XML 16 R7.htm IDEA: XBRL DOCUMENT v3.24.2.u1
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
CASH FLOWS FROM OPERATING ACTIVITIES:        
Net loss $ (7,558) $ (4,000) $ (13,124) $ (2,999)
Adjustments to reconcile net loss to net cash used in operating activities:        
Depreciation and amortization     13 2
Share-based compensation     741 541
Change in fair value of warrant liability 151 (560) (498) (6,147)
Foreign currency exchange losses (gains)     280 (34)
Change in assets and liabilities:        
Prepaid expenses and other current assets     702 (269)
Accounts payable and accrued expenses     2,948 (668)
Net cash used in operating activities     (8,938) (9,574)
CASH FLOWS FROM FINANCING ACTIVITIES:        
Proceeds from issuance of shares, net of issuance costs     8,820 3,502
Proceeds from issuance of convertible notes     1,000  
Proceeds from employee vesting of restricted shares     3 1
Payments on short-term financing arrangement     (546)  
Net cash provided by financing activities     9,277 3,503
Effect of exchange rates on cash     (7) 2
Net increase (decrease) in cash     332 (6,069)
Cash at beginning of period     3,845 13,250
Cash at end of period $ 4,177 $ 7,181 4,177 $ 7,181
SUPPLEMENTAL DISCLOSURES OF NONCASH ACTIVITIES:        
Financing costs in accrued expenses     205  
Non-cash seller-financed purchases     1,105  
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFO:        
Cash paid during the period for interest     $ 51