XML 11 R4.htm IDEA: XBRL DOCUMENT v3.24.2.u1
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Income Statement [Abstract]        
Revenue $ 0 $ 9,000 $ 0 $ 9,000
Operating expenses:        
Cost of revenue 0 (3,430) 0 (3,083)
Research and development (4,946) (3,712) (8,939) (9,019)
General and administrative (7,868) (2,669) (13,777) (9,119)
Loss from operations (12,814) (811) (22,716) (12,221)
Other income/(expenses)        
Interest income 559 373 1,175 679
Interest expense (331) (1,029) (641) (1,829)
Changes in the fair value of financial instruments (69) (102) (517) 440
Foreign currency transaction gain/(loss), net 31 (803) 644 (2,010)
Other expenses, net 0 0 0 (6)
Benefit from research and development tax credit 369 621 847 1,120
Net loss before income tax (12,255) (1,751) (21,208) (13,827)
Income tax benefit 0 0 0 0
Net loss $ (12,255) $ (1,751) $ (21,208) $ (13,827)
Loss per share - basic $ (0.02) $ 0 $ (0.03) $ (0.02)
Loss per share - diluted $ (0.02) $ 0 $ (0.03) $ (0.02)
Weighted average shares outstanding - basic 711,770,804 628,421,064 706,407,371 626,185,695
Weighted average shares outstanding - diluted 711,770,804 628,421,064 706,407,371 626,185,695
Net loss $ (12,255) $ (1,751) $ (21,208) $ (13,827)
Other comprehensive (loss)/income - Foreign currency translation adjustments, net of tax 5 1,400 (793) 3,678
Total comprehensive loss $ (12,250) $ (351) $ (22,001) $ (10,149)