Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Operations (Unaudited)

v3.24.3
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Income Statement [Abstract]        
Revenues, net $ 2,940 $ 1,221 $ 5,647 $ 3,007
Cost of revenues 1,658 877 3,678 2,546
Gross profit 1,282 344 1,969 461
Operating expenses        
Research and development 6 78 90
Selling, general and administrative 2,070 950 4,604 2,629
Total operating expenses 2,070 956 4,682 2,719
Loss from operations (788) (612) (2,713) (2,258)
Other income (expense)        
Interest expense (20) (3) (67) (13)
Interest income 1 2 3
Other income 39 40 3
Gain on investments 5 44 62 168
Changes in fair value of warrant liability 10 18 37 96
Total other income, net 34 60 74 257
Loss before income taxes (754) (552) (2,639) (2,001)
Income tax expense
Net loss (754) (552) (2,639) (2,001)
Less: Loss (income) attributable to non-controlling interest in joint venture 61 2 208 (58)
Net loss attributable to NexGel stockholders $ (693) $ (550) $ (2,431) $ (2,059)
Net loss per common share - basic $ (0.11) $ (0.10) $ (0.39) $ (0.36)
Net loss per common share - diluted $ (0.11) $ (0.10) $ (0.39) $ (0.36)
Weighted average shares used in computing net loss per common share - basic 6,569,403 5,714,316 6,274,221 5,654,981
Weighted average shares used in computing net loss per common share – diluted 6,569,403 5,714,316 6,274,221 5,654,981