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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS (UNAUDITED) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Revenue:        
Fitness product revenue $ 937 $ 258 $ 1,988 $ 311
Membership revenue 164 207 340 362
Training revenue 118 156 248 311
Total revenue 1,219 621 2,576 984
Cost of fitness product revenue (696) (347) (1,613) (726)
Cost of membership (420) (982) (843) (2,000)
Cost of training (297) (172) (617) (337)
Total cost of revenue (1,413) (1,501) (3,073) (3,063)
Gross loss (194) (880) (497) (2,079)
Operating expenses:        
Research and development 779 2,474 2,050 4,497
Sales and marketing 211 112 461 368
General and administrative 4,640 4,416 9,126 10,378
Total operating expenses 5,630 7,002 11,637 15,243
Loss from operations (5,824) (7,882) (12,134) (17,322)
Other income (expense), net:        
Other (expense) income, net (927) (1,109) (1,038) (1,533)
Interest expense (4,490) (2,919) (6,254) (4,919)
Interest income 229 0 387 0
Gain (loss) upon extinguishment of debt and accounts payable 1,423 (666) 4,459 (1,732)
Change in fair value of convertible notes 7,202 0 6,629 (316)
Change in fair value of earnout 0 1,300 0 1,300
Change in fair value of derivatives (462) (809) (1,949) (755)
Change in fair value of digital assets 125 0 125 0
Change in fair value of warrants 544 1,448 993 3,246
Total other income (expense), net 3,644 (2,755) 3,352 (4,709)
Loss before provision for income taxes (2,180) (10,637) (8,782) (22,031)
Income tax expense 0 0 0 0
Net loss attributable to common stockholders $ (2,180) $ (10,637) $ (8,782) $ (22,031)
Net loss per share - basic $ (2.13) $ (17,476.24) $ (12.49) $ (42,889.07)
Net loss per share - diluted $ (2.13) $ (17,476.24) $ (12.49) $ (42,889.07)
Weighted average common stock outstanding - basic 1,022,140 609 703,048 514
Weighted average common stock outstanding - diluted 1,022,140 609 703,048 514