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UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Revenue        
Total revenue $ 898 $ 249 $ 7,499 $ 9,084
Costs and expenses        
Cost of goods sold 14,121 11,246 42,350 38,186
Research and development expenses 4,250 5,026 9,450 10,471
Selling, general and administrative expenses 11,293 13,138 25,535 27,093
Loss from write-down of property, plant and equipment 271 5,436 336 6,196
Total costs and expenses 29,935 34,846 77,671 81,946
Operating loss (29,037) (34,597) (70,172) (72,862)
Other (expense) income        
Change in fair value of debt - related party (240) 0 (240) 0
Change in fair value of warrants (7,941) (59,207) (5,041) (59,363)
Change in fair value of derivatives - related parties     (47,193) (28,360)
Gain (loss) on debt extinguishment 68,478 (1,876) 68,478 (3,510)
Other expense (3,270) (878) (3,134) (895)
Loss before income taxes (28,164) (131,628) (74,847) (203,218)
Income tax expense 8 2 33 12
Net loss attributable to shareholders (28,172) (131,630) (74,880) (203,230)
Accretion of Series A-1 Preferred Stock (23,671) 0 (23,671) 0
Net loss attributable to common shareholders (51,843) (131,630) (98,551) (203,230)
Net loss attributable to common shareholders (51,843) (131,630) (98,551) (203,230)
Other comprehensive income (loss)        
Foreign currency translation adjustment, net of tax 1 2 (4) 3
Comprehensive loss attributable to common shareholders $ (51,842) $ (131,628) $ (98,555) $ (203,227)
Basic and diluted loss per share attributable to common shareholders        
Basic (in dollars per share) $ (0.25) $ (1.12) $ (0.48) $ (1.99)
Diluted (in dollars per share) $ (0.25) $ (1.12) $ (0.48) $ (1.99)
Weighted average shares of common stock        
Basic (in shares) 211,137,189 117,320,802 206,225,126 102,106,041
Diluted (in shares) 211,137,189 117,320,802 206,225,126 102,106,041
Nonrelated Party        
Other (expense) income        
Interest expense, net $ (3,515) $ (4,886) $ (7,782) $ (9,715)
Related Party        
Other (expense) income        
Interest expense, net (4,912) (14,758) (9,763) (28,513)
Change in fair value of derivatives - related parties $ (47,727) $ (15,426) $ (47,193) $ (28,360)