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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS (UNAUDITED) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Revenue:        
Fitness product revenue $ 258 $ 224 $ 311 $ 296
Membership revenue 207 32 362 56
Training revenue 156 60 311 121
Total revenue 621 316 984 473
Cost of fitness product revenue (347) (427) (726) (1,169)
Cost of membership (982) (939) (2,000) (1,901)
Cost of training (172) (88) (337) (191)
Total cost of revenue (1,501) (1,454) (3,063) (3,261)
Gross loss (880) (1,138) (2,079) (2,788)
Operating expenses:        
Research and development 2,474 2,326 4,497 5,439
Sales and marketing 112 591 368 1,191
General and administrative 4,416 7,883 10,378 23,730
Total operating expenses 7,002 10,800 15,243 30,360
Loss from operations (7,882) (11,938) (17,322) (33,148)
Other income (expense), net:        
Other (expense) income, net (1,109) 87 (1,533) 204
Interest expense (2,919) (1,436) (4,919) (1,228)
Gain upon debt forgiveness 0 0 0 2,595
Loss upon extinguishment of debt and accounts payable (666) 0 (1,732) 0
Change in fair value of convertible notes 0 (171) (316) (252)
Change in fair value of earnout 1,300 0 1,300 0
Change in fair value of derivatives (809) 0 (755) 0
Change in fair value of warrants 1,448 (144) 3,246 2,266
Total other income (expense), net (2,755) (1,664) (4,709) 3,585
Loss before provision for income taxes (10,637) (13,602) (22,031) (29,563)
Income tax expense 0 0 0 0
Net loss attributable to common stockholders $ (10,637) $ (13,602) $ (22,031) $ (29,563)
Net loss per share - basic $ (17.48) $ (40.78) $ (42.89) $ (112.48)
Net loss per share - diluted $ (17.48) $ (40.78) $ (42.89) $ (112.48)
Weighted average common stock outstanding - basic 608,655 333,519 513,674 262,827
Weighted average common stock outstanding - diluted 608,655 333,519 513,674 262,827