v3.23.3
Condensed Consolidated Statements of Operations and Comprehensive Loss (Unaudited) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Income Statement [Abstract]        
Revenue, net $ 8,371,000 $ 8,449,000 $ 25,010,000 $ 24,452,000
Cost of revenue 4,926,000 4,758,000 14,872,000 13,710,000
Gross profit 3,445,000 3,691,000 10,138,000 10,742,000
Operating expenses        
Selling, general and administrative 10,964,000 7,605,000 27,526,000 20,516,000
Research and development 2,257,000 2,572,000 7,261,000 6,992,000
Impairment on assets held for sale 9,680,000 0 9,680,000 0
Total operating expenses 22,901,000 10,177,000 44,467,000 27,508,000
Loss from operations (19,456,000) (6,486,000) (34,329,000) (16,766,000)
Other income (expense)        
Interest income 247,000 21,000 913,000 23,000
Interest expense (35,000) (7,000) (87,000) (7,000)
Loss on disposal of assets 0 0 (85,000) 0
Change in fair value of earnout liability 0 (1,784,000) 0 (1,784,000)
Change in fair value of warrant liabilities 0 31,000 0 1,558,000
Other income 70,000 110,000 268,000 149,000
Total other income (expense), net 282,000 1,939,000 1,009,000 3,507,000
Loss before income tax expense (19,174,000) (4,547,000) (33,320,000) (13,259,000)
Income tax expense 19,000 3,000 57,000 2,000
Net loss $ (19,193,000) $ (4,550,000) $ (33,377,000) $ (13,261,000)
Net loss per share:        
Basic (in dollars per shares) [1] $ (2.75) $ (0.68) $ (4.89) $ (2.00)
Diluted (in dollars per shares) [1] $ (2.75) $ (0.68) $ (4.89) $ (2.00)
Weighted average common shares outstanding:        
Basic (in shares) [1] 6,968,534 6,648,195 6,824,520 6,623,168
Diluted (in shares) [1] 6,968,534 6,648,195 6,824,520 6,623,168
Other comprehensive income (loss)        
Foreign currency translation adjustment $ (65,000) $ (125,000) $ (21,000) $ (351,000)
Comprehensive loss $ (19,258,000) $ (4,675,000) $ (33,398,000) $ (13,612,000)
[1] Retroactively adjusted shares issued and outstanding, and per share information to give effect to the Company's 1-for-8 reverse stock split. See Note 2.

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