Quarterly report pursuant to Section 13 or 15(d)

SUPPLEMENTAL FINANCIAL STATEMENT INFORMATION (Tables)

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SUPPLEMENTAL FINANCIAL STATEMENT INFORMATION (Tables)
 6 Months Ended
Jun. 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)   June 30, 2024     December 31, 2023  
    As of  
(in thousands)   June 30, 2024     December 31, 2023  
Other current assets:                
VAT refund receivable (Note 2)   $ 217     $ 78  
Prepaid expenses     102       1,207  
Indemnification receivable, net     7       7  
Customs bonds     1,126       1,229  
Other     809       798  
 Other current assets   $ 2,261     $ 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)   June 30, 2024     December 31,2023  
    As of  
(in thousands)   June 30, 2024     December 31,2023  
Accrued expenses and other current liabilities:                
VAT payable (including amounts related to VAT matter described in Note 2)   $ 613     $ 313  
Contingent consideration     —       1,000  
Accrued employee compensation     970       861  
Accrued professional fees and other expenses     758       499  
Refund liability (including accounts receivable credit balances)     —       68  
Sales tax payable     509       315  
 Accrued expenses and other current liabilities   $ 2,850     $ 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     —  
Balance as of June 30, 2024   $ 2,775  
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     (1 )     —       (1 )
                         
Balance at June 30, 2024   $ 244     $ —     $ 244  

 

(in thousands)   Foreign Currency Translation     Unrealized Gain or (Loss) on Derivative Instrument     Total  
Balance at December 31, 2022   $ 55     $ —     $ 55  
Other comprehensive income (loss)     205       —       205  
Less: Other comprehensive (income) loss attributable to non-controlling interest     —       —       —  
Balance at June 30, 2023   $ 260     $ —     $ 260