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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Income Statement [Abstract]    
Revenue (including $46 and $863 from related parties, respectively) $ 5,804 $ 26,021
Cost of goods sold 4,816 21,851
Gross profit 988 4,170
General and administrative 6,931 9,759
Selling and marketing 1,590 2,090
Research and development 735 2,084
Change in contingent consideration (684)
Total operating expenses 8,572 13,933
Loss from operations (7,584) (9,763)
Interest (expense) income, net (799) 559
Change in fair value of warrant liabilities 2,672 10,785
Other income (expense) 4
Loss on extinguishment of notes payable (4,620)
Other income (expense), net (2,743) 11,344
Net (loss) income before income taxes (10,327) 1,581
Income tax benefit 200
Net (loss) income (10,327) 1,781
Income attributable to non-controlling interest (1)
Net (loss) income attributable to Agrify Corporation $ (10,327) $ 1,780
Net (loss) income per share attributable to Common Stockholders – basic (in Dollars per share) $ (9.63) $ 14.48
Net (loss) income per share attributable to Common Stockholders – diluted (in Dollars per share) $ (9.63) $ 13.79
Weighted average common shares outstanding - basic (in Shares) [1] 1,072,292 122,946
Weighted average common shares outstanding - diluted (in Shares) [1] 1,072,292 129,045
[1] Periods presented have been adjusted to reflect the 1-for-20 reverse stock split on July 5, 2023. Additional information regarding the reverse stock splits may be found in Note 1 – Overview, Basis of Presentation, and Significant Accounting Policies, included in the notes to the consolidated financial statements