Quarterly report pursuant to Section 13 or 15(d)

Supplemental Information (Tables)

v3.24.3
Supplemental Information (Tables)
9 Months Ended
Sep. 30, 2024
Product Information [Line Items]  
Schedule of Discontinued Operation

A summary of the Lyte discontinued operation in the condensed consolidated statement of operations and comprehensive loss for the three and nine months ended September 30, 2023 is set forth below:

 

 

 

Three months ended

 

 

Nine months ended

 

 

 

September 30, 2023

 

Net revenues

 

$

1,539

 

 

$

7,133

 

Cost of revenues

 

 

1,975

 

 

 

7,361

 

Gross profit

 

 

(436

)

 

 

(228

)

 

 

 

 

 

 

 

Operating expenses:

 

 

 

 

 

 

Sales and marketing

 

 

188

 

 

 

791

 

General and administrative

 

 

493

 

 

 

1,562

 

Impairment of goodwill

 

 

4,145

 

 

 

5,348

 

Total operating expenses

 

 

4,826

 

 

 

7,701

 

Operating loss

 

$

(5,262

)

 

$

(7,929

)

Schedule of Anti-dilutive Securities Excluded from Computation of Earnings Per Share

The following table sets forth common stock equivalents that have been excluded from the computation of dilutive weighted average shares outstanding as their inclusion would have been anti-dilutive:

 

 

 

September 30,

 

 

 

2024

 

 

2023

 

Warrants

 

 

-

 

 

 

68,877

 

Options

 

 

3,705

 

 

 

17,610

 

Restricted stock units

 

 

50,525

 

 

 

148,925

 

Total

 

 

54,230

 

 

 

235,412

 

Accounts Receivable [Member]  
Product Information [Line Items]  
Schedule of Concentration of Credit Risk of Accounts Receivable Collateral is not required for accounts receivable, and we believe the carrying value approximates fair value. The following table sets forth our concentration of accounts receivable, net of specific allowances for credit losses.

 

 

 

September 30, 2024

 

December 31, 2023

Customer A

 

-%

 

43%

Customer B

 

10%

 

16%

Customer C

 

2%

 

12%

Customer D

 

21%

 

-%

Customer E

 

14%

 

-%

Customer F

 

11%

 

-%