Quarterly report pursuant to Section 13 or 15(d)

Unaudited Condensed Consolidated Statements of Operations and Comprehensive Loss

v3.21.2
Unaudited Condensed Consolidated Statements of Operations and Comprehensive Loss - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Jun. 30, 2021
Jun. 30, 2020
Income Statement [Abstract]        
Net sales $ 10,989 $ 9,941 $ 21,819 $ 22,167
Cost of goods sold 7,089 5,817 13,645 13,886
Gross profit 3,900 4,124 8,174 8,281
Operating expenses:        
General and administrative 3,530 11,551 8,081 19,551
Sales and marketing 3,235 2,053 5,571 4,258
Share-based compensation 332 3,020 2,857 5,504
Total operating expenses 7,097 16,624 16,509 29,313
Loss from operations (3,197) (12,500) (8,335) (21,032)
Other expense (income):        
Interest expense 2,234 2,430 3,069 4,731
Gain on extinguishment of debt, net (851) 0 (457) 0
Change in fair value of warrant liabilities (29,356) 3,474 (22,873) 2,095
Total other (income) expense, net (27,973) 5,904 (20,261) 6,826
Net and comprehensive income (loss) 24,776 (18,404) 11,926 (27,858)
Preferred dividends 0 34 0 68
Net income (loss) available to common stockholders, basic 24,776 (18,438) 11,926 (27,926)
Net income (loss) available to common stockholders, diluted $ 24,776 $ (18,438) $ 11,926 $ (27,926)
Weighted average number of shares outstanding, basic (in shares) 11,126,909 8,156,618 10,361,462 8,122,176
Weighted average number of shares outstanding, diluted (in shares) 21,389,413 8,156,618 20,498,829 8,122,176
Earnings (loss) per share, basic (in dollars per share) $ 2.23 $ (2.26) $ 1.11 $ (3.44)
Earnings (loss) per share, diluted (in dollars per share) $ 1.19 $ (2.26) $ 0.56 $ (3.44)