General form of registration statement for all companies including face-amount certificate companies

CONSOLIDATED STATEMENTS OF OPERATIONS

v3.24.2
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended 9 Months Ended 12 Months Ended
Mar. 31, 2024
Jun. 30, 2023
Mar. 31, 2023
Jun. 30, 2023
Sep. 30, 2023
Dec. 31, 2023
Dec. 31, 2022
Revenue $ 9 $ 1,162 $ 115 $ 4,714   $ 255 $ 471
Cost of revenues 475   679     2,449 2,532
Gross margin (466) (2,240) (564) (2,804)   (2,194) (2,061)
Operating expenses              
General and administrative 3,911 3,211 3,211 6,422 $ 9,961 13,524 15,065
Bad debt expense related to termination of managed service agreements           4,358 1,370
Depreciation and amortization     2     6 9
Goodwill impairment charge             3,423
Intangibles impairment charge             117
Total operating expenses 3,730 3,461 3,213 6,674 10,051 17,888 19,984
Loss from operations (4,196) (5,701) (3,777) (9,478) (12,204) (20,082) (22,045)
Other income (expenses)              
Income from equity method investments     25     43 39
Gain on Paycheck Protection Program loan forgiveness 181           1,665
Interest income           11  
Interest expense (527)   (501)     (2,031) (1,639)
Other income (expense), net 156   58     557  
Accretion expense (Note 9) (102)   (170)     (681) (681)
Total other income (expense), net (473)   (588)     (2,101) (616)
Loss from continuing operations before income taxes (4,669) (6,044) (4,365) (10,409) (13,848) (22,183) (22,661)
Income tax benefit (expense) on continuing operations   8 796 804 (788) 736 (202)
Loss from continuing operations (4,669)   (3,569)   (13,060) (21,447) (22,863)
Loss from discontinued operations, net of tax 908   425   (3,575) (4,631) (7,249)
Net loss $ (3,761) $ (6,052) $ (3,144) $ (9,196) $ (16,635) $ (26,078) $ (30,112)
Loss per share              
Loss from continuing operations, basic $ (0.03)   $ (0.20)     $ (0.28) $ (1.69)
Loss from continuing operations, diluted (0.03)   (0.20)     (0.28) (1.69)
Discontinued operations, basic and diluted              
Loss from discontinued operations, basic 0.00   0.03     (0.06) (0.54)
Loss from discontinued operations, diluted 0.00   0.03     (0.06) (0.54)
Loss per share, basic (0.03) $ (33.70) (0.17) $ (4.69) $ (86.04) (0.34) (2.23)
Loss per share, diluted $ (0.03) $ (33.70) $ (0.17) $ (4.69) $ (86.04) $ (0.34) $ (2.23)
Weighted average number of shares used in per share calculation - basic 125,997,822 179,575 18,988,794 2,149,777 193,334 76,982,760  
Weighted average number of shares used in per share calculation - diluted 125,997,822 179,575 18,988,794 2,149,777 193,334 76,982,760 13,529,862
Professional services              
Revenue   $ 458   $ 2,332