v3.24.2.u1
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
Income Statement [Abstract]        
Revenues, net $ 1,440 $ 1,167 $ 2,706 $ 1,786
Cost of revenues 1,030 992 2,019 1,669
Gross profit 410 175 687 117
Operating expenses        
Research and development 76 55 78 84
Selling, general and administrative 1,388 882 2,534 1,679
Total operating expenses 1,464 937 2,612 1,763
Loss from operations (1,054) (762) (1,925) (1,646)
Other income (expense)        
Interest expense (30) (9) (46) (10)
Interest income 1 2 2 2
Loss on sale of assets (4) (4)
Other income 6 6 4
Gain on investments 23 116 57 124
Changes in fair value of warrant liability 79 11 26 77
Total other income, net 75 120 41 197
Loss before income taxes (979) (642) (1,884) (1,449)
Income tax expense
Net loss (979) (642) (1,884) (1,449)
Less: Income attributable to non-controlling interest in joint venture 94 (53) 146 (60)
Net loss attributable to NexGel stockholders $ (885) $ (695) $ (1,738) $ (1,509)
Net loss per common share - basic $ (0.14) $ (0.12) $ (0.28) $ (0.27)
Net loss per common share - diluted $ (0.14) $ (0.12) $ (0.28) $ (0.27)
Weighted average shares used in computing net loss per common share - basic 6,254,659 5,662,338 6,118,212 5,624,275
Weighted average shares used in computing net loss per common share – diluted 6,254,659 5,662,338 6,118,212 5,624,275

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