v3.26.1
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Operating activities    
Net loss $ (12,623) $ (4,755)
Adjustments to reconcile net loss to net cash used in operating activities    
Depreciation 20 24
Amortization of intangible assets 1,408 1,366
Amortization of right of use asset 189 193
Original issue discount on convertible debt 310 281
Allowance for expected credit losses 2
Deferred income taxes (651)
Stock-based compensation expense 811 1,378
(Loss) Gain on foreign currency transactions 122 (299)
Loss on debt extinguishment 48
Change in fair value of derivative liability and warrants 4,827 (3,076)
Loss on contract to issue common stock 20
Earn-out compensation expense 21
Change in operating assets and liabilities:    
Accounts receivable and other receivables 456 869
Prepaid expenses and other current assets 148 (39)
Other assets 17 (19)
Accounts payable 30 414
Accrued liabilities 724 (38)
Operating lease liabilities (189) (203)
Other current liabilities 23
Deferred revenue (100) (155)
Net cash used in operating activities (4,455) (3,991)
Purchases of property and equipment and internally developed software (56) (16)
Cash paid for acquisition of Engine Room, net of cash acquired (3,217)
Net cash used in investing activities (3,273) (16)
Financing activities    
Proceeds from issuance of convertible debt, net of issuance costs 5,990 3,990
Payments for taxes related to vested restricted stock units (146)
Proceeds from at-the-market offering, net of issuance cost 2,464
Net cash provided by financing activities 8,308 3,990
Effect of exchange rate changes on cash and cash equivalents (6) (9)
Net increase/(decrease) in cash and cash equivalents 574 (26)
Cash and cash equivalents, beginning of period 11,101 4,880
Cash and cash equivalents, end of period 11,675 4,854
Supplemental disclosures of cash flow information    
Cash paid for taxes 2
Cash paid for interest
Supplemental schedule of noncash investing and financing activities    
Financing of Director and Officer Insurance 240 240
Purchase consideration included in other current liabilities 24
Taxes related to vested restricted stock units 539
Common shares issued for debt conversion 13,576 2,331
Common shares issued as commitment shares 89
Right of use asset obtained in exchange for lease liability $ 394 $ 144