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Restatement of Previously Issued Financial Statements (Details) - Schedule of Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Current assets      
Cash and cash equivalents [1] $ 2,059 $ 5,308  
Accounts receivable 65 13  
Inventory [1] 73  
Loans receivable, net of provision for credit losses 279    
Prepaid expenses and other current assets 180 129  
Total current assets [1] 2,656 5,450  
Property and equipment, net [1] 2,870 975  
Operating lease right-of-use assets [1] 1,051 1,273  
Intangible Assets, net [1] 12,076 15,180  
Goodwill 55,573 [1] 55,573 [1]
Other non-current assets [1] 129 60  
Total assets [1] 74,355 78,511  
Current liabilities      
Accounts payable [1] 1,462 872  
Accrued expenses [1] 639 2,961  
Financial liabilities, current    
Financial liabilities, current, net of issuance costs 1,925    
Other current liabilities 786 760  
Total current liabilities [1] 4,812 4,593  
Financial liabilities, net of issuance costs   7,188  
Warrant liability 3,920 528  
Operating lease liabilities [1] 840 1,078  
Total liabilities [1] 5,652 13,387  
Stockholders’ equity      
Preferred stock [1]  
Common stock [1] 8 6  
Additional paid-in capital [1] 200,635 169,175  
Accumulated deficit [1] (131,940) (104,057)  
Total stockholders’ equity 68,703 [1] 65,124 [1] 15,022
Total liabilities and stockholders’ equity [1] 74,355 78,511  
As Previously Reported [Member]      
Current assets      
Cash and cash equivalents 2,059 5,308  
Accounts receivable 65 13  
Inventory 73    
Loans receivable, net of provision for credit losses 557    
Prepaid expenses and other current assets 427 408  
Total current assets 3,181 5,729  
Property and equipment, net 2,870 975  
Operating lease right-of-use assets 800 1,187  
Intangible Assets, net 11,388 22,224  
Goodwill 60,360 59,126  
Other non-current assets 129 60  
Total assets 78,728 89,301  
Current liabilities      
Accounts payable 1,462 872  
Accrued expenses 411 3,780  
Financial liabilities, current   536  
Financial liabilities, current, net of issuance costs 2,496    
Other current liabilities 250 132  
Total current liabilities 4,619 5,320  
Financial liabilities, net of issuance costs   7,858  
Warrant liability    
Operating lease liabilities 840 1,226  
Total liabilities 5,459 14,404  
Stockholders’ equity      
Preferred stock  
Common stock 8 6  
Additional paid-in capital 222,980 194,879  
Accumulated deficit (149,719) (119,988)  
Total stockholders’ equity 73,269 74,897 16,202
Total liabilities and stockholders’ equity 78,728 89,301  
Adjustments [Member]      
Current assets      
Cash and cash equivalents  
Accounts receivable  
Inventory    
Loans receivable, net of provision for credit losses [2] (278)    
Prepaid expenses and other current assets [3] (247) (279)  
Total current assets (525) (279)  
Property and equipment, net  
Operating lease right-of-use assets [3] 251 86  
Intangible Assets, net [4] 688 (7,044)  
Goodwill [4] (4,787) (3,553)  
Other non-current assets  
Total assets (4,373) (10,790)  
Current liabilities      
Accounts payable  
Accrued expenses [5],[6] 228 (819)  
Financial liabilities, current [3]   (536)  
Financial liabilities, current, net of issuance costs [7] (571)    
Other current liabilities [3] 536 628 [8]  
Total current liabilities 193 (727)  
Financial liabilities, net of issuance costs [7]   (670)  
Warrant liability [4]   528  
Operating lease liabilities (148) [3]  
Total liabilities 193 (1,017)  
Stockholders’ equity      
Preferred stock  
Common stock  
Additional paid-in capital (22,345) (25,704)  
Accumulated deficit 17,779 15,931  
Total stockholders’ equity (4,566) (9,773) $ (1,180) [9]
Total liabilities and stockholders’ equity $ (4,373) $ (10,790)  
[1] As described in Note 3 to the Consolidated Financial Statements appearing elsewhere in this Amendment, we have restated the Consolidated Financial Statements.
[2] Uncollectable reserve – We identified a reserve for collection risk related to notes receivable.
[3] Other - We corrected certain classifications, previously identified errors and out of period adjustments that were deemed immaterial to the annual or interim period in which they were recorded and restated prior periods to reflect these corrections in the appropriate periods.
[4] QPhoton purchase accounting – We adjusted the final purchase price accounting for identifiable intangibles and the value attributable to the QPhoton Warrants, as defined below, including associated mark-to-market quarterly adjustments.
[5] Accrued Expenses – We identified and corrected errors to record liabilities for performance-based bonus expenditures and state franchise fees to reflect the expenses in the appropriate period.
[6] Stock-based compensation – We adjusted expenses and prior period retained earnings to reflect the change in our accounting policy election to account for forfeitures as they occur, as well as to refine assumptions used in calculating the fair value. We also ensured all such expenditures were accrued and accounted for in the appropriate periods based on vesting schedules and underlying agreements.
[7] Debt issuance costs – We corrected errors to appropriately accrete issuance costs for the Streeterville Unsecured Note, as defined below, over the life of the loan.
[8] Financing Expenditures – We corrected the presentation of Series A Preferred Stock dividends and ATM proceeds.
[9] As described in Note 3 to the Consolidated Financial Statements appearing elsewhere in this Amendment, we have restated the Consolidated Financial Statements.