v3.25.2
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Revenue        
Total revenue $ 3,820 $ 4,054 $ 6,835 $ 7,473
Cost of sales (exclusive of depreciation and amortization shown separately below) 1,710 1,403 3,219 2,885
Gross profit 2,110 2,651 3,616 4,588
Operating expenses        
General and administrative 6,409 4,122 11,298 9,043
Sales and marketing 260 320 615 973
Depreciation and amortization 306 145 483 291
Total operating expenses 6,975 4,587 12,396 10,307
Operating loss (4,865) (1,936) (8,780) (5,719)
Non-operating income (expense)        
Other expense (163) (22) (170) (24)
Other income 15 28 73 51
Loss before income taxes (5,013) (1,930) (8,877) (5,692)
Net loss $ (5,013) $ (1,930) $ (8,877) $ (5,692)
Net loss per share (basic) $ (0.55) $ (0.60) $ (1.00) $ (2.06)
Net loss per share (diluted) $ (0.55) $ (0.60) $ (1.00) $ (2.06)
Weighted average number of shares of Common Stock outstanding (basic) 9,087,202 3,228,363 8,842,604 2,768,934
Weighted average number of shares of Common Stock outstanding (diluted) 9,087,202 3,228,363 8,842,604 2,768,934
Product [Member]        
Revenue        
Total revenue [1] $ 1,885 $ 1,975 $ 3,698 $ 3,650
Service [Member]        
Revenue        
Total revenue $ 1,935 $ 2,079 $ 3,137 $ 3,823
[1] Product revenue from the sale of appliances and guides is typically fixed at the inception of the contract and is recognized at the point in time when shipment of the related products occurs.