XML 15 R4.htm IDEA: XBRL DOCUMENT v3.25.3
Condensed Consolidated Statements of Operations and Comprehensive Loss (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
Revenues        
Total net revenues $ 5,284 $ 9,296 $ 22,446 $ 36,088
Cost of revenues (excluding amortization of acquired intangible assets)        
Cost of revenues 3,904 3,883 12,700 7,646
Research and development 4,598 3,915 11,678 13,558
Selling, general and administrative 9,306 12,650 36,202 42,585
Amortization of acquired intangible assets 376 375 1,116 1,377
Total operating expenses 18,184 20,823 61,696 65,166
Loss from operations (12,900) (11,527) (39,250) (29,078)
Other income (expense):        
Interest income 62 77 200 254
Interest expense (1,477) (1,752) (5,857) (4,452)
Change in fair value of warrant liabilities (4,264) 714 (5,298) (1,156)
Change in fair value of debt (824) (708) (1,911) (694)
Loss on debt extinguishment (620) (6,356) (3,908)
Amortization of licensing obligation 51 51
Loss on issuance of convertible note with warrants (2,335) (2,335)
Other expense, net (769) (2,902) (6,598) (5,565)
Total other (expense) income (10,176) (4,571) (28,104) (15,521)
Loss before income taxes (23,076) (16,098) (67,354) (44,599)
Income tax expense (benefit)
Net loss (23,076) (16,098) (67,354) (44,599)
Other comprehensive loss        
Change in fair value of debt due to change in credit risk, net of tax 3 (2) 5 (2)
Comprehensive loss (23,073) (16,100) (67,349) (44,601)
Deemed dividend relating to inducement of Dragasac warrants (64)
Net loss attributable to common shareholders $ (23,073) $ (16,100) $ (67,413) $ (44,601)
Share information:        
Net loss per share - basic $ (0.88) $ (0.73) $ (2.74) $ (2.05)
Net loss per share - diluted $ (0.88) $ (0.73) $ (2.74) $ (2.05)
Weighted average shares outstanding - basic 26,347,818 21,976,339 24,646,578 21,756,498
Weighted average shares outstanding - diluted 26,347,818 21,976,339 24,646,578 21,756,498
Product [Member]        
Revenues        
Total net revenues $ 894 $ 3,393 $ 12,291 $ 26,199
Cost of revenues (excluding amortization of acquired intangible assets)        
Cost of revenues 1,666 547 6,722 2,888
Service [Member]        
Revenues        
Total net revenues 1,448 1,292 4,131 3,857
Cost of revenues (excluding amortization of acquired intangible assets)        
Cost of revenues 220 238 649 952
License, Royalty and Other [Member]        
Revenues        
Total net revenues 2,942 4,611 6,024 6,032
Cost of revenues (excluding amortization of acquired intangible assets)        
Cost of revenues $ 2,018 $ 3,098 $ 5,329 $ 3,806