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
Income Statement [Abstract]        
Revenues $ 918 $ 0 $ 2,169 $ 0
Cost of Revenues 398 0 846 0
Gross Profit 520 0 1,323 0
Operating Expenses        
Research and development 1,228 472 2,840 1,299
Sales and marketing 1,019 198 2,160 486
General and administrative 2,293 988 16,422 4,469
Merger-related transaction costs 0 713 6,490 1,428
Amortization of intangible assets 196 7 431 20
Total Operating Expenses 4,736 2,378 28,343 7,702
Loss from Operations (4,216) (2,378) (27,020) (7,702)
Other Income (Expense)        
Interest expense, net (222) (303) (553) (806)
Amortization of deferred loan costs 0 (22) (17) (66)
Inducement loss on debt conversions 0 0 (6,732) 0
Change in fair value of convertible notes 0 0 12,882 0
Change in fair value of JV obligation 0 0 0 (197)
Change in fair value of warrant liability 0 0 (281) (126)
Other income/(expense), net 3 0 (10) 0
Total Other Income (Expense) (219) (325) 5,289 (1,195)
Net Loss, before tax (4,435) (2,703) (21,731) (8,897)
Income tax provision 0 0 (16) 0
Net Loss (4,435) (2,703) (21,747) (8,897)
Less: Preferred stock return and dividend (185) 0 (496) 0
Less: Deemed dividend (54) 0 (514) 0
Net Loss Attributable to Common Stockholders, basic (4,674) (2,703) (22,757) (8,897)
Net Loss Attributable to Common Stockholders, diluted $ (4,674) $ (2,703) $ (22,757) $ (8,897)
Net Loss Per Share        
Net Loss Per Share - Basic (in usd per share) $ (0.13) $ (0.66) $ (1.23) $ (2.26)
Net Loss Per Share - Diluted (in usd per share) $ (0.13) $ (0.66) $ (1.23) $ (2.26)
Weighted Average Number of Shares Outstanding        
Basic (in shares) 34,986,105 4,116,700 18,439,744 3,931,075
Diluted (in shares) 34,986,105 4,116,700 18,439,744 3,931,075

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