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CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - EUR (€)
€ in Thousands
6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Cash Flow from Operating Activities    
Net loss € (9,546) € (2,553)
Adjustments to reconcile net loss to net cash used in operating activities    
Depreciation 6 8
Goodwill impairment 6,671 0
Gain on sales of equipment (75) 0
Changes in operating assets and liabilities    
Receivables 20 (39)
Accrued interest on convertible notes payable 1,215 1,557
Accrued interest on non-convertible notes payable 134 105
Accounts payable 446 31
Deferred grant 0 15
Other 47 52
Net cash used in operating activities (1,082) (824)
Cash Flows from Investing Activities    
Proceeds from sale of equipment 92 0
Purchase of property and equipment 0 (2)
Net cash used in investing activities 92 (2)
Cash Flows from Financing Activities    
Repayments of federal bank loan (12) 0
Proceeds from issuance of non-convertible notes 1,100 600
Net cash provided by financing activities 1,088 600
Effect on foreign exchange rate on cash (9) 5
Net change in cash 89 (221)
Cash, beginning of period 313 571
Cash, end of period 402 350
Supplemental Disclosure of Cash Flow Information:    
Cash paid for interest 0 0
Cash paid for taxes € 0 € 0