v3.25.3
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
Income Statement [Abstract]        
Revenues, net $ 2,934 $ 2,940 $ 8,625 $ 5,647
Cost of revenues 1,691 1,785 4,935 3,973
Gross profit 1,243 1,155 3,690 1,674
Operating expenses:        
Research and development 7 8 78
Selling, general and administrative 1,961 1,943 5,820 4,309
Total operating expenses 1,968 1,943 5,828 4,387
Loss from operations (725) (788) (2,138) (2,713)
Other income (expense):        
Interest expense, net 10 (20) (32) (65)
Other income 59 44 92 102
Changes in fair value of warrant liability 9 10 113 37
Total other income (expense), net 78 34 173 74
Loss before income taxes (647) (754) (1,965) (2,639)
Income tax expense
Net loss (647) (754) (1,965) (2,639)
Less: Income (loss) attributable to non-controlling interest in joint venture (6) 61 (65) 208
Net loss attributable to NexGel stockholders $ (653) $ (693) $ (2,030) $ (2,431)
Net loss per common share - basic $ (0.08) $ (0.11) $ (0.26) $ (0.39)
Net loss per common share - diluted $ (0.08) $ (0.11) $ (0.26) $ (0.39)
Weighted average shares used in computing net loss per common share - basic 7,971,299 6,569,403 7,757,429 6,274,221
Weighted average shares used in computing net loss per common share – diluted 7,971,299 6,569,403 7,757,429 6,274,221

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