Quarterly report pursuant to Section 13 or 15(d)

Unaudited Condensed Consolidated Statements of Operations and Comprehensive Loss

v3.21.1
Unaudited Condensed Consolidated Statements of Operations and Comprehensive Loss - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Income Statement [Abstract]    
Net sales $ 10,830 $ 12,226
Cost of goods sold 6,556 8,069
Gross profit 4,274 4,157
Operating expenses:    
General and administrative 4,551 8,245
Share-based compensation 2,525 2,485
Sales and marketing 2,336 1,959
Total operating expenses 9,412 12,689
Loss from operations (5,138) (8,532)
Other expense (income):    
Interest expense 835 2,301
Loss on extinguishment of debt 394 0
Change in fair value of warrant liabilities 6,483 (1,379)
Total other expense, net 7,712 922
Net and comprehensive loss (12,850) (9,454)
Preferred dividends 0 34
Net and comprehensive loss available to common stockholders $ (12,850) $ (9,488)
Weighted average number of shares outstanding, basic and diluted (in shares) 57,525,054 48,526,396
Loss per share, basic and diluted (in dollars per share) $ (0.23) $ (0.20)