v3.26.1
Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended 12 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
Dec. 31, 2024
Cash Flows from Operating Activities          
Net income/(loss) $ (9,749) $ (5,070) $ (4,694) $ (18,486)  
Income/(loss) from discontinued operations, net of tax     0 5,419  
Loss from continuing operations (9,749) (2,700) (4,694) (13,067)  
Adjustments to reconcile loss from continuing operations to net cash provided by/(used in) operations:          
Depreciation, amortization and accretion (0) 52 130 175  
Amortization of debt discount     1,972 1,767  
Stock compensation costs     2,160 0  
Credit loss expense     0 2  
Share-based compensation to third parties     443 268  
Gain on foreign currency exchange rates     258 (119)  
Fair value movement of FPA asset (0) (0) (0) 483  
Fair value movement of convertible debt     2,263 (603)  
Debt restructuring costs (0) (0) 753 (0)  
Fair value movement in warrant liability     (514) 295  
Loss on issuance of debt 19 (0) 19 948  
(Gain) / loss on debt settlement     (311) 0  
(Gain)/loss on debt extinguishment 3,404 0 3,404 (179)  
Loss on settlement of SAA 2,025 0 2,025 0  
Impairment of amounts due from related party     1,139 0  
Development costs (0) 741 (0) 748  
(Gain)/loss on disposal of assets     (15,513) 1,378  
Non-cash operating lease assets     0 23  
Changes in assets and liabilities, net of effects of acquisitions:          
Accounts receivable and other short-term receivables     0 2,000  
Prepaid expenses and other assets     114 (31)  
Accounts payable     766 4,595  
Accrued liabilities     2,237 (121)  
Operating lease liabilities     0 (23)  
Related party     0 231  
Net Cash provided by/(used in) Operating Activities     (2,321) (1,820)  
Net Cash provided by/(used in) Operating Activities - Discontinued Operations     0 (4,579)  
Cash Flows from Investing Activities:          
Purchases of property and equipment     0 (1,504)  
Capitalized Cost     0 (177)  
Construction in Process     0 (4,863)  
Net Cash provided by/(used in) Investing Activities     0 (6,544)  
Net Cash provided by/(used in) Investing Activities - Discontinued Operations     0 69,019  
Cash Flows from Financing Activities:          
Proceeds from debt     2,219 3,229  
Payments of debt principal     (21) (2,471)  
Repayments of shareholder loans     0 (120)  
Proceeds from issuance of share capital     0 26  
Net Cash provided by/(used in) Financing Activities     2,198 664  
Net Cash provided by/(used in) Financing Activities - Discontinued Operations     0 (80,422)  
Net increase/(decrease) in cash, cash equivalents and restricted cash     (123) (23,558)  
Cash, cash equivalents, and restricted cash beginning of the year     161 24,563 $ 24,563
Cash, cash equivalents, and restricted cash end of the period $ 39 $ 1,005 39 1,005 $ 161
Effect of exchange rate on cash     $ 1 $ 124