XML 15 R5.htm IDEA: XBRL DOCUMENT v3.24.3
Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
CASH FLOWS FROM OPERATING ACTIVITIES:    
Income (loss) before taxation $ (6,525) $ 5,192
Adjustments for    
Operating lease charge 33
Depreciation of property, plant and equipment 40 26
Gain on disposal of subsidiaries (10,659)
Loan forgiveness by related party (167)
Loss on convertible note 6 5
Standstill fee on note payable 125
Share based compensation 5,442 4,115
Interest expense on lease liability 13
Amortization of OID of convertible note 28 22
Operating cash flows before working capital changes (838) (1,466)
Increase in trade receivables (1,508)
Increase in other receivables and prepayments (2,190) (1,325)
Increase in loan receivable (5,587) (4,688)
Increase (Decrease) in trade payables 639 (70)
Increase in unearned revenue 982 56
Increase (Decrease) in taxes payable 480 (106)
Increase in accrued liabilities and other payables 862 8
Cash used in operations (7,160) (7,591)
Interest paid
Income tax paid (14)
Net cash generated from operating activities from discontinued operations 2,038
Net cash used in operating activities (7,160) (5,567)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Acquisition of fixed assets (1,825) (72)
Decrease in notes receivable 1,460
Decrease in available-for-sale financial asset 99 126
Decrease in restricted cash 299
Cash disposed as a result of disposal of subsidiaries (37)
Net cash used in investing activities from discontinued operations
Net cash generated from (used in) investing activities (266) 316
CASH FLOWS FROM FINANCING ACTIVITIES:    
Payment for lease liabilities (13)
Insurance of share capital for equity financing 4,297 7,661
Warrants exercised 1,228
Proceeds from promissory note 4,630
Repayment of promissory note (550)
Advance from related parties 533 55
Net cash used in financing activities from discontinued operations (2,064)
Net cash generated from financing activities 10,125 5,652
NET INCREASE IN CASH & EQUIVALENTS 2,699 401
CASH & EQUIVALENTS, BEGINNING OF PERIOD 536 612
EFFECT OF FOREIGN EXCHANGE RATE DIFFERENCES (913) (560)
CASH & EQUIVALENTS, END OF PERIOD $ 2,322 $ 453