XML 41 R34.htm IDEA: XBRL DOCUMENT v3.25.1
Segment Reporting (Tables)
3 Months Ended
Mar. 31, 2025
Segment Reporting [Abstract]  
Schedule of Segment Revenue and Significant Expenses

The following tables present revenue and significant segment expenses that are included within net loss:

 

 

Three Months Ended March 31,

 

 

(in thousands)

 

2025

 

 

2024

 

 

Total Revenues

 

$

1,356

 

 

$

363

 

 

Less:

 

 

 

 

 

 

 

Cost of fitness product revenue (excluding depreciation and amortization)

 

 

759

 

 

 

338

 

 

Cost of membership (excluding depreciation and amortization)

 

 

 

 

 

2

 

 

Cost of training

 

 

320

 

 

 

165

 

 

Research and development (excluding stock based compensation)

 

 

572

 

 

 

792

 

 

General and administrative (excluding stock based compensation, depreciation and amortization)

 

 

2,040

 

 

 

2,426

 

 

Interest expense

 

 

1,764

 

 

 

2,000

 

 

Interest income

 

 

(158

)

 

 

 

 

(Gain) loss upon extinguishment of debt and accounts payable

 

 

(3,037

)

 

 

1,066

 

 

Change in fair value of derivatives

 

 

1,487

 

 

 

 

 

Change in fair value of warrants

 

 

(449

)

 

 

(1,799

)

 

Depreciation and amortization expense

 

 

1,012

 

 

 

1,862

 

 

Stock-based compensation expense

 

 

2,089

 

 

 

3,366

 

 

Transaction related expenses (1)

 

 

299

 

 

 

764

 

 

Vendor Settlements (2)

 

 

458

 

 

 

 

 

Other segment items (3)

 

 

803

 

 

 

775

 

 

Net loss

 

$

(6,603

)

 

$

(11,394

)

 

 

 

 

 

 

 

 

 

Reconciliation of net loss

 

 

 

 

 

 

 

Adjustments and reconciling items

 

 

 

 

 

 

 

Consolidated net loss

 

$

(6,603

)

 

$

(11,394

)

 

 

(1) Transaction costs related to acquisition of CLMBR, Inc.

(2) Costs related to vendor settlements.

(3) Other segment items included in consolidated net loss includes sales and marketing (excluding stock based compensation, depreciation and amortization), other expense, and change in fair value of convertible notes.