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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Cash Flows - Operating Activities:    
Net Income (Loss) $ 2,033 $ (20,342)
Adjustments to reconcile net loss to net cash used by operating activities    
Depreciation and amortization 480 515
Bad debt expense 99 313
Shares issued for services 0 224
Gain on extinguishment of debt (5,205) 0
Change in fair value of derivative liabilities (1,216) 10,618
Amortization of debt issuance costs and original issue discount 3,274 3,955
Accrued interest 1,859 3,606
Changes in operating assets and liabilities    
Accounts receivable (340) 898
Inventory 220 (31)
Prepaid expenses and other assets 118 (336)
Accounts payable (1,259) 718
Accrued expenses 328 (1,337)
Contract liabilities 41 (16)
Net Cash Provided by/(Used) in Operating Activities 432 (1,215)
Cash Flows - Investing Activities    
Purchase of property and equipment (206) (169)
Net Cash Flows Used in Investing Activities (206) (169)
Cash Flows - Financing Activities    
Proceeds from convertible promissory notes 1,300 1,202
Payment of note payable (2,175) 0
Proceeds from promissory note payable, related party 500 0
Proceeds from bridge notes advance 0 1,476
Proceeds/(Payments) from factoring, net 831 (1,167)
Payments of principal on finance leases (140) (85)
Net Cash Flow Provided by Financing Activities 316 1,426
Effect of Exchange Rates on Cash 121 (13)
Net Change in Cash During Period 663 29
Cash at Beginning of Period 1,797 1,153
Cash at End of Period 2,460 1,182
Supplemental Information:    
Cash paid for interest 2,055 908
Non-cash Investing and Financing Activities:    
Shares issued for settlement of debt 1,412 0
Write off deferred merger costs 1,226 0
Warrants issued in conjunction with convertible promissory notes 3,633 570
Capitalize default interest into Senior secured debt 3,850 0
Conversion of asset-based secured promissory notes to convertible promissory notes 4,584 0
Embedded conversion feature on convertible promissory notes payable 0 157
Common shares issued for advisory shares $ 0 $ 302