Annual report [Section 13 and 15(d), not S-K Item 405]

CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS

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CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Income Statement [Abstract]    
REVENUES, NET $ 16,653 $ 29,597
COST OF GOODS SOLD 1,201 1,342
GROSS PROFIT 15,452 28,255
OPERATING EXPENSES    
Research and development 657 1,189
Selling 6,002 8,635
General and administrative 10,687 14,891
Total operating expenses 17,346 24,715
INCOME (LOSS) FROM OPERATIONS (1,894) 3,540
OTHER INCOME (EXPENSE)    
Loss on debt extinguishment   (821)
Change in fair value of warrant derivative liabilities 57 1,195
Change in fair value of conversion feature derivative, notes payable 291 2,773
Realized loss on investment in convertible bond (544) (297)
Net loss on equity method investment   (1,713)
Gain on restructured debt 1,032  
Foreign exchange loss (148) (1,767)
Interest and other income (net) 274 681
Interest expense (5,492) (7,383)
Total other expense (4,530) (7,332)
LOSS BEFORE INCOME TAXES (6,424) (3,792)
Income tax provision (benefit) 29 (59)
NET LOSS (6,453) (3,733)
COMPONENTS OF OTHER COMPREHENSIVE LOSS    
Unrealized gain (loss) on debt securities available for sale (net of tax) (3,086) 3,033
Reclassification adjustment for loss included in net loss 197 403
Foreign currency translation adjustments 54 (977)
Other comprehensive income (loss) (2,835) 2,459
COMPREHENSIVE LOSS $ (9,288) $ (1,274)
NET LOSS PER COMMON SHARE - BASIC $ (0.1) $ (0.07)
NET LOSS PER COMMON SHARE - DILUTED $ (0.1) $ (0.07)
WEIGHTED-AVERAGE COMMON SHARES OUTSTANDING BASIC 63,234,789 53,105,388
WEIGHTED-AVERAGE COMMON SHARES OUTSTANDING DILUTED 63,234,789 53,105,388