v3.25.1
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Income Statement [Abstract]    
Revenue $ 55,998 $ 65,869
Cost of revenue 33,572 40,157
Gross profit 22,426 25,712
Operating expenses:    
Advertising and marketing 95 80
Research and development 3,848 5,757
General and administrative 6,933 8,678
Payroll and payroll taxes 13,836 12,017
Professional fees 4,372 7,076
Stock compensation expense 624 1,853
Depreciation and amortization 2,264 2,553
Impairment of goodwill 6,675 0
Impairment of intangible assets 3,028 0
Restructuring charges 1,636 0
Total operating expenses 43,311 38,014
Loss from operations (20,885) (12,302)
Other income (expense):    
Interest expense (862) (3,340)
Accretion of debt discount (2,258) (13,134)
Changes in fair value of derivative liability 14 6,544
Derecognition expense on conversion of convertible debt (600) (25,035)
Legal settlement expense (2,064) (4,142)
Gain on sale of property and equipment 0 1,069
Other income (expense), net 970 (2,472)
Total other expense, net (4,800) (40,510)
Loss before provision for income taxes (25,685) (52,812)
Income tax provision 1,140 289
Net loss (26,825) (53,101)
Comprehensive income statement:    
Net loss (26,825) (53,101)
Foreign currency translation (loss) gain (1,652) 44
Total comprehensive loss $ (28,477) $ (53,057)
Net loss per share:    
Basic and diluted (in Dollars per share) $ (4.01) $ (10.11)
Basic and diluted (in Dollars per share) $ (4.01) $ (10.11)
Weighted average number of common shares outstanding:    
Basic and diluted (in Shares) 6,694,165 5,251,852
Basic and diluted (in Shares) 6,694,165 5,251,852