Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Operations (Unaudited)

v3.23.2
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Income Statement [Abstract]        
Revenues, net $ 1,167 $ 561 $ 1,786 $ 956
Cost of revenues 992 460 1,669 884
Gross profit 175 101 117 72
Operating expenses        
Research and development 55 111 84 135
Selling, general and administrative 882 708 1,679 1,467
Total operating expenses 937 819 1,763 1,602
Loss from operations (762) (718) (1,646) (1,530)
Other income (expense)        
Interest expense (9) (348) (10) (1,092)
Interest income 2 2
Loss on debt extinguishment (150)
Other income 2 4 2
Gain on investments 116 124
Changes in fair value of warrant liability 11 29 77 (101)
Total other income (expense), net 120 (317) 197 (1,341)
Loss before income taxes (642) (1,035) (1,449) (2,871)
Income tax expense
Net loss (642) (1,035) (1,449) (2,871)
Less: Income attributable to non-controlling interest in joint venture 53 60
Net loss attributable to NexGel stockholders $ (695) $ (1,035) $ (1,509) $ (2,871)
Net loss per common share - basic $ (0.12) $ (0.19) $ (0.27) $ (0.52)
Net loss per common share - diluted $ (0.12) $ (0.19) $ (0.27) $ (0.52)
Weighted average shares used in computing net loss per common share - basic 5,662,338 5,572,234 5,624,275 5,572,234
Weighted average shares used in computing net loss per common share – diluted 5,662,338 5,572,234 5,624,275 5,572,234