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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Income Statement [Abstract]        
Revenue (including $0, $5,215, $2,411 and $21,570 from related parties, respectively) $ 7,019 $ 15,751 $ 52,369 $ 34,584
Cost of goods sold 11,135 16,131 50,703 34,977
Gross (loss) profit (4,116) (380) 1,666 (393)
General and administrative 24,126 7,705 53,263 16,562
Selling and marketing 2,160 890 6,582 2,288
Research and development 1,747 827 6,269 2,483
Change in contingent consideration (602) (1,509)
Impairment of goodwill and intangible assets 69,904
Total operating expenses 27,431 9,422 134,509 21,333
Loss from operations (31,547) (9,802) (132,843) (21,726)
Interest (expense) income, net (3,979) 45 (5,224) 68
Other income (expense) 1,506 (15) 1,506 (78)
Change in fair value of warrant liability 5,686 5,686
(Loss) gain on extinguishment of notes payable (17,933) (17,933) 2,685
Other (expense) income, net (14,720) 30 (15,965) 2,675
Net loss before income taxes (46,267) (9,772) (148,808) (19,051)
Income tax benefit (262)
Net loss (46,267) (9,772) (148,546) (19,051)
Income (loss) attributable to non-controlling interests 1 (14) 5 153
Net loss attributable to Agrify Corporation $ (46,268) $ (9,758) $ (148,551) $ (19,204)
Net loss per share attributable to Common Stockholders – basic and diluted (in Dollars per share) [1] $ (17.33) $ (4.68) $ (57.21) $ (10.66)
Weighted-average common shares outstanding – basic and diluted (in Shares) [1] 2,670,501 2,083,439 2,596,649 1,806,874
[1] Periods presented have been adjusted to reflect the 1-for-1.581804 reverse stock split on January 12, 2021 and the 1-for-10 reverse stock split on October 18, 2022. Additional information regarding the reverse stock splits may be found in Note 1 – Overview, Basis of Presentation and Significant Accounting Policies, included elsewhere in the notes to the condensed consolidated financial statements.