XML 166 R58.htm IDEA: XBRL DOCUMENT v3.25.0.1
Schedule of the Original and Restated Statement of Operations (Details) - USD ($)
$ / shares in Units, $ in Thousands
 3 Months Ended 9 Months Ended 12 Months Ended
Sep. 30, 2024
Jun. 30, 2024
Mar. 31, 2024
Sep. 30, 2023
Jun. 30, 2023
Mar. 31, 2023
Sep. 30, 2024
Sep. 30, 2023
Dec. 31, 2023
Dec. 31, 2022
Revenue                    
Total revenue $ 142     $ 326     $ 617 $ 681 $ 1,021 $ 1,153
Cost of revenue 226     293     872 812 1,150 1,513
Gross margin (84)     33     (255) (131) (129) (360)
Operating expenses                    
General and administrative 1,865     1,312     4,934 2,475 3,544 [1] 4,806 [2]
Operations                
Sales and marketing 140     243     623 813 1,115 958
Research and development 298     405     1,127 1,566 2,065 [1] 1,591 [2]
Total operating expenses 2,303     1,960     6,684 4,854 6,724 7,355
Loss from operations (2,387)     (1,927)     (6,939) (4,985) (6,853) (7,715)
Other expense (income), net                    
Income tax provision                 [3]
Impairment [4]                  
Interest expense 36         120 11 [5] [6]
Stock warrant expense             33 8,385 9,207 [7] 8,073 [8]
Change in fair value of warrants 6         5 (129) [9] [3]
Change in fair value of PIPE Notes (77)         (44) 269 [10]
Change in fair value of convertible promissory notes     7,621     17,872 17,517 [5] 14,616 [6]
Other expense 4     7     17 42 34 30
Unrealized gain or loss                 [3]
Total other expense, net (329)     11,913     816 26,299 26,909 22,719
Loss before income taxes                 (33,762) (30,434)
Income tax expense                 18 17
Net loss $ (2,058) $ (3,589) $ (2,109) $ (13,840) $ (9,601) $ (7,843) $ (7,755) $ (31,284) $ (33,780) [11] $ (30,451) [12]
Earnings per share:                    
Basic net loss per common share outstanding $ (0.07)     $ (3.23)     $ (0.31) $ (7.56) $ (4.77) [13],[14] $ (7.66) [14],[15]
Diluted net loss per common share outstanding $ (0.07)     $ (3.23)     $ (0.31) $ (7.56) $ (4.77) [13],[14] $ (7.66) [14],[15]
Basic weighted average number of common shares outstanding 27,878,399     4,280,777     25,051,293 4,139,730 7,084,068 3,973,897 [15]
Diluted weighted average number of common shares outstanding 27,878,399     4,280,777     25,051,293 4,139,730 7,084,068 3,973,897 [15]
Subscription Revenue [Member]                    
Revenue                    
Total revenue $ 102     $ 256     $ 443 $ 595 $ 878 $ 678
Web Imaging Revenue [Member]                    
Revenue                    
Total revenue $ 40     $ 70     $ 174 $ 86 143 475
Previously Reported [Member]                    
Revenue                    
Total revenue                 1,021 1,153
Cost of revenue                 1,150 1,513
Gross margin                 (129) (360)
Operating expenses                    
General and administrative                 5,274 [1] 8,756 [2]
Operations                 226 399
Sales and marketing                 1,115 958
Research and development                 1,632 [1] 953 [2]
Total operating expenses                 8,247 11,066
Loss from operations                 (8,376) (11,426)
Other expense (income), net                    
Income tax provision                 215 [3]
Impairment [4]                 10,504  
Interest expense                 749 [5] 403 [6]
Stock warrant expense                 3,572 [7] [8]
Change in fair value of warrants                 (47) [9] (4,489) [3]
Change in fair value of PIPE Notes [10]                  
Change in fair value of convertible promissory notes [6]                  
Other expense                 52 47
Unrealized gain or loss                 (1,372) [3]
Total other expense, net                 14,830 (5,196)
Loss before income taxes                 (23,206) (6,230)
Income tax expense                
Net loss                 $ (23,206) [11] $ (6,230) [12]
Earnings per share:                    
Basic net loss per common share outstanding [13]                 $ (0.98)  
Diluted net loss per common share outstanding [13]                   $ (0.98)
Basic weighted average number of common shares outstanding [13]                 23,572,232  
Diluted weighted average number of common shares outstanding [13]                   23,572,232
Previously Reported [Member] | Subscription Revenue [Member]                    
Revenue                    
Total revenue                 $ 878 $ 678
Previously Reported [Member] | Web Imaging Revenue [Member]                    
Revenue                    
Total revenue                 143 475
Revision of Prior Period, Reclassification, Adjustment [Member]                    
Revenue                    
Total revenue                 1,153
Cost of revenue                
Gross margin                 1,153
Operating expenses                    
General and administrative                 (1,730) [1] (3,950) [2]
Operations                
Sales and marketing                
Research and development                 433 [1] 638 [2]
Total operating expenses                 (1,297) (3,312)
Loss from operations                 1,523 3,711
Other expense (income), net                    
Income tax provision                 (215) [3]
Impairment [4]                 (10,504)  
Interest expense                 (738) [5] (403) [6]
Stock warrant expense                 5,635 [7] 8,073 [8]
Change in fair value of warrants                 (82) [9] 4,489 [3]
Change in fair value of PIPE Notes [10]                 269  
Change in fair value of convertible promissory notes                 17,517 [5] 14,616 [6]
Other expense                
Unrealized gain or loss                 1,372 [3]
Total other expense, net                 12,097 27,932
Loss before income taxes                 (10,574) (24,221)
Income tax expense                
Net loss                 $ (10,574) [11],[16] $ (24,221) [12],[17]
Earnings per share:                    
Basic net loss per common share outstanding                 $ (3.78) [13] $ (7.66) [15]
Diluted net loss per common share outstanding                 $ (3.78) [13] $ (7.66) [15]
Basic weighted average number of common shares outstanding                 (16,488,164) [13] 3,973,897 [15]
Diluted weighted average number of common shares outstanding                 (16,488,164) [13] 3,973,897 [15]
Revision of Prior Period, Reclassification, Adjustment [Member] | Subscription Revenue [Member]                    
Revenue                    
Total revenue                
Revision of Prior Period, Reclassification, Adjustment [Member] | Web Imaging Revenue [Member]                    
Revenue                    
Total revenue                
Reclassification Adjustment [Member]                    
Revenue                    
Total revenue                 [18] [19]
Cost of revenue                 [18] [19]
Gross margin                 [18] [19]
Operating expenses                    
General and administrative                 [1],[18] [2],[19]
Operations                 (226) [18] (399) [19]
Sales and marketing                 [18] [19]
Research and development                 [1],[18] [2],[19]
Total operating expenses                 (226) [18] (399) [19]
Loss from operations [19]                   399
Other expense (income), net                    
Income tax provision                 [18] [3],[19]
Impairment [4],[18]                  
Interest expense                 [5],[18] [6],[19]
Stock warrant expense                 [7],[18] [8],[19]
Change in fair value of warrants                 [9],[18] [3],[19]
Change in fair value of PIPE Notes [10],[18]                  
Change in fair value of convertible promissory notes                 [5],[18] [6],[19]
Other expense                 (18) [18] (17) [19]
Unrealized gain or loss                 [18] [3],[19]
Total other expense, net                 (18) [18] (17) [19]
Loss before income taxes                 18 [18] 416 [19]
Income tax expense                 18 [18] 17 [19]
Net loss                 [18] $ 399 [19]
Earnings per share:                    
Basic net loss per common share outstanding                 [13] [15]
Diluted net loss per common share outstanding                 [13] [15]
Basic weighted average number of common shares outstanding [13]                
Diluted weighted average number of common shares outstanding [15]                  
Reclassification Adjustment [Member] | Subscription Revenue [Member]                    
Revenue                    
Total revenue                 [18] [19]
Reclassification Adjustment [Member] | Web Imaging Revenue [Member]                    
Revenue                    
Total revenue                 [18] [19]
[1] Impact of errors related to (i) improper valuation of stock compensation expense; (ii) improper capitalization of deferred transaction costs; and (iii) under-accrued bonus and taxes.
[2] Impact of errors related to (i) improper valuation of stock compensation expense; (ii) improper capitalization of deferred transaction costs; and (iii) under-accrued bonus and taxes.
[3] Impact of improper recognition of Data Knights income tax provision, liability classified warrants and unrealized gain/loss prior to the closing of the Business Combination.
[4] Impact of improper recognition of impairment expense upon the closing of the Business Combination with Data Knights.
[5] Impact of errors related to the valuation of the convertible promissory notes containing certain embedded features that were not previously considered, which are now accounted for under the FVO with changes in fair value reflected in the consolidated statements of operations (including interest expense).
[6] Impact of errors related to the valuation of the convertible promissory notes containing certain embedded features that were not previously considered, which are now accounted for under the FVO with changes in fair value reflected in the consolidated statements of operations (including interest expense).
[7] Impact of errors related to the identification, classification and valuation of equity-classified warrants.
[8] Impact of errors related to the identification, classification and valuation of equity-classified warrants.
[9] Impact of errors related to valuation of liability classified warrant values and the corresponding changes in fair value reflected in the consolidated statements of operations.
[10] Impact of errors related to the valuation of the PIPE notes containing certain embedded features that were not previously considered, which are now accounted for under the FVO with changes in fair value reflected in the consolidated statements of operations (including interest expense).
[11] Accumulated effects of adjustments due to the restatement of the consolidated statement of operations for the year ended December 31, 2023.
[12] Accumulated effects of adjustments due to the restatement of the consolidated statement of operations for the year ended December 31, 2022.
[13] EPS impact of corrections of errors to the consolidated statements of operations.
[14] Represents certain reclassification adjustments made to the consolidated balance sheet that are separate from the restatement but were included herein for completeness purposes.
[15] EPS impact of corrections of errors to the consolidated statements of operations.
[16] Current year impact of corrections of errors to the consolidated statements of operations.
[17] Current year impact of corrections of errors to the consolidated statements of operations.
[18] Represents certain reclassification adjustments made to the consolidated income statement that are separate from the restatement but were included herein for completeness purposes.
[19] Represents certain reclassification adjustments made to the consolidated income statement that are separate from the restatement but were included herein for completeness purposes.