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v3.23.1

Assets Held for Sale and Discontinued Operations (Tables) | 3 Months Ended
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Mar. 31, 2023
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items] |
Schedule of Assets and Liabilities of Disposal Group Held for Sale | The following table represents the results of the discontinued operation of Razor (in thousands): Schedule of Discontinued Operation
|  | 2023 |  |  | 2022 |
|  | Three Months Ended |
|  | March 31, |
|  | 2023 |  |  | 2022 |
Net revenue |  | $ | 421 |  |  | $ | 1,044 |
Cost of revenues |  |  | 507 |  |  |  | 1,824 |
Research and development |  |  | 702 |  |  |  | 3,121 |
Sales and marketing |  |  | 498 |  |  |  | 2,971 |
General and administrative |  |  | 329 |  |  |  | 6 |
Loss from discontinued operations |  |  | 1,311 |  |  |  | - |
Net loss from discontinued operations |  | $ | (2,926 | ) |  | $ | (6,878 | )
Discontinued Operations, Held-for-Sale [Member] |
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items] |
Schedule of Assets and Liabilities of Disposal Group Held for Sale | The following table represents the carrying amounts of the held for sale related assets and liabilities as of March 31, 2023 and carrying amounts of the held for sale related assets and liabilities of discontinued operations as of December 31, 2022 (in thousands): Schedule of Assets and Liabilities of Disposal Group Held for Sale
|  | March 31, |  |  | December 31, |
|  | 2023 |  |  | 2022 |
ASSETS |  |  |  |  |  |  |  |
CURRENT ASSETS |  |  |  |  |  |  |  |
Cash and cash equivalents |  | $ | - |  |  | $ | 1,510 |
Accounts receivable |  |  | - |  |  |  | - |
Prepaid expenses and other current assets |  |  | - |  |  |  | 346 |
Machinery and equipment, net, and construction in progress |  |  | - |  |  |  | 211 |
Intangible assets, net |  |  | - |  |  |  | 25,920 |
Impairment of held for sale assets |  |  |  |  |  |  | (25,866 | )
Assets held for sale |  |  | 421 |  |  |  | - |
TOTAL ASSETS |  |  | 421 |  |  |  | 2,121 |
LIABILITIES AND SHAREHOLDERS’ EQUITY |  |  |  |  |  |  |  |
CURRENT LIABILITIES |  |  |  |  |  |  |  |
Accounts payable |  | $ | 160 |  |  | $ | 492 |
Accrued compensation |  |  | - |  |  |  | 248 |
Accrued expenses and other current liabilities |  |  | 76 |  |  |  | 1,265 |
TOTAL LIABILITIES |  |  | 236 |  |  |  | 2,005 |
The following table summarizes cash used related to Razor as of and for the three months ended March 31, 2023 and 2022 (in thousands):
|  | Three Months Ended |
|  | March 31, |
|  |  | 2023 |  |  |  | 2022 |
CASH FLOWS FROM OPERATING ACTIVITIES: |  |  |  |  |  |  |  |
Net cash used in operating activities |  | $ | (4,357 | ) |  | $ | (5,532 | )
CASH FLOWS FROM INVESTING ACTIVITIES: |  |  |  |  |  |  |  |
Net cash used in investing activities |  | $ | - |  |  | $ | (114 | )

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