v3.25.2
CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 75 $ 381
Accounts receivable, net 67 962
Contract assets 617 623
Inventories 8
Prepaid expenses and Other current assets 755 719
Total current assets 1,514 2,693
Non-current assets:    
Intangibles, net 99 85
Property and equipment, net 4,545 4,638
Right-of-use assets 214 274
Other non-current assets 318 317
Total non-current assets 5,176 5,314
Total assets 6,690 8,007
Current liabilities:    
Trade and other payables 18,883 16,730
Due to related parties 387 305
Deferred income from grants, current 1,478 396
Contract liabilities 3,718 3,187
Loss contingency liabilities 5,126
Other current liabilities 3,101 2,210
Operating lease liabilities 151 89
Short-term loan payable, net of discount 1,452 559
Income tax payable 192 170
Total current liabilities 29,362 28,772
Non-current liabilities:    
Long-term operating lease liabilities 64 184
Defined benefit obligation 109 97
Deferred income from grants, non-current 654 248
Other long-term liabilities 5,923 1
Total non-current liabilities 6,750 530
Total liabilities 36,112 29,302
Stockholders’ equity/(deficit)    
Common stock ($0.0001 par value per share; Shares authorized: 500,000,000 at June 30, 2025 and December 31, 2024; Issued and outstanding: 2,670,286 and 2,636,508 at June 30, 2025 and December 31, 2024, respectively)
Preferred stock ($0.0001 par value per share; Shares authorized: 1,000,000 at June 30, 2025 and December 31, 2024; nil 0 issued and outstanding at June 30, 2025 and December 31, 2024)
Additional paid-in capital 199,565 199,015
Accumulated other comprehensive loss (1,763) (157)
Accumulated deficit (227,224) (220,153)
Total stockholders’ equity/(deficit) (29,422) (21,295)
Total liabilities and stockholders’ equity/(deficit) $ 6,690 $ 8,007