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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS (UNAUDITED) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Revenue:        
Fitness product revenue $ 1,617 $ 206 $ 1,927 $ 502
Membership revenue 224 38 586 94
Training revenue 173 62 484 183
Total revenue 2,014 306 2,997 779
Cost of fitness product revenue (1,349) (360) (2,075) (1,529)
Cost of membership (768) (960) (2,768) (2,861)
Cost of training (185) (109) (522) (300)
Total cost of revenue (2,302) (1,429) (5,365) (4,690)
Gross loss (288) (1,123) (2,368) (3,911)
Operating expenses:        
Research and development 2,212 2,357 6,708 7,796
Sales and marketing 194 282 562 1,473
General and administrative 5,060 6,313 15,438 30,043
Total operating expenses 7,466 8,952 22,708 39,312
Loss from operations (7,754) (10,075) (25,076) (43,223)
Other income (expense), net:        
Other income (expense), net 256 (179) (506) 25
Interest expense (1,831) (154) (6,750) (1,382)
Gain upon debt forgiveness 0 0 0 2,595
Loss on issuance of warrants (4,780) 0 (5,551) 0
Gain (loss) upon extinguishment of debt and accounts payable 110 0 (1,622) 0
Change in fair value of convertible notes 0 0 (316) (252)
Change in fair value of earnout 0 0 1,300 0
Change in fair value of derivatives 956 0 201 0
Change in fair value of warrants 5,902 0 9,148 2,266
Total other income (expense), net 613 (333) (4,096) 3,252
Loss before provision for income taxes (7,141) (10,408) (29,172) (39,971)
Income tax expense 0 0 0 0
Net loss attributable to common stockholders $ (7,141) $ (10,408) $ (29,172) $ (39,971)
Net loss per share - basic $ (1.53) $ (29.35) $ (15.22) $ (136.06)
Net loss per share - diluted $ (1.53) $ (29.35) $ (15.22) $ (136.06)
Weighted average common stock outstanding - basic 4,653,452 354,656 1,916,375 293,773
Weighted average common stock outstanding - diluted 4,653,452 354,656 1,916,375 293,773