Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Operations

v3.24.3
Condensed Consolidated Statements of Operations - USD ($)
$ in Thousands
 3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Revenue $ 8,037 $ 0 $ 13,367 $ 59
Cost of revenue 6,623 0 12,442 54
Gross Profit 1,414 0 925 5
Operating expenses:        
Research and development 720 492 1,945 1,523
General and administrative 6,507 2,941 13,405 10,926
Operating expenses 7,227 3,433 15,350 12,449
Loss from operations (5,813) (3,433) (14,425) (12,444)
Other income (expense), net:        
Interest expense 0 (2,445) (1,001) (6,970)
Loss on extinguishment of warrant liability 0 0 0 (504)
Loss on extinguishment of debt 0 0 0 (2,345)
Gain on issuance of convertible notes 0 0 0 64
Change in fair value of warrants 0 2,688 0 10,424
Change in fair value of notes 0 (40) 0 (7,040)
Change in fair value of derivative liability 0 401 0 401
Other expense, net (51) (30) (79) (1,264)
Total other income (expense), net (51) 574 (1,080) (7,234)
Net loss (5,864) (2,859) (15,505) (19,678)
Net loss attributable to common stockholders $ (5,864) $ (3,142) $ (21,230) $ (20,154)
Net loss per share attributable to common stockholders (in dollars per share) $ (1.26) $ (140.54) $ (9.54) $ (1,941.24)
Weighted Average Number Of Shares Outstanding, Basic And Diluted [Abstract]        
Weighted average shares outstanding, basic (in shares) [1] 4,662,086 22,356 2,224,477 10,382
Weighted average shares outstanding, diluted (in shares) [1] 4,662,086 22,356 2,224,477 10,382
Series A Preferred Stock        
Other income (expense), net:        
Cumulative dividends $ 0 $ (5) $ (18) $ (14)
Series B Preferred Stock        
Other income (expense), net:        
Cumulative dividends 0 (29) (17) (78)
Series C Preferred Stock        
Other income (expense), net:        
Cumulative dividends 0 (10) (46) (20)
Series D Preferred Stock        
Other income (expense), net:        
Deemed dividends 0 0 0 (6)
Cumulative dividends 0 0 0 (53)
Series F preferred stock ("Series F")        
Other income (expense), net:        
Cumulative dividends 0 (144) (341) (190)
Series F-1 Preferred Stock        
Other income (expense), net:        
Cumulative dividends 0 (51) (60) (71)
Series F-2 Preferred Stock        
Other income (expense), net:        
Cumulative dividends 0 (44) (19) (44)
Series A, Series B and Series C Preferred Stock        
Other income (expense), net:        
Deemed dividends 0 0 (1,350) 0
Series F, F1 and F2 Preferred Stock        
Other income (expense), net:        
Deemed dividends $ 0 $ 0 $ (3,874) $ 0
[1] Amounts as of September 30, 2023 differ from those in prior year consolidated financial statements as they were retrospectively adjusted as a result of the accounting or the Reverse Stock Split (as defined in the Notes to the Condensed Consolidated Financial Statements).