Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED STATEMENTS OF OPERATIONS

v3.24.1.1.u2
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
 1 Months Ended 3 Months Ended 6 Months Ended 9 Months Ended 12 Months Ended
Jun. 30, 2021
Mar. 31, 2022
Dec. 31, 2021
Sep. 30, 2021
Jun. 30, 2021
Mar. 31, 2021
Dec. 31, 2020
Sep. 30, 2020
Jun. 30, 2020
Sep. 30, 2021
Sep. 30, 2020
Dec. 31, 2021
Dec. 31, 2020
Mar. 31, 2022
Mar. 31, 2021
Revenue:                              
Total revenue   $ 16,049 $ 17,808 $ 17,640 $ 12,467 $ 18,135 $ 16,697 $ 13,710 $ 19,065 $ 30,107 $ 32,775 $ 47,915 $ 49,472 $ 63,964 $ 67,607
Cost of goods sold:                              
Total cost of goods sold   16,234 15,733 14,498 11,858 21,025 14,480 12,609 15,008 26,356 27,617 42,089 42,097 58,323 63,122
Gross profit   (185) 2,075 3,142 609 (2,890) 2,217 1,101 4,057 3,751 5,158 5,826 7,375 5,641 4,485
Operating expenses:                              
Research and development   722 767 987 883 714 734 599 370 1,870 969 2,637 1,703 3,359 2,417
Selling, general and administrative   5,187 5,293 6,438 5,324 5,157 4,816 4,872 3,546 11,762 8,418 17,055 13,234 22,242 18,391
Total operating expenses   5,909 6,060 7,425 6,207 5,871 5,550 5,471 3,916 13,632 9,387 19,692 14,937 25,601 20,808
Loss from operations   (6,094) (3,985) (4,283) (5,598) (8,761) (3,333) (4,370) 141 (9,881) (4,229) (13,866) (7,562) (19,960) (16,323)
Other income   3 (21) (5) 665 4,989 (11) 11 4 660 15 639 4 642 4,993
Interest income   5 5 6 5 7 7 8 8 11 16 16 23 21 30
Interest expense   (1,204) (1,287) (1,278) (1,235) (1,321) (1,231) (1,313) (1,291) (2,513) (2,604) (3,800) (3,835) (5,004) (5,156)
Gain (loss) on debt extinguishment $ 1,900       1,950   (4,282)     1,950   1,950 (4,282) 1,950 (4,282)
Loss before provision for income taxes   (7,290) (5,288) (5,560) (4,213) (5,086) (8,850) (5,664) (1,138) (9,773) (6,802) (15,061) (15,652) (22,351) (20,738)
Provision for income taxes   9   2 8 9   9 1 10 10 10 10 19 19
Net loss   (7,299) (5,288) (5,562) (4,221) (5,095) (8,850) (5,673) (1,139) (9,783) (6,812) (15,071) (15,662) (22,370) (20,757)
Less: Deemed dividend on purchase warrant for common shares               15     15   15   15
Net loss attributable to common stockholders   $ (7,299) $ (5,288) $ (5,562) $ (4,221) $ (5,095) $ (8,850) $ (5,688) $ (1,139) $ (9,783) $ (6,827) $ (15,071) $ (15,677) $ (22,370) $ (20,772)
Net loss per common share attributable to common stockholders-basic (in dollars per share)   $ (0.48) $ (0.35) $ (0.37) $ (0.32) $ (0.41) $ (0.80) $ (0.52) $ (0.11) $ (0.69) $ (0.63) $ (1.04) $ (1.43) $ (1.52) $ (1.84)
Net loss per common share attributable to common stockholders-diluted (in dollars per share)   $ (0.48) $ (0.35) $ (0.37) $ (0.32) $ (0.41) $ (0.80) $ (0.52) $ (0.11) $ (0.69) $ (0.63) $ (1.04) $ (1.43) $ (1.52) $ (1.84)
Weighted average shares used to calculate basic net loss per common share attributable to common stockholders (in shares)   15,273 15,236 15,167 13,226 12,335 11,081 11,040 10,598 14,202 10,862 14,548 10,935 14,727 11,280
Weighted average shares used to calculate diluted net loss per common share attributable to common stockholders (in shares)   15,273 15,236 15,167 13,226 12,335 11,081 11,040 10,598 14,202 10,862 14,548 10,935 14,727 11,280
Product and accessories                              
Revenue:                              
Total revenue   $ 8,236 $ 9,901 $ 9,344 $ 5,239 $ 10,495 $ 8,848 $ 6,099 $ 11,209 $ 14,583 $ 17,308 $ 24,484 $ 26,156 $ 32,720 $ 36,651
Cost of goods sold:                              
Total cost of goods sold   10,030 10,659 9,599 6,818 $ 16,155 $ 9,183 $ 6,531 $ 10,118 16,417 $ 16,649 27,076 $ 25,832 37,106 41,987
Parts and service                              
Revenue:                              
Total revenue   7,813 7,907 8,296 7,228         15,524   23,431   31,244 30,956
Cost of goods sold:                              
Total cost of goods sold   $ 6,204 $ 5,074 $ 4,899 $ 5,040         $ 9,939   $ 15,013   $ 21,217 $ 21,135