Jun. 29, 2017
Merger transaction, agrement date			Oct. 12, 2016
Merger transaction, name of acquired entity			Precipio Diagnostics, LLC, a privately held Delaware limited liability company
Merger transaction, pre-reverse stock split exchange ratio			10.2502
Leviston Resources LLC [Member]
Business Acquisition [Line Items]
Equity purchase agreement		$ 8,000,000
Company stock percentage of market rate		97.25%

SUMMARY OF SIGNIFICANT ACCOUN28

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Narrative) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017	Dec. 31, 2017
Finite-Lived Intangible Assets [Line Items]
Impairment of goodwill	$ 294
Other current assets	209		$ 430
Depreciation expense	100	$ 100
Amortization expense for intangible assets	300
Amortization expense, next twelve months	1,200
Amortization expense, 2019	1,000
Amortization expense, 2020	1,000
Amortization expense, 2021	900
Amortization expense, 2022	900
Deferred revenue	$ 189		$ 66

SUMMARY OF SIGNIFICANT ACCOUN29

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Outstanding Securities not Included in the Computation of Diluted Net Loss) (Details) - shares	3 Months Ended		12 Months Ended
	Mar. 31, 2018	Mar. 31, 2017	Dec. 31, 2017
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Securities not included in the computation of diluted net loss per share	9,506,515	2,753,814	2,753,814
Employee Stock Option
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Securities not included in the computation of diluted net loss per share	3,520,059	2,651
Warrants [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Securities not included in the computation of diluted net loss per share	5,923,789	1,971,058
Preferred Stock
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Securities not included in the computation of diluted net loss per share	62,667	780,105

REVERSE MERGER (Pro-forma Discl

REVERSE MERGER (Pro-forma Disclosures) (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		12 Months Ended
	Mar. 31, 2018	Mar. 31, 2017	Dec. 31, 2017
Business Acquisition [Line Items]
Net sales	$ 712		$ 907
Net loss available to common stockholders	$ (5,953)		$ (2,778)
Loss per common share (in dollars per share)	$ (0.47)		$ (0.42)
Transgenomics
Business Acquisition [Line Items]
Net sales	$ 712	$ 907
Net loss available to common stockholders	$ (5,953)	$ (2,778)
Loss per common share (in dollars per share)	$ (0.47)	$ (0.42)

LONG-TERM DEBT (Schedule of Deb

LONG-TERM DEBT (Schedule of Debt) (Details) - USD ($) $ in Thousands	Mar. 31, 2018	Dec. 31, 2017
Debt Instrument [Line Items]
Total debt	$ 3,570	$ 3,416
Current portion of long-term debt	(676)	(587)
Long-term debt, net of current maturities	2,894	2,829
Department of Economic and Community Development (DECD)
Debt Instrument [Line Items]
Total debt	293
Debt issuance cost	(30)
Financed Insurance Loan [Member]
Debt Instrument [Line Items]
Total debt	74	183
Secured Debt [Member]
Debt Instrument [Line Items]
Total debt	$ 3,233	$ 3,233

LONG-TERM DEBT (Department of E

LONG-TERM DEBT (Department of Economic and Community Development) (Details) - USD ($)	Jan. 08, 2018	Mar. 31, 2018	Mar. 31, 2017	Dec. 31, 2017
Debt Instrument [Line Items]
Proceeds from long-term debt		$ 300,000	$ 265,000
Total debt		3,570,000		$ 3,416,000
Department of Economic and Community Development (DECD)
Debt Instrument [Line Items]
Gross proceeds from grant received and loan	$ 400,000
Proceeds from grant	100,000
Total debt		293,000
Term loan | Department of Economic and Community Development (DECD)
Debt Instrument [Line Items]
Proceeds from long-term debt	300,000
Debt issuance costs, net	$ 31,000	30,000
Amortization of debt issuance cost		$ 1,000

LONG-TERM DEBT (Secured Debt Ob

LONG-TERM DEBT (Secured Debt Obligations) (Details) - USD ($) $ / shares in Units, $ in Thousands	1 Months Ended	3 Months Ended	12 Months Ended
	Feb. 28, 2018	Mar. 31, 2018	Dec. 31, 2017
Debt Instrument [Line Items]
Total debt		$ 3,570	$ 3,416
Class of warrant, number of securities called by warrants		5,923,789
Warrants, exercise price per share		$ 0.75
Creditor Warrants Relating to Secured Debt [Member]
Debt Instrument [Line Items]
Class of warrant, number of securities called by warrants	108,112
Warrants, exercise price per share	$ 7.50
Settlement Agreements [Member]
Debt Instrument [Line Items]
Total debt			3,200
Warrants and rights outstanding			1,900
Settlement Agreements [Member] | Creditor Warrants Relating to Secured Debt [Member]
Debt Instrument [Line Items]
Class of warrant, number of securities called by warrants	108,112
Warrants, exercise price per share	$ 7.50
Secured Debt [Member]
Debt Instrument [Line Items]
Total debt		$ 3,233	3,233
Debt Restructured			6,300
Secured Debt [Member] | Settlement Agreements [Member]
Debt Instrument [Line Items]
Total debt			3,200
Accrued interest			600
Debt instrument, term		48 months
Date of first required payment		Jul. 1, 2018
Extinguishment of debt, amount			$ 1,900
New shares issued (in shares)	1,814,754
Share Price	$ 1.04

LONG-TERM DEBT (Financed Insura

LONG-TERM DEBT (Financed Insurance Loan ) (Details) - USD ($)	3 Months Ended
	Mar. 31, 2018	Dec. 31, 2017	Jul. 31, 2017
Debt Instrument [Line Items]
Total debt	$ 3,570,000	$ 3,416,000
Financed Insurance Loan [Member]
Debt Instrument [Line Items]
Debt instrument, face amount			$ 400,000
Interest rate (as a percent)			4.99%
Debt instrument, maturity date	Mar. 31, 2018
Total debt	$ 74,000	$ 183,000

OTHER CURRENT LIABILITIES (Narr

OTHER CURRENT LIABILITIES (Narrative) (Details) - USD ($) $ in Thousands	Mar. 12, 2018	Mar. 31, 2018	Feb. 12, 2018	Dec. 31, 2017
Gain in warrant revaluation		$ 200
Gain (loss) on settlement of equity instrments		141
Crede [Member]
Liability For Settlement Common Shares Issued			1,814,754
Liability For Settlement Fair Value Of Common Shares Issued			$ 1,900
Loss Contingency, Damages Sought, Value		2,200
Settlement liablity		1,300		$ 1,100
Warrants, fair value	$ 400
Liability For Settlement Of Common Stock Warrant Liability				$ 600
Gain (loss) on settlement of equity instrments		$ (400)
Settled Litigation [Member] | Crede [Member]
Litigation Settlement, Amount Awarded to Other Party	$ 1,925
Liability For Settlement Payment Period		16 months
Damages paid		$ 200
Settlement payable		$ 400
Maturity date		May 1, 2019
2016 Warrant Liability
(Decrease) in warrant liability		$ (400)

OTHER CURRENT LIABILITIES (Othe

OTHER CURRENT LIABILITIES (Other Current Liabilities) (Details) - USD ($) $ in Thousands	Mar. 31, 2018	Dec. 31, 2017
OTHER CURRENT LIABILITIES [Abstract]
Obigation To Issue Common Shares		$ 1,897
Liability For Settlement Of Equity Instrument	$ 1,350	1,085
Other Liabilities, Current, Total	$ 1,350	$ 2,982

CONTINGENCIES (Narrative) (Deta

CONTINGENCIES (Narrative) (Details) - USD ($)	Mar. 21, 2018	Dec. 31, 2017	Dec. 31, 2016	Mar. 31, 2018
Loss Contingencies [Line Items]
Class of Warrant or Right, Exercise Price of Warrants or Rights				$ 0.75
Mount Sinai
Loss Contingencies [Line Items]
Loss contingency, damages sought			$ 700,000
Debt Instrument, Interest Rate, Stated Percentage		10.00%
Secured Debt		$ 500,000		$ 500,000
Debt Instrument, Periodic Payment		$ 9,472
Class of Warrant or Right, Outstanding		24,900
Class of Warrant or Right, Exercise Price of Warrants or Rights		$ 7.50
Class of Warrant or Right, Term		5 years
XIFIN, Inc.
Loss Contingencies [Line Items]
Loss contingency, damages sought		$ 270,000
Loss contingency accrual		200,000		100,000
CPA Global
Loss Contingencies [Line Items]
Loss contingency, damages sought		200,000
Loss contingency accrual		100,000		100,000
Bio-Rad Laboratories [Member]
Loss Contingencies [Line Items]
Loss contingency accrual		$ 100,000		$ 100,000
Litigation settlement in favor of other party, amount	$ 39,000

INCOME TAXES (Narrative) (Detai

INCOME TAXES (Narrative) (Details) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Mar. 31, 2018	Dec. 31, 2017
INCOME TAXES [Abstract]
Income tax expense	$ 0
Income tax, interest and penalites	$ 0	$ 0

STOCKHOLDERS' EQUITY (Common St

STOCKHOLDERS' EQUITY (Common Stock) (Details) - USD ($)	Feb. 09, 2018	Jul. 31, 2017	Mar. 31, 2018	Dec. 31, 2017
Class of Stock [Line Items]
Common stock, shares authorized (in shares)			150,000,000	150,000,000
Debt converted			$ 1,897,000
Proceeds from exercise of warrants			225,000
Leviston Resources LLC [Member]
Class of Stock [Line Items]
Issuance costs	$ 6,000		$ 136,000
Common Stock
Class of Stock [Line Items]
Number of shares converted from debt instrument (in shares)			300,000
Common Stock | Bridge Loan
Class of Stock [Line Items]
Number of shares converted from debt instrument (in shares)		359,999
Series B Preferred Stock [Member]
Class of Stock [Line Items]
Common stock issued on conversion of preferred shares			3,120,000
Series C Preferred Stock
Class of Stock [Line Items]
Common stock issued on conversion of preferred shares			3,345,334
Number of shares converted (in shares)			2,548
Stock Not Issued, Shares			60,000

STOCKHOLDERS' EQUITY (Series A

STOCKHOLDERS' EQUITY (Series A and Series B Preferred Stock) (Details) - shares	Mar. 31, 2018	Dec. 31, 2017
Equity [Abstract]
Preferred stock, shares outstanding (in shares)	47	4,935

STOCKHOLDERS' EQUITY (Preferred

STOCKHOLDERS' EQUITY (Preferred Stock) (Details) - shares	Mar. 31, 2018	Dec. 31, 2017
STOCKHOLDERS' EQUITY [Abstract]
Preferred stock, shares authorized (in shares)	15,000,000	15,000,000

STOCKHOLDERS' EQUITY (Preferr42

STOCKHOLDERS' EQUITY (Preferred Stock Induced Conversions) (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended
	Mar. 31, 2018	Dec. 31, 2017
Class of Stock [Line Items]
Preferred stock, shares authorized (in shares)	15,000,000	15,000,000
Preferred stock, par value (in dollars per share)	$ 0.01	$ 0.01
Other current liabilities canceled in exchange for common shares	$ 1,897
Warrants exercised	300,000
Preferred stock, shares outstanding (in shares)	47	4,935
Preferred stock, shares issued (in shares)	47	4,935
Inducement Agreement 2018 [Member] | Warrants After Conversion Price Reduction [Member]
Class of Stock [Line Items]
Warrants, fair value	$ 100
Preferred Stock
Class of Stock [Line Items]
Shares not converted	47
Preferred Stock | Inducement Agreement 2018 [Member]
Class of Stock [Line Items]
Conversion price (in dollars per share)	$ 0.75	$ 1.04
Shares converted, value	$ 1,100
Warrants, fair value	$ 1,200
Common Stock
Class of Stock [Line Items]
Number of shares converted from debt instrument (in shares)	300,000

STOCKHOLDERS' EQUITY (Series B

STOCKHOLDERS' EQUITY (Series B Preferred Stock) (Details) - USD ($)	1 Months Ended	3 Months Ended
	Aug. 31, 2017	Mar. 31, 2018	Dec. 31, 2017	Nov. 30, 2017	Oct. 31, 2017	Aug. 25, 2017
Class of Stock [Line Items]
Preferred stock, par value (in dollars per share)		$ 0.01	$ 0.01
Exercise price (in dollars per share)		$ 0.75
Preferred stock, shares authorized (in shares)		15,000,000	15,000,000
Preferred stock, shares outstanding (in shares)		47	4,935
Preferred stock, shares issued (in shares)		47	4,935
Aegis
Class of Stock [Line Items]
Preferred stock, par value (in dollars per share)	$ 0.01
Share price (in dollars per share)	$ 1,000
Stock rights issued (in shares)	280,000
Warrant unit value (per unit)	$ 2,800
Offering Warrants
Class of Stock [Line Items]
Stock rights issued (in shares)	2,680,000
Exercise price (in dollars per share)	$ 3	$ 1.04		$ 1.40
Preferred Class B
Class of Stock [Line Items]
Preferred stock, par value (in dollars per share)						$ 0.01
Shares callable by warrant (in shares)	400
Conversion price (in dollars per share)	$ 2.50			$ 1.40	$ 2.50
Number of shares converted (in shares)		2,340
Common stock issued on conversion of preferred shares		3,120,000
Preferred stock, shares authorized (in shares)		6,900				6,900
Preferred stock, shares outstanding (in shares)		47
Preferred stock, shares issued (in shares)		47
Preferred stock, liquidation preference per share						$ 1,000
Public Stock Offering | Preferred Class B
Class of Stock [Line Items]
Shares sold in offering (in shares)	6,000
Purchase Agreement 2018 [Member] | Preferred Class B
Class of Stock [Line Items]
Conversion price (in dollars per share)		$ 1.04	$ 1.40
Beneficial conversion feature		$ 1,400,000
Inducement Agreement 2018 [Member] | Preferred Class B
Class of Stock [Line Items]
Conversion price (in dollars per share)		$ 0.75	$ 1.04
Beneficial conversion feature		$ 40,000,000

STOCKHOLDERS' EQUITY (Series C

STOCKHOLDERS' EQUITY (Series C Preferred Stock) (Details) - USD ($)	Nov. 02, 2017	Aug. 31, 2017	Mar. 31, 2018	Dec. 31, 2017	Nov. 30, 2017	Nov. 06, 2017
Class of Stock [Line Items]
Preferred stock, par value (in dollars per share)			$ 0.01	$ 0.01
Exercise price (in dollars per share)			$ 0.75
Preferred stock, shares authorized (in shares)			15,000,000	15,000,000
Preferred stock, shares outstanding (in shares)			47	4,935
Preferred stock, shares issued (in shares)			47	4,935
Offering Warrants
Class of Stock [Line Items]
Stock rights issued (in shares)		2,680,000
Exercise price (in dollars per share)		$ 3	$ 1.04		$ 1.40
Series C Preferred Stock
Class of Stock [Line Items]
Preferred stock, par value (in dollars per share)						$ 0.01
Warrants outstanding (in shares)					1,962,857
Exercise price (in dollars per share)					$ 1.63
Warrant unit value (per unit)					$ 1,000
Number of shares converted (in shares)			2,548
Preferred stock, shares authorized (in shares)			2,748			2,748
Preferred stock, shares outstanding (in shares)			0
Preferred stock, shares issued (in shares)			0
Preferred Stock, Liquidation Preference Per Share						$ 1,000
Common stock issued on conversion of preferred shares			3,345,334
Placement Agreement [Member] | Series C Preferred Stock
Class of Stock [Line Items]
Shares sold in offering (in shares)	2,748
Purchase Agreement 2018 [Member] | Series C Preferred Stock
Class of Stock [Line Items]
Conversion price (in dollars per share)			$ 1.04
Beneficial conversion feature			$ 800,000

STOCKHOLDERS' EQUITY (Common 45

STOCKHOLDERS' EQUITY (Common Stock Warrants) (Details) - USD ($)	3 Months Ended
	Mar. 31, 2018	Dec. 31, 2017
STOCKHOLDERS' EQUITY [Abstract]
Warrants expired in period	23,055
Preferred stock issued, value

STOCKHOLDERS' EQUITY (Offering

STOCKHOLDERS' EQUITY (Offering Warrants) (Details) - USD ($) $ / shares in Units, $ in Thousands	1 Months Ended	3 Months Ended
	Aug. 31, 2017	Mar. 31, 2018	Nov. 30, 2017
Class of Stock [Line Items]
Exercise price (in dollars per share)		$ 0.75
Warrants exercised		300,000
Offering Warrants
Class of Stock [Line Items]
Stock rights issued (in shares)	2,680,000
Exercise price (in dollars per share)	$ 3	$ 1.04	$ 1.40
Deemed dividend		$ 62

STOCKHOLDERS' EQUITY (Note Conv

STOCKHOLDERS' EQUITY (Note Conversion Warrants) (Details) - USD ($)	1 Months Ended	3 Months Ended
	Jul. 31, 2017	Mar. 31, 2018	Dec. 31, 2017	Aug. 31, 2017
Class of Stock [Line Items]
Exercise price (in dollars per share)		$ 0.75
Common Stock
Class of Stock [Line Items]
Conversion of debt into stock (in shares)		300,000
Bridge Loan | Inducement Agreement 2018 [Member]
Class of Stock [Line Items]
Deemed dividend		$ 5,000
Bridge Loan | Purchase Agreement 2018 [Member]
Class of Stock [Line Items]
Deemed dividend		$ 8,000
Bridge Loan | Common Stock
Class of Stock [Line Items]
Conversion of debt into stock (in shares)	359,999
Exercise price (in dollars per share)			$ 1.40	$ 3
Bridge Loan | Common Stock | Inducement Agreement 2018 [Member]
Class of Stock [Line Items]
Exercise price (in dollars per share)		$ 0.75
Bridge Loan | Common Stock | Purchase Agreement 2018 [Member]
Class of Stock [Line Items]
Exercise price (in dollars per share)		$ 1.04

STOCKHOLDERS' EQUITY (Convertib

STOCKHOLDERS' EQUITY (Convertible Promissory Note Warrants) (Details) - USD ($)	3 Months Ended
	Mar. 31, 2018	Dec. 31, 2017	Aug. 31, 2017
Class of Stock [Line Items]
Exercise price (in dollars per share)	$ 0.75
Convertible Promissory Note Warrants [Member]
Class of Stock [Line Items]
Exercise price (in dollars per share)		$ 1.40	$ 3
Inducement Agreement 2018 [Member] | Convertible Promissory Note Warrants [Member]
Class of Stock [Line Items]
Exercise price (in dollars per share)	$ 0.75
Deemed dividend	$ 1,000
Purchase Agreement 2018 [Member] | Convertible Promissory Note Warrants [Member]
Class of Stock [Line Items]
Exercise price (in dollars per share)	$ 1.04
Deemed dividend	$ 1,000

STOCKHOLDERS' EQUITY (Series 49

STOCKHOLDERS' EQUITY (Series C Warrants) (Details) - USD ($)	3 Months Ended
	Mar. 31, 2018	Nov. 30, 2017
Class of Stock [Line Items]
Underlying shares (in shares)	5,923,789
Exercise price (in dollars per share)	$ 0.75
Series C Warrants [Member]
Class of Stock [Line Items]
Underlying shares (in shares)		1,962,857
Exercise price (in dollars per share)		$ 1.63
Purchase Agreement 2018 [Member] | Series C Warrants [Member]
Class of Stock [Line Items]
Exercise price (in dollars per share)	$ 1.04
Deemed dividend	$ 58,000

STOCKHOLDERS' EQUITY (Creditor

STOCKHOLDERS' EQUITY (Creditor Warrants) (Details) - $ / shares	Mar. 31, 2018	Feb. 28, 2018
Class of warrant, number of securities called by warrants	5,923,789
Warrants, exercise price per share	$ 0.75
Creditor Warrants Relating to Secured Debt [Member]
Class of warrant, number of securities called by warrants		108,112
Warrants, exercise price per share		$ 7.50

STOCKHOLDERS' EQUITY (Schedule

STOCKHOLDERS' EQUITY (Schedule of Warrants) (Details)	Mar. 31, 2018$ / sharesshares
Class of Stock [Line Items]
Underlying shares (in shares) | shares	5,923,789
Exercise price (in dollars per share) | $ / shares	$ 0.75
Warrants Assumed in Merger, Expiring April 2020 [Member]
Class of Stock [Line Items]
Underlying shares (in shares) | shares	12,487
Exercise price (in dollars per share) | $ / shares	$ 120
Warrants Assumed in Merger, Expiring February 2020[Member]
Class of Stock [Line Items]
Underlying shares (in shares) | shares	23,826
Exercise price (in dollars per share) | $ / shares	$ 67.20
Warrants Assumed in Merger, Expiring December 2020 [Member]
Class of Stock [Line Items]
Underlying shares (in shares) | shares	4,081
Exercise price (in dollars per share) | $ / shares	$ 49.80
Warrants Assumed in Merger, Expiring January 2021, Group B [Member]
Class of Stock [Line Items]
Underlying shares (in shares) | shares	8,952
Exercise price (in dollars per share) | $ / shares	$ 36.30
Warrants Not Assumed in Merger, Expiring June 2022, Group A [Member]
Class of Stock [Line Items]
Underlying shares (in shares) | shares	45,600
Exercise price (in dollars per share) | $ / shares	$ 2.75
Warrants Not Assumed in Merger, Expiring June 2022, Group B [Member]
Class of Stock [Line Items]
Underlying shares (in shares) | shares	91,429
Exercise price (in dollars per share) | $ / shares	$ 7
Warrants Not Assumed in Merger, Expiring August 2022, Group A [Member]
Class of Stock [Line Items]
Underlying shares (in shares) | shares	2,380,000
Exercise price (in dollars per share) | $ / shares	$ 0.75
Warrants Not Assumed in Merger, Expiring August 2022, Group B [Member]
Class of Stock [Line Items]
Underlying shares (in shares) | shares	60,000
Exercise price (in dollars per share) | $ / shares	$ 3.125
Warrants Not Assumed in Merger, Expiring August 2022, Group C [Member]
Class of Stock [Line Items]
Underlying shares (in shares) | shares	856,446
Exercise price (in dollars per share) | $ / shares	$ 10
Warrants Not Assumed in Merger, Expiring August 2022, Group D [Member]
Class of Stock [Line Items]
Underlying shares (in shares) | shares	359,999
Exercise price (in dollars per share) | $ / shares	$ 0.75
Warrants Not Assumed in Merger, Expiring October 2022 Group A [Member]
Class of Stock [Line Items]
Underlying shares (in shares) | shares	10,000
Exercise price (in dollars per share) | $ / shares	$ 0.75
Warrants Not Assumed in Merger, Expiring May 2023 [Member]
Class of Stock [Line Items]
Underlying shares (in shares) | shares	1,962,857
Exercise price (in dollars per share) | $ / shares	$ 0.75
Warrants Not Assumed in Merger, Expiring October 2022 Group B [Member]
Class of Stock [Line Items]
Underlying shares (in shares) | shares	108,112
Exercise price (in dollars per share) | $ / shares	$ 7.50

FAIR VALUE (Narratives) (Detail

FAIR VALUE (Narratives) (Details) - 2016 Warrant Liability $ in Thousands	3 Months Ended
	Mar. 31, 2018USD ($)shares
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Warrants outstanding (in shares) | shares	5,368
(Decrease) in warrant liability | $	$ (400)
Warrants canceled in settlement agreement | shares	20,216
Debt settlment | $	$ 456
Expected term	2 years 9 months
Volatility (as a percent)	167.00%
Risk-free interest rate (as a percent)	2.39%

FAIR VALUE (Schedule of Changes

FAIR VALUE (Schedule of Changes in Fair Value of Liability) (Details) - 2016 Warrant Liability $ in Thousands	3 Months Ended
	Mar. 31, 2018USD ($)
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Beginning balance	$ 841
Total (gains) or losses:
Recognized in earnings	(261)
Deductions - warrant liability settlement	(456)
Balance at end of period	$ 124

EQUITY INCENTIVE PLAN (Narrativ

EQUITY INCENTIVE PLAN (Narrative) (Details) - USD ($)	1 Months Ended	3 Months Ended
	Jan. 31, 2018	Mar. 31, 2018	Mar. 31, 2017
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation		$ 100,000	$ 0
Number of additional shares authorized	5,389,500
Number of shares authorized	6,056,166
Number of additional annual shares authorized	500,000
Maximum number of shares per employee	1,000,000
Award plan, percentage of outstanding stock maximum	5.00%
Unrecognized compensation expense related to unvested stock awards		$ 2,400,000
Unvested stock options, unrecognized compensation expense weighted average recognition period		3 years 7 months 6 days
Employee Stock Option
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock options, expected to vest, outstanding (in shares)		2,650,694
Stock options, expected to vest, outstanding, aggregate intrinsic value		$ 0
Stock options, expected to vest remaining contractual term		9 years 9 months 18 days
Weighted average grant date fair value (in dollars per share)		$ 0.65
Risk free interest rate, minimum		2.63%
Volatility rate		135.00%
Term		6 years
Equity Incentive Plan 2017 [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Plan expiration date		Jun. 5, 2027
Equity Incentive Plan 2017 [Member] | Employee Stock Option
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares available for issuance		666,666
Minimum | Employee Stock Option
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock options, unvested options, vesting period		1 year
Maximum | Employee Stock Option
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock options, unvested options, vesting period		4 years

EQUITY INCENTIVE PLAN (Summary

EQUITY INCENTIVE PLAN (Summary of Stock Option Activity) (Details) - Employee Stock Option	3 Months Ended
	Mar. 31, 2018$ / sharesshares
Number of Options
Outstanding at beginning of period (in shares) | shares	236,484
Granted (in shares) | shares	3,286,528
Forfeited (in shares) | shares	(2,953)
Outstanding at end of period (in shares) | shares	3,520,059
Exercisable at end of period (in shares) | shares	42,249
Weighted-Average Exercise Price
Outstanding at beginning of period (in dollars per share) | $ / shares	$ 7.12
Granted (in dollars per share) | $ / shares	0.71
Forfeited (in dollars per share) | $ / shares	110.23
Outstanding at end of period (in dollars per share) | $ / shares	1.06
Exercisable at end of period (in dollars per share) | $ / shares	$ 22.75

NET SALES SERVICE REVENUE AND56

NET SALES SERVICE REVENUE AND ACCOUNTS RECEIVABLE (Narrative) (Details) - USD ($) $ in Thousands	Mar. 31, 2018	Dec. 31, 2017
Net Sales Service Revenue and Accounts Receivable [Abstract]
Deferred revenue	$ 189	$ 66

NET SALES SERVICE REVENUE AND57

NET SALES SERVICE REVENUE AND ACCOUNTS RECEIVABLE (Schedule of Net Revenues) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Disaggregation of Revenue [Line Items]
Revenues, net of contractual allowances and adjustments	$ 791	$ 303
Diagnostic Testing [Member]
Disaggregation of Revenue [Line Items]
Revenues, net of contractual allowances and adjustments	303	303
Biomarker Testing and Clinical Project Services [Member]
Disaggregation of Revenue [Line Items]
Revenues, net of contractual allowances and adjustments	488
Medicaid [Member]
Disaggregation of Revenue [Line Items]
Revenues, net of contractual allowances and adjustments	12	12
Medicaid [Member] | Diagnostic Testing [Member]
Disaggregation of Revenue [Line Items]
Revenues, net of contractual allowances and adjustments	12	12
Medicaid [Member] | Biomarker Testing and Clinical Project Services [Member]
Disaggregation of Revenue [Line Items]
Revenues, net of contractual allowances and adjustments
Medicare [Member]
Disaggregation of Revenue [Line Items]
Revenues, net of contractual allowances and adjustments	134	158
Medicare [Member] | Diagnostic Testing [Member]
Disaggregation of Revenue [Line Items]
Revenues, net of contractual allowances and adjustments	134	158
Medicare [Member] | Biomarker Testing and Clinical Project Services [Member]
Disaggregation of Revenue [Line Items]
Revenues, net of contractual allowances and adjustments
Self-Pay [Member]
Disaggregation of Revenue [Line Items]
Revenues, net of contractual allowances and adjustments	26	20
Self-Pay [Member] | Diagnostic Testing [Member]
Disaggregation of Revenue [Line Items]
Revenues, net of contractual allowances and adjustments	26	20
Self-Pay [Member] | Biomarker Testing and Clinical Project Services [Member]
Disaggregation of Revenue [Line Items]
Revenues, net of contractual allowances and adjustments
Third-Party Payor [Member]
Disaggregation of Revenue [Line Items]
Revenues, net of contractual allowances and adjustments	131	113
Third-Party Payor [Member] | Diagnostic Testing [Member]
Disaggregation of Revenue [Line Items]
Revenues, net of contractual allowances and adjustments	131	113
Third-Party Payor [Member] | Biomarker Testing and Clinical Project Services [Member]
Disaggregation of Revenue [Line Items]
Revenues, net of contractual allowances and adjustments
Contract Diagnostic Services [Member]
Disaggregation of Revenue [Line Items]
Revenues, net of contractual allowances and adjustments	488
Contract Diagnostic Services [Member] | Diagnostic Testing [Member]
Disaggregation of Revenue [Line Items]
Revenues, net of contractual allowances and adjustments
Contract Diagnostic Services [Member] | Biomarker Testing and Clinical Project Services [Member]
Disaggregation of Revenue [Line Items]
Revenues, net of contractual allowances and adjustments	$ 488

NET SALES SERVICE REVENUE AND58

NET SALES SERVICE REVENUE AND ACCOUNTS RECEIVABLE (Schedule of Gross to Net Sales Adjustments) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Disaggregation of Revenue [Line Items]
Gross revenue	$ 983	$ 505
Other, gross	5
Gross revenue including other	988	505
Contractual allowance	(192)	(202)
Service revenue, net	791	303
Other, net	5
Revenue, net of contractual allowances and adjustments	796	303
Medicaid [Member]
Disaggregation of Revenue [Line Items]
Gross revenue	15	24
Contractual allowance	(3)	(12)
Service revenue, net	12	12
Revenue, net of contractual allowances and adjustments	12	12
Medicare [Member]
Disaggregation of Revenue [Line Items]
Gross revenue	137	166
Contractual allowance	(3)	(8)
Service revenue, net	134	158
Revenue, net of contractual allowances and adjustments	134	158
Self-Pay [Member]
Disaggregation of Revenue [Line Items]
Gross revenue	26	20
Service revenue, net	26	20
Revenue, net of contractual allowances and adjustments	26	20
Third-Party Payor [Member]
Disaggregation of Revenue [Line Items]
Gross revenue	317	295
Contractual allowance	(186)	(182)
Service revenue, net	131	113
Revenue, net of contractual allowances and adjustments	131	113
Contract Diagnostic Services [Member]
Disaggregation of Revenue [Line Items]
Gross revenue	488
Service revenue, net	488
Revenue, net of contractual allowances and adjustments	488
Other [Member]
Disaggregation of Revenue [Line Items]
Revenue, net of contractual allowances and adjustments	$ 5

NET SALES SERVICE REVENUE AND59

NET SALES SERVICE REVENUE AND ACCOUNTS RECEIVABLE (Schedule of Sales, Net of Collection Allowance) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Disaggregation of Revenue [Line Items]
Revenue, net of contractual allowances and adjustments	$ 796	$ 303
Allowances for dubtful accounts	(84)	(55)
Total	712	248
Medicaid [Member]
Disaggregation of Revenue [Line Items]
Revenue, net of contractual allowances and adjustments	12	12
Allowances for dubtful accounts	(11)	(2)
Total	1	10
Medicare [Member]
Disaggregation of Revenue [Line Items]
Revenue, net of contractual allowances and adjustments	134	158
Allowances for dubtful accounts	(20)	(30)
Total	114	128
Self-Pay [Member]
Disaggregation of Revenue [Line Items]
Revenue, net of contractual allowances and adjustments	26	20
Allowances for dubtful accounts		(4)
Total	26	16
Third-Party Payor [Member]
Disaggregation of Revenue [Line Items]
Revenue, net of contractual allowances and adjustments	131	113
Allowances for dubtful accounts	(53)	(19)
Total	78	94
Contract Diagnostic Services [Member]
Disaggregation of Revenue [Line Items]
Revenue, net of contractual allowances and adjustments	488
Total	488
Services Revenue, Net [Member]
Disaggregation of Revenue [Line Items]
Revenue, net of contractual allowances and adjustments	791	303
Allowances for dubtful accounts	(84)	(55)
Total	707	$ 248
Other [Member]
Disaggregation of Revenue [Line Items]
Revenue, net of contractual allowances and adjustments	5
Total	$ 5

NET SALES SERVICE REVENUE AND60

NET SALES SERVICE REVENUE AND ACCOUNTS RECEIVABLE (Schedule of Receivables) (Details) - USD ($) $ in Thousands	Mar. 31, 2018	Dec. 31, 2017
Accounts receivable, gross	$ 1,760	$ 1,857
Less allowance for doubtful accounts	(1,208)	(1,127)
Accounts receivable, net	552	730
Medicaid [Member]
Accounts receivable, gross	33	37
Medicare [Member]
Accounts receivable, gross	611	256
Self-Pay [Member]
Accounts receivable, gross	102	53
Third-Party Payor [Member]
Accounts receivable, gross	768	1,066
Contract Diagnostic Services [Member]
Accounts receivable, gross	$ 246	$ 445

NET SALES SERVICE REVENUE AND61

NET SALES SERVICE REVENUE AND ACCOUNTS RECEIVABLE (Schedule of Allowance for Doubtful Accounts) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Allowance for doubtful accounts, Beginning balance	$ (1,127)
Allowances for dubtful accounts	(84)	$ (55)
Bad debt expense	3
Total charges	(81)
Allowance for doubtful accounts, Ending balance	(1,208)
Medicaid [Member]
Allowances for dubtful accounts	(11)	(2)
Medicare [Member]
Allowances for dubtful accounts	(20)	(30)
Self-Pay [Member]
Allowances for dubtful accounts		(4)
Third-Party Payor [Member]
Allowances for dubtful accounts	$ (53)	$ (19)

SUBSEQUENT EVENTS (Details)

SUBSEQUENT EVENTS (Details)	Apr. 20, 2018USD ($)	Mar. 21, 2018USD ($)$ / sharesshares	Feb. 09, 2018USD ($)$ / sharesshares	Jan. 31, 2018shares	Mar. 31, 2018USD ($)$ / shares	Mar. 31, 2017USD ($)	Dec. 31, 2017$ / shares
Subsequent Event [Line Items]
Proceeds from long-term debt					$ 300,000	$ 265,000
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Authorized | shares				6,056,166
Share-based Compensation Arrangement by Share-based Payment Award, Number of Additional Shares Authorized | shares				5,389,500
Share-based Compensation Arrangement by Share-based Payment Award, Number of Additional Annual Shares Authorized | shares				500,000
Share-based Compensation Arrangement by Share-based Payment Award, Maximum Number of Shares Per Employee | shares				1,000,000
Share-based Compensation Arrangement by Share-based Payment Award, Percentage of Outstanding Stock Maximum				5.00%
Exercise price (in dollars per share) | $ / shares					$ 0.75
Common stock, par value (in dollars per share) | $ / shares					$ 0.01		$ 0.01
Convertible Preferred Stock
Subsequent Event [Line Items]
Exercise price (in dollars per share) | $ / shares		$ 0.75
Warrants Issued During Period, Maximum Allowed Percentage of Common Stock		4.99%
Leviston Resources LLC [Member]
Subsequent Event [Line Items]
Equity Purchase Agreement			$ 8,000,000
Equity Purchase Agreement, Commitment Fee Percentage			5.25%
Equity Purchase Agreement, Commitment Fee Installment Percentage			1.75%
Equity Purchase Agreement, Fee			$ 35,000
Equity Purchase Agreement, Fee, Contingent Discount			15,000
Stock and Warrants Issued During Period, Value, Preferred Stock and Warrants			$ 721,153
Share price (in dollars per share) | $ / shares			$ 1.04
Proceeds from Issuance of Private Placement			$ 744,000
Stock Issued During Period, Shares, Issued for Services | shares			170,711
Stock Issued During Period, Value, Issued for Services			$ 140,000
Company stock percentage of market rate			97.25%
Potential liquidation damage amount to each occurrence of default related to the purchase agreement			$ 100,000
Common stock purchase fee			0.75%
Preferred Stock Induced Conversions, Second Investor [Member] | Convertible Preferred Stock
Subsequent Event [Line Items]
Stock and Warrants Issued During Period, Value, Preferred Stock and Warrants		$ 500,000
Preferred Stock Induced Conversions, First Investor [Member] | Convertible Preferred Stock
Subsequent Event [Line Items]
Class of Warrant or Right, Warrants or Rights Excercised | shares		666,666
Senior Secured Convertible Promissory Notes [Member] | Securities Purchase Agreement [Member] | Subsequent Events
Subsequent Event [Line Items]
Debt instrument, face amount	$ 3,296,703.30
Interest rate (as a percent)	8.00%
Common stock warrant coverage	1
Debt instrument, term	1 year
Maximum proceeds raised before note payable becomes due	$ 7,000,000
Senior Secured Convertible Promissory Notes [Member] | Securities Purchase Agreement [Member] | Subsequent Events | Debt Instrument, Redemption, Period Within 180 Days [Member]
Subsequent Event [Line Items]
Debt instrument, face amount	1,809,400
Proceeds from long-term debt	$ 1,660,000