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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Income Statement [Abstract]        
Revenue (including $1,140, $10,895, $2,411 and $16,413 from related parties, respectively) $ 19,329 $ 11,825 $ 45,350 $ 18,833
Cost of goods sold 17,717 11,298 39,568 18,846
Gross profit (loss) 1,612 527 5,782 (13)
General and administrative 19,378 4,399 29,137 8,857
Selling and marketing 2,332 782 4,422 1,398
Research and development 2,438 774 4,522 1,656
Change in contingent consideration (907) (907)
Impairment of goodwill and intangible assets 69,904 69,904
Total operating expenses 93,145 5,955 107,078 11,911
Loss from operations (91,533) (5,428) (101,296) (11,924)
Interest (expense) income, net (3,311) 55 (2,752) 23
Other expenses (63) (63)
Change in fair value of warranty liabilities 20,181 30,966
Gain on extinguishment of notes payable 2,685
Other income (expense), net 16,870 (8) 28,214 2,645
Net loss before income taxes (74,663) (5,436) (73,082) (9,279)
Income tax benefit (62) (262)
Net loss (74,601) (5,436) (72,820) (9,279)
Income attributable to non-controlling interests 3 200 4 167
Net loss attributable to Agrify Corporation $ (74,604) $ (5,636) $ (72,824) $ (9,446)
Net loss per share attributable to Common Stockholders – basic (in Dollars per share) [1] $ (561.31) $ (55.41) $ (569.13) $ (114.12)
Weighted-average common shares outstanding – basic (in Shares) [1] 132,911 101,721 127,956 83,310
[1] Periods presented have been adjusted to reflect the 1-for-10 reverse stock split on October 18, 2022 and the 1-for-20 reverse stock split on July 5, 2023. 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.