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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Revenue        
Total revenue $ 4,054 $ 3,395 $ 7,473 $ 7,253
Cost of sales (exclusive of depreciation and amortization shown separately below) 1,403 1,297 2,885 2,817
Gross profit 2,651 2,098 4,588 4,436
Operating expenses        
General and administrative 4,122 5,877 9,043 12,414
Sales and marketing 320 590 973 1,220
Depreciation and amortization 145 148 291 323
Total operating expenses 4,587 6,615 10,307 13,957
Operating loss (1,936) (4,517) (5,719) (9,521)
Non-operating income (expense)        
Other expense (22) (225) (24) (174)
Excess warrant fair value (6,453)
Change in fair value of warrant liability, net of issuance costs of $645 (867) 8,761
Other income 28 81 51 156
Loss before income taxes (1,930) (5,528) (5,692) (7,231)
Net loss $ (1,930) $ (5,528) $ (5,692) $ (7,231)
Net loss per share (basic) $ (0.60) $ (4.62) $ (2.06) $ (6.40)
Net loss per share (diluted) $ (0.60) $ (4.62) $ (2.06) $ (6.40)
Weighted average number of shares of Common Stock outstanding (basic) 3,228,363 1,197,258 2,768,934 1,129,910
Weighted average number of shares of Common Stock outstanding (diluted) 3,228,363 1,197,258 2,768,934 1,129,910
Product [Member]        
Revenue        
Total revenue [1] $ 1,975 $ 1,546 $ 3,650 $ 3,318
Service [Member]        
Revenue        
Total revenue $ 2,079 [2] $ 1,849 [2] $ 3,823 [2] $ 3,935
[1] Product revenue from the sale of appliances and guides is typically fixed at the inception of the contract and is recognized at the point in time when shipment of the related products occurs.
[2] Service revenue from the sale of VIP enrollments, billing services and therapy is typically fixed at the inception of the contract and is recognized ratably over time as the services are performed and the performance obligations completed.