v3.25.2
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Operating activities    
Net loss $ (1,957) $ (6,069)
Net loss from discontinued operations (143) (1,112)
Net loss from continuing operations (1,814) (4,957)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:    
Depreciation and amortization 32 69
Non-cash interest expenses and amortization of debt discount 327 1,600
Amortization of Right-of-use assets 10
Share-based compensation 108
Loss (Gain) on extinguishment/issuance financial debts 250 (822)
Accruals for legal contingencies 2,041
Changes in fair value of Financial instruments 8 1
Changes in operating assets and liabilities:    
Deferred Revenues – Related Party (35) 143
Prepaid and other assets 53 430
Accounts receivables – Related Party (231) (129)
Accounts payables 816 (224)
Accrued expenses and other liabilities 204 89
Net cash used in operating activities from continuing operations (390) (1,641)
Net cash provided by (used in) operating activities from discontinued operations 746 (781)
Net cash provided by (used in) operating activities 356 (2,422)
Investing activities    
Purchase of equipment (1)
Net cash used in investing activities from continuing operations (1)
Net cash used in investing activities from discontinued operations (60)
Net cash used in investing activities (1) (60)
Financing activities    
Proceeds from issuance of financial liabilities 2,897 258
Payments of offering costs and underwriting discounts and commissions (250)
Repayment of financial liabilities (2,487) (268)
Proceeds from issuance of financial liabilities, due to related party 407 2,403
Repayment of financial liabilities, due to related party (317) (60)
Proceeds from sale of common shares, net 564
Net cash provided by financing activities from continuing operations 250 2,897
Net cash provided by (used in) financing activities from discontinued operations 34 (836)
Net cash provided by financing activities 284 2,061
Increase (decrease) in cash and cash equivalents, and restricted cash 639 (421)
Effect of exchange rate changes (957) 440
Net change in cash and cash equivalents, and restricted cash (318) 19
Cash and cash equivalents at beginning of period - continuing operations 84 82
Cash and cash equivalents at beginning of period - discontinued operations 313 61
Cash and cash equivalents at beginning of year 397 143
Cash and cash equivalents at end of the period 79 162
Supplemental disclosure of cash flow information    
Interest 35 120
Income taxes, net of refunds
Non-cash investing & financing activities from continuing operations    
Issuance of common shares – for conversion of financial liabilities 6
Issuance of common shares – for Conversion of Related-party Promissory Notes 611
Non-cash investing & financing activities from discontinued operations    
Lease agreements early termination 488
New Lease agreement $ 175