v3.22.2.2
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Revenue        
Total revenue $ 553,687 $ 1,163,004 $ 4,226,447 $ 2,943,366
Operating expenses        
Cost of product and service revenue 276,485 387,582 3,453,393 877,468
Selling, general, and administrative 7,163,673 6,599,490 22,925,745 16,352,021
Research and development 1,715,821 1,622,608 6,021,535 4,574,803
Total operating expenses 9,155,979 8,609,680 32,400,673 21,804,292
Operating loss (8,602,292) (7,446,676) (28,174,226) (18,860,926)
Other income (expense)        
Interest income (expense) 39,150 3,220 47,553 (592,345)
Write-off of deferred financing costs 0 0 (43,562,847) 0
Change in fair value of warrants liability 170,000 557,000 854,000 627,228
Change in fair value of derivative liability (40,245) (12,179) (19,309) (12,179)
Other, net 89,222 (69,647) 81,455 321,914
Total other income (expense), net 258,127 478,394 (42,599,148) 344,618
Loss before taxes (8,344,165) (6,968,282) (70,773,374) (18,516,308)
Income tax expense 0 0 0 1,000
Net loss (8,344,165) (6,968,282) (70,773,374) (18,517,308)
Less: Net loss attributable to non-controlling interests (168,985) (130,837) (2,380,821) (130,837)
Net loss attributable to Nuvve Holding Corp. (8,175,180) (6,837,445) (68,392,553) (18,386,471)
Less: Preferred dividends on redeemable non-controlling interests 66,601 39,096 195,912 39,096
Less: Accretion on redeemable non-controlling interests preferred shares 161,466 100,039 484,398 100,039
Net loss attributable to Nuvve common stockholders $ (8,403,247) $ (6,976,580) $ (69,072,863) $ (18,525,606)
Net loss per share attributable to Nuvve common stockholders, basic (in Dollars per share) $ (0.38) $ (0.37) $ (3.46) $ (1.16)
Net loss per share attributable to Nuvve common stockholders, diluted (in Dollars per share) $ (0.38) $ (0.37) $ (3.46) $ (1.16)
Weighted-average shares used in computing net loss per share attributable to Nuvve common stockholders, basic (in Shares) 21,952,882 18,627,978 19,972,016 15,931,466
Weighted-average shares used in computing net loss per share attributable to Nuvve common stockholders, diluted (in Shares) 21,952,882 18,627,978 19,972,016 15,931,466
Products and services        
Revenue        
Total revenue $ 487,818 $ 682,900 $ 3,809,631 $ 1,761,319
Grants        
Revenue        
Total revenue $ 65,869 $ 480,104 $ 416,816 $ 1,182,047