Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Operations and Comprehensive Loss

v3.23.1
Consolidated Statements of Operations and Comprehensive Loss - USD ($)
shares in Thousands, $ in Thousands
 12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Revenue:    
Total revenue $ 666 $ 1,148
Operating costs and expenses:    
Research and development 6,772 4,273
Selling, general and administrative 8,798 8,424
Merger related costs 2,310
Total operating costs and expenses 16,578 16,854
Loss from operations (15,912) (15,706)
Other income (expense):    
Change in fair value of warrant liability 214
Change in fair value of share-settlement obligation derivative (250)
Loss on debt conversions (2,518)
Other income 12 57
Interest expense, net 93 (372)
Total other income (expense) 105 (2,869)
Loss from continuing operations before income taxes (15,807) (18,575)
Income tax expense (benefit)
Loss from continuing operations (15,807) (18,575)
Discontinuing operations (net of ($21) and $0 tax (benefit) expense in 2022 and 2021, respectively) (6,883) (22,284)
Net loss (22,690) (40,859)
Cumulative translation adjustment 42 (74)
Comprehensive loss $ (22,648) $ (40,933)
Net loss per share attributed to common stock – basic and diluted:    
Net loss per share from continuing operations $ (2.69) $ (4.11)
Net loss per share from discontinuing operations (1.18) (4.92)
Net loss per share $ (3.87) $ (9.03)
Weighted average shares outstanding:    
Weighted average common shares outstanding – basic and diluted 5,868 4,525
Service [Member]    
Revenue:    
Total revenue $ 99 $ 665
Operating costs and expenses:    
Cost of goods sold – product 44 408
Product [Member]    
Revenue:    
Total revenue 567 483
Operating costs and expenses:    
Cost of goods sold – product $ 964 $ 1,439