XML 17 R4.htm IDEA: XBRL DOCUMENT v3.25.3
CONSOLIDATED STATEMENTS OF OPERATIONS (unaudited) - USD ($)
$ in Thousands
3 Months Ended
Sep. 30, 2025
Aug. 25, 2024
Revenues $ 31,109 $ 24,705
Cost of goods sold 23,318 19,318
Gross profit 7,791 5,387
Research and development expenses 1,963 2,186
Selling, general, and administrative expenses 8,895 14,785
Operating loss (3,067) (11,584)
Interest income 58 15
Change in fair value of debt derivative liability, related party (375) 900
Other income (expense), net 110 (203)
Loss before income taxes (9,658) (16,255)
Income tax (expense) benefit (333) 25
Net loss (9,991) (16,230)
Preferred stock dividends (874) 0
Accretion of preferred stock to redemption value (48) 0
Loss available to common stockholders $ (10,913) $ (16,230)
Loss per share, basic (in dollars per share) $ (0.29) $ (0.53)
Loss per share, diluted (in dollars per share) $ (0.29) $ (0.53)
Weighted average shares outstanding, basic (in shares) 37,402,912 30,855,742
Weighted average shares outstanding, diluted (in shares) 37,402,912 30,855,742
Nonrelated party    
Revenues $ 19,293 $ 16,793
Interest expense (551) (983)
Related party    
Revenues 11,816 7,912
Interest expense $ (5,833) $ (4,400)