Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED STATEMENTS OF INCOME (LOSS)

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CONSOLIDATED STATEMENTS OF INCOME (LOSS) - USD ($)
shares in Thousands, $ in Thousands
 12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
CONSOLIDATED STATEMENTS OF INCOME (LOSS)    
Net revenue $ 28,265 $ 43,535
Cost of goods sold 35,707 45,376
Gross profit (loss) (7,442) (1,841)
Operating expenses    
General and administrative 7,302 9,553
Sales and marketing 2,397 5,274
Depreciation and amortization 421 448
Total operating expenses 10,120 15,275
Loss from operations (17,562) (17,116)
Other income/(expense)    
Other income (expense) 8,541 2,455
Unrealized loss on change in fair value of investment (28) (109)
Impairment Impairment expense of long-lived assets (24,295) (3,240)
Interest expense (3,837) (6,363)
Total other income (expense) (19,619) (7,257)
Loss before provision for income taxes (37,181) (24,373)
Provision for income taxes 161 191
Net loss $ (37,342) $ (24,564)
Net loss per share:    
Basic $ (2.71) $ (2.17)
Diluted $ (2.71) $ (2.17)
Weighted average shares outstanding:    
Basic 13,790 11,318
Diluted 13,790 11,318