XML 20 R5.htm IDEA: XBRL DOCUMENT v3.24.0.1
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Revenue:    
Total revenues $ 188,058 $ 136,092
Cost of sales 163,795 142,792
Gross profit (loss) 24,263 (6,700)
Operating costs and expenses:    
Selling, general, and administrative 27,873 27,124
Depreciation 734 734
Research and development 2,486 4,438
Severance costs (46) 0
Gain on disposal of property and equipment (38) (2,916)
Gain on lease termination 0 (584)
Gain in fair value of Contract Consideration Convertible Notes Payable (29,969) (75)
Total operating costs and expenses 1,040 28,721
Income (loss) from operations 23,223 (35,421)
Other income (expense):    
Paycheck protection plan loan forgiveness 4,522 0
Interest expense (2,857) (7,051)
Other income, net (26) 145
Total other income (expense) 1,639 (6,906)
Income (loss) before income taxes 24,862 (42,327)
Income tax (expense) benefit (149) 22
Net income (loss) $ 24,713 $ (42,305)
Income (loss) per common share (As adjusted, see Notes 13 and 15):    
Basic (in dollars per share) $ 1.00 $ (3.41)
Diluted (in dollars per share) $ (0.10) $ (3.41)
Weighted average common shares (As adjusted see Notes 13 and 15):    
Weighted average common shares used in computing basic income (loss) per common share (in shares) 24,830 12,404
Weighted average common shares used in computing diluted income (loss) per common share (in shares) 28,377 12,404
Nonrelated Party    
Revenue:    
Total revenues $ 66,518 $ 54,344
Cost of sales 64,498 56,844
Related Party    
Revenue:    
Total revenues 121,540 81,748
Cost of sales $ 99,297 $ 85,948