XML 29 R7.htm IDEA: XBRL DOCUMENT v3.24.1.1.u2
CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Cash Flows From Operating Activities:    
Net loss $ (11,394) $ (15,961)
Adjustments to reconcile net loss to net cash used in operating activities:    
Foreign currency (49) 106
Depreciation 191 276
Amortization 1,697 1,323
Non-cash lease expense 54 27
Inventory valuation loss 0 73
Stock-based compensation 3,366 14,639
Gain Loss On Extinguishment Of Debt And Accounts Payable 1,066 0
Gain upon debt forgiveness 0 (2,595)
Interest expense (income) 671 (208)
Amortization of debt discount 1,329 0
Common stock issued to lender in connection with entering Equity Line of Credit Agreement 368 0
Change in fair value of convertible notes 316 80
Warrants issued to service providers and warrant issuance expense 345 0
Change in fair value of derivatives (54) 0
Change in fair value of warrants (1,799) (2,410)
Changes in operating assets and liabilities    
Accounts receivable (42) (11)
Inventories (130) (21)
Prepaid expenses and other current assets 198 150
Vendor deposits 46 116
Other assets 5 19
Accounts payable 123 257
Accrued expenses and other current liabilities 936 (572)
Deferred revenue (146) 6
Operating lease liabilities (56) (32)
Net cash used in operating activities (2,959) (4,738)
Cash Flows From Investing Activities:    
Acquisition of business, cash paid, net of cash acquired (1,447) 0
Acquisition of software and content (263) (416)
Net cash used in investing activities (1,710) (416)
Cash Flows From Financing Activities:    
Payments of related party loans (240) (96)
Proceeds from senior secured notes 0 2,000
Redemption on convertible notes (90) 0
Payment of loans (135) 0
Proceeds from issuance of convertible notes, net of issuance costs 4,756 0
Proceeds from the issuance of common stock A 0 4,247
Proceeds from the exercise of common stock options 0 30
Proceeds from the issuance of common stock from equity line of credit 324 0
Net cash provided by financing activities 4,615 6,181
Effect of exchange rate on cash 54 (203)
Net Change In Cash and Cash Equivalents 0 824
Cash and restricted cash at beginning of year 0 226
Cash and restricted cash at end of year 0 1,050
Supplemental Disclosure Of Cash Flow Information:    
Property & equipment in AP 18 18
Inventories in AP and accrued 650 1,078
Capitalized software and content in AP 0 18
Issuance of common stock and Series B Preferred Stock for the acquisition of business 3,702 0
Offering costs in AP and accrued 69 1,598
Issuance of Series A Preferred Stock through conversion of debt 10,082 0
Subscription receviable for issuance of Series A Preferred Stock for modification of loan 3,000 0
Conversion of convertible notes into common stock 866 0
Decrease in right-of-use asset and operating lease liabilities due to lease termination 0 61
Issuance of Common Stock from convertible notes 547 0
Issuance of Common Stock from Rights Offering 0 202
Net exercise of options 0 313
Stock-based compensation capitalized in software $ 220 $ 0