XML 27 R4.htm IDEA: XBRL DOCUMENT v3.25.1
CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Revenue:    
Fitness product revenue $ 3,973 $ 574
Membership revenue 783 142
Training revenue 624 246
Total revenue 5,380 962
Cost of fitness product revenue (3,798) (2,287)
Cost of membership (3,318) (3,807)
Cost of training (1,042) (396)
Total cost of revenue (8,158) (6,490)
Gross loss (2,778) (5,528)
Operating expenses:    
Research and development 6,988 10,044
Sales and marketing 1,080 1,631
General and administrative 18,339 37,277
Total operating expenses 26,407 48,952
Loss from operations (29,185) (54,480)
Other (expense) income, net:    
Other (expense) income, net (956) 1
Interest expense (7,727) (1,588)
Gain upon debt forgiveness 0 2,595
Loss on issuance of warrants (5,551) 0
Loss upon extinguishment of debt and accounts payable (1,527) 0
Change in fair value of convertible notes (128) (306)
Change in fair value of earnout 1,300 0
Change in fair value of derivatives (460) 0
Change in fair value of warrants 9,300 2,405
Total other (expense) income, net (5,749) 3,107
Loss before provision for income taxes (34,934) (51,373)
Income tax expense 0 0
Net loss attributable to common stockholders $ (34,934) $ (51,373)
Net loss per share - basic $ (163.28) $ (16,614.85)
Net loss per share - diluted $ (163.28) $ (16,614.85)
Weighted average common stock outstanding - basic 213,945 3,092
Weighted average common stock outstanding - diluted 213,945 3,092