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Consolidated Statements of Operations and Comprehensive Loss (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 4 Months Ended 5 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Jun. 07, 2023
Sep. 30, 2022
Revenue          
Revenue $ 0 $ 141 $ 0 $ 175 $ 574
Gross Profit (Loss) (3) 92 (3) 172 306
Operating Expenses          
Sales and marketing 931 136 1,087 869 504
Project development 582 0 698 1,191 0
Option settlement - related party 0 0 79,054 0 0
Depreciation, amortization and accretion 20,052 3,325 24,978 5,812 9,974
Total Operating Expenses 38,665 12,346 153,059 34,322 36,206
Operating Loss (38,668) (12,254) (153,062) (34,150) (35,900)
Other Income (Expense)          
Interest income (expense) 8,675 0 10,800 4 (1,470)
Other income (expense) (61,983) 34 (60,970) (30) 35
Net Other Income (Expense) (53,308) 34 (50,170) (26) (1,435)
Net Loss before Income Tax (91,976) (12,220) (203,232) (34,176) (37,335)
Income tax expense (benefit) (10) 0 (681) 0 0
Net Loss after Income Tax (91,966) (12,220) (202,551) (34,176) (37,335)
Net Loss attributable to non-controlling interests (61,402) 0 (136,987) 0 0
Comprehensive Loss (30,564) (12,220) (65,564) (34,176) (37,335)
Other Comprehensive Gain (Loss)          
Foreign currency translation gain (loss) 1 (5) 0 0 (5)
Total Other Comprehensive Gain (Loss) 1 (5) 0 0 (5)
Comprehensive Loss (91,965) (12,225) (202,551) (34,176) (37,340)
Comprehensive Loss attributable to non-controlling interests (61,402) 0 (136,987) 0 0
Comprehensive Loss attributable to NET Power Inc. $ (30,563) $ (12,225) $ (65,564) $ (34,176) $ (37,340)
Net loss per unit attributable to shareholders, diluted (in usd per share) $ (0.44) $ (10.69) $ (0.96) $ (9.07) $ (13.15)
Net loss per unit attributable to shareholders, basic (in usd per share) $ (0.44) $ (10.69) $ (0.96) $ (9.07) $ (13.15)
Weighted-average number shares outstanding, diluted (in shares) 68,966,972 1,143,430 68,644,032 3,766,871 2,838,388
Weighted-average number shares outstanding, basic (in shares) 68,966,972 1,143,430 68,644,032 3,766,871 2,838,388
Nonrelated Party          
Revenue          
Cost of revenue $ 3 $ 11 $ 3 $ 3 $ 189
Operating Expenses          
General and administrative 7,949 3,960 32,250 11,903 12,531
Research and development 8,658 590 14,401 1,643 2,264
Related Party          
Revenue          
Cost of revenue 0 38 0 0 79
Operating Expenses          
General and administrative 147 162 158 228 383
Research and development $ 346 $ 4,173 $ 433 $ 12,676 $ 10,550