XML 14 R7.htm IDEA: XBRL DOCUMENT v3.24.1.1.u2
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net (loss) income $ (5,566) $ 1,001
Adjustments to reconcile net (loss) income to net cash used in operating activities:    
Depreciation and amortization 13 1
Share-based compensation 296 265
Changes in fair value of the warrant liability (649) (5,587)
Foreign currency exchange (gains) losses 264 3
Change in assets and liabilities:    
Prepaid expenses and other current assets 138 (239)
Accounts payable and accrued expenses 1,460 (324)
Net cash used in operating activities (4,044) (4,880)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from issuance of shares, net of issuance costs 1,726 3,212
Proceeds from employee vesting of restricted shares 3  
Payments on short-term financing arrangement (215)  
Net cash provided by financing activities 1,514 3,212
Effect of exchange rates on cash (5)  
Net decrease in cash and cash equivalents (2,535) (1,668)
Cash at beginning of period 3,845 13,250
Cash at end of period 1,310 11,582
SUPPLEMENTAL DISCLOSURES OF NONCASH ACTIVITIES:    
Financing costs in accrued expenses 62 150
Subscription receivable   $ 440
Non-cash seller-financed purchases $ 1,105