Quarterly report pursuant to Section 13 or 15(d)

UNAUDITED INTERIM CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

v3.23.1
UNAUDITED INTERIM CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Revenues, net of discounts $ 36,753 $ 42,790
Costs and expenses applicable to revenues (21,241) (20,298)
Gross profit 15,512 22,492
Operating expenses    
Selling, general and administrative expenses 17,869 23,406
Depreciation and amortization 6,454 8,406
Write-downs and other charges, net 516 57
Total operating expenses 24,839 31,869
Loss from operations (9,327) (9,377)
Other income 565 11,326
Interest expense (3,735) (5,894)
Accretion expense (978) (766)
Provision for debt obligation fee 0 (414)
Loss on debt extinguishment (Refer to Note 5) (1,288) 0
(Losses)/gains from changes in fair value of financial instruments (33) (102)
Loss before income taxes (14,796) (5,227)
Income tax expense 3,799 4,875
Net loss $ (18,595) $ (10,102)
Net loss per share - basic $ (0.00) $ (0.06)
Net loss per share - diluted $ (0.00) $ (0.06)
Weighted average number of common shares outstanding - basic 6,419,395 171,718
Weighted average number of common shares outstanding - diluted 6,419,395 171,718