Annual report [Section 13 and 15(d), not S-K Item 405]

Consolidated Statements of Operations

v3.25.1
Consolidated Statements of Operations - USD ($)
 12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Product sales $ 0 $ 25,000
Operating cost and expense    
Cost of Goods and Services Sold 7,213,000 6,282,000
Research and development cost 1,587,000 1,741,000
Impairment of equipment deposits 2,640,000 4,851,000
Loss (gain) on disposal of property, plant and equipment 440,000 (23,000)
General and administrative expense 11,967,000 11,638,000
Total operating expense 23,847,000 24,489,000
Loss from operations (23,847,000) (24,464,000)
Other income and expense    
Interest and other income 376,000 1,147,000
Interest expense (574,000) (621,000)
Change in fair value of warrant liability (507,000) 0
Total other income (expense), net (705,000) 526,000
Loss before income tax expense (24,552,000) (23,938,000)
Income tax expense (3,000) 0
Net loss $ (24,555,000) $ (23,938,000)
Weighted average shares outstanding, basic and diluted (in shares) 6,419,607 4,696,597
Basic and diluted net loss per share (in dollars per share) $ (3.83) $ (5.1)