Discontinued Operations of Razor (Tables)

9 Months Ended

Sep. 30, 2023

Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]

Schedule of Assets and Liabilities Discontinued Operations

The following table represents the results of the discontinued operations of Razor:

	Three Months Ended					Nine Months Ended
	September 30,					September 30,
	2023		2022			2023			2022
	(In thousands)
Net revenue	$	-	$	950		$	421		$	3,824
Cost of revenues		-		1,855			507			5,854
Research and development		-		2,949			702			9,200
Sales and marketing		-		3,600			498			9,966
General and administrative		-		61			329			133
Loss from impairment of held for sale assets		-		-			1,311			-
Net loss from discontinued operations	$	-	$	(7,515	)	$	(2,926	)	$	(21,329	)

Discontinued Operations, Held-for-Sale [Member]

Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]

Schedule of Assets and Liabilities Discontinued Operations

The following table represents the carrying amounts of the assets and liabilities of the discontinued operations of Razor:

	September 30,		December 31,
	2023		2022
	(In thousands)
ASSETS
CURRENT ASSETS
Cash and cash equivalents	$	-	$	1,510
Prepaid expenses and other current assets		-		346
Machinery and equipment, net, and construction in progress		-		211
Intangible assets, net		-		25,920
Impairment of held for sale assets		-		(25,866	)
TOTAL ASSETS	$	-	$	2,121
LIABILITIES AND SHAREHOLDERS’ EQUITY
Accounts payable	$	90	$	492
Accrued compensation		-		248
Accrued expenses and other current liabilities		-		1,265
Total current liabilities		90		2,005
TOTAL LIABILITIES	$	90	$	2,005

The following table summarizes cash used related to the discontinued operations of Razor:

	Nine Months Ended
	September 30,
	2023			2022
	(In thousands)
CASH FLOWS FROM OPERATING ACTIVITIES:
Net cash used in operating activities	$	(4,357	)	$	(15,744	)
CASH FLOWS FROM INVESTING ACTIVITIES:
Net cash used in investing activities	$	-		$	(96	)