v3.22.2
Unaudited Condensed Consolidated Statements of Operations - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Income Statement [Abstract]        
Net sales $ 16,515,000 $ 10,989,000 $ 33,529,000 $ 21,819,000
Cost of goods sold 11,788,000 7,088,000 24,095,000 13,644,000
Gross profit 4,727,000 3,901,000 9,434,000 8,175,000
Operating expenses:        
Selling, general and administrative 8,187,000 6,766,000 15,764,000 13,653,000
Share-based compensation 801,000 332,000 1,892,000 2,857,000
Total operating expenses 8,988,000 7,098,000 17,656,000 16,510,000
Loss from operations (4,261,000) (3,197,000) (8,222,000) (8,335,000)
Other (expense) income:        
Interest expense, net (106,000) (2,234,000) (182,000) (3,069,000)
Gain on extinguishment of debt, net 0 851,000 0 457,000
Change in fair value of warrant liabilities 0 29,356,000 0 22,873,000
Total other (expense) income, net (106,000) 27,973,000 (182,000) 20,261,000
Net (loss) income before income taxes (4,367,000) 24,776,000 (8,404,000) 11,926,000
Income tax expense 0 0 3,000 0
Net (loss) income available to common stockholders $ (4,367,000) $ 24,776,000 $ (8,407,000) $ 11,926,000
Weighted average number of shares outstanding, basic (in shares) 29,364,712 11,126,909 29,327,316 10,361,462
Weighted average number of shares outstanding, diluted (in shares) 29,364,712 21,389,413 29,327,316 20,498,829
Net (loss) income per share available to common stockholders, basic (in dollars per share) $ (0.15) $ 2.23 $ (0.29) $ 1.11
Net (loss) income per share available to common stockholders, diluted (in dollars per share) $ (0.15) $ 1.19 $ (0.29) $ 0.56

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