v3.24.2.u1
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Income Statement [Abstract]        
Sales, net of returns and allowances $ 842,440 $ 3,966,463 $ 2,181,735 $ 5,659,878
Cost of sales 7,301,348 8,427,377 14,744,126 13,755,496
Gross loss (6,458,908) (4,460,914) (12,562,391) (8,095,618)
Operating expenses        
Selling, general and administrative 12,066,553 14,002,517 26,161,831 28,692,360
Research and development 1,992,779 5,059,745 5,520,690 12,284,594
Total operating expenses 14,059,332 19,062,262 31,682,521 40,976,954
Loss from operations (20,518,240) (23,523,176) (44,244,912) (49,072,572)
Interest income (expense), net (5,158,859) 505,500 (6,791,326) 1,055,859
Fair value adjustment (loss) on warrants (642,900) 0 (4,439,548) 0
Loss before benefit for income taxes (26,319,999) (23,017,676) (55,475,786) (48,016,713)
Benefit for income taxes 0 0 0 0
Net loss $ (26,319,999) $ (23,017,676) $ (55,475,786) $ (48,016,713)
Net loss per share of common stock        
Basic (in usd per share) [1] $ (1.40) $ (2.40) $ (3.26) $ (5.40)
Diluted (in usd per share) [1] $ (1.40) $ (2.40) $ (3.26) $ (5.40)
Weighted average shares used in computing net loss per share of common stock        
Basic (in shares) [1] 18,855,034 9,283,015 16,992,697 8,822,674
Diluted (in shares) [1] 18,855,034 9,283,015 16,992,697 8,822,674
[1] Prior periods presented have been adjusted to reflect the 1-for-20 reverse stock split which was effective on June 17, 2024. Additional information regarding the reverse stock split may be found in Note 1 Summary of Business and Significant Accounting Principles.

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