Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Operations (Unaudited)

v3.23.3
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Income Statement [Abstract]        
Revenues, net $ 1,221 $ 568 $ 3,007 $ 1,524
Cost of revenues 877 420 2,546 1,304
Gross profit 344 148 461 220
Operating expenses        
Research and development 6 193 90 328
Selling, general and administrative 950 992 2,629 2,459
Total operating expenses 956 1,185 2,719 2,787
Loss from operations (612) (1,037) (2,258) (2,567)
Other income (expense)        
Interest expense (3) (242) (13) (1,334)
Interest income 1 3
Loss on debt extinguishment (150)
Warrant modification expense (57) (57)
Other income 3 2
Gain on investments 44 5 168 5
Changes in fair value of warrant liability 18 104 96 3
Total other income (expense), net 60 (190) 257 (1,531)
Loss before income taxes (552) (1,227) (2,001) (4,098)
Income tax expense
Net loss (552) (1,227) (2,001) (4,098)
Less: (Income) loss attributable to non-controlling interest in joint venture 2 (58)
Net loss attributable to NexGel stockholders $ (550) $ (1,227) $ (2,059) $ (4,098)
Net loss per common share - basic $ (0.10) $ (0.22) $ (0.36) $ (0.74)
Net loss per common share - diluted $ (0.10) $ (0.22) $ (0.36) $ (0.74)
Weighted average shares used in computing net loss per common share - basic 5,714,316 5,572,234 5,654,981 5,572,234
Weighted average shares used in computing net loss per common share – diluted 5,714,316 5,572,234 5,654,981 5,572,234