v3.24.2.u1
Condensed Consolidated Statements of Operations and Comprehensive Loss - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Condensed Consolidated Statements of Operations and Comprehensive Loss        
Revenue $ 40 $ 8 $ 40 $ 24
Cost of revenue 32 6 32 22
Gross profit 8 2 8 2
Other operating income 236 169 438 438
Operating expenses        
Research and development 1,158 1,257 2,434 2,536
Selling, general and administrative 1,844 1,324 3,206 2,757
Loss on foreign currency transactions 19 (43) 32 68
Total operating expenses 3,021 2,538 5,672 5,361
Loss from operations (2,777) (2,367) (5,226) (4,921)
Non-operating income/(expense)        
Gain/(loss) on foreign currency transactions (243) 533 (249) 1,035
Transaction costs allocable to warrants   (198)   (198)
Change in fair value of the warrant liability, net (81) 3 672 3
Interest income 3 2 9 6
Total non-operating income/(expense) (321) 340 432 846
Loss before income taxes (3,098) (2,027) (4,794) (4,075)
Income tax expense (1)   (1)  
Net loss (3,099) (2,027) (4,795) (4,075)
Other comprehensive loss:        
Foreign currency translation 174 (517) 156 (973)
Total comprehensive loss $ (2,925) $ (2,544) $ (4,639) $ (5,048)
Common share data:        
Basic net loss per common share (in dollars per share) $ (0.98) $ (1.82) $ (1.63) $ (4.18)
Diluted net loss per common share (in dollars per share) $ (0.98) $ (1.82) (4.04) $ (4.18)
Dividend per common stock     $ (2.41)  
Weighted average number of basic shares outstanding (in shares) 3,157,334 1,111,954 2,946,354 974,599
Weighted average number of diluted shares outstanding (in shares) 3,157,334 1,111,954 2,946,354 974,599

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