XML 15 R6.htm IDEA: XBRL DOCUMENT v3.24.3
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 $ (31,243) $ (22,399)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 19 16
Stock-based compensation expense 1,446 1,486
Stock warrant expense 8,385 5,654
Board of director warrant expense 1,198
Change in fair value of convertible debt 17,872 10,870
Change in operating assets and liabilities:    
Accounts receivable (86) (198)
Prepaid expenses and other current assets 14 (66)
Accounts payable and accrued expenses 299 280
Deferred revenues 228 (197)
Net cash used in operating activities (3,066) (3,356)
Cash flows from investing activities:    
Purchases of property and equipment (28) (48)
Net cash used in investing activities (28) (48)
Cash flows from financing activities:    
Proceeds from issuance of shareholder loans 704
Proceeds from issuance of convertible notes 3,875 3,600
Proceeds from issuance of Series A-2 preferred stock 16
Data Knights merger transaction costs (1,160) (583)
Net cash provided by financing activities 3,435 3,017
Net increase (decrease) in cash and cash equivalents 341 (387)
Cash and cash equivalents at beginning of period 271 699
Cash and cash equivalents at end of period $ 612 $ 312