Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Operations and Comprehensive Loss

v3.22.1
Consolidated Statements of Operations and Comprehensive Loss - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Revenue, net $ 33,623 $ 31,775
Cost of revenue 17,673 17,903
Gross profit 15,950 13,872
Operating expenses    
Selling, general and administrative 17,561 10,752
Research and development 6,281 5,592
Amortization and depreciation 133 149
Total operating expenses 23,975 16,493
Loss from operations (8,025) (2,621)
Other income (expense)    
Long-term debt forgiveness 2,000 0
Change in fair value of warrant liabilities 8,106 0
Interest expense (404) (582)
Interest Income 1 1
Other income 7 9
Loss on disposal of assets 0 (4)
Total other income (expense), net 9,710 (576)
Income (loss) before income tax benefit 1,685 (3,197)
Income tax benefit (71) (29)
Net income (loss) 1,756 (3,168)
Deemed dividend - Earnout Shares (18,132) 0
Net loss attributable to common stockholders $ (16,376) $ (3,168)
Net income (loss) per share:    
Basic $ 0.04 $ (0.09)
Diluted 0.04 (0.09)
Net loss per share attributable to common stockholders:    
Basic (0.40) (0.09)
Diluted $ (0.40) $ (0.09)
Weighted Average Common Shares Outstanding [Abstract]    
Basic 41,040,637 35,713,913
Diluted 41,040,637 35,713,913
Other comprehensive (loss) income    
Foreign currency translation adjustment $ (92) $ 83
Comprehensive loss $ (16,468) $ (3,085)