Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS (Unaudited)

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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Income Statement [Abstract]    
REVENUES, NET $ 2,506 $ 6,753
COST OF GOODS SOLD 257 429
GROSS PROFIT 2,249 6,324
OPERATING EXPENSES    
Research and development 183 289
Selling 1,937 2,317
General and administrative 2,869 4,883
Total operating expenses 4,989 7,489
LOSS FROM OPERATIONS (2,740) (1,165)
OTHER INCOME (EXPENSE)    
Change in fair value of warrant derivative liabilities (8) 62
Change in fair value of conversion feature derivative, notes payable (907) 89
Net loss on equity method investment 0 (527)
Gain on restructured debt 1,032  
Foreign exchange gain (loss) 31 (519)
Interest and other income 147 160
Interest expense (1,910) (1,502)
Total other expense (1,615) (2,237)
LOSS BEFORE INCOME TAXES (4,355) (3,402)
Income tax provision (benefit) (7) 49
NET LOSS (4,348) (3,451)
COMPONENTS OF OTHER COMPREHENSIVE LOSS    
Unrealized loss on debt securities available for sale (net of tax) (1,728) (544)
Translation adjustment, net of tax 18 186
Other comprehensive loss (1,710) (358)
COMPREHENSIVE LOSS $ (6,058) $ (3,809)
NET LOSS PER COMMON SHARE - BASIC $ (0.07) $ (0.07)
NET LOSS PER COMMON SHARE - DILUTED $ (0.07) $ (0.07)
WEIGHTED-AVERAGE COMMON SHARES OUTSTANDING - BASIC 61,845,963 50,709,627
WEIGHTED-AVERAGE COMMON SHARES OUTSTANDING - DILUTED 61,845,963 50,709,627