Precipio (PRPO) 10-Q 11 May 22 2022 Q1 Quarterly report Financial data

DOCUMENT AND ENTITY INFORMATION

DOCUMENT AND ENTITY INFORMATION - shares	3 Months Ended
	Mar. 31, 2022	May 06, 2022
Document and Entity Information [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Mar. 31, 2022
Document Transition Report	false
Entity File Number	001-36439
Entity Registrant Name	PRECIPIO, INC.
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	91-1789357
Entity Address, Address Line One	4 Science Park
Entity Address, City or Town	New Haven
Entity Address, State or Province	CT
Entity Address, Postal Zip Code	06511
City Area Code	203
Local Phone Number	787-7888
Title of 12(b) Security	Common Stock, $0.01 par value per share
Trading Symbol	PRPO
Security Exchange Name	NASDAQ
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		22,708,708
Entity Central Index Key	0001043961
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2022
Document Fiscal Period Focus	Q1
Amendment Flag	false

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)	Mar. 31, 2022	Dec. 31, 2021
CURRENT ASSETS:
Cash	$ 9,261,000	$ 11,668,000
Accounts receivable, net	1,154,000	697,000
Inventories	522,000	564,000
Other current assets	450,000	549,000
Total current assets	11,387,000	13,478,000
PROPERTY AND EQUIPMENT, NET	788,000	836,000
OTHER ASSETS:
Finance lease right-of-use assets, net	337,000	371,000
Operating lease right-of-use assets, net	812,000	858,000
Intangibles, net	14,480,000	14,717,000
Other assets	167,000	179,000
Total assets	27,971,000	30,439,000
CURRENT LIABILITIES:
Current maturities of long-term debt, less debt issuance costs	26,000	26,000
Current maturities of finance lease liabilities	195,000	222,000
Current maturities of operating lease liabilities	162,000	166,000
Accounts payable	2,318,000	1,863,000
Accrued expenses	1,673,000	1,918,000
Deferred revenue	21,000	18,000
Total current liabilities	4,395,000	4,213,000
LONG TERM LIABILITIES:
Long-term debt, less current maturities and debt issuance costs	154,000	160,000
Finance lease liabilities, less current maturities	130,000	159,000
Operating lease liabilities, less current maturities	656,000	697,000
Common stock warrant liabilities	384,000	606,000
Total liabilities	5,719,000	5,835,000
COMMITMENTS AND CONTINGENCIES (Note 5)
STOCKHOLDERS' EQUITY:
Preferred stock - $0.01 par value, 15,000,000 shares authorized at March 31, 2022 and December 31, 2021, 47 shares issued and outstanding at March 31, 2022 and December 31, 2021, liquidation preference of $159 at March 31, 2022
Common stock, $0.01 par value, 150,000,000 shares authorized at March 31, 2022 and December 31, 2021, 22,708,708 and 22,708,442 shares issued and outstanding at March 31, 2022 and December 31, 2021, respectively	227,000	227,000
Additional paid-in capital	106,663,000	104,431,000
Accumulated deficit	(84,684,000)	(80,094,000)
Total Precipio, Inc. stockholders' equity	22,206,000	24,564,000
Noncontrolling interest in joint venture	46,000	40,000
Total stockholders' equity	22,252,000	24,604,000
Total liabilities and stockholders' equity	$ 27,971,000	$ 30,439,000

CONDENSED CONSOLIDATED BALANC_2

CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) $ in Thousands	Mar. 31, 2022USD ($)$ / sharesshares
CONDENSED CONSOLIDATED BALANCE SHEETS [Abstract]
Preferred stock, par value (in dollars per share) | $ / shares	$ 0.01
Preferred stock, shares authorized (in shares)	15,000,000
Preferred stock, shares issued (in shares)	47
Preferred stock, shares outstanding (in shares)	47
Preferred stock, liquidation preference | $	$ 159
Common stock, par value | $ / shares	$ 0.01
Common stock, shares authorized (in shares)	150,000,000
Common stock, shares issued (in shares)	22,708,708
Common stock, shares outstanding (in shares)	22,708,708

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Revenue, net of contractual allowances and adjustments	$ 2,527	$ 2,111
Adjustment for allowance for doubtful accounts	(80)	(287)
Net sales	2,447	1,824
Total cost of sales	1,744	1,356
Gross profit	703	468
OPERATING EXPENSES:
Operating expenses	5,512	2,605
OPERATING LOSS	(4,809)	(2,137)
OTHER INCOME (EXPENSE):
Interest income (expense), net	2	(7)
Warrant revaluation	222	(118)
Gain on settlement of liability	1	17
Gain on forgiveness of Paycheck Protection Program loan		794
Total other income	225	686
LOSS BEFORE INCOME TAXES	(4,584)	(1,451)
INCOME TAX EXPENSE	0	0
NET LOSS	(4,584)	(1,451)
Less: Net income attributable to noncontrolling interest in joint venture	(6)	(1)
NET LOSS ATTRIBUTABLE TO PRECIPIO, INC. COMMON STOCKHOLDERS	$ (4,590)	$ (1,452)
LOSS PER COMMON SHARE, BASIC	$ (0.20)	$ (0.08)
LOSS PER COMMON SHARE, DILUTED	$ (0.20)	$ (0.08)
WEIGHTED-AVERAGE SHARES OF COMMON STOCK OUTSTANDING, BASIC	22,708,587	17,864,342
WEIGHTED-AVERAGE SHARES OF COMMON STOCK OUTSTANDING, DILUTED	22,708,587	17,864,342
Service revenue, net [Member]
Revenue, net of contractual allowances and adjustments	$ 2,005	$ 1,944
Adjustment for allowance for doubtful accounts	(80)	(287)
Net sales	1,925	1,657
Total cost of sales	1,536	1,300
Other [Member]
Revenue, net of contractual allowances and adjustments	522	167
Net sales	522	167
Total cost of sales	$ 208	$ 56

CONDENSED CONSOLIDATED STATEM_2

CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY - USD ($) $ in Thousands	Preferred Stock [Member]	Common Stock [Member]	Additional Paid-in Capital [Member]	Accumulated Deficit [Member]	Total Precipio, Inc. [Member]	Noncontrolling Interest in Joint Venture [Member]	Total
Balance at beginning of period at Dec. 31, 2020		$ 176	$ 85,523	$ (71,564)	$ 14,135	$ 27	$ 14,162
Balance at beginning of period (in shares) at Dec. 31, 2020	47	17,576,916
Increase (Decrease) in Stockholders' Equity
Net loss				(1,452)	(1,452)	1	(1,451)
Issuance of common stock in connection with purchase agreements		$ 5	1,255		1,260		1,260
Issuance of common stock in connection with purchase agreements (in shares)		500,000
Issuance of common stock for consulting services		$ 200	150		150		150
Issuance of common stock for consulting services (in shares)		55,147
Stock-based compensation			437		437		437
Balance at end of period at Mar. 31, 2021		$ 181	87,365	(73,016)	14,530	28	14,558
Balance at end of period (in shares) at Mar. 31, 2021	47	18,132,063
Balance at beginning of period at Dec. 31, 2021		$ 227	104,431	(80,094)	24,564	40	24,604
Balance at beginning of period (in shares) at Dec. 31, 2021	47	22,708,442
Increase (Decrease) in Stockholders' Equity
Net loss				(4,590)	(4,590)	6	(4,584)
Proceeds upon issuance of common stock from exercise of warrants (in shares)		266
Stock-based compensation			2,232		2,232		2,232
Balance at end of period at Mar. 31, 2022		$ 227	$ 106,663	$ (84,684)	$ 22,206	$ 46	$ 22,252
Balance at end of period (in shares) at Mar. 31, 2022	47	22,708,708

CONDENSED CONSOLIDATED STATEM_3

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
CASH FLOWS FROM OPERATING ACTIVITIES:
Net loss	$ (4,584)	$ (1,451)
Adjustments to reconcile net loss to net cash flows used in operating activities:
Depreciation and amortization	302	268
Amortization of operating lease right-of-use asset	46	53
Amortization of finance lease right-of-use asset	34	11
Amortization of deferred financing costs, debt discounts and debt premiums	1	2
Gain on forgiveness of debt		(794)
Gain on settlement of liability	(1)	(17)
Stock-based compensation	2,232	437
Value of stock issued in payment of services		150
Provision for losses on doubtful accounts	78	288
Warrant revaluation	(222)	118
Derecognition of finance lease right-of-use asset		29
Changes in operating assets and liabilities:
Accounts receivable	(535)	(39)
Inventories	42	(122)
Other assets	111	(177)
Accounts payable	448	194
Operating lease liabilities	(45)	(54)
Accrued expenses and other liabilities	(241)	(156)
Net cash used in operating activities	(2,334)	(1,260)
CASH FLOWS FROM INVESTING ACTIVITIES:
Purchase of property and equipment	(10)	(185)
Net cash used in investing activities	(10)	(185)
CASH FLOWS FROM FINANCING ACTIVITIES:
Principal payments on finance lease obligations	(56)	(12)
Deposits on finance lease right-of-use assets		(29)
Issuance of common stock, net of issuance costs		1,260
Principal payments on long-term debt	(7)	(14)
Payments on common stock warrant liabilities		(130)
Net cash flows (used in) provided by financing activities	(63)	1,075
NET CHANGE IN CASH	(2,407)	(370)
CASH AT BEGINNING OF PERIOD	11,668	2,656
CASH AT END OF PERIOD	9,261	2,286
SUPPLEMENTAL CASH FLOW INFORMATION
Cash paid during the period for interest	9	5
SUPPLEMENTAL DISCLOSURE OF CONSULTING SERVICES OR ANY OTHER NON-CASH COMMON STOCK RELATED ACTIVITY
Purchases of equipment financed through accounts payable	$ 7	82
Finance lease right-of-use assets obtained in exchange for finance lease obligations		$ 96

BUSINESS DESCRIPTION

BUSINESS DESCRIPTION	3 Months Ended
	Mar. 31, 2022
BUSINESS DESCRIPTION [Abstract]
BUSINESS DESCRIPTION	1. BUSINESS DESCRIPTION Business Description. Precipio, Inc., and its subsidiaries, (collectively, “we”, “us”, “our”, the “Company” or “Precipio”) is a healthcare solutions company focused on cancer diagnostics. The Company’s business mission is to address the pervasive problem of cancer misdiagnoses by developing solutions to mitigate the root causes of this problem in the form of diagnostic products, reagents and services. Misdiagnoses originate from aged commercial diagnostic cancer testing technologies, lack of subspecialized expertise, and sub-optimal laboratory processes that are needed in today’s diagnostic cancer testing in order to provide accurate, rapid, and resource-effective results to treat patients. Industry studies estimate 1 in 5 blood-cancer patients are misdiagnosed. As cancer diagnostic testing has evolved from cellular to molecular (genes and exons), laboratory testing has become extremely complex, requiring even greater diagnostic precision, attention to process and a more appropriate evaluation of the abundance of genetic data to effectively gather, consider, analyze and present information for the physician for patient treatment. Precipio sees cancer diagnostics as requiring a holistic approach to improve diagnostic data for improved interpretations with the intent to reduce misdiagnoses. By delivering diagnostic products, reagents and services that improve the accuracy and efficiency of diagnostics, leading to fewer misdiagnoses, we believe patient outcomes can be improved through the selection of appropriate therapeutic options. Furthermore, we believe that better patient outcomes will have a positive impact on healthcare expenses as misdiagnoses are reduced. Better Diagnostic Results – Better Patient Outcome – Lower Healthcare Expenditures. ​ To deliver its strategy, the Company has structured its organization in order to drive development of diagnostic products. Laboratory and R&D facilities located in New Haven, Connecticut and Omaha, Nebraska house development teams that collaborate on new products and services. The Company operates CLIA laboratories in both the New Haven, Connecticut and Omaha, Nebraska locations providing essential blood cancer diagnostics to office-based oncologists in many states nationwide. To deliver on our strategy of mitigating misdiagnoses we rely heavily on our CLIA laboratory to support R&D beta-testing of the products we develop, in a clinical environment. ​ Our operating structure promotes the harnessing of our proprietary technology and genetic diagnostic expertise to bring to market the Company’s robust pipeline of innovative solutions designed to address the root causes of misdiagnoses. Joint Venture. The Company has determined that it holds a variable interest in a joint venture formed in April 2020 (the “Joint Venture”) and is the primary beneficiary of the variable interest entity (“VIE”). See Note 2 - Summary of Significant Accounting Policies for further discussion regarding consolidation of variable interest entities. 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 several years. As of March 31, 2022, the Company had a net loss of $4.6 million, an accumulated deficit of $84.7 million, working capital of $7.0 million and net cash used in operating activities of $2.3 million. The Company’s ability to continue as a going concern over the next twelve months from the date of issuance of these condensed consolidated financial statements in this Quarterly Report on Form 10-Q is dependent upon a combination of achieving its business plan, including generating additional revenue and avoiding potential business disruption due to the novel coronavirus (“COVID-19”) pandemic, 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 2, 2021, the Company entered into a sales agreement with A.G.P./Alliance Global Partners (“AGP”), pursuant to which the Company may offer and sell its common stock having aggregate sales proceeds of up to $22.0 million, to or through AGP, as sales agent (the “AGP Sales Agreement”). From April 2, 2021 through the date the condensed consolidated financial statements were issued, we have already received approximately $15.4 million in gross proceeds through the AGP Sales Agreement from the sale of 4,501,000 shares of common stock, leaving the Company an additional $6.6 million available for future sales pursuant to the AGP Sales Agreement. ​ Notwithstanding the aforementioned circumstances, there remains substantial doubt about the Company’s ability to continue as a going concern for the next twelve months from the date these condensed consolidated financial statements were issued. 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 this Quarterly Report Form 10-Q. The accompanying condensed consolidated 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.

SUMMARY OF SIGNIFICANT ACCOUNTI

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	3 Months Ended
	Mar. 31, 2022
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 and, as of March 31, 2022 and for the three months ended March 31, 2022 and 2021, are unaudited and reflect all adjustments (consisting of only normal recurring adjustments) that are 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, 2021 contained in our Annual Report on Form 10-K, filed with the Securities and Exchange Commission (the “SEC”) on March 30, 2022. The results of operations for the interim periods presented are not necessarily indicative of the results for fiscal year 2022. The condensed consolidated financial statements include the accounts of Precipio and its wholly owned subsidiaries, and the Joint Venture which is a VIE in which we are the primary beneficiary. Refer to the section titled “Consolidation of Variable Interest Entities” for further information related to our accounting for the Joint Venture. All intercompany balances have been eliminated in consolidation. Recently Adopted Accounting Pronouncements. In July 2021, the FASB issued ASU 2021-05, Lease (Topic 842), “Lessors - Certain Leases with Variable Lease Payments” In May 2021, the FASB issued ASU 2021-04, “ Issuer s Accounting for Certain Modifications or Exchanges of Freestanding Equity-Classified Written Call Options” guidance on January 1, 2022. The adoption of this standard was not material to our condensed consolidated financial statements. Recent Accounting Pronouncements Not Yet Adopted. In August 2020, the FASB issued ASU 2020-06 “ Debt—Debt with Conversion and Other Options (Subtopic 470-20) and Derivatives and Hedging—Contracts in Entity’s Own Equity (Subtopic 815-40): Accounting for Convertible Instruments and Contracts in an Entity’s Own Equity In June 2016, the FASB issued ASU 2016-13 “ Measurement of Credit Losses on Financial Instruments ​ 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 4,584,622 and 2,381,497 shares of our common stock have been excluded from the computation of diluted loss per share at March 31, 2022 and 2021, 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, ​ 2022 2021 Stock options 3,635,487 1,358,096 Warrants 831,635 905,901 Preferred stock 117,500 117,500 Total 4,584,622 2,381,497 ​ Consolidation of Variable Interest Entities. We evaluate any entity in which we are involved to determine if the entity is a VIE and if so, whether we hold a variable interest and are the primary beneficiary. We consolidate VIEs that are subject to assessment when we are deemed to be the primary beneficiary of the VIE. The process for determining whether we are the primary beneficiary of the VIE is to conclude whether we are a party to the VIE holding a variable interest that meets both of the following criteria: (1) has the power to make decisions that most significantly affect the economic performance of the VIE, and (2) has the obligation to absorb losses or the right to receive benefits that in either case could potentially be significant to the VIE. ​ We have determined that we hold a variable interest in the Joint Venture, have the power to make significant operational decisions on behalf of the VIE and also have the obligation to absorb the majority of the losses from the VIE. As such we have also determined that we are the primary beneficiary of the VIE. The following table presents information about the carrying value of the assets and liabilities of the Joint Venture which we consolidate and which are included on our condensed consolidated balance sheets. Intercompany balances are eliminated in consolidation and not reflected in the following table. ​ ​ ​ ​ ​ ​ ​ ​ (dollars in thousands) March 31, 2022 December 31, 2021 Assets: ​ ​ ​ ​ ​ ​ Accounts receivable, net ​ $ 239 ​ $ 180 Total assets ​ $ 239 ​ $ 180 Liabilities: ​ ​ ​ ​ ​ ​ Accrued expenses ​ $ 33 ​ $ 36 Total liabilities ​ $ 33 ​ $ 36 Noncontrolling interest in Joint Venture ​ $ 46 ​ $ 40 Total stockholders' equity ​ $ 91 ​ $ 79 ​

LONG-TERM DEBT

LONG-TERM DEBT	3 Months Ended
	Mar. 31, 2022
LONG-TERM DEBT [Abstract]
LONG-TERM DEBT	3. LONG-TERM DEBT Long-term debt consists of the following: ​ ​ ​ ​ ​ ​ ​ ​ ​ Dollars in Thousands ​ March 31, 2022 December 31, 2021 Department of Economic and Community Development (DECD) ​ $ 198 ​ $ 205 DECD debt issuance costs ​ (18) ​ (19) Total long-term debt ​ 180 ​ 186 Current portion of long-term debt ​ (26) ​ (26) Long-term debt, net of current maturities ​ $ 154 ​ $ 160 ​ Department of Economic and Community Development. On January 8, 2018, the Company entered into an agreement with the Connecticut Department of Economic and Community Development (“DECD”) by which the Company received a loan of $300,000 secured by substantially all of the Company’s assets (the “DECD 2018 Loan”). The DECD 2018 Loan is a ten-year loan due on December 31, 2027 and includes interest paid monthly at 3.25%. The maturity date of the DECD 2018 Loan was extended to May 31, 2028 and the modification did not have a material impact on the Company’s cash flows. Amortization of the debt issuance costs were $1,000 for the three months ended March 31, 2022 and 2021, respectively.

ACCRUED EXPENSES OTHER CURRENT

ACCRUED EXPENSES OTHER CURRENT LIABILITIES	3 Months Ended
	Mar. 31, 2022
ACCRUED EXPENSES OTHER CURRENT LIABILITIES [Abstract]
ACCRUED EXPENSES OTHER CURRENT LIABILITIES	4 Accrued expenses at March 31, 2022 and December 31, 2021 are as follows: ​ ​ ​ ​ ​ ​ ​ (dollars in thousands) 2022 2021 Accrued expenses ​ $ 995 ​ $ 1,033 Accrued compensation ​ 565 ​ 718 Accrued franchise, property and sales and use taxes ​ ​ 94 ​ ​ 148 Accrued interest ​ 19 ​ 19 ​ ​ $ 1,673 ​ $ 1,918 ​ The Company recorded certain settled reductions in accrued expenses and accounts payable as gains which are included in gain on settlement of liability, net in the condensed consolidated statements of operations. During the three months ended March 31, 2022 and 2021 less than $0.1 million, respectively, was recorded as a gain.

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	3 Months Ended
	Mar. 31, 2022
COMMITMENTS AND CONTINGENCIES [Abstract]
COMMITMENTS AND CONTINGENCIES	5 The Company is involved in legal proceedings related to matters, which are incidental to its business. Also, 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. See below for a discussion on these matters. LITIGATIONS CPA Global provides us with certain patent management services. On February 6, 2017, CPA Global claimed that we owed 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 less than $0.1 million has been recorded and is reflected in accounts payable within the accompanying condensed consolidated balance sheets at March 31, 2022 and December 31, 2021. LEGAL AND REGULATORY ENVIRONMENT The healthcare industry is subject to numerous laws and regulations of federal, state and local governments. These laws and regulations include, but are not 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.

LEASES

LEASES	3 Months Ended
	Mar. 31, 2022
LEASES [Abstract]
LEASES	6 The Company leases administrative facilities and laboratory equipment through operating lease agreements. In addition we rent various equipment used in our diagnostic lab and in our administrative offices through finance lease arrangements. Our operating leases include both lease (e.g., fixed payments including rent) and non-lease components (e.g., common area or other maintenance costs). The facility leases include one or more options to renew, from 1 to 5 years or more. The exercise of lease renewal options is typically at our sole discretion, therefore, the renewals to extend the lease terms are not included in our right-of-use (“ROU”) assets and lease liabilities as they are not reasonably certain of exercise. We regularly evaluate the renewal options and, when they are reasonably certain of exercise, we include the renewal period in our lease term. As our leases do not provide an implicit rate, we use our collateralized incremental borrowing rate based on the information available at the lease commencement date in determining the present value of the lease payments. Operating leases result in the recognition of ROU assets and lease liabilities on the balance sheet. ROU assets represent our right to use the leased asset for the lease term and lease liabilities represent our obligation to make lease payments. Operating lease ROU assets and liabilities are recognized at commencement date based on the present value of lease payments over the lease term. Lease expense is recognized on a straight-line basis over the lease term. Leases with an initial term of 12 months or less are not recorded on the balance sheet. The primary leases we enter into with initial terms of 12 months or less are for equipment. The Company also recognizes ROU assets from finance leases in connection with its HSRR program. For certain customers in the HSRR program, the Company leases diagnostic testing equipment and then subleases the equipment to the customer. Finance lease ROU assets and finance lease liabilities are recognized at the lease commencement date, and at the sublease commencement date the finance lease ROU asset is derecognized and is recorded as cost of sales in the condensed consolidated statements of operations. Derecognized finance lease ROU assets for the three months ended March 31, 2022 and 2021 were zero and $0.1 million, respectively. Where Precipio is the lessor, customers lease diagnostic testing equipment from the Company with the transfer of ownership to the customer at the end of the lease term at no additional cost. For these contracts, the Company accounts for the arrangements as sales-type leases. The lease asset for sales-type leases is the net investment in leased asset, which is recorded once the finance lease ROU asset is derecognized and a related gain or loss is noted. The net investment in leased assets was $0.2 million as of March 31, 2022 and December 31, 2021, respectively, and is included in other current assets and other assets in our condensed consolidated balance sheets. The balance sheet presentation of our operating and finance leases is as follows: ​ ​ ​ ​ ​ ​ ​ ​ (dollars in thousands) ​ ​ ​ ​ ​ ​ Classification on the Condensed Consolidated Balance Sheet ​ March 31, 2022 ​ December 31, 2021 Assets: ​ ​ ​ ​ ​ ​ Operating lease right-of-use assets, net ​ $ 812 ​ $ 858 Finance lease right-of-use assets, net (1) ​ ​ 337 ​ ​ 371 Total lease assets ​ $ 1,149 ​ $ 1,229 ​ ​ ​ ​ ​ ​ ​ Liabilities: ​ ​ ​ ​ ​ ​ Current: ​ ​ ​ ​ ​ ​ Current maturities of operating lease liabilities ​ $ 162 ​ $ 166 Current maturities of finance lease liabilities ​ ​ 195 ​ ​ 222 Noncurrent: ​ ​ ​ ​ ​ ​ Operating lease liabilities, less current maturities ​ ​ 656 ​ ​ 697 Finance lease liabilities, less current maturities ​ ​ 130 ​ ​ 159 Total lease liabilities ​ $ 1,143 ​ $ 1,244 (1) As of March 31, 2022 and December 31, 2021, finance lease right-of-use assets included $48 and $61, respectively, of assets related to finance leases associated with the HSRR program. ​ As of March 31, 2022 and December 31, 2021, the estimated future minimum lease payments, excluding non-lease components, are as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (dollars in thousands) Operating Leases ​ Finance Leases ​ Total ​ ​ ​ March 31, ​ ​ December 31, ​ ​ March 31, ​ ​ December 31, ​ ​ March 31, ​ ​ December 31, ​ ​ ​ 2022 ​ ​ 2021 ​ ​ 2022 ​ ​ 2021 ​ ​ 2022 ​ ​ 2021 2022 ​ $ 165 ​ $ 227 ​ $ 116 ​ $ 176 ​ $ 281 ​ $ 403 2023 ​ 218 ​ ​ 218 ​ 101 ​ ​ 101 ​ 319 ​ 319 2024 ​ 205 ​ ​ 204 ​ 80 ​ ​ 80 ​ 285 ​ 284 2025 ​ 191 ​ ​ 191 ​ 65 ​ ​ 65 ​ 256 ​ 256 2026 ​ ​ 194 ​ ​ 195 ​ ​ 26 ​ ​ 26 ​ ​ 220 ​ ​ 221 Thereafter ​ — ​ ​ — ​ — ​ ​ — ​ — ​ — Total lease obligations ​ 973 ​ ​ 1,035 ​ 388 ​ ​ 448 ​ 1,361 ​ 1,483 Less: Amount representing interest ​ (155) ​ ​ (172) ​ (63) ​ ​ (67) ​ (218) ​ (239) Present value of net minimum lease obligations ​ 818 ​ ​ 863 ​ 325 ​ ​ 381 ​ 1,143 ​ 1,244 Less, current portion ​ (162) ​ ​ (166) ​ (195) ​ ​ (222) ​ (357) ​ (388) Long term portion ​ $ 656 ​ $ 697 ​ $ 130 ​ $ 159 ​ $ 786 ​ $ 856 ​ Other information as of March 31, 2022 and December 31, 2021: ​ ​ ​ ​ ​ ​ March 31, ​ December 31, ​ 2022 ​ 2021 Weighted-average remaining lease term (years): ​ ​ ​ Operating leases 4.5 ​ 4.7 Finance leases 3.4 ​ 3.1 Weighted-average discount rate: ​ ​ ​ Operating leases 8.00% ​ 8.00% Finance leases 10.10% ​ 10.03% ​ During the three months ended March 31, 2022 and 2021, operating cash flows from operating leases was $0.1 million, respectively, and operating lease ROU assets obtained in exchange for operating lease liabilities was zero, respectively. Operating Lease Costs Operating lease costs were approximately $0.1 million during the three months ended March 31, 2022 and 2021, respectively. These costs are primarily related to long-term operating leases for the Company’s facilities and laboratory equipment. Short-term and variable lease costs were less than $0.1 million for the three months ended March 31, 2022 and 2021, respectively. Finance Lease Costs Finance lease amortization and interest expenses are included in the condensed consolidated statements of operations for the three months ended March 31, 2022 and 2021. The balances within these accounts are less than $0.1 million, respectively.

STOCKHOLDERS' EQUITY

STOCKHOLDERS' EQUITY	3 Months Ended
	Mar. 31, 2022
STOCKHOLDERS' EQUITY [Abstract]
STOCKHOLDERS' EQUITY	7 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 December 20, 2018, the Company’s shareholders approved the proposal to authorize the Company’s Board of Directors to, in its discretion, amend the Company’s Third Amended and Restated Certificate of Incorporation to increase the total number of authorized shares of common stock from 150,000,000 shares to 250,000,000 shares. The Company has not yet effected this increase. During the three months ended March 31, 2022, the Company issued 266 shares of its common stock in connection with the exercise of 266 warrants. The warrant exercise resulted in net cash proceeds to the Company of less than $1,000 during the three months ended March 31, 2022. There were no warrant exercises during the three months ended March 31, 2021. During the three months ended March 31, 2021, the Company issued 55,147 shares of its common stock in connection with consulting services of approximately $0.2 million. LP 2020 Purchase Agreement ​ On March 26, 2020, the Company entered into a purchase agreement (the “LP 2020 Purchase Agreement”) with Lincoln Park pursuant to which Lincoln Park has agreed to purchase from us, from time to time, up to $10,000,000 of our common stock, subject to certain limitations, during the 24 month term of the LP 2020 Purchase Agreement. ​ During the three months ended March 31, 2021, we received approximately $1.3 million from the sale of 500,000 shares of common stock to Lincoln Park under the LP 2020 Purchase Agreement. The Company terminated the LP 2020 Purchase Agreement effective June 14, 2021. ​ At The Market Offering Agreement ​ On April 2, 2021, the Company entered into a sales agreement with A.G.P./Alliance Global Partners (“AGP”), pursuant to which the Company may offer and sell its common stock, par value $0.01 per share (the “Common Stock”) (the “Shares”), having aggregate sales proceeds of up to $22.0 million. Shares can be sold either directly to or through AGP as a sales agent (the “AGP Sales Agreement”), from time to time, in an “at the market offering” (as defined in Rule 415(a)(4) under the Securities Act of 1933, as amended) of the Shares (the “ATM Offering”). The Company is limited in the number of shares it can sell in the ATM Offering due to the offering limitations currently applicable to the Company under General Instruction I.B.6. of Form S-3 and the Company’s public float as of the applicable date of such sales, as well as the number of authorized and unissued shares available for issuance, in accordance with the terms of the AGP Sales Agreement. ​ The sale of our shares of Common Stock to or through AGP, will be made pursuant to the registration statement (the “Registration Statement”) on Form S-3 (File No. 333-237445), which was declared effective by the Securities and Exchange Commission (the “SEC”) on April 13, 2020, for an aggregate offering price of up to $50.0 million. Under the AGP Sales Agreement, Shares may be sold by any method permitted by law deemed to be an “at the market offering.” AGP will also be able to sell shares of Common Stock by any other method permitted by law, including in negotiated transactions with the Company’s prior written consent. Upon delivery of a placement notice and subject to the terms and conditions of the AGP Sales Agreement, AGP is required to use its commercially reasonable efforts consistent with its normal trading and sales practices, applicable state and federal law, rules and regulations, and the rules of The Nasdaq Capital Market to sell the Shares from time to time based upon the Company’s instructions, including any price, time or size limits specified by the Company. AGP is not under any obligation to purchase any of the Shares on a principal basis pursuant to the AGP Sales Agreement, except as otherwise agreed by AGP and the Company in writing and expressly set forth in a placement notice. AGP’s obligations to sell the Shares under the AGP Sales Agreement are subject to satisfaction of certain conditions, including customary closing conditions. The Company is not obligated to make any sales of Shares under the AGP Sales Agreement and any determination by the Company to do so will be dependent, among other things, on market conditions and the Company’s capital raising needs. The Company has agreed to pay AGP a cash fee of 3.0% of the aggregate gross proceeds from the sale of the Shares on the Company’s behalf pursuant to the AGP Sales Agreement. The AGP Sales Agreement contains representations, warranties and covenants that are customary for transactions of this type. In addition, the Company has provided AGP with customary indemnification and contribution rights. The Company has also agreed to reimburse AGP for certain specified expenses, including the expenses of counsel to AGP. The offering of the Shares pursuant to the AGP Sales Agreement will terminate upon the termination of the AGP Sales Agreement by AGP or the Company, as permitted therein. ​ During the three months ended March 31, 2022 and 2021, there were zero sales of shares of common stock through AGP, respectively. As of the date of issuance of this Quarterly Report on Form 10-Q, we have received an aggregate of $14.9 million in net proceeds from the sale of common stock through the AGP Sales Agreement. ​ 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. 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 an underwritten public offering consisting of the Company’s Series B Preferred Stock and warrants. The conversion price of the Series B Preferred Stock contains a down round feature. The Company will recognize the effect of the down round feature when it is triggered. At that time, the effect would be treated as a deemed dividend and as a reduction of income available to common shareholders in our basic earnings per share calculation. There were no conversions of Series B Preferred Stock during the three months ended March 31, 2022 and 2021, respectively. At March 31, 2022 and December 31, 2021, the Company had 6,900 shares of Series B Preferred Stock designated and issued and 47 shares of Series B Preferred Stock outstanding. Based on the stated value of $1,000 per share and a conversion price of $0.40 per share, the outstanding shares of Series B Preferred Stock at March 31, 2022 were convertible into 117,500 shares of common stock. Common Stock Warrants. The following represents a summary of the warrants outstanding as of March 31, 2022: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Underlying Exercise ​ ​ Issue Year ​ Expiration ​ Shares ​ Price Warrants ​ ​ ​ ​ ​ ​ ​ ​ ​ (1) 2017 June 2022 2,540 $ 41.25 (1) ​ 2017 ​ June 2022 ​ 500 ​ $ 7.50 (2) 2017 June 2022 6,095 $ 105.00 (3) 2017 August 2022 24,935 $ 0.40 (4) 2017 August 2022 4,000 $ 46.88 (5) 2017 August 2022 47,995 $ 150.00 (5) ​ 2017 ​ August 2022 ​ 9,101 ​ $ 7.50 (6) 2017 August 2022 16,664 $ 0.40 (6) ​ 2017 ​ August 2022 ​ 7,335 ​ $ 0.40 (7) 2017 October 2022 666 $ 0.40 (8) ​ 2018 ​ October 2022 ​ 7,207 ​ $ 112.50 (9) ​ 2018 ​ April 2023 ​ 69,964 ​ $ 5.40 (9) ​ 2018 ​ April 2023 ​ 78,414 ​ $ 5.40 (10) ​ 2018 ​ October 2022 ​ 15,466 ​ $ 11.25 (11) ​ 2018 ​ July 2023 ​ 14,671 ​ $ 5.40 (11) ​ 2018 ​ July 2023 ​ 14,672 ​ $ 5.40 (11) ​ 2018 ​ August 2023 ​ 20,903 ​ $ 5.40 (11) ​ 2018 ​ August 2023 ​ 20,903 ​ $ 5.40 (11) ​ 2018 ​ September 2023 ​ 19,816 ​ $ 5.40 (11) ​ 2018 ​ September 2023 ​ 20,903 ​ $ 5.40 (12) ​ 2018 ​ November 2023 ​ 75,788 ​ $ 5.40 (12) ​ 2018 ​ December 2023 ​ 51,282 ​ $ 5.40 (13) ​ 2019 ​ April 2024 ​ 147,472 ​ $ 5.40 (14) ​ 2019 ​ May 2024 ​ 154,343 ​ $ 9.56 ​ 831,635 ​ (1) These warrants were issued in connection with a June 2017 merger transaction (the “Merger”). (2) These warrants were issued in connection with the Merger. (3) These warrants were issued in August 2017. (4) These warrants were issued in August 2017. (5) These warrants were issued in connection with the conversion of our Series A Senior stock. (6) These warrants were issued in connection with the conversion of convertible bridge notes. (7) 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. (8) These warrants were issued in connection with certain debt obligation settlement agreements. (9) These warrants were issued in connection with a 2018 securities purchase agreement, as amended, (the “2018 Note Agreement”). (10) These warrants were issued in connection with the 2018 Note Agreement. (11) These warrants were issued in connection with the 2018 Note Agreement. (12) These warrants were issued in connection with the 2018 Note Agreement. (13) These warrants were issued in connection with the 2018 Note Agreement. (14) These warrants were issued in connection with convertible notes issued in May 2019 (the “May 2019 Bridge Notes”). ​ During the three months ended March 31, 2022 and 2021, zero and 239 warrants expired, respectively. These warrants had been issued in connection with transactions which were completed in January 2016. During the three months ended March 31, 2021, 357 warrants were settled for cash of approximately $0.1 million. For further discussion, see the 2016 Warrant Liability in Note 8 – Fair Value. There were 266 w exercised during the three months ended March 31, 2022 for proceeds to the Company of less than $1,000 . During the three months ended March 31, 2022, the intrinsic value of the w exercised was less than $1,000 . Deemed Dividends Certain of our preferred stock and warrant issuances contain down round provisions which require us to recognize the effect of the down round feature when it is triggered. That effect is treated as a dividend and as a reduction of income available to common shareholders in basic earnings per share. There were no deemed dividends during the three months ended March 31, 2022 and 2021. ​

FAIR VALUE

FAIR VALUE	3 Months Ended
	Mar. 31, 2022
FAIR VALUE [Abstract]
FAIR VALUE	8 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. 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 statements of operations. 2016 Warrant Liability The Company has a warrant liability related to warrants issued in January 2016 (the “2016 Warrant Liability”) and it represents the fair value of such warrants, of which, 357 warrants were settled for cash of approximately $0.1 million in January 2021. The balance of the 2016 Warrant Liability was zero as of March 31, 2022 and December 31, 2021, respectively. Bridge Note Warrant Liabilities During 2018 and 2019, the Company issued warrants in connection with the issuance of convertible notes. All of these warrants issuances were classified as warrant liabilities (the “Bridge Note Warrant Liabilities”). The Bridge Note Warrant Liabilities are considered Level 3 financial instruments and were valued using the Black Scholes model. As of March 31, 2022, Bridge Note Warrant Liabilities outstanding were the result of convertible note issuances on eight different dates in 2018 and 2019. The assumptions used in the valuation of the Bridge Note Warrant Liabilities include the following ranges: remaining life to maturity of 0.1 to 2.1 years; volatility rate of 64% to 188%; and risk free rate of 0.17% to 2.28%. As of December 31, 2021, assumptions used in the valuation of the Bridge Note Warrant Liabilities include: remaining life to maturity of 0.3 to 2.4 years; volatility rate of 61% to 199%; and risk free rate of 0.06 to 0.73%. During the three months ended March 31, 2022 and 2021, the change in the fair value of the warrant liabilities measured using significant unobservable inputs (Level 3) were comprised of the following: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Dollars in Thousands ​ ​ ​ ​ ​ ​ ​ Three Months Ended March 31, 2022 ​ ​ Bridge Note Total Warrant ​ ​ ​ ​ Warrant Liabilities ​ Liabilities Beginning balance at January 1 ​ ​ ​ ​ $ 606 ​ $ 606 Total gains: ​ ​ ​ ​ Revaluation recognized in earnings ​ ​ ​ ​ ​ (222) ​ ​ (222) Balance at March 31 ​ ​ ​ ​ $ 384 ​ $ 384 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended March 31, 2021 ​ 2016 Warrant Bridge Note Total Warrant ​ ​ Liability ​ Warrant Liabilities ​ Liabilities Beginning balance at January 1 ​ $ 130 ​ $ 1,195 ​ $ 1,325 Total losses: ​ ​ ​ Revaluation recognized in earnings ​ ​ – ​ ​ 118 ​ ​ 118 Deductions – warrant liability settlement ​ (130) ​ – ​ (130) Balance at March 31 ​ $ – ​ $ 1,313 ​ $ 1,313 ​

EQUITY INCENTIVE PLAN

EQUITY INCENTIVE PLAN	3 Months Ended
	Mar. 31, 2022
EQUITY INCENTIVE PLAN [Abstract]
EQUITY INCENTIVE PLAN	9 The Company currently issues stock awards under its 2017 Stock Option and Incentive Plan, as amended (the “2017 Plan”) which will expire on June 5, 2027. The shares authorized for issuance under the 2017 Plan were 3,852,853 at March 31, 2022, of which 216,067 were available for future grant. The shares authorized under the 2017 Plan are subject to annual increases on January 1 by 5% of the number of shares of common stock issued and outstanding on the immediately preceding December 31, or such lessor number of shares determined by the Company’s Board of Directors or Compensation Committee. During the three months ended March 31, 2022, the shares authorized for issuance increased by 1,135,422 shares. Stock Options. The Company accounts for all stock-based compensation payments to employees and directors, including grants of employee stock options, at fair value at the date of grant and expenses the benefit in operating expense in the condensed consolidated statements of operations over the service period of the awards. The Company records the expense for stock-based compensation awards subject to performance-based milestone vesting over the remaining service period when management determines that achievement of the milestone is probable based on the expected satisfaction of the performance conditions as of the reporting date. The fair value of each stock option granted is estimated on the date of grant using the Black-Scholes option pricing model, which requires various assumptions including estimating stock price volatility, expected life of the stock option, risk free interest rate and estimated forfeiture rate. During the three months ended March 31, 2022, the Company granted stock options to purchase up to 1,004,000 shares of common stock at a weighted average exercise price of $1.54 per share. These awards have vesting periods of up to four years and had a weighted average grant date fair value of $1.48. The fair value calculation of options granted during the three months ended March 31, 2022 used the follow assumptions: risk free interest rates of 1.60%, based on the U.S. Treasury yield in effect at the time of grant; expected life of six years; and volatility of 166% based on historical volatility of the Company’s common stock over a time that is consistent with the expected life of the option. The following table summarizes stock option activity under our plans during the three months ended March 31, 2022: ​ ​ ​ ​ ​ ​ ​ Number of Weighted-Average ​ ​ Options ​ Exercise Price Outstanding at January 1, 2022 2,635,287 ​ $ 3.38 Granted 1,004,000 ​ 1.54 Forfeited (3,800) ​ 4.95 Outstanding at March 31, 2022 3,635,487 ​ $ 2.87 Exercisable at March 31, 2022 1,490,162 ​ $ 3.56 ​ As of March 31, 2022, there were 2,989,427 options that were vested or expected to vest with an aggregate intrinsic value of approximately $3,000 and a remaining weighted average contractual life of 8.7 years. During the three months ended March 31, 2021, there were 591,097 options granted with a weighted average exercise price of $2.16 per share and 55,993 options forfeited with a weighted average exercise price of $2.25 per share. Based on Company policy, stock options will become 100% vested in the event of an employee retirement, with retirement defined as someone who has attained the age of 65 and has served as an employee for the three-year period immediately preceding the retirement date. In connection with the retirement of a former employee in March 2022, the Company accelerated the vesting of shares of previously unvested stock options pursuant to the terms of certain Company stock option agreements previously issued between March 2019 and January 2022. During the three months ended March 31, 2022, the Company accelerated 481,637 shares of previously unvested stock options and recorded $1.1 million of non-cash stock-based compensation expense for the accelerated awards. The Company also extended the remaining contractual term of all outstanding stock options of the former employee as of the retirement date. The Company determined this to be a modification of the stock options which would result in incremental fair value. Management calculated the change in fair value due to the modification to be a non-cash stock-based compensation expense of $0.5 million which is included within operating expense in the accompanying statements of operations during the three months ended March 31, 2022. For the three months ended March 31, 2022 and 2021, we recorded non-cash stock-based compensation expense for all stock awards of $2.2 million and $0.4 million, respectively, within operating expense in the accompanying statements of operations. As of March 31, 2022, the unrecognized compensation expense related to unvested stock awards was $4.6 million, which is expected to be recognized over a weighted-average period of 2.9 years.

SALES SERVICE REVENUE, NET AND

SALES SERVICE REVENUE, NET AND ACCOUNTS RECEIVABLE	3 Months Ended
	Mar. 31, 2022
SALES SERVICE REVENUE, NET AND ACCOUNTS RECEIVABLE [Abstract]
SALES SERVICE REVENUE, NET AND ACCOUNTS RECEIVABLE	10. SALES SERVICE REVENUE, NET AND ACCOUNTS RECEIVABLE ASC Topic 606, “Revenue from contracts with customers” The Company follows the guidance of ASC 606 for the recognition of revenue from contracts with customers to transfer goods and services. 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 determining 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 when the customer obtains control of the asset upon which time the Company recognizes revenue. ​ Nature of Contracts and Customers The Company’s contracts and related performance obligations are similar for its customers and the sales process for all customers starts 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. Reagents and other diagnostic products Control of reagents and other diagnostic products are transferred to the customer at a point in time and, as such, the Company recognizes these revenues at a point in time based on the delivery method. These revenues include revenues from reagent sets for our HSRR program, COVID-19 antibody tests and other product sales and are included in other revenue in our condensed consolidated statements of operations. Equipment leasing The Company accounts for sales-type leases within the scope of ASC 842, Leases, as ASC 606 specifically excludes leases from its guidance. The sales-type leases result in the derecognition of the underlying asset, the recognition of profit or loss on the sale, and the recognition of an investment in leased asset. 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. Service revenue, net for the three months ended March 31, 2022 and 2021 was as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the Three Months Ended March 31, (dollars in thousands) ​ Diagnostic Testing ​ Biomarker Testing ​ Total ​ 2022 2021 2022 2021 2022 2021 Medicaid ​ $ 15 ​ $ 13 ​ $ — ​ $ — ​ $ 15 ​ $ 13 Medicare ​ 974 ​ 984 ​ — ​ — ​ 974 ​ 984 Self-pay ​ 49 ​ 47 ​ — ​ — ​ 49 ​ 47 Third party payers ​ 967 ​ 900 ​ — ​ — ​ 967 ​ 900 Contract diagnostics ​ — ​ — ​ — ​ — ​ — ​ — Service revenue, net ​ $ 2,005 ​ $ 1,944 ​ $ — ​ $ — ​ $ 2,005 ​ $ 1,944 ​ 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 the following types of transactions: diagnostic testing (“Diagnostic”), revenues from the Company’s ICP technology and bio-pharma projects encompassing genetic diagnostics (collectively “Biomarker”), revenues from clinical research grants from state and federal research programs and diagnostic product sales, including revenues from equipment leases and reagent sales associated with our HSRR program. 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, 2022 and December 31, 2021, the deferred revenue was $21,000 and $18,000, respectively. Contractual Allowances and Adjustments We are reimbursed by payers for services we provide. Payments for services covered by payers average less than billed charges. We monitor revenue and receivables from payers 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 payers. Accordingly, the total revenue and receivables reported in our condensed consolidated financial statements are recorded at the amounts expected to be received from these payers. 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 payer/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 payer class during the three months ended March 31, 2022 and 2021 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the Three Months Ended March 31, (dollars in thousands) ​ ​ ​ Contractual Allowances and ​ Revenues, net of Contractual ​ ​ Gross Revenues ​ adjustments ​ Allowances and adjustments ​ 2022 2021 2022 2021 2022 2021 Medicaid ​ $ 15 ​ $ 13 ​ $ — ​ $ — ​ $ 15 ​ $ 13 Medicare ​ 974 ​ 984 ​ — ​ — ​ 974 ​ 984 Self-pay ​ 49 ​ 47 ​ — ​ — ​ 49 ​ 47 Third party payers ​ 3,385 ​ 3,133 ​ (2,418) ​ (2,233) ​ 967 ​ 900 Contract diagnostics ​ — ​ — ​ — ​ — ​ — ​ — ​ ​ 4,423 ​ 4,177 ​ (2,418) ​ (2,233) ​ 2,005 ​ 1,944 Other ​ 522 ​ 167 ​ — ​ — ​ 522 ​ 167 ​ ​ $ 4,945 ​ $ 4,344 ​ $ (2,418) ​ $ (2,233) ​ $ 2,527 ​ $ 2,111 ​ Allowance for Doubtful Accounts The Company provides for a general allowance for collectability of services when recording net sales. The Company has adopted the policy of recognizing net sales to the extent it expects to collect that amount. Reference is made to 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 patient service revenues. The following table presents our reported revenues net of the collection allowance and adjustments for the three months ended March 31, 2022 and 2021. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the Three Months Ended March 31, ​ ​ Revenues, net of ​ ​ ​ (dollars in thousands) ​ Contractual Allowances ​ Allowances for doubtful ​ ​ ​ and adjustments ​ accounts ​ Total ​ 2022 2021 2022 2021 2022 2021 Medicaid ​ $ 15 ​ $ 13 ​ $ (7) ​ $ (8) ​ $ 8 ​ $ 5 Medicare ​ 974 ​ 984 ​ (24) ​ (99) ​ 950 ​ 885 Self-pay ​ 49 ​ 47 ​ — ​ — ​ 49 ​ 47 Third party payers ​ 967 ​ 900 ​ (49) ​ (180) ​ 918 ​ 720 Contract diagnostics ​ — ​ — ​ — ​ — ​ — ​ — ​ ​ 2,005 ​ 1,944 ​ (80) ​ (287) ​ 1,925 ​ 1,657 Other ​ 522 ​ 167 ​ — ​ — ​ 522 ​ 167 ​ ​ $ 2,527 ​ $ 2,111 ​ $ (80) ​ $ (287) ​ $ 2,447 ​ $ 1,824 ​ ​ 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 outstanding related to payer categories: ​ ​ ​ ​ ​ ​ ​ ​ (dollars in thousands) March 31, 2022 December 31, 2021 Medicaid ​ $ 45 ​ $ 45 Medicare ​ 963 ​ 727 Self-pay ​ 229 ​ 139 Third party payers ​ 1,596 ​ 2,111 Contract diagnostic services and other ​ 347 ​ 159 ​ ​ $ 3,180 ​ $ 3,181 Less allowance for doubtful accounts ​ (2,026) ​ (2,484) Accounts receivable, net ​ $ 1,154 ​ $ 697 ​ The following table presents the roll-forward of the allowance for doubtful accounts for the three months ended March 31, 2022. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Allowance for ​ ​ ​ ​ ​ Doubtful (dollars in thousands) ​ ​ ​ ​ Accounts Balance, January 1, 2022 ​ ​ $ (2,484) Collection Allowance: ​ ​ Medicaid ​ $ (7) ​ Medicare ​ (24) ​ Third party payers ​ (49) ​ ​ ​ (80) ​ Bad debt expense ​ $ 2 ​ Total charges ​ ​ (78) Other ​ ​ ​ ​ ​ 536 Balance, March 31, 2022 ​ ​ $ (2,026) ​ For the three months ended March 31, 2022, the allowance for doubtful accounts was adjusted by $0.5 million due to the revaluation of fully reserved accounts receivable and customer credits at January 1, 2022. The adjustment had no effect on our net accounts receivable or total assets in our condensed consolidated balance sheets. ​ ​ Customer Revenue and Accounts Receivable Concentration Our customers are oncologists, hospitals, reference laboratories, physician-office laboratories, and pharma and biotech companies. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Net sales ​ ​ Accounts receivable, as of ​ ​ ​ Three Months Ended ​ ​ ​ ​ ​ ​ March 31, ​ ​ March 31, ​ December 31, ​ ​ ​ 2022 ​ 2021 ​ ​ 2022 ​ 2021 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Customer A ​ 10 % * ​ ​ 19 % 21 % Customer B ​ * ​ * ​ ​ 11 % * ​ Customer C ​ * ​ * ​ ​ * ​ 12 % ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ * represents less than 10% ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS	3 Months Ended
	Mar. 31, 2022
Subsequent Events [Abstract]
SUBSEQUENT EVENTS	11. SUBSEQUENT EVENTS The Company has evaluated events and transactions subsequent to March 31, 2022 through the date the condensed consolidated financial statements were issued and there are no other events to report other than what has been disclosed in the condensed consolidated financial statements. ​

SUMMARY OF SIGNIFICANT ACCOUN_2

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	3 Months Ended
	Mar. 31, 2022
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES [Abstract]
Basis of Presentation	Basis of Presentation. The accompanying condensed consolidated financial statements are presented in conformity with GAAP and, as of March 31, 2022 and for the three months ended March 31, 2022 and 2021, are unaudited and reflect all adjustments (consisting of only normal recurring adjustments) that are 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, 2021 contained in our Annual Report on Form 10-K, filed with the Securities and Exchange Commission (the “SEC”) on March 30, 2022. The results of operations for the interim periods presented are not necessarily indicative of the results for fiscal year 2022. The condensed consolidated financial statements include the accounts of Precipio and its wholly owned subsidiaries, and the Joint Venture which is a VIE in which we are the primary beneficiary. Refer to the section titled “Consolidation of Variable Interest Entities” for further information related to our accounting for the Joint Venture. All intercompany balances have been eliminated in consolidation.
Recent Accounting Pronouncements	Recently Adopted Accounting Pronouncements. In July 2021, the FASB issued ASU 2021-05, Lease (Topic 842), “Lessors - Certain Leases with Variable Lease Payments” In May 2021, the FASB issued ASU 2021-04, “ Issuer s Accounting for Certain Modifications or Exchanges of Freestanding Equity-Classified Written Call Options” guidance on January 1, 2022. The adoption of this standard was not material to our condensed consolidated financial statements. Recent Accounting Pronouncements Not Yet Adopted. In August 2020, the FASB issued ASU 2020-06 “ Debt—Debt with Conversion and Other Options (Subtopic 470-20) and Derivatives and Hedging—Contracts in Entity’s Own Equity (Subtopic 815-40): Accounting for Convertible Instruments and Contracts in an Entity’s Own Equity In June 2016, the FASB issued ASU 2016-13 “ Measurement of Credit Losses on Financial Instruments
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 4,584,622 and 2,381,497 shares of our common stock have been excluded from the computation of diluted loss per share at March 31, 2022 and 2021, 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, ​ 2022 2021 Stock options 3,635,487 1,358,096 Warrants 831,635 905,901 Preferred stock 117,500 117,500 Total 4,584,622 2,381,497
Consolidation of Variable Interest Entities	Consolidation of Variable Interest Entities. We evaluate any entity in which we are involved to determine if the entity is a VIE and if so, whether we hold a variable interest and are the primary beneficiary. We consolidate VIEs that are subject to assessment when we are deemed to be the primary beneficiary of the VIE. The process for determining whether we are the primary beneficiary of the VIE is to conclude whether we are a party to the VIE holding a variable interest that meets both of the following criteria: (1) has the power to make decisions that most significantly affect the economic performance of the VIE, and (2) has the obligation to absorb losses or the right to receive benefits that in either case could potentially be significant to the VIE. ​ We have determined that we hold a variable interest in the Joint Venture, have the power to make significant operational decisions on behalf of the VIE and also have the obligation to absorb the majority of the losses from the VIE. As such we have also determined that we are the primary beneficiary of the VIE. The following table presents information about the carrying value of the assets and liabilities of the Joint Venture which we consolidate and which are included on our condensed consolidated balance sheets. Intercompany balances are eliminated in consolidation and not reflected in the following table. ​ ​ ​ ​ ​ ​ ​ ​ (dollars in thousands) March 31, 2022 December 31, 2021 Assets: ​ ​ ​ ​ ​ ​ Accounts receivable, net ​ $ 239 ​ $ 180 Total assets ​ $ 239 ​ $ 180 Liabilities: ​ ​ ​ ​ ​ ​ Accrued expenses ​ $ 33 ​ $ 36 Total liabilities ​ $ 33 ​ $ 36 Noncontrolling interest in Joint Venture ​ $ 46 ​ $ 40 Total stockholders' equity ​ $ 91 ​ $ 79

SUMMARY OF SIGNIFICANT ACCOUN_3

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)	3 Months Ended
	Mar. 31, 2022
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES [Abstract]
Schedule of Variable Interest Entities	​ ​ ​ ​ ​ ​ ​ ​ (dollars in thousands) March 31, 2022 December 31, 2021 Assets: ​ ​ ​ ​ ​ ​ Accounts receivable, net ​ $ 239 ​ $ 180 Total assets ​ $ 239 ​ $ 180 Liabilities: ​ ​ ​ ​ ​ ​ Accrued expenses ​ $ 33 ​ $ 36 Total liabilities ​ $ 33 ​ $ 36 Noncontrolling interest in Joint Venture ​ $ 46 ​ $ 40 Total stockholders' equity ​ $ 91 ​ $ 79
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, ​ 2022 2021 Stock options 3,635,487 1,358,096 Warrants 831,635 905,901 Preferred stock 117,500 117,500 Total 4,584,622 2,381,497

LONG-TERM DEBT (Tables)

LONG-TERM DEBT (Tables)	3 Months Ended
	Mar. 31, 2022
LONG-TERM DEBT [Abstract]
Schedule of debt	Long-term debt consists of the following: ​ ​ ​ ​ ​ ​ ​ ​ ​ Dollars in Thousands ​ March 31, 2022 December 31, 2021 Department of Economic and Community Development (DECD) ​ $ 198 ​ $ 205 DECD debt issuance costs ​ (18) ​ (19) Total long-term debt ​ 180 ​ 186 Current portion of long-term debt ​ (26) ​ (26) Long-term debt, net of current maturities ​ $ 154 ​ $ 160

ACCRUED EXPENSES OTHER CURREN_2

ACCRUED EXPENSES OTHER CURRENT LIABILITIES (Tables)	3 Months Ended
	Mar. 31, 2022
ACCRUED EXPENSES OTHER CURRENT LIABILITIES [Abstract]
Accrued expenses	Accrued expenses at March 31, 2022 and December 31, 2021 are as follows: ​ ​ ​ ​ ​ ​ ​ (dollars in thousands) 2022 2021 Accrued expenses ​ $ 995 ​ $ 1,033 Accrued compensation ​ 565 ​ 718 Accrued franchise, property and sales and use taxes ​ ​ 94 ​ ​ 148 Accrued interest ​ 19 ​ 19 ​ ​ $ 1,673 ​ $ 1,918

LEASES (Tables)

LEASES (Tables)	3 Months Ended
	Mar. 31, 2022
LEASES [Abstract]
Summary of balance sheet presentation of our operating and finance leases	​ ​ ​ ​ ​ ​ ​ ​ (dollars in thousands) ​ ​ ​ ​ ​ ​ Classification on the Condensed Consolidated Balance Sheet ​ March 31, 2022 ​ December 31, 2021 Assets: ​ ​ ​ ​ ​ ​ Operating lease right-of-use assets, net ​ $ 812 ​ $ 858 Finance lease right-of-use assets, net (1) ​ ​ 337 ​ ​ 371 Total lease assets ​ $ 1,149 ​ $ 1,229 ​ ​ ​ ​ ​ ​ ​ Liabilities: ​ ​ ​ ​ ​ ​ Current: ​ ​ ​ ​ ​ ​ Current maturities of operating lease liabilities ​ $ 162 ​ $ 166 Current maturities of finance lease liabilities ​ ​ 195 ​ ​ 222 Noncurrent: ​ ​ ​ ​ ​ ​ Operating lease liabilities, less current maturities ​ ​ 656 ​ ​ 697 Finance lease liabilities, less current maturities ​ ​ 130 ​ ​ 159 Total lease liabilities ​ $ 1,143 ​ $ 1,244 (1) As of March 31, 2022 and December 31, 2021, finance lease right-of-use assets included $48 and $61, respectively, of assets related to finance leases associated with the HSRR program.
Summary of estimated future minimum lease payments for finance leases	As of March 31, 2022 and December 31, 2021, the estimated future minimum lease payments, excluding non-lease components, are as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (dollars in thousands) Operating Leases ​ Finance Leases ​ Total ​ ​ ​ March 31, ​ ​ December 31, ​ ​ March 31, ​ ​ December 31, ​ ​ March 31, ​ ​ December 31, ​ ​ ​ 2022 ​ ​ 2021 ​ ​ 2022 ​ ​ 2021 ​ ​ 2022 ​ ​ 2021 2022 ​ $ 165 ​ $ 227 ​ $ 116 ​ $ 176 ​ $ 281 ​ $ 403 2023 ​ 218 ​ ​ 218 ​ 101 ​ ​ 101 ​ 319 ​ 319 2024 ​ 205 ​ ​ 204 ​ 80 ​ ​ 80 ​ 285 ​ 284 2025 ​ 191 ​ ​ 191 ​ 65 ​ ​ 65 ​ 256 ​ 256 2026 ​ ​ 194 ​ ​ 195 ​ ​ 26 ​ ​ 26 ​ ​ 220 ​ ​ 221 Thereafter ​ — ​ ​ — ​ — ​ ​ — ​ — ​ — Total lease obligations ​ 973 ​ ​ 1,035 ​ 388 ​ ​ 448 ​ 1,361 ​ 1,483 Less: Amount representing interest ​ (155) ​ ​ (172) ​ (63) ​ ​ (67) ​ (218) ​ (239) Present value of net minimum lease obligations ​ 818 ​ ​ 863 ​ 325 ​ ​ 381 ​ 1,143 ​ 1,244 Less, current portion ​ (162) ​ ​ (166) ​ (195) ​ ​ (222) ​ (357) ​ (388) Long term portion ​ $ 656 ​ $ 697 ​ $ 130 ​ $ 159 ​ $ 786 ​ $ 856
Schedule of other information	​ ​ ​ ​ ​ ​ March 31, ​ December 31, ​ 2022 ​ 2021 Weighted-average remaining lease term (years): ​ ​ ​ Operating leases 4.5 ​ 4.7 Finance leases 3.4 ​ 3.1 Weighted-average discount rate: ​ ​ ​ Operating leases 8.00% ​ 8.00% Finance leases 10.10% ​ 10.03%

STOCKHOLDERS' EQUITY (Tables)

STOCKHOLDERS' EQUITY (Tables)	3 Months Ended
	Mar. 31, 2022
STOCKHOLDERS' EQUITY [Abstract]
Schedule of stockholders' equity, including warrants and rights	The following represents a summary of the warrants outstanding as of March 31, 2022: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Underlying Exercise ​ ​ Issue Year ​ Expiration ​ Shares ​ Price Warrants ​ ​ ​ ​ ​ ​ ​ ​ ​ (1) 2017 June 2022 2,540 $ 41.25 (1) ​ 2017 ​ June 2022 ​ 500 ​ $ 7.50 (2) 2017 June 2022 6,095 $ 105.00 (3) 2017 August 2022 24,935 $ 0.40 (4) 2017 August 2022 4,000 $ 46.88 (5) 2017 August 2022 47,995 $ 150.00 (5) ​ 2017 ​ August 2022 ​ 9,101 ​ $ 7.50 (6) 2017 August 2022 16,664 $ 0.40 (6) ​ 2017 ​ August 2022 ​ 7,335 ​ $ 0.40 (7) 2017 October 2022 666 $ 0.40 (8) ​ 2018 ​ October 2022 ​ 7,207 ​ $ 112.50 (9) ​ 2018 ​ April 2023 ​ 69,964 ​ $ 5.40 (9) ​ 2018 ​ April 2023 ​ 78,414 ​ $ 5.40 (10) ​ 2018 ​ October 2022 ​ 15,466 ​ $ 11.25 (11) ​ 2018 ​ July 2023 ​ 14,671 ​ $ 5.40 (11) ​ 2018 ​ July 2023 ​ 14,672 ​ $ 5.40 (11) ​ 2018 ​ August 2023 ​ 20,903 ​ $ 5.40 (11) ​ 2018 ​ August 2023 ​ 20,903 ​ $ 5.40 (11) ​ 2018 ​ September 2023 ​ 19,816 ​ $ 5.40 (11) ​ 2018 ​ September 2023 ​ 20,903 ​ $ 5.40 (12) ​ 2018 ​ November 2023 ​ 75,788 ​ $ 5.40 (12) ​ 2018 ​ December 2023 ​ 51,282 ​ $ 5.40 (13) ​ 2019 ​ April 2024 ​ 147,472 ​ $ 5.40 (14) ​ 2019 ​ May 2024 ​ 154,343 ​ $ 9.56 ​ 831,635 ​ (1) These warrants were issued in connection with a June 2017 merger transaction (the “Merger”). (2) These warrants were issued in connection with the Merger. (3) These warrants were issued in August 2017. (4) These warrants were issued in August 2017. (5) These warrants were issued in connection with the conversion of our Series A Senior stock. (6) These warrants were issued in connection with the conversion of convertible bridge notes. (7) 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. (8) These warrants were issued in connection with certain debt obligation settlement agreements. (9) These warrants were issued in connection with a 2018 securities purchase agreement, as amended, (the “2018 Note Agreement”). (10) These warrants were issued in connection with the 2018 Note Agreement. (11) These warrants were issued in connection with the 2018 Note Agreement. (12) These warrants were issued in connection with the 2018 Note Agreement. (13) These warrants were issued in connection with the 2018 Note Agreement. (14) These warrants were issued in connection with convertible notes issued in May 2019 (the “May 2019 Bridge Notes”).

FAIR VALUE (Tables)

FAIR VALUE (Tables)	3 Months Ended
	Mar. 31, 2022
FAIR VALUE [Abstract]
Schedule of Changes in Fair Value of Liability	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Dollars in Thousands ​ ​ ​ ​ ​ ​ ​ Three Months Ended March 31, 2022 ​ ​ Bridge Note Total Warrant ​ ​ ​ ​ Warrant Liabilities ​ Liabilities Beginning balance at January 1 ​ ​ ​ ​ $ 606 ​ $ 606 Total gains: ​ ​ ​ ​ Revaluation recognized in earnings ​ ​ ​ ​ ​ (222) ​ ​ (222) Balance at March 31 ​ ​ ​ ​ $ 384 ​ $ 384 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended March 31, 2021 ​ 2016 Warrant Bridge Note Total Warrant ​ ​ Liability ​ Warrant Liabilities ​ Liabilities Beginning balance at January 1 ​ $ 130 ​ $ 1,195 ​ $ 1,325 Total losses: ​ ​ ​ Revaluation recognized in earnings ​ ​ – ​ ​ 118 ​ ​ 118 Deductions – warrant liability settlement ​ (130) ​ – ​ (130) Balance at March 31 ​ $ – ​ $ 1,313 ​ $ 1,313

EQUITY INCENTIVE PLAN (Tables)

EQUITY INCENTIVE PLAN (Tables)	3 Months Ended
	Mar. 31, 2022
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, 2022: ​ ​ ​ ​ ​ ​ ​ Number of Weighted-Average ​ ​ Options ​ Exercise Price Outstanding at January 1, 2022 2,635,287 ​ $ 3.38 Granted 1,004,000 ​ 1.54 Forfeited (3,800) ​ 4.95 Outstanding at March 31, 2022 3,635,487 ​ $ 2.87 Exercisable at March 31, 2022 1,490,162 ​ $ 3.56

SALES SERVICE REVENUE, NET AN_2

SALES SERVICE REVENUE, NET AND ACCOUNTS RECEIVABLE (Tables)	3 Months Ended
	Mar. 31, 2022
SALES SERVICE REVENUE, NET AND ACCOUNTS RECEIVABLE [Abstract]
Schedule of Net Revenues	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the Three Months Ended March 31, (dollars in thousands) ​ Diagnostic Testing ​ Biomarker Testing ​ Total ​ 2022 2021 2022 2021 2022 2021 Medicaid ​ $ 15 ​ $ 13 ​ $ — ​ $ — ​ $ 15 ​ $ 13 Medicare ​ 974 ​ 984 ​ — ​ — ​ 974 ​ 984 Self-pay ​ 49 ​ 47 ​ — ​ — ​ 49 ​ 47 Third party payers ​ 967 ​ 900 ​ — ​ — ​ 967 ​ 900 Contract diagnostics ​ — ​ — ​ — ​ — ​ — ​ — Service revenue, net ​ $ 2,005 ​ $ 1,944 ​ $ — ​ $ — ​ $ 2,005 ​ $ 1,944 ​
Schedule of Gross to Net Sales Adjustments	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the Three Months Ended March 31, (dollars in thousands) ​ ​ ​ Contractual Allowances and ​ Revenues, net of Contractual ​ ​ Gross Revenues ​ adjustments ​ Allowances and adjustments ​ 2022 2021 2022 2021 2022 2021 Medicaid ​ $ 15 ​ $ 13 ​ $ — ​ $ — ​ $ 15 ​ $ 13 Medicare ​ 974 ​ 984 ​ — ​ — ​ 974 ​ 984 Self-pay ​ 49 ​ 47 ​ — ​ — ​ 49 ​ 47 Third party payers ​ 3,385 ​ 3,133 ​ (2,418) ​ (2,233) ​ 967 ​ 900 Contract diagnostics ​ — ​ — ​ — ​ — ​ — ​ — ​ ​ 4,423 ​ 4,177 ​ (2,418) ​ (2,233) ​ 2,005 ​ 1,944 Other ​ 522 ​ 167 ​ — ​ — ​ 522 ​ 167 ​ ​ $ 4,945 ​ $ 4,344 ​ $ (2,418) ​ $ (2,233) ​ $ 2,527 ​ $ 2,111
Schedule of Reported Revenues Net of Collection Allowance	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the Three Months Ended March 31, ​ ​ Revenues, net of ​ ​ ​ (dollars in thousands) ​ Contractual Allowances ​ Allowances for doubtful ​ ​ ​ and adjustments ​ accounts ​ Total ​ 2022 2021 2022 2021 2022 2021 Medicaid ​ $ 15 ​ $ 13 ​ $ (7) ​ $ (8) ​ $ 8 ​ $ 5 Medicare ​ 974 ​ 984 ​ (24) ​ (99) ​ 950 ​ 885 Self-pay ​ 49 ​ 47 ​ — ​ — ​ 49 ​ 47 Third party payers ​ 967 ​ 900 ​ (49) ​ (180) ​ 918 ​ 720 Contract diagnostics ​ — ​ — ​ — ​ — ​ — ​ — ​ ​ 2,005 ​ 1,944 ​ (80) ​ (287) ​ 1,925 ​ 1,657 Other ​ 522 ​ 167 ​ — ​ — ​ 522 ​ 167 ​ ​ $ 2,527 ​ $ 2,111 ​ $ (80) ​ $ (287) ​ $ 2,447 ​ $ 1,824 ​
Schedule of Receivables	​ ​ ​ ​ ​ ​ ​ ​ (dollars in thousands) March 31, 2022 December 31, 2021 Medicaid ​ $ 45 ​ $ 45 Medicare ​ 963 ​ 727 Self-pay ​ 229 ​ 139 Third party payers ​ 1,596 ​ 2,111 Contract diagnostic services and other ​ 347 ​ 159 ​ ​ $ 3,180 ​ $ 3,181 Less allowance for doubtful accounts ​ (2,026) ​ (2,484) Accounts receivable, net ​ $ 1,154 ​ $ 697
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, 2022. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Allowance for ​ ​ ​ ​ ​ Doubtful (dollars in thousands) ​ ​ ​ ​ Accounts Balance, January 1, 2022 ​ ​ $ (2,484) Collection Allowance: ​ ​ Medicaid ​ $ (7) ​ Medicare ​ (24) ​ Third party payers ​ (49) ​ ​ ​ (80) ​ Bad debt expense ​ $ 2 ​ Total charges ​ ​ (78) Other ​ ​ ​ ​ ​ 536 Balance, March 31, 2022 ​ ​ $ (2,026)
Schedule of Customer Revenue and Accounts Receivable Concentrations	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Net sales ​ ​ Accounts receivable, as of ​ ​ ​ Three Months Ended ​ ​ ​ ​ ​ ​ March 31, ​ ​ March 31, ​ December 31, ​ ​ ​ 2022 ​ 2021 ​ ​ 2022 ​ 2021 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Customer A ​ 10 % * ​ ​ 19 % 21 % Customer B ​ * ​ * ​ ​ 11 % * ​ Customer C ​ * ​ * ​ ​ * ​ 12 % ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ * represents less than 10% ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

BUSINESS DESCRIPTION (Narrative

BUSINESS DESCRIPTION (Narrative) (Details) - USD ($) $ / shares in Units, $ in Thousands	Apr. 02, 2021	Mar. 31, 2022	Mar. 31, 2021	Dec. 31, 2021
Business Acquisition [Line Items]
Net loss		$ 4,600
Accumulated deficit		(84,684)		$ (80,094)
Working deficiency		7,000
Net cash used in operating activities		$ (2,334)	$ (1,260)
Proceeds from issuance of common stock			$ 1,260
Common stock, par value		$ 0.01		$ 0.01
Sales Agreement with Alliance Global Partners
Business Acquisition [Line Items]
Proceeds from issuance of common stock	$ 15,400
Sale of common stock	4,501,000
Additional shares available for future sales	$ 6,600
Sales Agreement with Alliance Global Partners | Maximum [Member]
Business Acquisition [Line Items]
Proceeds from issuance of common stock	$ 22,000

SUMMARY OF SIGNIFICANT ACCOUN_4

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Narrative) (Details) - shares	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Finite-Lived Intangible Assets [Line Items]
Securities not included in the computation of diluted net loss per share	4,584,622	2,381,497

SUMMARY OF SIGNIFICANT ACCOUN_5

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Outstanding Securities) (Details) - shares	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Securities not included in the computation of diluted net loss per share	4,584,622	2,381,497
Stock Options [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Securities not included in the computation of diluted net loss per share	3,635,487	1,358,096
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	831,635	905,901
Preferred Stock [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Securities not included in the computation of diluted net loss per share	117,500	117,500

SUMMARY OF SIGNIFICANT ACCOUN_6

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (VIE) (Details) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021	Mar. 31, 2021	Dec. 31, 2020
Assets:
Accounts receivable, net	$ 1,154	$ 697
Total assets	27,971	30,439
Liabilities:
Accrued expenses	1,673	1,918
Total liabilities	5,719	5,835
Total stockholders' equity	22,252	24,604	$ 14,558	$ 14,162
Variable Interest Entity, Primary Beneficiary [Member]
Assets:
Accounts receivable, net	239	180
Total assets	239	180
Liabilities:
Accrued expenses	33	36
Total liabilities	33	36
Noncontrolling Interest in Joint Venture	46	40
Total stockholders' equity	$ 91	$ 79

LONG-TERM DEBT (Schedule of Deb

LONG-TERM DEBT (Schedule of Debt) (Details) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Debt Instrument [Line Items]
Total long-term debt	$ 180	$ 186
Current portion of long-term debt	(26)	(26)
Long-term debt, net of current maturities	154	160
Department of Economic and Community Development (DECD)
Debt Instrument [Line Items]
Total long-term debt	198	205
Debt issuance cost	$ (18)	$ (19)

LONG-TERM DEBT (Department of E

LONG-TERM DEBT (Department of Economic and Community Development) (Details) - Department of Economic and Community Development (DECD) - USD ($)	Jan. 08, 2018	Mar. 31, 2022	Mar. 31, 2021
Debt Instrument [Line Items]
Debt instrument, term	10 years
Debt instrument, maturity date	Dec. 31, 2027	May 31, 2028
Interest rate (as a percent)	3.25%
Term loan
Debt Instrument [Line Items]
Proceeds from long-term debt	$ 300,000
Amortization of debt issuance cost		$ 1,000	$ 1,000

ACCRUED EXPENSES OTHER CURREN_3

ACCRUED EXPENSES OTHER CURRENT LIABILITIES (Accrued Expenses) (Details) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
ACCRUED EXPENSES OTHER CURRENT LIABILITIES [Abstract]
Accrued expenses	$ 995	$ 1,033
Accrued compensation	565	718
Accrued franchise, property and sales and use taxes	94	148
Accrued interest	19	19
Accrued expenses	$ 1,673	$ 1,918

ACCRUED EXPENSES OTHER CURREN_4

ACCRUED EXPENSES OTHER CURRENT LIABILITIES (Narrative) (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Maximum [Member]
Reduction in Certain Accrued Expense and Accounts Payable	$ 0.1	$ 0.1

COMMITMENTS AND CONTINGENCIES (

COMMITMENTS AND CONTINGENCIES (Narrative) (Details) - CPA Global - USD ($) $ in Millions	Feb. 06, 2017	Mar. 31, 2022	Dec. 31, 2021
Loss Contingencies [Line Items]
Loss contingency, damages sought	$ 0.2
Maximum [Member]
Loss Contingencies [Line Items]
Loss contingency accrual		$ 0.1	$ 0.1

LEASES - Narrative (Details)

LEASES - Narrative (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2022USD ($)item	Mar. 31, 2021USD ($)	Dec. 31, 2021USD ($)
Lessee, Lease, Description [Line Items]
Operating leases	$ 100	$ 100
Operating lease right-of-use assets obtained in exchange for operating lease obligations	0	0
Operating lease right-of-use assets, net	812		$ 858
Operating Lease, Liability, Noncurrent	656		697
Finance lease ROU assets	34	11
Net investment in leased assets	$ 200		$ 200
Minimum [Member]
Lessee, Lease, Description [Line Items]
Facility leases | item	1
Renewal term	1 year
Maximum [Member]
Lessee, Lease, Description [Line Items]
Renewal term	5 years
Right of Use Asset
Lessee, Lease, Description [Line Items]
Finance lease ROU assets	$ 0	$ 100

LEASES - Operating and Financin

LEASES - Operating and Financing leases (Details) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Balance sheet presentation of our operating and financing leases
Operating lease right-of-use assets, net	$ 812	$ 858
Finance lease right-of-use assets, net	337	371
Total lease assets	1,149	1,229
Current maturities of operating lease liabilities	162	166
Current maturities of finance lease liabilities	195	222
Operating lease liabilities, less current maturities	656	697
Finance lease liabilities, less current maturities	130	159
Total lease liabilities	1,143	1,244
HemeScreen Reagent Rental [Member]
Balance sheet presentation of our operating and financing leases
Finance lease right-of-use assets, net	$ 48	$ 61

LEASES - Future Minimum Lease P

LEASES - Future Minimum Lease Payments (Details) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Operating leases, estimated future minimum lease payments
2022	$ 165	$ 227
2023	218	218
2024	205	204
2025	191	191
2026	194	195
Total lease obligations	973	1,035
Less: Amount representing interest	(155)	(172)
Present value of net minimum lease obligations	818	863
Less, current portion	(162)	(166)
Long term portion	656	697
Finance leases, estimated future minimum lease payments
2022	116	176
2023	101	101
2024	80	80
2025	65	65
2026	26	26
Total lease obligations	388	448
Less: Amount representing interest	(63)	(67)
Present value of net minimum lease obligations	325	381
Less, current portion	(195)	(222)
Long term portion	130	159
2022	281	403
2023	319	319
2024	285	284
2025	256	256
2026	220	221
Total lease obligations	1,361	1,483
Less: Amount representing interest	(218)	(239)
Total lease liabilities	1,143	1,244
Less, current portion	(357)	(388)
Long term portion	$ 786	$ 856

LEASES - Other Information (Det

LEASES - Other Information (Details)	Mar. 31, 2022	Dec. 31, 2021
LEASES [Abstract]
Operating leases (in years)	4 years 6 months	4 years 8 months 12 days
Finance leases (in years)	3 years 4 months 24 days	3 years 1 month 6 days
Operating leases discount rate	8.00%	8.00%
Finance leases discount rate	10.10%	10.03%

LEASES - Operating and Financ_2

LEASES - Operating and Financing Lease Cost (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Lessee, Lease, Description [Line Items]
Operating lease costs	$ 0.1	$ 0.1
Maximum [Member]
Lessee, Lease, Description [Line Items]
Short-term lease costs	0.1	0.1
Finance leases, amortization expense and interest	$ 0.1	$ 0.1

STOCKHOLDERS' EQUITY (Common St

STOCKHOLDERS' EQUITY (Common Stock, 2018 Purchase Agreement and LP Purchase Agreement) (Details) - USD ($)	Mar. 26, 2020	Mar. 31, 2022	Mar. 31, 2021	Dec. 31, 2021	Dec. 20, 2018	Dec. 19, 2018
Class of Stock [Line Items]
Common stock, shares authorized (in shares)		150,000,000		150,000,000	250,000,000	150,000,000
Warrant exercises in period			0
Shares issued (in shares)		22,708,708		22,708,442
Common stock, shares outstanding (in shares)		22,708,708		22,708,442
Issuance of common stock, net of issuance costs			$ 1,260,000
Issuance of common stock for consulting services			$ 150,000
Common Stock [Member]
Class of Stock [Line Items]
Proceeds upon issuance of common stock from exercise of warrants (in shares)		266
Warrant exercises in period		266
Issuance of common stock for consulting services (in shares)			55,147
Issuance of common stock for consulting services			$ 200,000
Common Stock [Member]
Class of Stock [Line Items]
Proceeds upon issuance of common stock from exercise of warrants (in shares)		266
Preferred Class B
Class of Stock [Line Items]
Conversion price (in dollars per share)		$ 0.40
Lincoln Park [Member]
Class of Stock [Line Items]
Shares sold in offering (in shares)			500,000
Issuance of common stock, net of issuance costs			$ 1,300,000
Maximum [Member] | Common Stock [Member]
Class of Stock [Line Items]
Proceeds from exercise of warrants		$ 1,000
LP 2020 Purchase Agreement [Member] | Lincoln Park [Member]
Class of Stock [Line Items]
Issuance of common stock in connection with at the market offering, net of issuance costs	$ 10,000,000

STOCKHOLDERS' EQUITY (At The Ma

STOCKHOLDERS' EQUITY (At The Market Offering Agreement) (Details) - USD ($) $ / shares in Units, $ in Thousands	Apr. 02, 2021	Mar. 31, 2022	Mar. 31, 2021	Dec. 31, 2021	Apr. 13, 2020
Class of Stock [Line Items]
Common stock, par value		$ 0.01		$ 0.01
Proceeds from issuance of common stock			$ 1,260
AGP
Class of Stock [Line Items]
Proceeds from issuance of common stock		$ 14,900
AGP | At The Market Offering Agreement
Class of Stock [Line Items]
Common stock, par value	$ 0.01
Aggregate sales proceeds of common stock	$ 22,000
Aggregate authorized offering price					$ 50,000
Percentage of cash fee	3.00%
Proceeds from issuance of common stock		$ 0	$ 0

STOCKHOLDERS' EQUITY (Preferred

STOCKHOLDERS' EQUITY (Preferred Stock) (Details) - shares	Mar. 31, 2022	Dec. 31, 2021
STOCKHOLDERS' EQUITY [Abstract]
Preferred stock, shares authorized (in shares)	15,000,000	15,000,000

STOCKHOLDERS' EQUITY (Series B

STOCKHOLDERS' EQUITY (Series B Preferred Stock) (Details) - $ / shares	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021	Dec. 31, 2021	Aug. 25, 2017
Class of Stock [Line Items]
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 outstanding (in shares)	47		47
Preferred stock, shares issued (in shares)	47		47
Preferred Class B
Class of Stock [Line Items]
Preferred stock, par value (in dollars per share)				$ 0.01
Conversion price (in dollars per share)	$ 0.40
Number of shares converted (in shares)	0	0
Preferred stock, shares authorized (in shares)	6,900		6,900	6,900
Preferred stock, shares outstanding (in shares)	47		47
Preferred stock, shares issued (in shares)	6,900		6,900
Preferred Stock, Liquidation Preference Per Share	$ 1,000			$ 1,000
Number of common shares issuable upon conversion of preferred stock.	117,500

STOCKHOLDERS' EQUITY (Schedule

STOCKHOLDERS' EQUITY (Schedule of Warrants) (Details) - USD ($) $ / shares in Units, $ in Millions	1 Months Ended	3 Months Ended
	Jan. 31, 2021	Mar. 31, 2022	Mar. 31, 2021
Class of Stock [Line Items]
Underlying shares (in shares)		831,635
Warrants expired		0	239
Warrants Not Assumed in Merger, Expiring June 2022, Group A [Member]
Class of Stock [Line Items]
Underlying shares (in shares)		2,540
Exercise price (in dollars per share)		$ 41.25
Warrants Not Assumed in Merger, Expiring June 2022, Group B [Member]
Class of Stock [Line Items]
Underlying shares (in shares)		500
Exercise price (in dollars per share)		$ 7.50
Warrants Not Assumed In Merger, Expiring June 2022 Group C [Member]
Class of Stock [Line Items]
Underlying shares (in shares)		6,095
Exercise price (in dollars per share)		$ 105
Warrants Not Assumed in Merger, Expiring August 2022, Group A [Member]
Class of Stock [Line Items]
Underlying shares (in shares)		24,935
Exercise price (in dollars per share)		$ 0.40
Warrants Not Assumed in Merger, Expiring August 2022, Group B [Member]
Class of Stock [Line Items]
Underlying shares (in shares)		4,000
Exercise price (in dollars per share)		$ 46.88
Warrants Not Assumed in Merger, Expiring August 2022, Group C [Member]
Class of Stock [Line Items]
Underlying shares (in shares)		47,995
Exercise price (in dollars per share)		$ 150
Warrants Not Assumed in Merger, Expiring August 2022, Group D [Member]
Class of Stock [Line Items]
Underlying shares (in shares)		9,101
Exercise price (in dollars per share)		$ 7.50
Warrants Not Assumed In Merger, Expiring August 2022 Group E [Member]
Class of Stock [Line Items]
Underlying shares (in shares)		16,664
Exercise price (in dollars per share)		$ 0.40
Warrants Not Assumed In Merger, Expiring August2022 Group F [Member]
Class of Stock [Line Items]
Underlying shares (in shares)		7,335
Exercise price (in dollars per share)		$ 0.40
Warrants Not Assumed in Merger, Expiring October 2022 Group A [Member]
Class of Stock [Line Items]
Underlying shares (in shares)		666
Exercise price (in dollars per share)		$ 0.40
Warrants Not Assumed in Merger, Expiring October 2022 Group B [Member]
Class of Stock [Line Items]
Underlying shares (in shares)		7,207
Exercise price (in dollars per share)		$ 112.50
Warrants Not Assumed In Merger, Expiring April 2023 Group A [Member]
Class of Stock [Line Items]
Underlying shares (in shares)		69,964
Exercise price (in dollars per share)		$ 5.40
Warrants Not Assumed In Merger, Expiring April 2023 Group B [Member]
Class of Stock [Line Items]
Underlying shares (in shares)		78,414
Exercise price (in dollars per share)		$ 5.40
Warrants Not Assumed in Merger, Expiring October 2022 Group C [Member]
Class of Stock [Line Items]
Underlying shares (in shares)		15,466
Exercise price (in dollars per share)		$ 11.25
Warrants Not Assumed In Merger, Expiring July 2023 Group A [Member]
Class of Stock [Line Items]
Underlying shares (in shares)		14,671
Exercise price (in dollars per share)		$ 5.40
Warrants Not Assumed In Merger, Expiring July 2023 Group B [Member]
Class of Stock [Line Items]
Underlying shares (in shares)		14,672
Exercise price (in dollars per share)		$ 5.40
Warrants Not Assumed In Merger, Expiring August 2023 Group A [Member]
Class of Stock [Line Items]
Underlying shares (in shares)		20,903
Exercise price (in dollars per share)		$ 5.40
Warrants Not Assumed In Merger, Expiring August 2023 Group B [Member]
Class of Stock [Line Items]
Underlying shares (in shares)		20,903
Exercise price (in dollars per share)		$ 5.40
Warrants Not Assumed In Merger, Expiring September 2023 Group A [Member]
Class of Stock [Line Items]
Underlying shares (in shares)		19,816
Exercise price (in dollars per share)		$ 5.40
Warrants Not Assumed In Merger, Expiring September 2023 Group B [Member]
Class of Stock [Line Items]
Underlying shares (in shares)		20,903
Exercise price (in dollars per share)		$ 5.40
Warrants Not Assumed In Merger, Expiring November 2023 [Member]
Class of Stock [Line Items]
Underlying shares (in shares)		75,788
Exercise price (in dollars per share)		$ 5.40
Warrants Not Assumed In Merger, Expiring December 2023 [Member]
Class of Stock [Line Items]
Underlying shares (in shares)		51,282
Exercise price (in dollars per share)		$ 5.40
Warrants Not Assumed In Merger, Expiring April 2024 [Member]
Class of Stock [Line Items]
Underlying shares (in shares)		147,472
Exercise price (in dollars per share)		$ 5.40
Warrants Not Assumed In Merger, Expiring May 2024 [Member]
Class of Stock [Line Items]
Underlying shares (in shares)		154,343
Exercise price (in dollars per share)		$ 9.56
2016 Warrant Liability [Member]
Class of Stock [Line Items]
Warrants outstanding (in shares)	357		357
Settlement of warrant liability	$ 0.1		$ 0.1

STOCKHOLDERS' EQUITY (Offering

STOCKHOLDERS' EQUITY (Offering Warrants) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Equity [Abstract]
Deemed dividend	$ 0	$ 0

STOCKHOLDERS' EQUITY (Note Conv

STOCKHOLDERS' EQUITY (Note Conversion Warrants) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Equity [Abstract]
Deemed dividend	$ 0	$ 0

STOCKHOLDERS' EQUITY (Convertib

STOCKHOLDERS' EQUITY (Convertible Promissory Note Warrants) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Equity [Abstract]
Deemed dividend	$ 0	$ 0

STOCKHOLDERS' EQUITY (Remaining

STOCKHOLDERS' EQUITY (Remaining Warrants) (Details)	Mar. 31, 2022shares
STOCKHOLDERS' EQUITY [Abstract]
Class of warrant, number of securities called by warrants	831,635

STOCKHOLDERS' EQUITY (Deemed Di

STOCKHOLDERS' EQUITY (Deemed Dividends) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Equity [Abstract]
Amount Recorded	$ 0	$ 0

FAIR VALUE (Narratives) (Detail

FAIR VALUE (Narratives) (Details)	1 Months Ended	3 Months Ended
	Jan. 31, 2021USD ($)shares	Mar. 31, 2021USD ($)shares	Mar. 31, 2022USD ($)Y	Dec. 31, 2021Y
2016 Warrant Liability [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Warrants outstanding (in shares) | shares	357	357
Settlement of warrant liability | $	$ 100,000	$ 100,000
Warrants and rights outstanding | $			$ 0
Minimum [Member] | Measurement Input, Price Volatility [Member] | 2018 Warrant Liabilities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Warrants and Rights Outstanding, Measurement Input			64	61
Minimum [Member] | Measurement Input, Risk Free Interest Rate [Member] | 2018 Warrant Liabilities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Warrants and Rights Outstanding, Measurement Input			0.17	0.06
Minimum [Member] | Measurement Input, Expected Term [Member] | 2018 Warrant Liabilities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Warrants and Rights Outstanding, Measurement Input | Y			0.1	0.3
Maximum [Member] | Measurement Input, Price Volatility [Member] | 2018 Warrant Liabilities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Warrants and Rights Outstanding, Measurement Input			188	199
Maximum [Member] | Measurement Input, Risk Free Interest Rate [Member] | 2018 Warrant Liabilities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Warrants and Rights Outstanding, Measurement Input			2.28	0.73
Maximum [Member] | Measurement Input, Expected Term [Member] | 2018 Warrant Liabilities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Warrants and Rights Outstanding, Measurement Input | Y			2.1	2.4

FAIR VALUE (Schedule of Changes

FAIR VALUE (Schedule of Changes in Fair Value of Liability) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Beginning balance	$ 606	$ 1,325
Total losses:
Revaluation recognized in earnings	(222)	118
Deductions - warrant exercises		(130)
Balance at end of period	384	1,313
2016 Warrant Liability [Member]
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Beginning balance		130
Total losses:
Deductions - warrant exercises		(130)
2018 Warrant Liabilities [Member]
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Beginning balance	606	1,195
Total losses:
Revaluation recognized in earnings	(222)	118
Balance at end of period	$ 384	$ 1,313

EQUITY INCENTIVE PLAN (Narrativ

EQUITY INCENTIVE PLAN (Narrative) (Details) - USD ($)	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation	$ 2,200,000	$ 400,000
Unvested stock options, unrecognized compensation expense weighted average recognition period	2 years 10 months 24 days
Unrecognized compensation expense related to unvested stock awards	$ 4,600,000
Stock Options [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Granted (in shares)	1,004,000	591,097
Granted (in dollars per share)	$ 1.54	$ 2.16
Forfeited (in shares)	(3,800)	(55,993)
Forfeited (in dollars per share)	$ 4.95	$ 2.25
Weighted average grant date fair value (in dollars per share)	$ 1.48
Term	6 years
Volatility rate	166.00%
Stock options, expected to vest, outstanding (in shares)	2,989,427
Stock options, expected to vest, outstanding, aggregate intrinsic value	$ 3,000
Stock options, expected to vest remaining contractual term	8 years 8 months 12 days
Percentage of stock option vested at employee retirement	100.00%
Retirement age	65 years
Retirement age employment requirement	3 years
Stock-based compensation	$ 500,000
Risk-free interest rate (as a percent)	1.60%
Accelerated Awards [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Granted (in shares)	481,637
Stock-based compensation	$ 1,100,000
Maximum [Member] | Stock Options [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock options, unvested options, vesting period	4 years
Equity Incentive Plan 2017 [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares authorized	3,852,853
Shares available for grant	216,067
Percentage of annual increase in number of shares authorized for grant	5.00%
Number of additional shares authorized	1,135,422
Equity Incentive Plan 2017 [Member] | Stock Options [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Plan expiration date	Jun. 5, 2027

EQUITY INCENTIVE PLAN (Summary

EQUITY INCENTIVE PLAN (Summary of Stock Option Activity) (Details) - Stock Options [Member] - $ / shares	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Number of Options
Outstanding at beginning of period (in shares)	2,635,287
Granted (in shares)	1,004,000	591,097
Forfeited (in shares)	(3,800)	(55,993)
Outstanding at end of period (in shares)	3,635,487
Exercisable at end of period (in shares)	1,490,162
Weighted-Average Exercise Price
Outstanding at beginning of period (in dollars per share)	$ 3.38
Granted (in dollars per share)	1.54	$ 2.16
Forfeited (in dollars per share)	4.95	$ 2.25
Outstanding at end of period (in dollars per share)	2.87
Exercisable at end of period (in dollars per share)	$ 3.56

SALES SERVICE REVENUE, NET AN_3

SALES SERVICE REVENUE, NET AND ACCOUNTS RECEIVABLE (Narrative) (Details)	3 Months Ended
	Mar. 31, 2022USD ($)segment	Mar. 31, 2021USD ($)	Dec. 31, 2021USD ($)
Concentration Risk [Line Items]
Number of segments | segment	1
Revenue from sales-type leases	$ 0
Deferred revenue	$ 21,000		$ 18,000
Maximum [Member]
Concentration Risk [Line Items]
Revenue from sales-type leases		$ 100,000

SALES SERVICE REVENUE, NET AN_4

SALES SERVICE REVENUE, NET AND ACCOUNTS RECEIVABLE (Schedule of Net Revenues) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Disaggregation of Revenue [Line Items]
Revenue, net of contractual allowances and adjustments	$ 2,527	$ 2,111
Service revenue, net [Member]
Disaggregation of Revenue [Line Items]
Revenue, net of contractual allowances and adjustments	2,005	1,944
Medicaid [Member]
Disaggregation of Revenue [Line Items]
Revenue, net of contractual allowances and adjustments	15	13
Medicaid [Member] | Diagnostic Testing [Member]
Disaggregation of Revenue [Line Items]
Revenue, net of contractual allowances and adjustments	15	13
Medicare [Member]
Disaggregation of Revenue [Line Items]
Revenue, net of contractual allowances and adjustments	974	984
Medicare [Member] | Diagnostic Testing [Member]
Disaggregation of Revenue [Line Items]
Revenue, net of contractual allowances and adjustments	974	984
Self-Pay [Member]
Disaggregation of Revenue [Line Items]
Revenue, net of contractual allowances and adjustments	49	47
Self-Pay [Member] | Diagnostic Testing [Member]
Disaggregation of Revenue [Line Items]
Revenue, net of contractual allowances and adjustments	49	47
Third-Party Payor [Member]
Disaggregation of Revenue [Line Items]
Revenue, net of contractual allowances and adjustments	967	900
Third-Party Payor [Member] | Diagnostic Testing [Member]
Disaggregation of Revenue [Line Items]
Revenue, net of contractual allowances and adjustments	967	900
Services Revenue, Net [Member]
Disaggregation of Revenue [Line Items]
Revenue, net of contractual allowances and adjustments	2,005	1,944
Services Revenue, Net [Member] | Diagnostic Testing [Member]
Disaggregation of Revenue [Line Items]
Revenue, net of contractual allowances and adjustments	$ 2,005	$ 1,944

SALES SERVICE REVENUE, NET AN_5

SALES SERVICE REVENUE, NET AND ACCOUNTS RECEIVABLE (Schedule of Gross to Net Sales Adjustments) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Disaggregation of Revenue [Line Items]
Gross revenue	$ 4,945	$ 4,344
Contractual allowance and adjustments	(2,418)	(2,233)
Service revenue, net	2,527	2,111
Medicaid [Member]
Disaggregation of Revenue [Line Items]
Gross revenue	15	13
Service revenue, net	15	13
Medicare [Member]
Disaggregation of Revenue [Line Items]
Gross revenue	974	984
Service revenue, net	974	984
Self-Pay [Member]
Disaggregation of Revenue [Line Items]
Gross revenue	49	47
Service revenue, net	49	47
Third-Party Payor [Member]
Disaggregation of Revenue [Line Items]
Gross revenue	3,385	3,133
Contractual allowance and adjustments	(2,418)	(2,233)
Service revenue, net	967	900
Service revenue, net [Member]
Disaggregation of Revenue [Line Items]
Gross revenue	4,423	4,177
Contractual allowance and adjustments	(2,418)	(2,233)
Service revenue, net	2,005	1,944
Other [Member]
Disaggregation of Revenue [Line Items]
Gross revenue	522	167
Service revenue, net	$ 522	$ 167

SALES SERVICE REVENUE, NET AN_6

SALES SERVICE REVENUE, NET AND ACCOUNTS RECEIVABLE (Schedule of Sales, Net of Collection Allowance) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Disaggregation of Revenue [Line Items]
Revenue, net of contractual allowances and adjustments	$ 2,527	$ 2,111
Adjustment for allowance for doubtful accounts	(80)	(287)
Net sales	2,447	1,824
Medicaid [Member]
Disaggregation of Revenue [Line Items]
Revenue, net of contractual allowances and adjustments	15	13
Adjustment for allowance for doubtful accounts	(7)	(8)
Net sales	8	5
Medicare [Member]
Disaggregation of Revenue [Line Items]
Revenue, net of contractual allowances and adjustments	974	984
Adjustment for allowance for doubtful accounts	(24)	(99)
Net sales	950	885
Self-Pay [Member]
Disaggregation of Revenue [Line Items]
Revenue, net of contractual allowances and adjustments	49	47
Net sales	49	47
Third-Party Payor [Member]
Disaggregation of Revenue [Line Items]
Revenue, net of contractual allowances and adjustments	967	900
Adjustment for allowance for doubtful accounts	(49)	(180)
Net sales	918	720
Service revenue, net [Member]
Disaggregation of Revenue [Line Items]
Revenue, net of contractual allowances and adjustments	2,005	1,944
Adjustment for allowance for doubtful accounts	(80)	(287)
Net sales	1,925	1,657
Other [Member]
Disaggregation of Revenue [Line Items]
Revenue, net of contractual allowances and adjustments	522	167
Net sales	$ 522	$ 167

SALES SERVICE REVENUE, NET AN_7

SALES SERVICE REVENUE, NET AND ACCOUNTS RECEIVABLE (Schedule of Receivables) (Details) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Accounts receivable, gross	$ 3,180	$ 3,181
Less allowance for doubtful accounts	(2,026)	(2,484)
Accounts receivable, net	1,154	697
Medicaid [Member]
Accounts receivable, gross	45	45
Medicare [Member]
Accounts receivable, gross	963	727
Self-Pay [Member]
Accounts receivable, gross	229	139
Third-Party Payor [Member]
Accounts receivable, gross	1,596	2,111
Contract Diagnostic Services and Other [Member]
Accounts receivable, gross	$ 347	$ 159

SALES SERVICE REVENUE, NET AN_8

SALES SERVICE REVENUE, NET AND ACCOUNTS RECEIVABLE (Schedule of Allowance for Doubtful Accounts) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Allowance for doubtful accounts, Beginning balance	$ (2,484)
Adjustment for allowance for doubtful accounts	(80)	$ (287)
Bad debt expense	2
Total charges	78
Other	536
Allowance for doubtful accounts, Ending balance	(2,026)
Medicaid [Member]
Adjustment for allowance for doubtful accounts	(7)	(8)
Medicare [Member]
Adjustment for allowance for doubtful accounts	(24)	(99)
Third-Party Payor [Member]
Adjustment for allowance for doubtful accounts	$ (49)	$ (180)

SALES SERVICE REVENUE, NET AN_9

SALES SERVICE REVENUE, NET AND ACCOUNTS RECEIVABLE (Schedule of Customer Revenue and Accounts Receivable Concentrations) (Details) - Customer Concentration Risk [Member]	3 Months Ended	12 Months Ended
	Mar. 31, 2022	Dec. 31, 2021
Sales Revenue, Net [Member] | Customer A [Member]
Concentration Risk [Line Items]
Concentration risk, percentage	10.00%
Accounts Receivable [Member] | Customer A [Member]
Concentration Risk [Line Items]
Concentration risk, percentage	19.00%	21.00%
Accounts Receivable [Member] | Customer B [Member]
Concentration Risk [Line Items]
Concentration risk, percentage	11.00%
Accounts Receivable [Member] | Customer C [Member]
Concentration Risk [Line Items]
Concentration risk, percentage		12.00%