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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Net sales $ 2,921 $ 3,861 $ 5,733 $ 6,820
Cost of sales 2,122 2,781 3,923 4,937
Gross profit 799 1,080 1,810 1,883
Costs and expenses:        
Research and development 5,820 7,576 12,788 13,600
Sales, general and administrative 7,564 11,493 17,669 22,167
Total costs and expenses 13,384 19,069 30,457 35,767
Loss from operations (12,585) (17,989) (28,647) (33,884)
Other (expense) income:        
(Loss) on fair value adjustment (5,030) 0 (5,030) 0
Foreign currency exchange gain 25 31 258 40
Interest income 255 56 675 78
Other income (expense), net 40 (107) 85 (157)
Total other (expense) income, net (19,994) (534) (20,727) 1,896
Net loss before income taxes (32,579) (18,523) (49,374) (31,988)
Provision for income taxes (156) 0 (156) 0
Net loss $ (32,735) $ (18,523) $ (49,530) $ (31,988)
Basic net loss per share (in usd per share) $ (2.97) $ (2.43) $ (4.75) $ (4.44)
Diluted net loss per share (in usd per share) $ (2.97) $ (2.43) $ (4.75) $ (4.44)
Weighted average shares outstanding, basic (in shares) 11,009 7,623 10,420 7,200
Weighted average shares outstanding, diluted (in shares) 11,009 7,623 10,420 7,200
Other comprehensive loss:        
Net loss $ (32,735) $ (18,523) $ (49,530) $ (31,988)
Net unrealized gain (loss) on debt securities available-for-sale 4 (39) 28 (132)
Foreign currency translation adjustment (26) (161) (281) (240)
Comprehensive loss (32,757) (18,723) (49,783) (32,360)
Nonrelated Party        
Other (expense) income:        
Interest expense (1,175) (713) (1,593) (1,630)
Interest expense related-party 1,175 713 1,593 1,630
(Loss) gain on extinguishment of debt (6,550) 199 (6,550) 3,565
Related Party        
Other (expense) income:        
Interest expense (804) 0 (1,817) 0
Interest expense related-party 804 0 1,817 0
(Loss) gain on extinguishment of debt $ (6,755) $ 0 $ (6,755) $ 0