Interim Condensed Consolidated Statements of Operations (Unaudited) - USD ($) $ in Thousands |
3 Months Ended | 6 Months Ended | ||
---|---|---|---|---|
Jun. 30, 2024 |
Jun. 30, 2023 |
Jun. 30, 2024 |
Jun. 30, 2023 |
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Income Statement [Abstract] | ||||
Revenues, net | $ 31,642 | $ 14,957 | $ 63,795 | $ 30,609 |
Cost of goods sold | 24,394 | 11,017 | 46,518 | 22,623 |
Gross profit | 7,248 | 3,940 | 17,277 | 7,986 |
Selling, general, and administrative | 20,766 | 8,672 | 39,732 | 17,605 |
Change in fair value of earn out liability | 0 | 4,375 | 0 | 4,375 |
Total operating expenses | 20,766 | 13,047 | 39,732 | 21,980 |
Loss from operations | (13,518) | (9,107) | (22,455) | (13,994) |
Other (income) expense | ||||
Notes payable and convertible notes payable interest expense | 798 | 1,549 | 1,570 | 3,148 |
Finance lease liability interest expense | 3,356 | 2,602 | 6,735 | 5,176 |
Other interest expense | 381 | 0 | 381 | 0 |
Amortization of debt discount | 179 | 685 | 356 | 1,217 |
Other (income) expense, net | 4,986 | (586) | 4,438 | (1,602) |
Total other (income) expense, net | 9,700 | 4,250 | 13,480 | 7,939 |
Loss before income taxes | (23,218) | (13,357) | (35,935) | (21,933) |
Income tax expense | (736) | (749) | (1,723) | (1,514) |
Net loss | (23,954) | (14,106) | (37,658) | (23,447) |
Net loss attributable to non-controlling interest | (119) | (44) | (188) | (63) |
Net loss attributable to Gold Flora Corporation | (23,835) | (14,062) | (37,470) | (23,384) |
Dividend on preferred stock | 0 | (399) | 0 | (794) |
Net loss attributable to Gold Flora Corporation | $ (23,835) | $ (14,461) | $ (37,470) | $ (24,178) |
Per share – basic and diluted | ||||
Net loss per share - basic (in dollars per share) | $ (0.08) | $ (0.15) | $ (0.13) | $ (0.26) |
Net loss per share - diluted (in dollars per share) | $ (0.08) | $ (0.15) | $ (0.13) | $ (0.26) |
Weighted average number of shares outstanding - basic (in shares) | 287,610,965 | 94,341,622 | 287,563,193 | 94,344,138 |
Weighted average number of shares outstanding - diluted (in shares) | 287,610,965 | 94,341,622 | 287,563,193 | 94,344,138 |
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- Definition Amount of amortization expense attributable to debt discount (premium) and debt issuance costs. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Amount of increase (decrease) in the value of a contingent consideration liability, including, but not limited to, differences arising upon settlement. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition The aggregate cost of goods produced and sold and services rendered during the reporting period. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- References No definition available.
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- Definition Amount of interest expense on finance lease liability. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Aggregate revenue less cost of goods and services sold or operating expenses directly attributable to the revenue generation activity. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Amount, before tax, of income (loss) including portion attributable to noncontrolling interest. Includes, but is not limited to, income (loss) from continuing operations, discontinued operations and equity method investments. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- References No definition available.
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- Definition Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of the cost of borrowed funds accounted for as interest expense for debt. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of interest expense classified as other. No definition available.
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- Definition The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of Net Income (Loss) attributable to noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount, after deduction of tax, noncontrolling interests, dividends on preferred stock and participating securities; of income (loss) available to common shareholders. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The aggregate amount of income or expense from ancillary business-related activities (that is to say, excluding major activities considered part of the normal operations of the business). Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- References No definition available.
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- Definition Generally recurring costs associated with normal operations except for the portion of these expenses which can be clearly related to production and included in cost of sales or services. Includes selling, general and administrative expense. No definition available.
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- Definition The net result for the period of deducting operating expenses from operating revenues. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Amount of income (expense) related to nonoperating activities, classified as other. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The aggregate value of preferred stock dividends and other adjustments necessary to derive net income apportioned to common stockholders. Reference 1: http://www.xbrl.org/2003/role/recommendedDisclosureRef
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- Definition The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount, excluding tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value added and excise. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The aggregate total costs related to selling a firm's product and services, as well as all other general and administrative expenses. Direct selling expenses (for example, credit, warranty, and advertising) are expenses that can be directly linked to the sale of specific products. Indirect selling expenses are expenses that cannot be directly linked to the sale of specific products, for example telephone expenses, Internet, and postal charges. General and administrative expenses include salaries of non-sales personnel, rent, utilities, communication, etc. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The average number of shares or units issued and outstanding that are used in calculating diluted EPS or earnings per unit (EPU), determined based on the timing of issuance of shares or units in the period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Number of [basic] shares or units, after adjustment for contingently issuable shares or units and other shares or units not deemed outstanding, determined by relating the portion of time within a reporting period that common shares or units have been outstanding to the total time in that period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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