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CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS' EQUITY (DEFICIT) - USD ($)
$ in Thousands
Common Shares Outstanding
ATM
Common Shares Outstanding
Capital in Excess of Par Value
ATM
[1]
Capital in Excess of Par Value
[1]
Accumulated Other Comprehensive Income (Loss)
Accumulated Deficit
Cumulative Effect, Period of Adoption, Adjustment
Accumulated Deficit
Cumulative Effect, Period of Adoption, Adjustment
ATM
Total
Beginning balance at Dec. 31, 2022       $ 333,900 $ (111)   $ (237,814)     $ 95,975
Beginning balance (in shares) at Dec. 31, 2022 [1]   843,731                
Stock issued in connection with RSU vesting, net of shares withheld for taxes       (414)           (414)
Stock issued in connection with RSU vesting, net of shares withheld for taxes (in shares) [1]   5,644                
Stock issued in connection with acquisition       503           503
Stock issued in connection with acquisition (in shares) [1]   1,941                
Equity-based compensation       1,175           1,175
Equity detachable warrants       1,577           1,577
Other comprehensive loss         70         70
Net loss             (18,182)     (18,182)
Ending balance at Mar. 31, 2023       336,741 (41) $ (118) (256,114) $ (118)   80,586
Ending balance (in shares) at Mar. 31, 2023 [1]   851,316                
Beginning balance at Dec. 31, 2022       333,900 (111)   (237,814)     95,975
Beginning balance (in shares) at Dec. 31, 2022 [1]   843,731                
Other comprehensive loss                   150
Net loss                   (38,721)
Ending balance at Jun. 30, 2023       349,206 39   (276,653)     72,592
Ending balance (in shares) at Jun. 30, 2023 [1]   942,348                
Beginning balance at Mar. 31, 2023       336,741 (41) $ (118) (256,114) $ (118)   80,586
Beginning balance (in shares) at Mar. 31, 2023 [1]   851,316                
Stock issued in connection with RSU vesting, net of shares withheld for taxes       (5)           (5)
Stock issued in connection with RSU vesting, net of shares withheld for taxes (in shares) [1]   1,534                
Stock issued in connection with licensing arrangement       3,570           3,570
Stock issued in connection with licensing arrangement (in shares) [1]   20,834                
Equity-based compensation       1,486           1,486
Stock issued in connection with capital raise     $ 2,563 4,851         $ 2,563 4,851
Stock issued in connection with capital raise (in shares) [1] 17,783 46,753                
Fractional shares issued for reverse stock split [1]   4,128                
Other comprehensive loss         80         80
Net loss             (20,539)     (20,539)
Ending balance at Jun. 30, 2023       349,206 39   $ (276,653)     72,592
Ending balance (in shares) at Jun. 30, 2023 [1]   942,348                
Beginning balance at Dec. 31, 2023       370,297 (378,707)         (8,410)
Beginning balance (in shares) at Dec. 31, 2023 [1]   2,720,437                
Stock issued in connection with RSU vesting, net of shares withheld for taxes       (1)           (1)
Stock issued in connection with RSU vesting, net of shares withheld for taxes (in shares) [1]   3,810                
Stock issued in connection with licensing arrangement       100           100
Stock issued in connection with licensing arrangement (in shares) [1]   11,480                
Stock issued in connection with warrant exercises       2,245           2,245
Stock issued in connection with warrant exercises (in shares) [1]   747,001                
Equity-based compensation       181           181
Fractional shares issued for reverse stock split [1]   118,207                
Net loss         (5,739)         (5,739)
Ending balance at Mar. 31, 2024       372,822 (384,446)         (11,624)
Ending balance (in shares) at Mar. 31, 2024 [1]   3,600,935                
Beginning balance at Dec. 31, 2023       370,297 (378,707)         (8,410)
Beginning balance (in shares) at Dec. 31, 2023 [1]   2,720,437                
Net loss                   (6,851)
Ending balance at Jun. 30, 2024       384,603 (385,558)         (955)
Ending balance (in shares) at Jun. 30, 2024 [1]   9,272,518                
Beginning balance at Mar. 31, 2024       372,822 (384,446)         (11,624)
Beginning balance (in shares) at Mar. 31, 2024 [1]   3,600,935                
Stock issued for extinguishment of Subordinated Note       3,864           3,864
Stock issued for extinguishment of Subordinated Note (in shares) [1]   1,150,000                
Stock issued upon conversion of Senior Secured Credit Facility [2]       2,756           2,756
Stock issued upon conversion of Senior Secured Credit Facility (in shares) [1],[2]   1,575,000                
Stock issued in connection with settled indebtedness       1,192           1,192
Stock issued in connection with settled indebtedness (in shares) [1]   700,958                
Stock issued in connection with warrant exercises (in shares) [1]   265,625                
Equity-based compensation       56           56
Stock issued in connection with capital raise [3]       3,913           3,913
Stock issued in connection with capital raise (in shares) [1],[3]   1,980,000                
Net loss         (1,112)         (1,112)
Ending balance at Jun. 30, 2024       $ 384,603 $ (385,558)         $ (955)
Ending balance (in shares) at Jun. 30, 2024 [1]   9,272,518                
[1] Giving retroactive effect to the 1-for-15 reverse stock split on July 5, 2023 and subsequent 1-for-16 reverse stock split on April 2, 2024.
[2] Includes exercises of 980,000 shares of prefunded warrants during the period ended June 30, 2024.
[3] Includes exercises of 125,000 shares of prefunded warrants during the period ended June 30, 2024.