Schedule of Segment Information |
The following table presents selected financial information with respect to the Company’s single operating segment: | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended June 30, | | Six Months Ended June 30, | (in thousands) | 2025 | | 2024 | | 2025 | | 2024 | Service revenue | $ | 191 | | | $ | 1,209 | | | $ | 513 | | | $ | 1,722 | | Cost of revenue | 2 | | | — | | | 2 | | | — | | Gross profit | 189 | | | 1,209 | | | 511 | | | 1,722 | | Operating expenses: | | | | | | | | Research and development expenses | 2,193 | | | 2,850 | | | 4,108 | | | 5,526 | | Selling, general and administrative expenses | 3,940 | | | 5,323 | | | 8,532 | | | 11,487 | | Total operating expenses | 6,133 | | | 8,173 | | | 12,640 | | | 17,013 | | Loss from operations | (5,944) | | | (6,964) | | | (12,129) | | | (15,291) | | | | | | | | | | Other income (expense), net: | | | | | | | | | | | | | | | | Realized loss on disposal of assets | — | | | (55) | | | — | | | (55) | | Interest income | 2 | | | 4 | | | 6 | | | 22 | | Interest expense | (91) | | | — | | | 65 | | | (57) | | Gain on debt extinguishment | 13 | | | — | | | 71 | | | — | | Change in fair value of convertible debt carried at fair value | (835) | | | — | | | (835) | | | — | | Other income (expense) | 405 | | | (1) | | | 200 | | | 52 | | Total other income (expense), net | (506) | | | (52) | | | (493) | | | (38) | | Net loss | $ | (6,450) | | | $ | (7,016) | | | $ | (12,622) | | | $ | (15,329) | |
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