Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Operations

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Consolidated Statements of Operations - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Income Statement [Abstract]    
Revenues, net $ 4,089 $ 2,048
Cost of revenues 3,470 1,792
Gross profit 619 256
Operating expenses    
Research and development 103 367
Selling, general and administrative 3,993 3,237
Total operating expenses 4,096 3,604
Loss from operations (3,477) (3,348)
Other income (expense)    
Change in fair value of warrant liability, net of warrant modification expense 96 76
Realized gain on investments in marketable securities 191 9
Loss on debt extinguishment (150)
Interest expense, net (15) (1,336)
Other expense (2)
Other income 19 3
Total other income (expense), net 289 (1,398)
Loss before income taxes (3,188) (4,746)
Income tax expense
Net loss (3,188) (4,746)
Less: Loss attributable to non-controlling interest in joint venture 31
Net loss attributable to NexGel stockholders $ (3,157) $ (4,746)
Net loss per common share - basic $ (0.56) $ (0.85)
Net loss per common share - diluted $ (0.56) $ (0.85)
Weighted average shares used in computing net loss per common share - basic 5,671,842 5,574,818
Weighted average shares used in computing net loss per common share - diluted 5,671,842 5,574,818