Annual report [Section 13 and 15(d), not S-K Item 405]

Consolidated Statements of Operations and Comprehensive Loss

v3.25.1
Consolidated Statements of Operations and Comprehensive Loss - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Revenue $ 19,701 $ 153
Gross margin (714) (781)
Operating expenses:    
Research and development 3,367 2,805
Selling, general and administrative 20,045 15,073
Goodwill impairment charge 0 649
Total operating expenses 23,412 18,527
Loss from operations (24,126) (19,308)
Other income (expense), net:    
Interest expense (994) (9,417)
Loss on extinguishment of warrant liability 0 (504)
Loss on extinguishment of debt 0 (2,345)
Gain on issuance of convertible notes 0 64
Change in fair value of warrants 0 10,458
Change in fair value of notes 0 (7,040)
Change in fair value of derivative liability 0 401
Realized loss from ELOC derivative (800) 0
Other expense, net (26) (1,293)
Total other expense, net (1,820) (9,676)
Net loss and comprehensive loss (25,946) (28,984)
Net loss attributable to common stockholders $ (32,468) $ (29,660)
Diluted (in dollars per share) $ (548.26) $ (109,044.12)
Net loss per share attributable to common stockholders (in dollars per share) [1] $ (548.26) $ (109,044.12)
Weighted Average Number of Shares Outstanding, Basic and Diluted    
Weighted average shares outstanding, basic (in shares) [1] 59,220 272
Weighted average shares outstanding, diluted (in shares) [1] 59,220 272
Nonrelated Party    
Cost of revenue $ 15,078 $ 934
Related Party    
Cost of revenue 5,337 0
Cumulative dividends on Series D preferred stock    
Other income (expense), net:    
Deemed dividend 0 (6)
Cumulative dividends 0 (53)
Cumulative dividends on Series A preferred stock    
Other income (expense), net:    
Cumulative dividends (18) (19)
Cumulative dividends on Series B preferred stock    
Other income (expense), net:    
Cumulative dividends (17) (107)
Cumulative dividends on Series C preferred stock    
Other income (expense), net:    
Cumulative dividends (46) (30)
Series F Preferred Stock    
Other income (expense), net:    
Cumulative dividends (341) (272)
Series F-1 Preferred Stock    
Other income (expense), net:    
Cumulative dividends (60) (110)
Series F-2 Preferred Stock    
Other income (expense), net:    
Cumulative dividends (19) (79)
Preferred Stock Series A, B and C    
Other income (expense), net:    
Deemed dividend (2,147) 0
Preferred Stock Series F, F-1, and F-2    
Other income (expense), net:    
Deemed dividend $ (3,874) $ 0
[1] Amounts for both periods presented have been retroactively adjusted to reflect the 1-for-150 reverse stock splits effected on June 25, 2024 and January 30, 2025. See Note 1 for details.