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CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - EUR (€)
€ in Thousands
9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Cash Flow from Operating Activities    
Net loss € (3,898) € (3,501)
Adjustments to reconcile net loss to net cash used in operating activities    
Depreciation 11 14
Changes in operating assets and liabilities    
Receivables (43) 39
Accrued interest on convertible notes payable 2,436 2,083
Accrued interest on non-convertible notes payable 161 136
Accounts payable 1 0
Deferred grant 0 13
Other (34) (43)
Net cash used in operating activities (1,366) (1,259)
Cash Flows from Investing Activities    
Purchase of property and equipment (2) (10)
Net cash used in investing activities (2) (10)
Cash Flows from Financing Activities    
Proceeds from borrowing on-line of credit with federal bank 0 0
Proceeds from issuance of non-convertible notes 1,200 1,200
Net cash provided by financing activities 1,200 1,200
Effect on foreign exchange rate on cash (2) (12)
Net change in cash (170) (81)
Cash, beginning of period 571 1,083
Cash, end of period 401 1,002
Supplemental Disclosure of Cash Flow Information:    
Cash paid for taxes € 0 € (48)