Oct. 22 at 9:45 PM
$PRPH On October 23, 2020, we completed the acquisition of CPM, including the acquisition of a 4,000-square-foot CLIA-accredited laboratory in Old Bridge, New Jersey, previously owned by CPM (now known as ProPhase Diagnostics NJ, Inc.). The lease was extended in February 2023 for an additional 36 months, ending in February 2026. The base monthly rent remains the same at
$5,500 per month. The lease extension resulted in the recognition of an additional right-of-use asset and an operating lease obligation of
$170,000, respectively, in fiscal year 2023.
The
$100 million question: What did Ted do with all the money he raised and sold parts of, if ProPhase actually owns nothing?
