Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Operations

v3.23.1
Consolidated Statements of Operations - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Digital revenue    
Total digital revenue $ 8,274 $ 8,178
Non-digital revenue 1,161 2,346
Total revenue 9,435 10,524
Cost of revenue    
Total cost of revenue 3,311 4,504
Gross margin 6,124 6,020
Operating expenses    
Research and development 5,188 12,345
Depreciation and amortization 2,529 1,677
General and administrative 25,234 25,710
Impairment loss 11,965
Total operating expenses 44,916 39,732
Loss from operations (38,792) (33,712)
Other income (expense), net    
Interest expense (2,947) (2,575)
Change in fair value of derivative liability 2,933 598
Other income, net 1,369 91
Debt extinguishment, net 1,112
Total other income (expense), net 1,355 (774)
Net loss (37,437) (34,486)
Deemed dividend to Series A preferred stockholders (348)
Deemed dividend due to warrant reset (246)
Net loss to common stockholders $ (37,683) $ (34,834)
Loss per share – basic and diluted $ (0.39) $ (0.55)
Weighted average number of common shares outstanding – basic and diluted 97,081,758 63,324,440
SaaS Recurring Subscription Revenue [Member]    
Digital revenue    
Total digital revenue $ 7,663 $ 6,831
Other Digital [Member]    
Digital revenue    
Total digital revenue 611 1,347
Digital [Member]    
Cost of revenue    
Total cost of revenue 2,306 2,249
Non Digital [Member]    
Cost of revenue    
Total cost of revenue $ 1,005 $ 2,255