XML 18 R4.htm IDEA: XBRL DOCUMENT v3.21.2
Condensed Consolidated Statements of Operations and Comprehensive Income (Loss) (Unaudited) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Sep. 30, 2021
Sep. 30, 2020
Sales $ 5,786,000 $ 4,170,000 $ 14,167,000 $ 9,764,000
Cost of sales 4,445,000 3,450,000 12,519,000 9,439,000
Gross profit 1,341,000 720,000 1,648,000 325,000
Operating expenses:        
Selling, general and administrative 9,076,000 3,825,000 21,189,000 10,773,000
Research and development 5,377,000 5,801,000 18,583,000 16,662,000
Total operating expenses 14,453,000 9,626,000 39,772,000 27,435,000
Loss from operations (13,112,000) (8,906,000) (38,124,000) (27,110,000)
Other income (expense), net:        
Change in fair value of warrants 1,503,000 39,518,000 2,717,000 27,933,000
Expiration of warrant 5,018,000
Interest expense (1,079,000) (3,000) (2,603,000) (12,000)
Interest and other income 11,000 63,000 44,000 522,000
(Loss) income before income taxes (12,677,000) 30,672,000 (32,948,000) 1,333,000
Income tax expense (4,000) 8,000 6,000 53,000
Net (loss) income (12,673,000) 30,664,000 (32,954,000) 1,280,000
Accretion to redemption value of redeemable preferred stock and redeemable stock options (7,829,000) (16,172,000)
Net (loss) income attributable to common stockholders (12,673,000) 5,900,000 (32,954,000) (14,892)
Other comprehensive income (loss)        
Unrealized loss on short-term investments (5,000) (8,000) (2,000) (43,000)
Foreign currency translation loss (3,000) (9,000) (6,000) (7,000)
Total other comprehensive loss (8,000) (17,000) (8,000) (50,000)
Comprehensive (loss) income $ (12,681,000) $ 30,647,000 $ (32,962,000) $ 1,230,000
Net (loss) income per share:        
Attributable to common stock, basic $ (0.68) $ 0 $ (3.66) $ 0
Attributable to common stock, diluted $ (0.68) $ 0 $ (3.66) $ 0
Weighted-average shares used in computing net loss per share:        
Attributable to common stock, basic 18,732,459 0 8,998,895 0
Attributable to common stock, diluted 18,732,459 0 8,998,895 0
Series G Preferred Stock [Member]        
Net (loss) income per share:        
Attributable to Series G common stock, basic and diluted $ 0 $ 0.01 $ 0 $ (0.76)
Weighted-average shares used in computing net loss per share:        
Attributable to Series G common stock, basic and diluted 0 1 0 1
Redeemable Common Stock        
Other income (expense), net:        
Earnings Allocated to Redeemable Preferred Stock $ 0 $ (16,935,000) $ 0 $ 0
Net (loss) income per share:        
Attributable to common stock, basic $ 0 $ 1.55 $ 0 $ (4.06)
Attributable to common stock, diluted $ 0 $ 1.13 $ 0 $ (4.06)
Weighted-average shares used in computing net loss per share:        
Attributable to common stock, basic 0 3,798,504 0 3,672,121
Attributable to common stock, diluted 0 5,571,793 0 3,672,121