v3.22.2.2
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
CASH FLOWS FROM OPERATING ACTIVITIES    
Net loss $ (10,434) $ (5,933)
Adjustments to reconcile net loss to net cash flows used in operating activities    
Depreciation and amortization 28 30
Inventory reserve 1,008 300
Amortization of discount of notes payable and convertible notes payable 770 1,028
Foreign exchange adjustments 3,811 1,215
Tax benefit recognized on unrealized gain on debt securities   (201)
Net gain on investment in marketable securities 133  
Loss on equity method investment 1,059 1,336
Loss on debt extinguishment   1,172
Loss on disposal of property and equipment 2 (1)
Loss on leased assets 22  
Share-based compensation 10 455
Shares issued for services   500
Change in fair value of warrant derivative liabilities (1,290) 191
Change in fair value of conversion feature derivative, notes payable 615 (225)
Net changes in operating assets and liabilities    
Accounts receivable (188) (3,163)
Inventories 233 237
Prepaid expenses and other current assets 302 5
Other non-current assets 321 272
Income tax receivable and payable 63 (14)
Accounts payable and accrued expenses 1,172 (884)
Other current liabilities (3,002) 197
Other long-term liabilities (431) (276)
Net cash flows used in operating activities (5,796) (3,759)
CASH FLOWS FROM INVESTING ACTIVITIES    
Sale of convertible bond 2,919  
Purchases of property and equipment (18) (1)
Loan to equity method investee (3,326) (3,965)
Net cash flows used in investing activities (425) (3,966)
CASH FLOWS FROM FINANCING ACTIVITIES    
Proceeds from notes payable issued, net of issuance cost and discount 5,039 700
Proceeds from convertible notes payable issued, net of issuance cost and discount   14,490
Payments of notes payable (90) (1,079)
Payments of convertible notes   (7,200)
Net cash flows provided by financing activities 4,949 6,911
Effect of exchange rate changes on cash (25) (2)
Net decrease in cash, cash equivalents and restricted cash (1,297) (816)
Cash, cash equivalents and restricted cash, beginning of period 2,279 2,487
Cash, cash equivalents and restricted cash, end of period 982 1,671
SUPPLEMENTAL DISCLOSURES OF CASH FLOW ACTIVITIES    
Interest paid 285 590
Income taxes paid 16 41
NON-CASH INVESING AND FINANCING ACTIVITIES    
Debt discount due to conversion features derivative   $ 5,555
Debt discount due to deferred financing cost $ 134  

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