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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2024
Dec. 31, 2023
Current assets:    
Cash $ 19,533 $ 166
Receivables from ATM sales 1,416 0
Other current assets 115 209
Prepaid expenses 507 781
Tax credit receivable 770 815
Total current assets 22,341 1,971
Non-current assets:    
Property, plant and equipment, net 309 20
Intangible assets 0 9,871
Total assets 22,650 11,862
Current liabilities:    
Accounts Payable, Current 4,182 8,416
Accrued expenses and other current liabilities 5,232 1,309
Warrant derivative liability 1 3,083
Income taxes payable 74 59
Convertible promissory note and accrued interest 1,350 1,300
Total current liabilities 10,839 14,167
Non-current liabilities:    
Deferred tax 0 446
Total liabilities 10,839 14,613
Commitments and contingencies (Note 16)
Stockholders’ equity (deficit)    
Series A Preferred stock, $0.0001 par value, 500,000 authorized, 20,000 designated Series A shares, 0 and 1,417 shares issued and outstanding at December 31, 2024 and 2023, respectively (liquidation preference of $17.54 at December 31, 2023) 0 1,742
Common Stock, $0.0001 par value, 250,000,000 and 750,000,000 shares authorized, at December 31, 2024 and 2023, respectively; 7,302,797 and 9,812 shares issued and outstanding at December 31, 2024 and 2023, respectively 1 0
Additional paid-in capital 131,130 90,369
Accumulated other comprehensive loss (354) (411)
Accumulated deficit (118,966) (94,451)
Total stockholders’ equity (deficit) 11,811 (2,751)
Total liabilities and stockholders’ equity (deficit) $ 22,650 $ 11,862