Quarterly report pursuant to Section 13 or 15(d)

SUPPLEMENTAL FINANCIAL STATEMENT INFORMATION (Tables)

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SUPPLEMENTAL FINANCIAL STATEMENT INFORMATION (Tables)
 9 Months Ended
Sep. 30, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
SCHEDULE OF OTHER CURRENT ASSETS

The following table summarizes the composition of other current assets as of the dates indicated:

 

(in thousands)   September 30, 2024     December 31, 2023  
    As of  
(in thousands)   September 30, 2024     December 31, 2023  
Other current assets:                
VAT refund receivable (Note 2)   $ 224     $ 78  
Prepaid expenses     109       1,207  
Indemnification receivable, net     7       7  
Customs bonds     1,122       1,229  
Other     817       798  
Other current assets   $ 2,279     $ 3,319  
SCHEDULE OF ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES

The following table summarizes the composition of accrued expenses and other current liabilities as of the dates indicated:

 

(in thousands)   September 30, 2024     December 31, 2023  
    As of  
(in thousands)   September 30, 2024     December 31, 2023  
Accrued expenses and other current liabilities:                
VAT payable (including amounts related to VAT matter described in Note 2)   $ 629     $ 313  
Contingent consideration     —       1,000  
Accrued employee compensation     1,122       861  
Accrued professional fees and other expenses     267       499  
Refund liability (including accounts receivable credit balances)     —       68  
Sales tax payable     507       315  
Accrued expenses and other current liabilities   $ 2,525     $ 3,056  
SCHEDULE OF CHANGES IN CUSTOMER DEPOSIT LIABILITY
(in thousands)   Customer Deposits  
Balance as of December 31, 2023   $ 2,775  
Increases due to deposits received, net of other adjustments     —  
Customer Overpayments     —  
Revenue recognized     (1,520 )
Balance as of September 30, 2024   $ 1,255  
SCHEDULE OF COMPONENTS OF ACCUMULATED COMPREHENSIVE INCOME LOSS

The components of accumulated other comprehensive income for the periods presented were as follows:

 

(in thousands)   Foreign Currency Translation     Unrealized Gain or (Loss) on Derivative Instrument     Total  
Balance at December 31, 2023   $       245     $       —     $ 245  
Other comprehensive income     3       —       3  
                         
Balance at September 30, 2024   $ 248     $ —     $ 248  

 

(in thousands)   Foreign Currency Translation     Unrealized Gain or (Loss) on Derivative Instrument     Total  
Balance at December 31, 2022   $               55     $        —     $ 55  
Other comprehensive income (loss)     183       —       183  
Less: Other comprehensive (income) loss attributable to non-controlling interest     —       —       —  
Balance at September 30, 2023   $ 238     $ —     $ 238