v3.25.2
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Income Statement [Abstract]        
Revenues, net $ 2,884 $ 1,440 $ 5,690 $ 2,706
Cost of revenues 1,626 1,147 3,244 2,187
Gross profit 1,258 293 2,446 519
Operating expenses:        
Research and development 76 1 78
Selling, general and administrative 1,894 1,271 3,858 2,366
Total operating expenses 1,894 1,347 3,859 2,444
Loss from operations (636) (1,054) (1,413) (1,925)
Other income (expense):        
Interest expense, net (21) (29) (42) (44)
Loss on sale of assets (4) (4)
Other expense (37) (76)
Other income 41 6 109 6
Gain on investments 23 57
Changes in fair value of warrant liability 13 79 104 26
Total other income (expense), net (4) 75 95 41
Loss before income taxes (640) (979) (1,318) (1,884)
Income tax expense
Net loss (640) (979) (1,318) (1,884)
Less: Income (loss) attributable to non-controlling interest in joint venture (25) 94 (59) 146
Net loss attributable to NexGel stockholders $ (665) $ (885) $ (1,377) $ (1,738)
Net loss per common share - basic $ (0.09) $ (0.14) $ (0.18) $ (0.28)
Net loss per common share - diluted $ (0.09) $ (0.14) $ (0.18) $ (0.28)
Weighted average shares used in computing net loss per common share - basic 7,654,348 6,254,659 7,649,878 6,118,212
Weighted average shares used in computing net loss per common share – diluted 7,654,348 6,254,659 7,649,878 6,118,212

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