v3.25.1
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Cash flows from operating activities:    
Net loss $ (40,994) $ (71,397)
Net loss from discontinued operations (10,980) (20,495)
Net loss from continuing operations (30,014) (50,902)
Adjustments to reconcile net loss to net cash flows (used in)/provided by operating activities:    
Depreciation of property and equipment 1,564 2,325
Amortization of intangible assets 29 207
Impairment loss of tangible and intangible assets and goodwill 9,763
Credit loss allowance 3,617 1,048
Provision for litigation expenses 4,724
Fair value gain of warrant liability (59) (394)
Stock-based compensation expense 3,783 9,881
Issuance of commitment shares 966
Benefit for current and deferred income taxes (55) (82)
Net losses on disposal/write-offs of property, plant and equipment and intangible assets 6,235 5
Provision for inventories (32) 4,962
Net periodic cost of defined benefit obligation 6 23
Changes in operating assets and liabilities:    
Decrease/(increase) in accounts receivable 679 576
Decrease/(increase) in contract assets (613) 1
Decrease/(increase) in inventories 217 838
Decrease/(increase) in prepaid expenses and other current assets 150 994
Decrease/(increase) in other non-current assets (2,479) 5,676
(Decrease)/increase in trade payables 9,528 (5,522)
(Decrease)/increase in due to related parties 305
(Decrease)/increase in deferred income from grants (162)
Increase in loss contingency liability 402
(Decrease)/increase in contract liabilities 2,787 236
(Decrease)/increase in other current liabilities 1,236 (724)
(Decrease) in income tax payable (9)
(Decrease) in other long-term liabilities (16)
Operating lease asset and liabilities (450) (828)
Net cash provided by/(used in) operating activities from continuing operations 1,398 (20,976)
Cash flows from investing activities:    
Proceeds from sale of property and equipment 1,294 253
Purchases of property and equipment (36) (2,443)
Purchases of intangible assets (47)
Advances for the acquisition of property and equipment (1,255)
Acquisition of subsidiaries (1,864)
Net cash provided by/(used in) investing activities from continuing operations 1,211 (5,309)
Cash flows from financing activities:    
Issuance of common stock and paid-in capital, net of issuance costs paid 291 9,059
Proceeds from borrowings 660
Repayments of debt (101)
Net cash provided by financing activities from continuing operations 850 9,059
Net increase/(decrease) in cash, cash equivalents, restricted cash and restricted cash equivalents from continuing operations 3,459 (17,226)
Effect of exchange rate changes on cash, cash equivalent, restricted cash and restricted cash equivalents 378 83
Net cash provided by / (used in) discontinued operations:    
Cash used in operating activities (8,011) (11,138)
Cash used in investing activities (38) (926)
Cash provided by financing activities 543
Net cash used in discontinued operations (7,506) (12,064)
Net decrease in cash, cash equivalents, restricted cash and restricted cash equivalents (3,669) (29,207)
Cash, cash equivalents, restricted cash and restricted cash equivalents, beginning of year 4,050 33,619
Cash, cash equivalents, restricted cash and restricted cash equivalents, end of year 381 4,412
Reconciliation to Consolidated Balance Sheets:    
Cash and cash equivalents 381 3,200
Restricted cash, current 100
Restricted cash, non-current 750
Cash, cash equivalents, restricted cash and restricted cash equivalents 381 4,050
Cash, cash equivalents, restricted cash and restricted cash from continuing operations 381 4,050
Cash, cash equivalents, restricted cash and restricted cash from discontinued operations 362
Cash, cash equivalents, restricted cash and restricted cash equivalents 381 4,412
Supplemental Cash Flow Information    
Interest paid 115 41
Income taxes paid/(refunded) $ (55) $ (82)