Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited)

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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
CASH FLOWS FROM OPERATING ACTIVITIES    
Net loss $ (4,942) $ (10,825)
Adjustments to reconcile net loss to net cash flows used in operating activities    
Depreciation and amortization 26 40
Inventory reserve 85 1,240
Amortization of discount of notes payable and convertible notes payable 1,849 1,303
Foreign exchange adjustments 3,167 5,072
Realized loss on investment on convertible bond 297 133
Loss on equity method investment 1,347 1,490
Loss on debt extinguishment 647 421
Loss on leased assets   22
Share-based compensation 1,239 13
Shares issued for services   55
Fair value of warrants issued for services 334  
Change in fair value of warrant derivative liabilities (1,034) (1,341)
Change in fair value of conversion feature derivative, notes payable (2,100) (3,235)
Changes in fair value option instrument (32)  
Net changes in operating assets and liabilities    
Accounts receivable (4,215) (485)
Inventories 636 390
Prepaid expenses and other current assets (3) 176
Other non-current assets 66 446
Accounts payable and accrued expenses 3,237 1,479
Other current liabilities 95 (3,199)
Other long-term liabilities (3,238) 55
Net cash flows used in operating activities (2,539) (6,750)
CASH FLOWS FROM INVESTING ACTIVITIES    
Sale of convertible bond 2,232 2,919
Purchase of property and equipment (11) (18)
Loan to equity method investee (2,647) (4,226)
Net cash flows used in investing activities (426) (1,325)
CASH FLOWS FROM FINANCING ACTIVITIES    
Proceeds from notes payable issued 5,706 4,283
Proceeds from notes payable issued, related parties 227 5,469
Proceeds from convertible notes payable issued 1,000  
Proceeds from convertible notes payable issued, related party 1,000  
Payments of notes payable (5,341) (2,689)
Payments of notes payable, related party (110)  
Net cash flows provided by financing activities 2,482 7,063
Effect of exchange rate changes on cash (33) (88)
Net decrease in cash and cash equivalents (516) (1,100)
Cash and cash equivalents, beginning of period 2,021 2,279
Cash and cash equivalents, end of period 1,505 1,179
SUPPLEMENTAL DISCLOSURES OF CASH FLOW ACTIVITIES    
Interest paid 1,679 817
Income taxes paid 35 $ 16
NON-CASH INVESING AND FINANCING ACTIVITIES    
Renewal of notes payable including interest capitalized 618  
Conversion of convertible note payable to common stock 1,500  
Newly acquired right-of-use lease asset $ 189