Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Operations

v3.24.2.u1
Condensed Consolidated Statements of Operations - USD ($)
 3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Revenue $ 4,648,000 $ 37,000 $ 5,330,000 $ 59,000
Cost of revenue, excluding depreciation and amortization (4,039,000) (23,000) (5,819,000) (54,000)
Depreciation and amortization (219,000) (81,000) (286,000) (263,000)
Research and development (1,111,000) (490,000) (1,867,000) (1,031,000)
General and administrative (4,187,000) (4,328,000) (5,970,000) (7,722,000)
Loss from operations (4,908,000) (4,885,000) (8,612,000) (9,011,000)
Other income (expense):        
Interest expense (145,000) (2,508,000) (1,005,000) (4,525,000)
Loss on extinguishment of warrant liability 0 0 0 (504,000)
Loss on extinguishment of debt 0 (2,345,000) 0 (2,345,000)
Gain on issuance of convertible notes 0 0 0 64,000
Change in fair value of warrants 23,000 2,130,000 0 7,736,000
Change in fair value of notes 0 (6,883,000) 0 (7,000,000)
Other income (expense), net 1,000 (28,000) (24,000) (1,234,000)
Total other income (expense) (121,000) (9,634,000) (1,029,000) (7,808,000)
Loss before income taxes (5,029,000) (14,519,000) (9,641,000) (16,819,000)
Income tax expense 0 0 0 0
Net loss (5,029,000) (14,519,000) (9,641,000) (16,819,000)
Net loss attributable to common stockholders $ (10,253,000) $ (14,616,000) $ (14,865,000) $ (16,977,000)
Net loss per share attributable to common stockholders (in dollars per share) $ (5.89) $ (2,720.27) $ (14.98) $ (3,951.82)
Weighted average shares outstanding, basic and diluted:        
Weighted average shares outstanding, basic (in shares) 1,739,995 5,373 992,278 4,296
Weighted average shares outstanding, diluted (in shares) 1,739,995 5,373 992,278 4,296
Series A Preferred Stock        
Other income (expense):        
Cumulative dividends $ 0 $ (5,000) $ 0 $ (9,000)
Series B Preferred Stock        
Other income (expense):        
Cumulative dividends 0 (29,000) 0 (49,000)
Series C Preferred Stock        
Other income (expense):        
Cumulative dividends 0 (10,000) 0 (10,000)
Series D Preferred Stock        
Other income (expense):        
Deemed dividends 0 0 0 (6,000)
Cumulative dividends 0 (53,000) 0 (84,000)
Series A, Series B and Series C Preferred Stock        
Other income (expense):        
Deemed dividends (1,350,000) 0 (1,350,000) 0
Series F, F1 and F2 Preferred Stock        
Other income (expense):        
Deemed dividends $ (3,874,000) $ 0 $ (3,874,000) $ 0