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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
CASH FLOWS FROM OPERATING ACTIVITIES    
Loss for the period $ (2,462) $ (2,220)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation 7 14
Stock-based compensation 229 198
Issuance of restricted shares as compensation towards directors 5 20
Linkage difference on principal of loans from stockholders 6 6
Changes in assets and liabilities:    
Increase in other current assets (104) (331)
Increase in accounts payable 173 18
Increase (Decrease) in other current liabilities (121) 114
Net cash used in operating activities (2,267) (2,181)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchase of property and equipment (4)
Net cash used in investing activities (4)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Net proceeds received from underwritten U.S. public offering 8,730
Net cash provided by financing activities 8,730
Effect of exchange rate changes on cash and cash equivalents, and restricted cash (10) (30)
Change in cash, cash equivalents, and restricted cash 6,453 (2,215)
Cash, cash equivalents, and restricted cash at beginning of the period 2,331 6,113
Cash, cash equivalents, and restricted cash, end of period 8,784 3,898
Non-cash financing activities    
Deemed dividend upon trigger of down round protection $ 855