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CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - EUR (€)
€ in Thousands
9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Cash Flow from Operating Activities    
Net loss € (10,660) € (3,898)
Adjustments to reconcile net loss to net cash used in operating activities    
Depreciation 9 11
Goodwill impairment 6,671 0
Gain on sales of equipment (75) 0
Changes in operating assets and liabilities    
Receivables 49 (43)
Accrued interest on convertible notes payable 1,968 2,436
Accrued interest on non-convertible notes payable 194 161
Accounts payable 346 1
Other 81 (34)
Net cash used in operating activities (1,417) (1,366)
Cash Flows from Investing Activities    
Proceeds from sale of equipment 94 0
Purchase of property and equipment 0 (2)
Net cash used in investing activities 94 (2)
Cash Flows from Financing Activities    
Repayments of federal bank loan (14) 0
Proceeds from issuance of non-convertible notes 1,100 1,200
Net cash provided by financing activities 1,086 1,200
Effect on foreign exchange rate on cash (14) (2)
Net change in cash (251) (170)
Cash, beginning of period 313 571
Cash, end of period 62 401
Supplemental Disclosure of Cash Flow Information:    
Cash paid for interest 0 0
Cash paid for taxes € 0 € 0