Quarterly report [Sections 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, 2025
Sep. 30, 2024
CASH FLOWS FROM OPERATING ACTIVITIES    
Net loss $ (5,541) $ (4,705)
Adjustments to reconcile net loss to net cash flows used in operating activities    
Depreciation and amortization 24 17
Inventory reserve 0 14
Amortization of discount of notes payable and convertible notes payable 369 632
Foreign exchange adjustments 139 156
Tax benefit recognized on unrealized gain on debt securities (13)  
Realized loss on investment in convertible bond 531 544
Loss on debt extinguishment 672  
Gain on restructured debt   (1,032)
Loss on disposal of property and equipment   (1)
Loss on leased assets   4
Gain on lease modification (861)  
Share-based compensation 18 227
Change in fair value of warrant derivative liabilities 3 (35)
Change in fair value of conversion feature derivative, notes payable (162) 70
Net changes in operating assets and liabilities    
Accounts receivable 4 536
Inventories 428 84
Prepaid expenses and other current assets 460 404
Other non-current assets 333 574
Accounts payable and accrued expenses 4,878 1,893
Other current liabilities (2,682) (4)
Other long-term liabilities (820) (2,007)
Net cash flows used in operating activities (2,220) (2,629)
CASH FLOWS FROM INVESTING ACTIVITIES    
Proceeds from sale of convertible bond 2,172 2,508
Purchases of property and equipment (1) (6)
Net cash flows provided by investing activities 2,171 2,502
CASH FLOWS FROM FINANCING ACTIVITIES    
Proceeds from notes payable issued 4,562 3,201
Payments of notes payable (5,175) (3,684)
Payments of notes payable, related party (240) (350)
Payments of convertible notes (210) (325)
Net cash flows used in financing activities (1,063) (1,158)
Effect of exchange rate changes on cash 16 (7)
Net decrease in cash and cash equivalents (1,096) (1,292)
Cash and cash equivalents, beginning of year 1,389 2,547
Cash and cash equivalents, end of year 293 1,255
SUPPLEMENTAL DISCLOSURES OF CASH FLOW ACTIVITIES    
Interest paid 1,650 1,742
Income taxes paid 14 46
NON-CASH INVESING AND FINANCING ACTIVITIES    
Conversion of convertible note payable and accrued interest to common stock   $ 309
Equipment purchased but included in accounts payable $ 105