v3.22.1
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
CASH FLOWS FROM OPERATING ACTIVITIES    
Net loss $ (1,542) $ (8,422)
Adjustments to reconcile net loss to net cash flows used in operating activities    
Depreciation and amortization 15 15
Inventory reserve 794 162
Amortization of discount of notes payable and convertible notes payable 411 669
Foreign exchange adjustments 1,205 1,180
Tax benefit recognized on unrealized gain on debt securities (117) (19)
Realized loss on investment on convertible bond 133  
Net loss on equity method investment 566 754
Net loss on debt extinguishment   1,172
Gain on disposal of property and equipment   (1)
Share-based compensation 5 181
Shares issued for services   500
Change in fair value of warrant derivative liabilities (748) 529
Change in fair value of conversion feature derivative, note payable (3,080) 2,338
Net changes in operating assets and liabilities    
Accounts receivable 102 (2,176)
Inventories 143 180
Prepaid expenses and other current assets 103 158
Other non-current assets 160 122
Income tax receivable and payable 10 33
Accounts payable and accrued expenses 530 (1,295)
Other current liabilities (2,980) 42
Other long-term liabilities (443) (123)
Net cash flows used in operating activities (4,733) (4,001)
CASH FLOWS FROM INVESTING ACTIVITIES    
Sale of convertible bond 2,919  
Purchases of property and equipment (2)  
Loan to equity method investee (1,690) (1,769)
Net cash flows provided by (used in) investing activities 1,227 (1,769)
CASH FLOWS FROM FINANCING ACTIVITIES    
Proceeds from notes payable issued 2,056 700
Proceeds from convertible notes payable issued   14,390
Payments of notes payable   (844)
Payments of convertible notes   (7,200)
Net cash flows provided by financing activities 2,056 7,046
Effect of exchange rate changes on cash (16) (4)
Net (decrease) increase in cash, cash equivalents and restricted cash (1,466) 1,272
Cash, cash equivalents and restricted cash, beginning of period 2,279 2,487
Cash, cash equivalents and restricted cash, end of period 813 3,759
SUPPLEMENTAL DISCLOSURES OF CASH FLOW ACTIVITIES    
Interest paid 212 319
Income taxes paid $ 4 5
NON-CASH INVESTMENT AND FINANCING ACTIVITIES    
Debt discount due to conversion features derivative   $ 5,555

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