XML 14 R4.htm IDEA: XBRL DOCUMENT v3.23.1
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS (Unaudited) - USD ($)
shares in Thousands
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Income Statement [Abstract]    
Net sales $ 2,812,000 $ 2,958,000
Cost of sales 1,801,000 2,156,000
Gross profit 1,011,000 802,000
Costs and expenses:    
Research and development 6,968,000 6,024,000
Sales, general and administrative 10,105,000 10,673,000
Total costs and expenses 17,073,000 16,697,000
Loss from operations (16,062,000) (15,895,000)
Other (expense) income:    
Interest expense (418,000) (917,000)
Interest expense related-party (1,013,000) 0
Gain on extinguishment of debt 0 3,366,000
Foreign currency exchange loss 233,000 9,000
Interest income 420,000 22,000
Other income (expense), net 45,000 (50,000)
Total other (expense) income, net (733,000) 2,430,000
Net loss before income taxes (16,795,000) (13,465,000)
Provision for income taxes 0 0
Net loss $ (16,795,000) $ (13,465,000)
Basic net loss per share (in usd per share) $ (0.17) $ (0.20)
Diluted net loss per share (in usd per share) $ (0.17) $ (0.20)
Weighted average shares outstanding, basic (in shares) 98,301 67,755
Weighted average shares outstanding, diluted (in shares) 98,301 67,755
Other comprehensive loss:    
Net loss $ (16,795,000) $ (13,465,000)
Net unrealized gain (loss) on debt securities available-for-sale 24,000 (93,000)
Foreign currency translation adjustment (255,000) (79,000)
Comprehensive loss $ (17,026,000) $ (13,637,000)