Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED STATEMENTS OF OPERATIONS

v3.22.1
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Income Statement [Abstract]    
Sales $ 638,000 $ 82,000
Cost of goods sold 432,000 91,000
Gross profit (loss) 206,000 (9,000)
Operating expenses:    
Research and development 3,425,000 1,079,000
Selling, general and administrative 41,498,000 6,834,000
Total operating expenses 44,923,000 7,913,000
Loss from operations (44,717,000) (7,922,000)
Other income (expense):    
Management fee income 79,000 35,000
Convertible Notes fair value adjustment (5,067,000) 0
Debt extinguishment expense (1,485,000) 0
Interest expense, net (5,133,000) (522,000)
Other income and expense 230,000 0
Loss before income taxes (56,093,000) (8,409,000)
Income tax expense 0 0
Net loss $ (56,093,000) $ (8,409,000)
Net loss applicable to common stockholders per basic common share:    
Basic (in dollars per share) $ (1.06) $ (0.17)
Diluted (in dollars per share) $ (1.06) $ (0.17)
Weighted average common shares outstanding:    
Basic (in shares) 52,888,268 49,676,523
Diluted (in shares) 52,888,268 49,676,523