v3.25.1
Condensed Consolidated Statements of Operations and Comprehensive Loss - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Condensed Consolidated Statements of Operations and Comprehensive Loss    
Revenue $ 23  
Cost of revenue 1  
Gross profit 22  
Other operating income 251 $ 202
Operating expenses    
Research and development 1,497 1,276
General and administrative 2,009 1,362
(Gain)/loss on foreign currency transactions (95) 13
Total operating expenses 3,411 2,651
Loss from operations (3,138) (2,449)
Non-operating income/(expense)    
Gain/(loss) on foreign currency transactions 969 (6)
Change in fair value of the warrant liability   753
Interest income/(expense) 10 6
Total non-operating income/(expense) 979 753
Loss before income taxes (2,159) (1,696)
Income tax refund 25  
Net loss (2,134) (1,696)
Common share data:    
Preferred stock deemed dividends   (7,094)
Net loss attributed to common stockholders $ (2,134) $ (8,790)
Weighted average shares outstanding - basic (in shares) 6,649,603 2,735,375
Weighted average shares outstanding -diluted (in shares) 6,649,603 2,735,375
Basic net loss per common share attributed to common stockholders (in dollars per share) $ (0.32) $ (3.21)
Diluted net loss per common share attributed to common stockholders (in dollars per share) $ (0.32) $ (3.21)
Net loss $ (2,134) $ (1,696)
Other comprehensive loss:    
Foreign currency translation (1,005) (18)
Total comprehensive loss $ (3,139) $ (1,714)

Source