XML 14 R4.htm IDEA: XBRL DOCUMENT v3.24.2.u1
Condensed Consolidated Statements of Operations (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 (including $0, $0, $0, and $46 from related parties, respectively) $ 2,994 $ 5,066 $ 5,592 $ 10,870
Cost of goods sold 1,867 4,466 4,300 9,282
Gross profit 1,127 600 1,292 1,588
General and administrative 2,268 4,819 6,362 11,745
Selling and marketing 394 1,120 856 2,710
Research and development 185 643 460 1,378
Gain on settlement of contingent liabilities   (5,935)
Gain on early termination of lease (39) (39)
(Gain) loss on disposal of property and equipment (9) (9) 5
Change in contingent consideration (638) (2,180) (1,322)
Total operating expenses 2,799 5,944 (485) 14,516
Operating (loss) income (1,672) (5,344) 1,777 (12,928)
Interest income (expense), net (28) (400) (128) (1,199)
Change in fair value of warrant liabilities (1,277) (1,048) (404) 1,624
Loss on extinguishment of long-term debt, net (11) (4,631)
Other income (expense), net 5 (4) 19
Total other expense, net (1,300) (1,463) (513) (4,206)
Net (loss) income (2,972) (6,807) 1,264 (17,134)
Loss attributable to non-controlling interest 2 2
Net income (loss) attributable to Agrify Corporation $ (2,972) $ (6,805) $ 1,264 $ (17,132)
Net (loss) income per share attributable to Common Stockholders – basic (in Dollars per share) [1] $ (0.14) $ (4.39) $ 0.09 $ (13.05)
Net (loss) income per share attributable to Common Stockholders – diluted (in Dollars per share) [1] $ (0.14) $ (4.39) $ 0.06 $ (13.05)
Weighted average common shares outstanding - basic (in Shares) 20,812,678 1,549,669 14,853,454 1,312,299
Weighted average common shares outstanding - diluted (in Shares) 20,812,678 1,549,669 29,771,039 1,312,299
[1] Periods presented have been adjusted to reflect the 1-for-20 reverse stock split on July 5, 2023. Additional information regarding reverse stock splits may be found in Note 1 – Overview, Basis of Presentation, and Significant Accounting Policies, included elsewhere in the notes to the consolidated financial statements.