Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Cash Flows (Unaudited)

v3.22.2.2
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
 3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Cash flows from operating activities:        
Net loss $ (1,623) $ 13 $ (2,008) $ (2,067)
Adjustments to reconcile net loss to net cash flows used in operating activities:        
Depreciation and amortization 170 214 593 673
Amortization of operating lease assets     994 468
Asset impairment charges 1,288
Gain on extinguished/settled lease liabilities (67) (256) (385)
Gain on extinguished trade payable (161)
Share-based compensation     17 15
Change in fair value of investment 22 100 38 221
Change in fair value of convertible promissory note (35) (206)
Amortization of debt discount     245 134
Issuance of common stock for services     27
Change in fair value of derivative liabilities (119)
Change in operating assets and liabilities:        
Accounts and other receivables     4 255
Inventories     (23) 38
Prepaid expenses and other assets     (15) (4)
Accounts payable and accrued expenses     1,334 (2,283)
Deferred grant income     (1,545) (51)
Deferred rent     (42)
Derivative liability     (66)
Operating lease liabilities     (1,557) (861)
Contract liabilities     (685) (54)
Net cash flows used in operating activities     (3,231) (2,814)
Cash flows from investing activities:        
Cash and restricted acquired in connection with acquisition of PizzaRev     2,071
Purchase of property and equipment     (230) (32)
Proceeds from sale of investments     118
Net cash flows used in investing activities     (230) 2,157
Cash flows from financing activities:        
Proceeds from long-term debt and notes payable     2,147 2,000
Payments of long-term debt and notes payable     (292) (54)
Payment of financing cost     (8)
Distribution to non-controlling interest       (45)
Net cash flows provided by financing activities     1,847 1,901
Effect of exchange rate changes on cash     (13)
Net (decrease) increase in cash and restricted cash, including cash classified as current assets held for sale     (1,614) 1,231
Less: cash classified in current assets held for sale     (111)
Net increase in cash and restricted cash     (1,614) 1,121
Cash and restricted cash, beginning of period     2,318 1,929
Cash and restricted cash, end of period 704 3,050 704 3,050
Supplemental cash flow information:        
Interest     494 321
Income taxes     28
Non-cash operating, investing and financing activities:        
Conversion of Preferred Series 2 stock to common stock     401
Change in operating lease assets and liabilities due to amended leases     607
Issuance of warrants in connection with convertible promissory notes     263
Purchases of property and equipment included in accounts payable and accrued expenses     273
Issuance of convertible promissory note as part of PizzaRev acquisition     1,194
Initial value of ROU asset and liability recorded at inception     131
Details of end of period cash and restricted cash:        
Cash 704 1,101 704 1,101
Restricted cash 1,949 1,949
Total cash and restricted cash $ 704 $ 3,050 $ 704 $ 3,050