XML 15 R4.htm IDEA: XBRL DOCUMENT v3.25.3
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
 3 Months Ended 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
Income Statement [Abstract]        
Revenue [1] $ 4,043 $ 6,623
Cost of goods sold 2,668 4,476
Gross profit 1,375 2,147
Selling, general and administrative [2] 10,263 1,220 21,534 3,795
Change in contingent consideration (2,180)
Total operating expenses 10,263 1,220 21,534 1,615
Operating loss from continuing operations (8,888) (1,220) (19,387) (1,615)
Interest expense, net [3] (1,134) (38) (1,424) (166)
Change in fair value of warrant liabilities (664) (15,098) (372) (15,502)
Other income, net 53 71
Total other expense, net (1,745) (15,136) (1,725) (15,668)
Loss from continuing operations before income taxes (10,633) (16,356) (21,112) (17,283)
Income tax provision
Loss from continuing operations, net of income taxes (10,633) (16,356) (21,112) (17,283)
Loss from discontinued operations (32) (2,295) (2,073) (104)
Gain on disposal of Extraction business 3,534
(Loss) income from discontinued operations, net of income taxes (32) (2,295) 1,461 (104)
Net loss $ (10,665) $ (18,651) $ (19,651) $ (17,387)
Basic and diluted (loss) income per share        
Continuing operations (in Dollars per share) $ (5.31) $ (15.15) $ (10.69) $ (20.86)
Discontinued operations (in Dollars per share) (0.02) (2.13) 0.73 (0.13)
Net loss per share attributable to Common Stockholders – basic (in Dollars per share) [4] (5.33) (17.28) (9.96) (20.99)
Net loss per share attributable to Common Stockholders – diluted (in Dollars per share) [4] $ (5.33) $ (17.28) $ (9.96) $ (20.99)
Weighted average common shares outstanding - basic (in Shares) [4] 2,002,568 1,079,198 1,973,553 828,344
Weighted average common shares outstanding - diluted (in Shares) [4] 2,002,568 1,079,198 1,973,553 828,344
[1] Include $696 thousand and $961 thousand for the three and nine months ended September 30, 2025, respectively, and none for the three and nine months ended September 30, 2024, in each case from related parties.
[2] Include $3.1 million and $7.3 million for the three and nine months ended September 30, 2025, respectively, and none for the three and nine months ended September 30, 2024, in each case from related parties.
[3] Include $1.4 million and $2.2 million of interest expense for the three and nine months ended September 30, 2025, respectively, and none for the three and nine months ended September 30, 2024, in each case from a related party.
[4] Periods presented have been adjusted to retroactively reflect the 1-for-15 reverse stock split on October 8, 2024. Additional information regarding reverse stock splits may be found in Note 1 – Overview, Basis of Presentation, and Significant Accounting Policies, included in the notes to the condensed consolidated financial statements.