v3.24.3

Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Current Assets:
Cash and cash equivalents	$ 1,405	$ 1,964
Accounts receivable, net of allowance for credit losses of $52 at September 30, 2024, and $64 at December 31, 2023	3,325	3,687
Prepaid expenses and other current assets	1,302	1,136
Income tax receivable	15	18
Total Current Assets	6,047	6,805
Fixed assets, net of accumulated amortization and depreciation of $21,907 at September 30, 2024, and $23,633 at December 31, 2023	2,236	3,061
Other assets	505	632
Operating lease right-of-use assets	959	1,828
Finance lease right-of-use asset, net	88	0
Total Assets	9,835	12,326
Current Liabilities:
Accounts payable	994	752
Accrued expenses	1,816	2,604
Insurance note payable	418	0
Equipment financing debt	77	305
Current portion of finance lease liability	28	0
Current portion of operating lease liabilities	460	1,048
Total Current Liabilities	3,793	4,709
Long-term portion of operating lease liabilities	535	945
Long-term portion of finance lease liability	61	0
Total Liabilities	4,389	5,654
Commitments and Contingencies
Preferred stock, $0.005 par value, 873 shares authorized, no shares issued or outstanding	$ 0	$ 0
Preferred Stock, Par or Stated Value Per Share (in dollars per share)	$ 0.005	$ 0.005
Common stock, $0.005 par value; 50,000 shares authorized; 6,563 and 6,474 shares issued and 5,895 and 5,806 shares outstanding as of September 30, 2024 and December 31, 2023, respectively	$ 32	$ 32
Additional paid-in capital	35,953	35,129
Accumulated deficit	(18,823)	(16,773)
Less - Treasury stock, at cost, 668 shares	(10,082)	(10,082)
Accumulated other comprehensive loss	(1,634)	(1,634)
Total Shareholders' Equity	5,446	6,672
Total Liabilities and Shareholders' Equity	$ 9,835	$ 12,326

Carrying value as of the balance sheet date of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).

PSYCHEMEDICS CORP 10-Q