XML 15 R8.htm IDEA: XBRL DOCUMENT v3.24.3
CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Cash Flows From Operating Activities:    
Net loss $ (29,172) $ (39,971)
Adjustments to reconcile net loss to net cash used in operating activities:    
Foreign currency 218 64
Depreciation 418 743
Amortization 4,687 4,188
Non-cash lease expense 203 66
Inventory valuation loss and inventory step up amortization 141 261
Stock-based compensation 9,448 23,773
Loss on extinguishment of debt and accounts payable 1,622 0
Gain upon debt forgiveness 0 (2,595)
Fair value of common stock issued with Best Efforts Offering 299 0
Interest expense 2,147 77
Amortization of debt discount 4,603 1,305
Common stock issued to lender in connection with entering Equity Line of Credit Agreement 368 0
Change in fair value of convertible notes 316 252
Loss on issuance of warrants 5,894 442
Loss on exchange of warrants for equity 358 0
Change in fair value of earnout (1,300) 0
Change in fair value of derivatives (201) 0
Change in fair value of warrants (9,148) (2,266)
Changes in operating assets and liabilities    
Accounts receivable (1,134) (7)
Inventories 684 (442)
Prepaid expenses and other current assets 342 464
Vendor deposits (101) 323
Warrant liabilities 0 0
Other assets (13) (10)
Accounts payable (3) 585
Accrued expenses and other current liabilities 862 (780)
Deferred revenue (234) 37
Operating lease liabilities (213) (70)
Net cash used in operating activities (8,909) (13,561)
Cash Flows From Investing Activities:    
Acquisition of internal use software 0 (349)
Acquisition of business, cash paid, net of cash acquired (1,447) 0
Acquisition of software and content 40 (797)
Net cash used in investing activities (1,407) (1,146)
Cash Flows From Financing Activities:    
Payments of loans (831) 0
Proceeds from loans 1,280 0
Proceeds from related party loans 650 465
Payments of related party loans (527) (483)
Proceeds from issuance of common stock and pre-funded warrants upon offering, net of offering costs 4,510 10,820
Payments of offering costs (90) (1,453)
Proceeds from senior secured notes 0 3,030
Payments of senior secured notes 0 (2,000)
Redemption on convertible notes (212) 0
Proceeds from issuance of convertible notes, net of issuance costs 4,756 0
Proceeds from the issuance of Class A common stock 0 4,247
Proceeds from issuance of common stock from At the Market Offering, net of issuance costs 4,023 0
Interest paid on loans and convertible notes (1,093) 0
Proceeds from the exercise of common stock options and warrants 92 30
Proceeds from the issuance of common stock from equity line of credit 389 0
Net cash provided by financing activities 12,947 14,656
Effect of exchange rate on cash (362) (145)
Net Change In Cash and Cash Equivalents 2,269 (196)
Cash and restricted cash at beginning of the period 0 226
Cash and restricted cash at end of period 2,269 30
Supplemental Disclosure Of Cash Flow Information:    
Interest expense due but not paid 1,054 0
Non-Cash Investing and Financing Information:    
Property & equipment in accounts payable 18 18
Issuance of common stock and series B preferred stock for the acquisition of business 3,969 0
Offering costs in accounts payable and accrued expenses 69 3,155
Issuance of preferred stock through conversion of debt 15,170 0
Exercise and exchange of stock warrants 480 2,468
Conversion of convertible notes into common stock 1,949 4,521
Right-of-use assets obtained in exchange for new operating lease liabilities 0 313
Decrease in right-of-use asset and operating lease liabilities due to lease termination 0 61
Issuance of common stock from convertible notes and conversion of debt 920 0
Issuance of common stock from rights offering 0 202
Net exercise of options 0 323
Non cash settlement of accounts receivable and debt 750 0
Stock-based compensation capitalized in intangible asset and other assets $ 155 $ 745