Quarterly report [Sections 13 or 15(d)]

Condensed Consolidated Statements of Operations (Unaudited)

v3.25.1
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
REVENUE $ 2,718,000 $ 4,209,000
COST OF REVENUE 1,522,000 2,477,000
GROSS PROFIT 1,196,000 1,732,000
OPERATING EXPENSE    
Selling, marketing and advertising 2,392,000 2,277,000
Engineering, technology and development 929,000 1,699,000
General and administrative 1,520,000 2,102,000
Contingent consideration (14,000) 259,000
Total operating expense 4,827,000 6,337,000
NET OPERATING LOSS (3,631,000) (4,605,000)
OTHER INCOME (EXPENSE)    
Gain on sale of intangible assets 243,000 144,000
Change in fair value of warrant liability (717,000) 761,000
Interest expense, including change in fair value of debt accounted for at fair value (1,402,000) (18,000)
Other income (expense), net (157,000) (20,000)
Total other income (expense) (599,000) (655,000)
Loss before provision for income taxes (4,230,000) (5,260,000)
Provision for income taxes 0 0
NET LOSS $ (4,230,000) $ (5,260,000)
Net loss attributable to common stockholders - basic and diluted    
Basic and diluted net loss per common share (in dollars per share) $ (0.25) $ (1)
Weighted-average number of common shares outstanding, basic and diluted (in shares) 16,953,860 5,240,755