Quarterly report [Sections 13 or 15(d)]

Condensed Consolidated Statements of Operations (Unaudited)

v3.26.1
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Income Statement [Abstract]        
Revenues, net $ 3,686 $ 2,884 $ 6,336 $ 5,690
Cost of revenues 2,577 1,626 4,166 3,244
Gross margin 1,109 1,258 2,170 2,446
Operating expenses:        
Research and development 20 20 1
Selling, general and administrative 3,594 1,894 5,613 3,858
Total operating expenses 3,614 1,894 5,633 3,859
Loss from operations (2,505) (636) (3,463) (1,413)
Other income (expense):        
Interest income (expense), net (2,226) (21) (2,269) (42)
Changes in fair value of derivative liability and warrant modification expense 1,436 13 1,436 104
Loss on issuance of convertible debt (422)   (422)
Other expense (1) (37) (7) (76)
Other income 112 41 247 109
Total other income (expense), net (1,101) (4) (1,015) 95
Loss before income taxes (3,606) (640) (4,478) (1,318)
Income tax expense  
Net loss (3,606) (640) (4,478) (1,318)
Less: Income attributable to non-controlling interest in joint venture (29) (25) (85) (59)
Net loss attributable to NexGel stockholders $ (3,635) $ (665) $ (4,563) $ (1,377)
Net loss per common share - basic $ (0.40) $ (0.09) $ (0.54) $ (0.18)
Net loss per common share - diluted $ (0.40) $ (0.09) $ (0.54) $ (0.18)
Weighted average shares used in computing net loss per common share - basic 9,013,261 7,654,348 8,486,427 7,649,878
Weighted average shares used in computing net loss per common share – diluted 9,013,261 7,654,348 8,486,427 7,649,878