v3.25.2
Condensed Consolidated Statements of Operations and Comprehensive Loss - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Condensed Consolidated Statements of Operations and Comprehensive Loss        
Revenue $ 32 $ 40 $ 55 $ 40
Cost of revenue 28 32 29 32
Gross profit 4 8 26 8
Other operating income 279 236 530 438
Operating expenses        
Research and development 2,426 1,158 3,923 2,434
General and administrative 2,360 1,844 4,369 3,206
(Gain) / loss on foreign currency transactions (131) 19 (226) 32
Total operating expenses 4,655 3,021 8,066 5,672
Loss from operations (4,372) (2,777) (7,510) (5,226)
Non-operating income / (expense)        
Gain / (loss) on foreign currency transactions 1,970 (243) 2,939 (249)
Change in fair value of the warrant liability   (81)   672
Interest income / (expense) 3 3 13 9
Total non-operating income / (expense) 1,973 (321) 2,952 432
Loss before income taxes (2,399) (3,098) (4,558) (4,794)
Income tax refund / (expense) (1) (1) 24 (1)
Net loss (2,400) (3,099) (4,534) (4,795)
Common share data:        
Preferred stock deemed dividends       (7,094)
Net loss attributed to common stockholders $ (2,400) $ (3,099) $ (4,534) $ (11,889)
Weighted average shares outstanding - basic (in shares) 8,070,836 3,157,334 7,364,145 2,946,354
Weighted average shares outstanding -diluted (in shares) 8,070,836 3,157,334 7,364,145 2,946,354
Basic net loss per common share attributed to common stockholders (in dollars per share) $ (0.3) $ (0.98) $ (0.62) $ (1.63)
Diluted net loss per common share attributed to common stockholders (in dollars per share) $ (0.3) $ (0.98) $ (0.62) (4.04)
Dividend per common share       $ (2.41)
Net loss $ (2,400) $ (3,099) $ (4,534) $ (4,795)
Other comprehensive loss:        
Foreign currency translation (2,064) 174 (3,069) 156
Total comprehensive loss $ (4,464) $ (2,925) $ (7,603) $ (4,639)

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