Annual report pursuant to Section 13 and 15(d)

STOCKHOLDERS??? EQUITY (Tables)

v3.24.2
STOCKHOLDERS’ EQUITY (Tables)
 12 Months Ended
Dec. 31, 2023
Equity [Abstract]  
SUMMARIZES SALES OF OUR CLASS A COMMON STOCK

The table below summarizes sales of our Class A common stock under the ATM program:

 

($ in thousands)  

August 2021 (Inception) through

December 31, 2023

  
Class A shares sold*     97,262  
Gross proceeds   $ 12,684  
Fees paid to sales agent   $ 381  
Net proceeds   $ 12,303  

 

* After giving effect to the Reverse Stock Splits.
SCHEDULE OF EARNINGS PER SHARE BASIC AND DILUTED

A reconciliation of the numerator and denominator used in the calculation of basic and diluted net loss per share of our Class A common stock is as follows (in thousands, except per share amounts):

 

             
    For the year ended December 31,  
(in thousands, except per share data)   2023     2022  
Numerator:            
Net loss   $ (32,325 )   $ (182,226 )
Less: Net loss attributable to non-controlling interests     150       (12,717 )
Plus: Deemed Dividend on “October 2022 Standard Warrants”     (388 )     -  
Net loss attributable to Class A common stockholders   $ (32,563 )   $ (169,509 )
Denominator:                
Weighted average shares of Class A common stock outstanding*     3,993       753  
Net loss per share of Class A common stock - basic and diluted*   $ (8.16 )   $ (22.51 )

 

* After giving effect to the Reverse Stock Splits.