Document And Entity Information
Document And Entity Information | 6 Months Ended |
Jun. 30, 2023 | |
Document Information Line Items | |
Entity Registrant Name | INPIXON |
Document Type | S-4/A |
Amendment Flag | true |
Amendment Description | AMENDMENT NO. 1 |
Entity Central Index Key | 0001529113 |
Entity Filer Category | Non-accelerated Filer |
Entity Small Business | true |
Entity Emerging Growth Company | false |
Entity Incorporation, State or Country Code | NV |
Condensed Consolidated Balance
Condensed Consolidated Balance Sheets - USD ($) $ in Thousands | Jun. 30, 2023 | Dec. 31, 2022 | Dec. 31, 2021 |
Current Assets | |||
Cash and cash equivalents | $ 15,681 | $ 10,235 | $ 42,480 |
Accounts receivable, net of allowances | 1,803 | 1,889 | 1,454 |
Notes and other receivables | 785 | 86 | 215 |
Inventory | 3,228 | 2,442 | 1,965 |
Short-term investments | 43,125 | ||
Note receivable | 150 | ||
Prepaid expenses and other current assets | 2,181 | 2,803 | 3,953 |
Current assets of discontinued operations | 12,261 | 12,770 | |
Total Current Assets | 23,678 | 29,866 | 105,962 |
Property and equipment, net | 1,009 | 1,064 | 1,211 |
Operating lease right-of-use asset, net | 434 | 531 | 1,013 |
Software development costs, net | 1,113 | 1,265 | 1,144 |
Investments in equity securities | 1,414 | 330 | 1,838 |
Long-term investments | 50 | 716 | 2,500 |
Intangible assets, net | 2,573 | 2,994 | 10,010 |
Goodwill, net | 2,127 | ||
Other assets | 174 | 158 | 177 |
Non-current assets of discontinued operations | 20,711 | 30,691 | |
Total Assets | 30,445 | 57,635 | 156,673 |
Current Liabilities | |||
Accounts payable | 1,665 | 1,503 | 1,753 |
Accrued liabilities | 5,374 | 2,619 | 2,783 |
Operating lease obligation, current | 200 | 211 | 430 |
Deferred revenue | 1,124 | 1,323 | 1,660 |
Short-term debt | 13,800 | 13,643 | 3,490 |
Acquisition liability | 197 | 5,114 | |
Warrant liability | 1,500 | ||
Current liabilities of discontinued operations | 5,218 | 11,901 | |
Total Current Liabilities | 23,663 | 24,714 | 27,131 |
Long Term Liabilities | |||
Operating lease obligation, noncurrent | 245 | 334 | 577 |
Acquisition liability, noncurrent | 220 | ||
Non-current liabilities of discontinued operations | 472 | 559 | |
Total Liabilities | 23,908 | 25,520 | 28,487 |
Stockholders’ Equity | |||
Preferred Stock –$0.001 par value; 5,000,000 shares authorized | |||
Common stock value | 43 | 4 | 2 |
Additional paid-in capital | 346,799 | 346,668 | 332,761 |
Treasury stock, at cost, 1 share | (695) | (695) | (695) |
Accumulated other comprehensive (loss) income | (189) | 1,061 | 44 |
Accumulated deficit | (337,555) | (313,739) | (250,309) |
Stockholders’ Equity Attributable to Inpixon | 8,403 | 33,299 | 81,803 |
Non-controlling Interest | (1,866) | (1,184) | 1,688 |
Total Stockholders’ Equity | 6,537 | 32,115 | 83,491 |
Total Liabilities and Stockholders’ Equity | 30,445 | 57,635 | 156,673 |
Series7 Convertible Preferred Stock | |||
Mezzanine Equity | |||
Convertible preferred stock | 44,695 | ||
Series8 Convertible Preferred Stock | |||
Mezzanine Equity | |||
Convertible preferred stock | |||
Series 4 Convertible Preferred Stock | |||
Stockholders’ Equity | |||
Preferred stock | |||
Series 5 Convertible Preferred Stock | |||
Stockholders’ Equity | |||
Preferred stock |
Condensed Consolidated Balanc_2
Condensed Consolidated Balance Sheets (Parentheticals) - USD ($) $ in Thousands | Jun. 30, 2023 | Dec. 31, 2022 | Dec. 31, 2021 |
Accounts receivable, net of allowances (in Dollars) | $ 237 | $ 272 | |
Preferred stock par value (in Dollars per share) | $ 0.001 | $ 0.001 | $ 0.001 |
Preferred stock, shares authorized (in Dollars) | $ 5,000,000 | $ 5,000,000 | $ 5,000,000 |
Common stock, par value (in Dollars per share) | $ 0.001 | $ 0.001 | $ 0.001 |
Common stock, shares authorized | 500,000,000 | 500,000,000 | 500,000,000 |
Common stock, shares issued | 43,154,195 | 3,570,894 | 1,730,141 |
Common stock, shares outstanding | 43,154,194 | 3,570,893 | 1,730,140 |
Treasury stock | 1 | 1 | 1 |
Series7 Convertible Preferred Stock | |||
Mezzanine equity, convertible preferred stock, shares authorized | 58,750 | 58,750 | |
Mezzanine equity, convertible preferred stock, shares issued | 0 | 49,250 | |
Mezzanine equity, convertible preferred stock, shares outstanding | 0 | 49,250 | |
Series8 Convertible Preferred Stock | |||
Mezzanine equity, convertible preferred stock, shares authorized | 53,197.7234 | 53,197.7234 | |
Mezzanine equity, convertible preferred stock, shares issued | 0 | 0 | |
Mezzanine equity, convertible preferred stock, shares outstanding | 0 | 0 | |
Series 4 Convertible Preferred Stock | |||
Preferred stock, shares authorized | 10,415 | 10,415 | 10,415 |
Preferred stock, shares issued | 1 | 1 | 1 |
Preferred stock, shares outstanding | 1 | 1 | 1 |
Series 5 Convertible Preferred Stock | |||
Preferred stock, shares authorized | 12,000 | 12,000 | 12,000 |
Preferred stock, shares issued | 126 | 126 | 126 |
Preferred stock, shares outstanding | 126 | 126 | 126 |
Previously Reported | |||
Accounts receivable, net of allowances (in Dollars) | $ 231 | $ 272 |
Condensed Consolidated Statemen
Condensed Consolidated Statements of Operations - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | 12 Months Ended | |||
Jun. 30, 2023 | Jun. 30, 2022 | Jun. 30, 2023 | Jun. 30, 2022 | Dec. 31, 2022 | Dec. 31, 2021 | |
Revenues | $ 2,057 | $ 2,576 | $ 5,161 | $ 5,225 | ||
Cost of Revenues | 390 | 856 | 1,180 | 1,653 | ||
Gross Profit | 1,667 | 1,720 | 3,981 | 3,572 | ||
Operating Expenses | ||||||
Research and development | 2,051 | 2,482 | 4,033 | 4,576 | ||
Sales and marketing | 1,241 | 754 | 2,357 | 1,924 | ||
General and administrative | 4,236 | 5,294 | 9,850 | 12,658 | ||
Acquisition-related costs | 523 | 137 | 687 | 252 | ||
Transaction costs | 43 | 1,443 | ||||
Impairment of goodwill | 2,030 | 2,030 | ||||
Amortization of intangibles | 230 | 396 | 450 | 743 | ||
Total Operating Expenses | 8,324 | 11,093 | 18,820 | 22,183 | ||
Loss from Operations | (6,657) | (9,373) | (14,839) | (18,611) | ||
Other Income (Expense) | ||||||
Interest (expense)/income, net | (1,756) | 168 | (3,481) | 169 | ||
Loss on exchange of debt for equity | $ (30) | |||||
Benefit for valuation allowance on related party loan – held for sale | 7,345 | |||||
Other income/(expense), net | 1,183 | 15 | 1,212 | (28) | ||
Gain on related party loan – held for sale | 49,817 | |||||
Unrealized gain/(loss) on equity securities | (92) | 247 | (58) | (1,256) | ||
Total Other (Expense) Income | (665) | 430 | (2,327) | (1,115) | ||
Net Loss from Continuing Operations, before tax | (7,322) | (8,943) | (17,166) | (19,726) | ||
Income tax benefit/(expense) | (7) | (22) | (2,485) | (22) | ||
Net Loss from Continuing Operations | (7,329) | (8,965) | (19,651) | (19,748) | ||
Loss from Discontinued Operations, Net of Tax | (11,365) | (4,856) | (12,139) | |||
Net Loss | (7,329) | (20,330) | (24,507) | (31,887) | (66,304) | (70,130) |
Net Loss Attributable to Non-controlling Interest | (363) | (458) | (667) | (804) | ||
Net Loss Attributable to Stockholders of Inpixon | (6,966) | (19,872) | (23,840) | (31,083) | ||
Net Loss Attributable to Common Stockholders | $ (6,966) | $ (24,857) | $ (23,840) | $ (42,219) | ||
Net Loss Per Share – Basic and Diluted | ||||||
Continuing Operations Basic (in Dollars per share) | $ (0.19) | $ (6.99) | $ (0.92) | $ (14.9) | ||
Discontinued Operations Basic (in Dollars per share) | (5.88) | (0.24) | (6.01) | |||
Net Loss Per Share – Basic (in Dollars per share) | $ (0.19) | $ (12.87) | $ (1.16) | $ (20.91) | ||
Weighted Average Shares Outstanding | ||||||
Weighted Average Shares Outstanding Basic (in Shares) | 37,442,387 | 1,931,535 | 20,600,208 | 2,018,295 | ||
Series 7 Preferred Stock | ||||||
Other Income (Expense) | ||||||
Accretion of Series | $ (4,555) | |||||
Series 8 Preferred Stock | ||||||
Other Income (Expense) | ||||||
Accretion of Series | (6,237) | (6,785) | ||||
Deemed dividend for the modification related to Series 8 Preferred Stock | (2,627) | |||||
Deemed contribution for the modification related to Warrants issued in connection with Series 8 Preferred Stock | 1,469 | |||||
Amortization premium-modification related to Series 8 Preferred Stock | $ 1,252 | $ 1,362 | ||||
Previously Reported | ||||||
Revenues | 10,948 | 9,627 | ||||
Cost of Revenues | 3,425 | 2,728 | ||||
Gross Profit | 7,523 | 6,899 | ||||
Operating Expenses | ||||||
Research and development | 8,338 | 7,417 | ||||
Sales and marketing | 3,876 | 3,498 | ||||
General and administrative | 15,520 | 20,871 | ||||
Acquisition-related costs | 410 | 620 | ||||
Impairment of goodwill and intangibles | 6,659 | 2,893 | ||||
Amortization of intangibles | 1,526 | 1,421 | ||||
Total Operating Expenses | 36,329 | 36,720 | ||||
Loss from Operations | (28,806) | (29,821) | ||||
Other Income (Expense) | ||||||
Interest (expense)/income, net | (677) | 1,182 | ||||
Loss on exchange of debt for equity | (30) | |||||
Benefit for valuation allowance on related party loan – held for sale | 7,345 | |||||
Other income/(expense), net | 693 | (47) | ||||
Gain on related party loan – held for sale | 49,817 | |||||
Unrealized gain/(loss) on equity securities | (7,904) | (57,067) | ||||
Unrealized loss on equity method investment | (1,784) | |||||
Total Other (Expense) Income | (9,672) | 1,200 | ||||
Net Loss from Continuing Operations, before tax | (38,478) | (28,621) | ||||
Income tax benefit/(expense) | 249 | (3,789) | ||||
Net Loss from Continuing Operations | (38,229) | (32,410) | ||||
Loss from Discontinued Operations, Net of Tax | (28,075) | (37,720) | ||||
Net Loss | (66,304) | (70,130) | ||||
Net Loss Attributable to Non-controlling Interest | (2,910) | (975) | ||||
Net Loss Attributable to Stockholders of Inpixon | (63,394) | (69,155) | ||||
Net Loss Attributable to Common Stockholders | $ (79,570) | $ (77,316) | ||||
Net Loss Per Share – Basic and Diluted | ||||||
Continuing Operations Basic (in Dollars per share) | $ (22.08) | $ (26.21) | ||||
Discontinued Operations Basic (in Dollars per share) | (12.04) | (24.97) | ||||
Net Loss Per Share – Basic (in Dollars per share) | $ (34.12) | $ (51.18) | ||||
Weighted Average Shares Outstanding | ||||||
Weighted Average Shares Outstanding Basic (in Shares) | 2,332,041 | 1,510,678 | ||||
Previously Reported | Series 7 Preferred Stock | ||||||
Other Income (Expense) | ||||||
Accretion of Series | $ (4,555) | $ (8,161) | ||||
Previously Reported | Series 8 Preferred Stock | ||||||
Other Income (Expense) | ||||||
Accretion of Series | (13,090) | |||||
Deemed dividend for the modification related to Series 8 Preferred Stock | (2,627) | |||||
Deemed contribution for the modification related to Warrants issued in connection with Series 8 Preferred Stock | 1,469 | |||||
Amortization premium-modification related to Series 8 Preferred Stock | $ 2,627 |
Condensed Consolidated Statem_2
Condensed Consolidated Statements of Operations (Parentheticals) - $ / shares | 3 Months Ended | 6 Months Ended | 12 Months Ended | |||
Jun. 30, 2023 | Jun. 30, 2022 | Jun. 30, 2023 | Jun. 30, 2022 | Dec. 31, 2022 | Dec. 31, 2021 | |
Continuing Operations Diluted | $ (0.19) | $ (6.99) | $ (0.92) | $ (14.90) | ||
Discontinued Operations Diluted | (5.88) | (0.24) | (6.01) | |||
Net Loss Per Share – Diluted | $ (0.19) | $ (12.87) | $ (1.16) | $ (20.91) | ||
Weighted Average Shares Outstanding Diluted (in Shares) | 37,442,387 | 1,931,535 | 20,600,208 | 2,018,295 | ||
Previously Reported | ||||||
Continuing Operations Diluted | $ (22.08) | $ (26.21) | ||||
Discontinued Operations Diluted | (12.04) | (24.97) | ||||
Net Loss Per Share – Diluted | $ (34.12) | $ (51.18) | ||||
Weighted Average Shares Outstanding Diluted (in Shares) | 2,332,041 | 1,510,678 |
Condensed Consolidated Statem_3
Condensed Consolidated Statements of Comprehensive Loss - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | 12 Months Ended | |||
Jun. 30, 2023 | Jun. 30, 2022 | Jun. 30, 2023 | Jun. 30, 2022 | Dec. 31, 2022 | Dec. 31, 2021 | |
Statement of Comprehensive Income [Abstract] | ||||||
Net Loss | $ (7,329) | $ (20,330) | $ (24,507) | $ (31,887) | $ (66,304) | $ (70,130) |
Unrealized gain on available for sale debt securities | 375 | 375 | ||||
Unrealized foreign exchange gain (loss) from cumulative translation adjustments | 9 | 281 | (1,250) | 180 | 1,017 | (617) |
Comprehensive Loss | $ (7,320) | $ (19,674) | $ (25,757) | $ (31,332) | $ (65,287) | $ (70,747) |
Condensed Consolidated Statem_4
Condensed Consolidated Statement Of Changes In Mezzanine Equity And Stockholders’ Equity (Unaudited) - USD ($) $ in Thousands | Registered Direct Offering Series 7 Preferred Stock | Registered Direct Offering Series 8 Preferred Stock | Registered Direct Offering Series 4 Convertible Preferred Stock | Registered Direct Offering Series 5 Convertible Preferred Stock | Registered Direct Offering Common Stock | Registered Direct Offering Additional Paid-In Capital | Registered Direct Offering Treasury Stock | Registered Direct Offering Accumulated Other Comprehensive Income (Loss) | Registered Direct Offering Accumulated Deficit | Registered Direct Offering Non- Controlling Interest | Registered Direct Offering | Game Your Game Series 7 Preferred Stock | Game Your Game Series 4 Convertible Preferred Stock | Game Your Game Series 5 Convertible Preferred Stock | Game Your Game Common Stock | Game Your Game Additional Paid-In Capital | Game Your Game Treasury Stock | Game Your Game Accumulated Other Comprehensive Income (Loss) | Game Your Game Accumulated Deficit | Game Your Game Non- Controlling Interest | Game Your Game | Visualix Series 7 Preferred Stock | Visualix Series 4 Convertible Preferred Stock | Visualix Series 5 Convertible Preferred Stock | Visualix Common Stock | Visualix Additional Paid-In Capital | Visualix Treasury Stock | Visualix Accumulated Other Comprehensive Income (Loss) | Visualix Accumulated Deficit | Visualix Non- Controlling Interest | Visualix | Series 7 Preferred Stock | Series 8 Preferred Stock | Series 4 Convertible Preferred Stock | Series 8 Preferred Stock | Series 8 Common Stock | Series 8 Additional Paid-In Capital | Series 8 Treasury Stock | Series 8 Accumulated Other Comprehensive Income (Loss) | Series 8 Accumulated Deficit | Series 8 Non- Controlling Interest | Series 7 Preferred Stock | Series 7 Common Stock | Series 7 Additional Paid-In Capital | Series 7 Treasury Stock | Series 7 Accumulated Other Comprehensive Income (Loss) | Series 7 Accumulated Deficit | Series 7 Non- Controlling Interest | Series 5 Convertible Preferred Stock | Series 7 Preferred Stock | Series 7 Common Stock | Series 7 Additional Paid-In Capital | Series 7 Treasury Stock | Series 7 Accumulated Other Comprehensive Income (Loss) | Series 7 Accumulated Deficit | Series 7 Non- Controlling Interest | Preferred Stock | Common Stock Public Offering | Common Stock | Additional Paid-In Capital Public Offering | Additional Paid-In Capital | Treasury Stock Public Offering | Treasury Stock | Accumulated Other Comprehensive Income (Loss) Public Offering | Accumulated Other Comprehensive Income (Loss) | Accumulated Deficit Public Offering | Accumulated Deficit | Non- Controlling Interest Public Offering | Non- Controlling Interest | Public Offering | Total | |
Balance beginning at Dec. 31, 2020 | $ 1 | $ 225,665 | $ (695) | $ 660 | $ (180,992) | $ 41 | $ 44,680 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Balance beginning (in Shares) at Dec. 31, 2020 | 1 | 126 | 779,964 | (1) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Stock options and restricted stock awards granted to employees and consultants for services | 10,880 | 10,880 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Common shares issued for extinguishment of debt | 2,500 | 2,500 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Common shares issued for extinguishment of debt (in Shares) | 23,615 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Common shares issued for cashless stock options exercised | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Common shares issued for cashless stock options exercised (in Shares) | 73 | 277,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Common shares issued for net proceeds from warrants exercised | 3,779 | $ 3,779 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Common shares issued for net proceeds from warrants exercised (in Shares) | 420,071 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Preferred Stock issued for cash | $ 46,034 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Preferred Stock issued for cash (in Shares) | 58,750 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Series 7 Preferred Stock converted to common stock | $ (9,500) | $ 9,500 | $ 9,500 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Series 7 Preferred Stock converted to common stock (in Shares) | (9,500) | 101,334 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Accrete Discount – Series 7 Preferred Shares | $ 8,161 | $ (8,161) | (8,161) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Restricted stock grants forfeited | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Restricted stock grants forfeited (in Shares) | (6,538) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Common shares issued for CXApp earnout | $ 1,403 | $ 2,472 | $ 3,875 | $ 429 | $ 429 | $ 1 | 9,999 | 10,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Common shares issued for CXApp earnout (in Shares) | 15,722 | 4,928 | 117,995 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Common shares issued for restricted stock grants | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Common shares issued for restricted stock grants (in Shares) | 62,308 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Taxes paid on stock based compensation | (1,858) | (1,858) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Preferred shares issued in public offering | 4,551 | 4,551 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Common shares issued for registered direct offering | $ 74,074 | $ 74,074 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Common shares issued for registered direct offering (in Shares) | 210,668 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Cumulative translation adjustment | (616) | (162) | 150 | (628) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net income (loss) | (69,155) | (975) | (70,130) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Balance at ending at Dec. 31, 2021 | $ 44,695 | $ 2 | 332,761 | $ (695) | 44 | (250,309) | 1,688 | 83,491 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Balance at ending (in Shares) at Dec. 31, 2021 | 49,250 | 1 | 126 | 1,730,140 | (1) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Stock options and restricted stock awards granted to employees and consultants for services | 1,533 | 1,533 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Common shares issued for extinguishment of debt | 1,500 | $ 1,500 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Common shares issued for extinguishment of debt (in Shares) | 57,472 | 57,472 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Preferred Stock issued for cash | $ 41,577 | $ 5,329 | $ 5,329 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Preferred Stock issued for cash (in Shares) | 53,197.72 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Accrete Discount – Series 7 Preferred Shares | 4,555 | $ (4,555) | $ (4,555) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Accrete Discount – Series 8 Preferred Shares | 548 | (548) | (548) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Deemed dividend for the modification related to Series 8 Preferred Stock | 2,627 | (2,627) | $ (2,627) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Deemed contribution for the modification related to warrants issued in connection with Series 8 Preferred Stock | (1,469) | 1,469 | 1,469 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Amortization premium – modification related to Series 8 Preferred Stock | (110) | 110 | 110 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Preferred redeemed for cash | $ (49,250) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Preferred redeemed for cash (in Shares) | (49,250) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Restricted stock grants withheld for taxes | (336) | (336) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Restricted stock grants withheld for taxes (in Shares) | (12,802) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Common shares issued for CXApp earnout | 3,697 | 3,697 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Common shares issued for CXApp earnout (in Shares) | 144,986 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Common shares issued for exchange of warrants | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Common shares issued for exchange of warrants (in Shares) | 184,153 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Cumulative translation adjustment | (102) | (15) | 15 | (102) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net income (loss) | (11,211) | (346) | (11,557) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Balance at ending at Mar. 31, 2022 | $ 43,173 | $ 2 | 338,333 | $ (695) | (58) | (261,535) | 1,357 | 77,404 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Balance at ending (in Shares) at Mar. 31, 2022 | 53,197.72 | 1 | 126 | 2,103,949 | (1) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Balance beginning at Dec. 31, 2021 | $ 44,695 | $ 2 | 332,761 | $ (695) | 44 | (250,309) | 1,688 | 83,491 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Balance beginning (in Shares) at Dec. 31, 2021 | 49,250 | 1 | 126 | 1,730,140 | (1) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net income (loss) | (31,887) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Balance at ending at Jun. 30, 2022 | $ 48,158 | $ 2 | 334,589 | $ (695) | 598 | (281,463) | 956 | 53,987 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Balance at ending (in Shares) at Jun. 30, 2022 | 53,197.7234 | 1 | 126 | 2,139,011 | (1) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Balance beginning at Dec. 31, 2021 | $ 44,695 | $ 2 | 332,761 | $ (695) | 44 | (250,309) | 1,688 | 83,491 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Balance beginning (in Shares) at Dec. 31, 2021 | 49,250 | 1 | 126 | 1,730,140 | (1) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Stock options and restricted stock awards granted to employees and consultants for services | 3,656 | 3,656 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Common shares issued for extinguishment of debt | 3,650 | $ 3,650 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Common shares issued for extinguishment of debt (in Shares) | 287,802 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Common shares issued for cashless stock options exercised (in Shares) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Preferred Stock issued for cash | $ 41,577 | 5,329 | 5,329 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Preferred Stock issued for cash (in Shares) | 53,198 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Accrete Discount – Series 7 Preferred Shares | 4,555 | $ (4,555) | $ (4,555) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Accrete Discount – Series 8 Preferred Shares | 13,090 | (13,090) | $ (13,090) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Deemed dividend for the modification related to Series 8 Preferred Stock | 2,627 | (2,627) | $ (2,627) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Deemed contribution for the modification related to warrants issued in connection with Series 8 Preferred Stock | (1,469) | 1,469 | 1,469 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Amortization premium – modification related to Series 8 Preferred Stock | (2,627) | 2,627 | 2,627 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Preferred redeemed for cash | $ (49,250) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Preferred redeemed for cash (in Shares) | (49,250) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Preferred Stock redeemed for cash | $ (53,198) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Preferred Stock redeemed for cash (in Shares) | (53,198) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Restricted stock grants withheld for taxes | (336) | (336) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Restricted stock grants withheld for taxes (in Shares) | (12,802) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Common shares issued for CXApp earnout | 3,697 | 3,697 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Common shares issued for CXApp earnout (in Shares) | 144,986 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Common shares issued for exchange of warrants | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Common shares issued for exchange of warrants (in Shares) | 184,153 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Common shares issued for net proceeds from warrants | $ 1 | 1 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Common shares issued for net proceeds from warrants (in Shares) | 930,990 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Common shares issued for share rights | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Common shares issued for share rights (in Shares) | 52,513 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Common shares issued for registered direct offering | $ 1 | $ 14,087 | $ 14,088 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Common shares issued for registered direct offering (in Shares) | 253,112 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Cumulative translation adjustment | 1,017 | (36) | 38 | 1,019 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net income (loss) | (63,394) | (2,910) | (66,304) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Balance at ending at Dec. 31, 2022 | $ 4 | 346,668 | $ (695) | 1,061 | (313,739) | (1,184) | 32,115 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Balance at ending (in Shares) at Dec. 31, 2022 | 1 | 126 | 3,570,894 | (1) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Balance beginning at Mar. 31, 2022 | $ 43,173 | $ 2 | 338,333 | $ (695) | (58) | (261,535) | 1,357 | 77,404 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Balance beginning (in Shares) at Mar. 31, 2022 | 53,197.72 | 1 | 126 | 2,103,949 | (1) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Stock options and restricted stock awards granted to employees and consultants for services | 741 | $ 741 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Common shares issued for extinguishment of debt (in Shares) | 35,062 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Common shares issued for cashless stock options exercised | 500 | $ 500 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Common shares issued for cashless stock options exercised (in Shares) | 35,062 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Preferred Stock issued for cash | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Accrete Discount – Series 8 Preferred Shares | 6,236 | (6,236) | (6,236) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Deemed contribution for the modification related to warrants issued in connection with Series 8 Preferred Stock | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Amortization premium – modification related to Series 8 Preferred Stock | (1,251) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Restricted stock grants withheld for taxes | 1,251 | 1,251 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Cumulative translation adjustment | 656 | (56) | 57 | 657 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net income (loss) | (19,872) | (458) | (20,330) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Balance at ending at Jun. 30, 2022 | $ 48,158 | $ 2 | 334,589 | $ (695) | 598 | (281,463) | 956 | 53,987 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Balance at ending (in Shares) at Jun. 30, 2022 | 53,197.7234 | 1 | 126 | 2,139,011 | (1) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Balance beginning at Dec. 31, 2022 | $ 4 | 346,668 | $ (695) | 1,061 | (313,739) | (1,184) | 32,115 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Balance beginning (in Shares) at Dec. 31, 2022 | 1 | 126 | 3,570,894 | (1) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Stock options and restricted stock awards granted to employees and consultants for services | 329 | 329 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Deconsolidation of CXApp business as result of spin off | [1] | (24,230) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Common shares issued for extinguishment of debt | $ 1 | 1,425 | $ 1,426 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Common shares issued for extinguishment of debt (in Shares) | 1,547,234 | 1,547,234 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Common shares issued for net cash proceeds of a public offering | $ 10 | $ 14,956 | $ 14,966 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Common shares issued for net cash proceeds of a public offering (in Shares) | 9,655,207 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Common shares issued for net proceeds from warrants exercised | $ 1 | $ 1 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Common shares issued for net proceeds from warrants exercised (in Shares) | 1,380,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Common shares issued for exchange of warrants | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Common shares issued for exchange of warrants (in Shares) | 324,918 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Cumulative translation adjustment | (1,259) | 26 | (17) | (1,250) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net income (loss) | (16,873) | (305) | (17,178) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Balance at ending at Mar. 31, 2023 | $ 16 | 339,148 | $ (695) | (198) | (330,586) | (1,506) | 6,179 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Balance at ending (in Shares) at Mar. 31, 2023 | 1 | 126 | 16,478,253 | (1) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Balance beginning at Dec. 31, 2022 | $ 4 | 346,668 | $ (695) | 1,061 | (313,739) | (1,184) | $ 32,115 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Balance beginning (in Shares) at Dec. 31, 2022 | 1 | 126 | 3,570,894 | (1) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Common shares issued for cashless stock options exercised (in Shares) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net income (loss) | $ (24,507) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Balance at ending at Jun. 30, 2023 | $ 43 | 346,799 | $ (695) | (189) | (337,555) | (1,866) | 6,537 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Balance at ending (in Shares) at Jun. 30, 2023 | 1 | 126 | 43,154,195 | (1) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Balance beginning at Mar. 31, 2023 | $ 16 | 339,148 | $ (695) | (198) | (330,586) | (1,506) | 6,179 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Balance beginning (in Shares) at Mar. 31, 2023 | 1 | 126 | 16,478,253 | (1) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Stock options and restricted stock awards granted to employees and consultants for services | 241 | 241 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Common shares issued for extinguishment of debt | $ 7 | 2,013 | 2,020 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Common shares issued for extinguishment of debt (in Shares) | 7,349,420 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Common shares issued for net cash proceeds of a public offering | $ 20 | 5,397 | 5,417 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Common shares issued for net cash proceeds of a public offering (in Shares) | 19,326,522 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Cumulative translation adjustment | 9 | (3) | 3 | 9 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net income (loss) | (6,966) | (363) | (7,329) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Balance at ending at Jun. 30, 2023 | $ 43 | $ 346,799 | $ (695) | $ (189) | $ (337,555) | $ (1,866) | $ 6,537 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Balance at ending (in Shares) at Jun. 30, 2023 | 1 | 126 | 43,154,195 | (1) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
[1] The accompanying notes are an integral part of these Condensed Consolidated Financial Statements |
Condensed Consolidated Statem_5
Condensed Consolidated Statement Of Changes In Mezzanine Equity And Stockholders’ Equity (Unaudited) (Parentheticals) | 12 Months Ended |
Dec. 31, 2021 | |
Statement of Stockholders' Equity [Abstract] | |
Percentage of common shares issued | 55.40% |
Condensed Consolidated Statem_6
Condensed Consolidated Statements of Cash Flows - USD ($) $ in Thousands | 6 Months Ended | 12 Months Ended | ||
Jun. 30, 2023 | Jun. 30, 2022 | Dec. 31, 2022 | Dec. 31, 2021 | |
Cash Flows Used in Operating Activities | ||||
Net loss | $ (24,507) | $ (31,887) | $ (66,304) | $ (70,130) |
Adjustment to reconcile net loss to net cash used in operating activities: | ||||
Depreciation and amortization | 624 | 650 | 1,374 | 1,344 |
Amortization of intangible assets | 1,255 | 3,026 | 6,082 | 5,107 |
Amortization of right of use asset | 158 | 353 | 706 | 677 |
Stock based compensation | 570 | 2,274 | ||
Amortization of warrant liability to redemption value | 20 | |||
Stock options and restricted stock awards granted to employees and consultants for services | 3,656 | 10,879 | ||
Earnout expense valuation benefit | (2,827) | (2,827) | 6,524 | |
Gain on settlement with FOXO | (1,142) | |||
Loss on exchange of debt for equity | 30 | |||
Amortization of debt issuance costs | 1,686 | (92) | 489 | 224 |
Accrued interest income, related party | (278) | (1,627) | ||
Provision for doubtful accounts | (32) | 121 | ||
Unrealized gain/loss on note | 344 | 1,707 | (92) | |
Unrealized loss on foreign currency transactions | (178) | |||
Distribution of equity method investment shares to employees as compensation | 666 | |||
Provision for inventory obsolescense | 10 | 300 | ||
Recovery for valuation allowance for held for sale loan | (7,345) | |||
Gain on settlement of related party promissory note | (49,817) | |||
Deferred income tax | 2,591 | (1) | (1) | (2,593) |
Unrealized loss on equity securities | 58 | 1,256 | 7,904 | 57,067 |
Impairment of goodwill | 7,570 | 12,199 | 14,789 | |
Gain on fair value of warrant liability | 71 | |||
Loss on disposal of property and equipment | 1 | 24 | ||
Realized loss on sale of equity securities | 151 | |||
Unrealized loss on equity method investment | 1,784 | |||
Gain on conversion of note receivable | (791) | |||
Other | 22 | 181 | 211 | 235 |
Changes in operating assets and liabilities: | ||||
Accounts receivable and other receivables | (1,016) | 361 | (115) | (313) |
Inventory | (779) | 285 | (565) | (112) |
Prepaid expenses and other current assets | 890 | 1,357 | 1,375 | (4,006) |
Other assets | (4) | 25 | 33 | 199 |
Accounts payable | (634) | (1,498) | 182 | 391 |
Accrued liabilities | 3,796 | 542 | 858 | 490 |
Income tax liabilities | (119) | (40) | 119 | 16 |
Deferred revenue | 325 | (1,096) | (1,214) | 817 |
Operating lease obligation | (158) | (327) | (677) | (658) |
Other liabilities | 328 | |||
Net Cash Used in Operating Activities | (15,805) | (19,544) | (33,963) | (37,131) |
Cash Flows Used in Investing Activities | ||||
Purchase of property and equipment | (45) | (140) | (245) | (346) |
Investment in capitalized software | (135) | (306) | (948) | (1,019) |
Purchases of short term investments | (2,000) | |||
Sale of short term investments | 2,000 | |||
Purchases of treasury bills | (63,362) | |||
Sales of treasury bills | 43,001 | 43,001 | 28,000 | |
Proceeds from repayment of note receivable | 150 | |||
Sales of equity securities | 229 | |||
Purchase of convertible note | (5,500) | (5,500) | ||
Issuance of note receivable | (450) | (150) | ||
Investment in Systat licensing agreement | (900) | |||
Purchase of intangible assets | (4) | |||
Acquisition of Intranav | (1,023) | |||
Acquisition of Game Your Game | 184 | |||
Acquisition of CXApp | (14,977) | |||
Acquisition of Visualix | (61) | |||
Net Cash (Used in) Provided By Investing Activities | (480) | 37,055 | 36,387 | (53,508) |
Cash From Financing Activities | ||||
Net proceeds from issuance of preferred stock | 46,906 | 46,906 | 50,585 | |
Net proceeds from issuance of common stock and warrants | 77,852 | |||
Net proceeds from promissory note | 125 | 364 | 12,339 | |
Net proceeds from ATM | 20,383 | |||
Taxes paid related to net share settlement of restricted stock units | (336) | (336) | (1,855) | |
Net proceeds from the issuance of warrants | 1,409 | |||
Loans to related party | (117) | |||
Net proceeds for registered direct offering | 14,088 | |||
Common shares issued for net proceeds from warrants | 1 | 1 | ||
Distribution to shareholders related to spin-off of CXApp | (10,003) | |||
Repayment of CXApp acquisition liability | (197) | (1,847) | (5,136) | (461) |
Repayment of acquisition liability to Nanotron shareholders | (467) | |||
Repayment of acquisition liability to Locality shareholders | (500) | |||
Net Cash Provided By (Used In) Financing Activities | 11,718 | (4,163) | (34,586) | 125,037 |
Effect of Foreign Exchange Rate on Changes on Cash | 13 | (73) | (83) | 86 |
Net (Decrease)/Increase in Cash and Cash Equivalents | (4,554) | 13,275 | (32,245) | 34,484 |
Cash and Cash Equivalents – Beginning of period | 20,235 | 52,480 | 52,480 | 17,996 |
Cash and Cash Equivalents – End of period | 15,681 | 65,755 | 20,235 | 52,480 |
Cash and cash equivalents | 10,235 | 42,480 | ||
Cash included in current assets of discontinued operations | 10,000 | 10,000 | ||
Cash and Cash Equivalents – End of Year | 20,235 | 52,480 | ||
Supplemental Disclosure of cash flow information: | ||||
Interest | 2 | 2 | 3 | |
Income Taxes | 7 | 100 | 125 | 2,389 |
Non-cash investing and financing activities | ||||
Common shares issued for extinguishment of debt | 3,446 | 2,000 | 3,650 | 2,500 |
Noncash debt modification fees | 144 | |||
Marketable securities received for settlement of FOXO | 1,142 | |||
Common shares issued for CXApp Earnout Payment | 3,697 | |||
Right-of-use asset obtained in exchange for lease liability | 284 | 401 | ||
Settlement of Sysorex Note | 7,462 | |||
Investment in equity securities through conversion of note receivable | 6,776 | 58,905 | ||
Common shares issued for CXApp acquisition | 3,697 | 10,000 | ||
Common shares issued for Game Your Game acquisition | 1,403 | |||
Common shares issued for Visualix asset acquisition | 429 | |||
Preferred shares converted into common shares | 9,500 | |||
Common shares issued in exchange for warrants | 14 | 14 | ||
Noncash net assets distribution to shareholders related to spin-off of CXApp | 14,227 | |||
Series 7 Preferred Stock | ||||
Cash From Financing Activities | ||||
Cash paid for redemption of preferred stock series | $ (49,250) | (49,250) | ||
Series 8 Preferred Stock | ||||
Cash From Financing Activities | ||||
Cash paid for redemption of preferred stock series | $ (53,198) |
Organization and Nature of Busi
Organization and Nature of Business | 6 Months Ended | 12 Months Ended |
Jun. 30, 2023 | Dec. 31, 2022 | |
Organization and Nature of Business [Abstract] | ||
Organization and Nature of Business | Note 1 — Organization and Nature of Business Inpixon is the Indoor Intelligence™ company. Our solutions and technologies help organizations enable smarter, safer and more secure environments. Inpixon customers can leverage our real -time -time -edge -time -time -driven Inpixon’s full -stack -to-end -driven -key -data -time -friendly -time In addition to our Indoor Intelligence technologies and solutions, we also offer: • -based • We report financial results for three segments: Indoor Intelligence, Shoom and SAVES. For Indoor Intelligence, we generate revenue from sales of hardware, software licenses and professional services. For Shoom and SAVES, we generate revenue from the sale of software licenses. Enterprise Apps Spin-off and Business Combination On March 14, 2023, we completed the Enterprise Apps Spin -off th closing of the Merger and (ii) the day that the last reported sale price of New CXApp Class A common stock equals or exceeds $12.00 per share for any 20 trading days within any 30 -trading In accordance with applicable accounting guidance, the results of CXApp are presented as discontinued operations in the Condensed Consolidated Statements of Income and, as such, have been excluded from both continuing operations and segment results for all periods presented prior to the completion of the Enterprise Apps Spin -off -off Reverse Stock Split On October 7, 2022, the Company effected a 1 -for-75 | Note 1 — Organization and Nature of Business Inpixon is the Indoor Intelligence™ company. Our solutions and technologies help organizations create and redefine exceptional experiences that enable smarter, safer and more secure environments. Inpixon customers can leverage our real -time Inpixon specializes in providing real -time -edge -time -time -driven Inpixon’s full -stack -to-end -driven -key -data -time -friendly -time In addition to our Indoor Intelligence technologies and solutions, we also offer: • -based • We report financial results for three segments: Indoor Intelligence, Shoom and SAVES. For Indoor Intelligence, we generate revenue from sales of hardware, software licenses and professional services. For Shoom and SAVES we generate revenue from the sale of software licenses. Enterprise Apps Spin-off and Business Combination On September 25, 2022, we entered into an Agreement and Plan of Merger (the “Merger Agreement”) by and among Inpixon, KINS Technology Group Inc., a Delaware corporation (renamed CXApp Inc., “KINS” or “New CXApp”), CXApp Holding Corp., a Delaware corporation and wholly -owned -owned -owned -owned for the issuance of shares of KINS capital stock valued at approximately $69 million (the “Business Combination”). Immediately prior to the Merger and pursuant to a Separation and Distribution Agreement, dated as of September 25, 2022, among KINS, Inpixon, CXApp and Design Reactor, Inc., a California corporation (“Design Reactor”) (the “Separation Agreement”), and other ancillary conveyance documents, Inpixon would, among other things and on the terms and subject to the conditions of the Separation Agreement, transfered the Enterprise Apps Business, including certain related subsidiaries of Inpixon, including Design Reactor, to CXApp (the “Reorganization”). Following the Reorganization, Inpixon distributed 100% of the common stock of CXApp, par value $0.00001, to certain holders of Inpixon securities as of the record date of March 6, 2023 (the “Enterprise Apps Spin -Off Reverse Stock Split On October 7, 2022, the Company effected a 1 -for-75 |
Summary of Significant Accounti
Summary of Significant Accounting Policies | 6 Months Ended | 12 Months Ended |
Jun. 30, 2023 | Dec. 31, 2022 | |
Summary of Significant Accounting Policies [Abstract] | ||
Summary of Significant Accounting Policies | Note 3 — Summary of Significant Accounting Policies The Company’s complete accounting policies are described in Note 2 to the Company’s audited consolidated financial statements and notes for the year ended December 31, 2022. Liquidity As of June 30, 2023, the Company has a working capital surplus of approximately $0.02 million, and cash of approximately $15.7 million. For the three and six months ended June 30, 2023, the Company had a net loss of approximately $7.3 million and $24.5 million, respectively. During the six months ended June 30, 2023, the Company used approximately $15.8 million of cash for operating activities. Risks and Uncertainties The Company cannot assure you that we will ever earn revenues sufficient to support our operations, or that we will ever be profitable. In order to continue our operations, we have supplemented the revenues we earned with proceeds from the sale of our equity and debt securities and proceeds from loans and bank credit lines. Certain global events, such as the recent military conflict between Russia and Ukraine, market volatility and other general economic factors that are beyond our control may impact our results of operations. These factors can include interest rates; recession; inflation; unemployment trends; the threat or possibility of war, terrorism or other global or national unrest; political or financial instability; and other matters that influence our customers spending. Increasing volatility in financial markets and changes in the economic climate could adversely affect our results of operations. We also expect that supply chain interruptions and constraints, and increased costs on parts, materials and labor may continue to be a challenge for our business. The impact that these global events will have on general economic conditions is continuously evolving and the impact that they will have on our results of operations continues to remain uncertain. There are no assurances that we will not be materially adversely effected. The Company’s recurring losses and utilization of cash in its operations are indicators of going concern however with the Company’s current liquidity position, including $15.7 million cash and cash equivalents on hand plus the $1.4 million raised under the ATM Offering and $2.3 million from warrants exercised since July 1, 2023, approximately $6.4 million in additional funds available under the ATM Offering, and additional financing available to the Company, we believe we have the ability to mitigate such concerns for a period of at least one year from the date these financial statements are issued. Consolidations The consolidated financial statements have been prepared using the accounting records of Inpixon, Inpixon GmbH, Inpixon Limited, Nanotron Technologies, GmBh, Intranav GmbH, Inpixon India Limited and Game Your Game, Inc. The consolidated financial statements also include financial data of Inpixon Canada, Inc., Design Reactor, Inc. and Inpixon Philippines, Inc. through March 14, 2023, which is the date those entities were spun off in the Enterprise Apps Spin -off -company Use of Estimates The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during each of the reporting periods. Actual results could differ from those estimates. The Company’s significant estimates consist of: • -based • • • • • -lived Business Combinations The Company accounts for business combinations under Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) 805, “Business Combinations” using the acquisition method of accounting, and accordingly, the assets and liabilities of the acquired business are recorded at their fair values at the date of acquisition. The excess of the purchase price over the estimated fair value is recorded as goodwill. All acquisition costs are expensed as incurred. Upon acquisition, the accounts and results of operations are consolidated as of and subsequent to the acquisition date. Investment in equity securities- fair value Investment securities — fair value consist primarily of investments in equity securities and are carried at fair value in accordance with ASC 321, “Investments -Equity Revenue Recognition The Company recognizes revenue when control is transferred of the promised products or services to its customers, in an amount that reflects the consideration the Company expects to be entitled to in exchange for those products or services. The Company derives revenue from software as a service, design and implementation services for its Indoor Intelligence systems, and professional services for work performed in conjunction with its systems. Hardware and Software Revenue Recognition For sales of hardware and software products, the Company’s performance obligation is satisfied at a point in time when they are shipped to the customer. This is when the customer has title to the product and the risks and rewards of ownership. The delivery of products to Inpixon’s customers occurs in a variety of ways, including (i) as a physical product shipped from the Company’s warehouse, (ii) via drop -shipment -party -ship Software As A Service Revenue Recognition With respect to sales of the Company’s maintenance, consulting and other service agreements including the Company’s digital advertising and electronic services, customers pay fixed monthly fees in exchange for the Company’s service. The Company’s performance obligation is satisfied over time as the digital advertising and electronic services are provided continuously throughout the service period. The Company recognizes revenue evenly over the service period using a time -based Professional Services Revenue Recognition The Company’s professional services include milestone, fixed fee and time and materials contracts. Professional services under milestone contracts are accounted for using the percentage of completion method. As soon as the outcome of a contract can be estimated reliably, contract revenue is recognized in the consolidated statement of operations in proportion to the stage of completion of the contract. Contract costs are expensed as incurred. Contract costs include all amounts that relate directly to the specific contract, are attributable to contract activity, and are specifically chargeable to the customer under the terms of the contract. Professional services are also contracted on the fixed fee and time and materials basis. Fixed fees are paid monthly, in phases, or upon acceptance of deliverables. The Company’s time and materials contracts are paid weekly or monthly based on hours worked. Revenue on time and material contracts is recognized based on a fixed hourly rate as direct labor hours are expended. Materials, or other specified direct costs, are reimbursed as actual costs and may include markup. The Company has elected the practical expedient to recognize revenue for the right to invoice because the Company’s right to consideration corresponds directly with the value to the customer of the performance completed to date. For fixed fee contracts including maintenance service provided by in house personnel, the Company recognizes revenue evenly over the service period using a time -based -10-50-14 License Revenue Recognition The Company enters into contracts with its customers whereby it grants a non -exclusive -premise -going -premises The timing of the Company’s revenue recognition related to the licensing revenue stream is dependent on whether the software licensing agreement entered into represents a good or service. Software that relies on an entity’s IP and is delivered only through a hosting arrangement, where the customer cannot take possession of the software, is a service. A software arrangement that is provided through an access code or key represents the transfer of a good. Licenses for on -premises -premises Renewals or extensions of licenses are evaluated as distinct licenses (i.e., a distinct good or service), and revenue attributed to the distinct good or service cannot be recognized until (1) the entity provides the distinct license (or makes the license available) to the customer and (2) the customer is able to use and benefit from the distinct license. Renewal contracts are not combined with original contracts, and, as a result, the renewal right is evaluated in the same manner as all other additional rights granted after the initial contract. The revenue is not recognized until the customer can begin to use and benefit from the license, which is typically at the beginning of the license renewal period. Therefore, the Company recognizes revenue resulting from renewal of licensed software at a point in time, specifically, at the beginning of the license renewal period. The Company recognizes revenue related to Maintenance Services evenly over the service period using a time -based Contract Balances The timing of the Company’s revenue recognition may differ from the timing of payment by its customers. The Company records a receivable when revenue is recognized prior to payment and the Company has an unconditional right to payment. Alternatively, when payment precedes the provision of the related services, the Company records deferred revenue until the performance obligations are satisfied. The Company had deferred revenue of approximately $1.1 million and $1.3 million as of June 30, 2023 and December 31, 2022, respectively, related to cash received in advance for product maintenance services and professional services provided by the Company’s technical staff. The Company expects to satisfy its remaining performance obligations for these maintenance services and professional services, and recognize the deferred revenue and related contract costs over the next twelve months. The Company recognized revenue in the reporting period of $0.9 million that was included in the contract liability balance at the beginning of the period, for the period ended June 30, 2023. Stock-Based Compensation The Company accounts for options granted to employees by measuring the cost of services received in exchange for the award of equity instruments based upon the fair value of the award on the date of grant. The fair value of that award is then ratably recognized as an expense over the period during which the recipient is required to provide services in exchange for that award. Options and warrants granted to consultants and other non -employees The Company measures the cost of services received in exchange for an award of equity instruments based on the fair value of the award. The fair value of the award is measured on the grant date and recognized over the period services are required to be provided in exchange for the award, usually the vesting period. Forfeitures of unvested stock options are recorded when they occur. The Company incurred stock -based -based -based Net Income (Loss) Per Share The Company computes basic and diluted earnings per share by dividing net loss by the weighted average number of common shares outstanding during the period. Basic and diluted net loss per common share were the same since the inclusion of common shares issuable pursuant to the exercise of options and warrants in the calculation of diluted net loss per common shares would have been anti -dilutive The following table summarizes the number of common shares and common share equivalents excluded from the calculation of diluted net loss per common share for the six months ended June 30, 2023 and 2022: For the Three Months Ended For the Six Months Ended 2023 2022 2023 2022 Options 341,034 370,760 346,252 370,760 Warrants 77,179,810 1,737,626 40,995,661 1,310,999 Convertible preferred stock 13 1,503,728 13 1,503,728 Rights to common stock — 52,513 — 52,513 Total 77,520,857 3,664,627 41,341,926 3,238,000 Preferred Stock The Company relies on the guidance provided by ASC 480, “Distinguishing Liabilities from Equity” (“ASC 480”), to classify certain redeemable and/or convertible instruments. Preferred shares subject to mandatory redemption are classified as liability instruments and are measured at fair value. Conditionally redeemable preferred shares (including preferred shares that feature redemption rights that are either within the control of the holder or subject to redemption upon the occurrence of uncertain events not solely within the Company’s control) are classified as temporary equity. At all other times, preferred shares are classified as permanent equity. The Company also follows the guidance provided by ASC 815, “Derivatives and Hedging” (“ASC 815”), which states that contracts that are both, (1) indexed to its own stock and (2) classified in stockholders’ equity in its statement of financial position, are not classified as derivative instruments, and to be recorded under stockholder’s equity on the balance sheet of the financial statements. Management assessed the preferred stock and determined that it did meet the scope exception under ASC 815, and would be recorded as equity, and not a derivative instrument, on the balance sheet of the Company’s financial statements. Fair Value of Financial Instruments Financial instruments consist of cash and cash equivalents, investments in equity securities, short -term -term -term -term -term Recently Issued Accounting Standards Not Yet Adopted The Company reviewed recently issued accounting pronouncements and concluded that they were not applicable to the condensed consolidated financial statements, except for the following: In July 2023, the FASB issued ASU 2023 -03 -10-15-3 -03 Reclassifications Certain prior year amounts have been reclassified to conform with the current year presentation. These reclassifications had no material effect on the reported results of operations or cash flows. The condensed consolidated balance sheet as of December 31, 2022 included approximately $1.1 million of earnings reclassified from controlling accumulated deficit to non -controlling | Note 2 — Summary of Significant Accounting Policies Liquidity As of December 31, 2022, the Company has working capital of approximately $5.2 million and cash of approximately $20.2 million. The total cash from continuing operations was $10.2 million and the continuing operations working capital was ($1.9) million. For the year ended December 31, 2022, the Company incurred a net loss attributable to common stockholders of approximately $79.6 million, of which a loss of $28.1 million pertains to discontinued operations, and net cash used in operating activities during the year ended December 31, 2022 was $34.0 million of which net cash of $17.8 million pertains to discontinued operations. During the first quarter of 2022, the Company was required to redeem its Series 7 Preferred Stock for an aggregate amount of $49.3 million. On March 22, 2022, the Company entered into a Securities Purchase Agreement with certain institutional investors named therein, pursuant to which it sold in a registered direct offering (i) 53,197.7234 shares of Series 8 Convertible Preferred Stock and (ii) related warrants to purchase up to an aggregate of 1,503,726 shares of common stock. Each share of Series 8 Convertible Preferred Stock and the related warrants were sold at a subscription amount of $940, representing an original issue discount of 6% of the stated value of each share of Series 8 Convertible Preferred Stock for an aggregate subscription amount of $50.0 million. The net proceeds to the Company from this offering was $46.9 million after placement agent commissions and other offering costs. See further breakdown in Note 18 On July 22, 2022, the Company entered into a note purchase agreement pursuant to which it agreed to issue and sell to a holder an unsecured promissory note in an aggregate initial principal amount of $6.5 million for which in exchange for the note, the company received $5.0 million. Additionally on July 22, 2022, the Company entered into an Equity Distribution Agreement (the “Sales Agreement”) under which the Company may offer and sell shares of its common stock having an aggregate offering price of up to $25.0 million. The Company did not make any sales pursuant to the Sales Agreement as of December 31, 2022, however, it has raised gross proceeds of approximately $15.4 million under the Sales Agreement during the first quarter of 2023. On October 18, 2022, the Company entered into a Securities Purchase Agreement with an institutional investor, pursuant to which the Company agreed to issue and sell, in a registered direct offering, 253,112 shares of the Company’s common stock, warrants to purchase up to 3,846,153 shares of common stock at a combined offering price of $5.85 per share and pre -funded -funded -funded On December 30, 2022, the Company entered into a note purchase agreement pursuant to which it agreed to issue and sell to a holder an unsecured promissory note in an aggregate initial principal amount of $8.4 million, for which in exchange for the note, the company received $6.5 million. Risks and Uncertainties The Company cannot assure you that we will ever earn revenues sufficient to support our operations, or that we will ever be profitable. In order to continue our operations, we have supplemented the revenues we earned with proceeds from the sale of our equity and debt securities and proceeds from loans and bank credit lines. While the impact of the COVID -19 Certain global events, such as the continued impact of the pandemic, the recent military conflict between Russia and Ukraine, market volatility and other general economic factors that are beyond our control may impact our results of operations. These factors can include interest rates; recession; inflation; unemployment trends; the threat or possibility of war, terrorism or other global or national unrest; political or financial instability; and other matters that influence our customers spending. Increasing volatility in financial markets and changes in the economic climate could adversely affect our results of operations. We also expect that supply chain interruptions and constraints, and increased costs on parts, materials and labor may continue to be a challenge for our business. While we have been able to realize growth during the year ended December 31, 2022 as compared to the same period in 2021, the impact that these global events will have on general economic conditions is continuously evolving and the ultimate impact that they will have on our results of operations continues to remain uncertain. There are no assurances that we will be able to continue to experience the same growth or not be materially adversely effected. The Company’s recurring losses and utilization of cash in its operations are indicators of going concern however with the Company’s current liquidity position, including the cash raised under promissory notes and under the Sales Agreement subsequent to year end, less the funds required to be contributed with the spin -off Consolidations The consolidated financial statements have been prepared using the accounting records of Inpixon, Inpixon Canada, Inc., Inpixon GmbH, Inpixon Limited, Nanotron Technologies, GmBh, Intranav GmbH, Inpixon India Limited, Game Your Game, Inc., Design Reactor, Inc. (the CXApp) and Inpixon Philippines, Inc. All material inter -company Use of Estimates The preparation of financial statements in conformity with generally accepted accounting principles in the United States of America (“GAAP”) requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during each of the reporting periods. Actual results could differ from those estimates. The Company’s significant estimates consist of: • -based • • • • • • -lived • Business Combinations The Company accounts for business combinations under Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) 805 “Business Combinations” using the acquisition method of accounting, and accordingly, the assets and liabilities of the acquired business are recorded at their fair values at the date of acquisition. The excess of the purchase price over the estimated fair value is recorded as goodwill. All acquisition costs are expensed as incurred. Upon acquisition, the accounts and results of operations are consolidated as of and subsequent to the acquisition date. Cash and Cash Equivalents Cash and cash equivalents consist of cash, checking accounts, money market accounts and temporary investments with maturities of three months or less when purchased. As of December 31, 2022 and 2021, the Company had no cash equivalents. Accounts Receivable, net and Allowance for Credit Losses Accounts receivables are stated at the amount the Company expects to collect. The Company recognizes an allowance for credit losses to ensure accounts receivables are not overstated due to un -collectability -time Inventory Finished goods are measured at the cost of manufactured products including direct materials and subcontracted services. Nanotron, states finished goods at the lower of cost and net realizable value on an average cost basis. As the inventory held by Nanotron is typically small dollar value items with small variances in price, an estimate or average is used to determine the balance of inventory. All other subsidiaries of the Company state inventory utilizing the first -in -out -moving Investments Short-term investments Investments with maturities greater than 90 days but less than one year are classified as short -term Our short -term -for-sale Mezzanine equity When ordinary or preferred shares are determined to be conditionally redeemable upon the occurrence of certain events that are not solely within the control of the issuer, and upon such event, the shares would become redeemable at the option of the holders, they are classified as ‘mezzanine equity’ (temporary equity). The purpose of this classification is to convey that such a security may not be permanently part of equity and could result in a demand for cash, securities or other assets of the entity in the future. Investment in equity securities- fair value Investment securities — fair value consist primarily of investments in equity securities and are carried at fair value in accordance with ASC 321, Investments -Equity Securities Property and Equipment, net Property and equipment are recorded at cost less accumulated depreciation and amortization. The Company depreciates its property and equipment for financial reporting purposes using the straight -line Intangible Assets Intangible assets primarily consist of developed technology, customer lists/relationships, non -compete Acquired In-Process Research and Development (“IPR&D”) In accordance with authoritative guidance, the Company recognizes IPR&D at fair value as of the acquisition date, and subsequently accounts for it as an indefinite -lived The Company continues to seek additional resources, through both capital raising efforts and meeting with industry experts, for further development of these technologies. Through December 31, 2022, the Company has made some progress with raising capital since these acquisitions, building their pipeline and getting industry acknowledgment. The Company has been recognized by leading industry analysts in a report on leading indoor positioning companies and was also awarded the IoT Security Excellence award by TMC and Crossfire Media. Management remains focused on growing revenue from these products and continues to pursue efforts to recognize the value of the technologies. If the Company chooses to abandon these efforts, or if the Company determines that such funding is not available, the related technologies could be subject to significant impairment. Goodwill The Company tests goodwill for potential impairment at least annually, or more frequently if an event or other circumstance indicates that the Company may not be able to recover the carrying amount of the net assets of the reporting unit. The Company has determined that the reporting unit is the entire company, due to the integration of all of the Company’s activities. In evaluating goodwill for impairment, the Company may assess qualitative factors to determine whether it is more likely than not (that is, a likelihood of more than 50%) that the fair value of a reporting unit is less than its carrying amount. If the Company bypasses the qualitative assessment, or if the Company concludes that it is more likely than not that the fair value of a reporting unit is less than its carrying value, then the Company performs a quantitative impairment test by comparing the fair value of a reporting unit with its carrying amount. The Company calculates the estimated fair value of a reporting unit using a weighting of the income and market approaches. For the income approach, the Company uses internally developed discounted cash flow models that include the following assumptions, among others: projections of revenues, expenses, and related cash flows based on assumed long -term The Company has recorded impairment of goodwill of $7.6 million and $14.8 million during the years ended December 31, 2022 and 2021, respectively, of which $5.5 million and $11.9 million pertain to discontinued operations. Other Long Term Investments The Company invests in certain equity -method -month Software Development Costs The Company develops and utilizes internal software for the processing of data provided by its customers. Costs incurred in this effort are accounted for under the provisions of ASC 350 -40 -20 Leases and Right-of-Use Assets The Company determines if an arrangement is a lease at its inception. Operating lease liabilities are recognized at the lease commencement date based on the present value of lease payments over the lease term. The Company generally uses their incremental borrowing rate based on the information available at the lease commencement date in determining the present value of future payments, because the implicit rate of the lease is generally not known. Right -of-use -of-use -line one Research and Development Research and development costs consist primarily of professional fees and compensation expense. All research and development costs are expensed as incurred. Research and development costs as of December 31, 2022 and 2021 were $17.7 million and $14.1 million, respectively, of which $9.3 million and $6.7 million pertain to discontinued operations. Loans and Notes Receivable The Company evaluates loans and notes receivable that don’t qualify as securities pursuant to ASC 310 — “Receivables”, wherein such loans would first be classified as either “held for investment” or ‘held for sale.” Loans would be classified as “held for investment”, if the Company has the intent and ability to hold the loan for the foreseeable future, or to maturity or pay -off to sell the loan. Loan receivables classified as “held for investment” are carried on the balance sheet at their amortized cost and are periodically evaluated for impairment. Loan receivables classified as “held for sale” are carried on the balance sheet at the lower of their amortized cost or fair value, with a valuation allowance being recorded (with a corresponding income statement charge) if the amortized cost exceeds the fair value. For loans carried on the balance sheet at fair value, changes to the fair value amount that relate solely to the passage of time will be recorded as interest income. Income Taxes The Company accounts for income taxes using the asset and liability method. Accordingly, deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between financial statement carrying amounts of existing assets and liabilities and their respective tax bases. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in the tax rate is recognized in income or expense in the period that the change is effective. Income tax benefits are recognized when it is probable that the deduction will be sustained. A valuation allowance is established when it is more likely than not that all or a portion of a deferred tax asset will either expire before the Company is able to realize the benefit, or that future deductibility is uncertain. Non-Controlling Interest The Company has an 82.5% equity interest in Inpixon India, a 99.97% equity interest in Inpixon Philippines and a 55.4% equity interest in Game Your Game as of December 31, 2022. The portion of the Company’s equity attributable to this third party non -controlling -off Approximately $1.1 million of earnings have been reclassified from controlling accumulated deficit to non -controlling Foreign Currency Translation Assets and liabilities related to the Company’s foreign operations are calculated using the Indian Rupee, Canadian Dollar, British Pound, Philippine Peso and Euro, and are translated at end -of-period Comprehensive Income (Loss) The Company reports comprehensive income (loss) and its components in its consolidated financial statements. Comprehensive loss consists of net loss, foreign currency translation adjustments and unrealized gains and losses from marketable securities, affecting stockholders’ (deficit) equity that, under GAAP, are excluded from net loss. Revenue Recognition The Company recognizes revenue when control is transferred of the promised products or services to its customers, in an amount that reflects the consideration the Company expects to be entitled to in exchange for those products or services. The Company derives revenue from software as a service, design and implementation services for its Indoor Intelligence systems, and professional services for work performed in conjunction with its systems. Hardware and Software Revenue Recognition For sales of hardware and software products, the Company’s performance obligation is satisfied at a point in time when they are shipped to the customer. This is when the customer has title to the product and the risks and rewards of ownership. The delivery of products to Inpixon’s customers occurs in a variety of ways, including (i) as a physical product shipped from the Company’s warehouse, (ii) via drop -shipment -party -ship Software As A Service Revenue Recognition With respect to sales of the Company’s maintenance, consulting and other service agreements including the Company’s digital advertising and electronic services, customers pay fixed monthly fees in exchange for the Company’s service. The Company’s performance obligation is satisfied over time as the digital advertising and electronic services are provided continuously throughout the service period. The Company recognizes revenue evenly over the service period using a time -based Professional Services Revenue Recognition The Company’s professional services include milestone, fixed fee and time and materials contracts. Professional services under milestone contracts are accounted for using the percentage of completion method. As soon as the outcome of a contract can be estimated reliably, contract revenue is recognized in the consolidated statement of operations in proportion to the stage of completion of the contract. Contract costs are expensed as incurred. Contract costs include all amounts that relate directly to the specific contract, are attributable to contract activity, and are specifically chargeable to the customer under the terms of the contract. Professional services are also contracted on the fixed fee and time and materials basis. Fixed fees are paid monthly, in phases, or upon acceptance of deliverables. The Company’s time and materials contracts are paid weekly or monthly based on hours worked. Revenue on time and material contracts is recognized based on a fixed hourly rate as direct labor hours are expended. Materials, or other specified direct costs, are reimbursed as actual costs and may include markup. The Company has elected the practical expedient to recognize revenue for the right to invoice because the Company’s right to consideration corresponds directly with the value to the customer of the performance completed to date. For fixed fee contracts including maintenance service provided by in house personnel, the Company recognizes revenue evenly over the service period using a time -based elected the practical expedient in ASC 606 -10-50-14 License Revenue Recognition The Company enters into contracts with its customers whereby it grants a non -exclusive -premise -going -premises The timing of the Company’s revenue recognition related to the licensing revenue stream is dependent on whether the software licensing agreement entered into represents a good or service. Software that relies on an entity’s IP and is delivered only through a hosting arrangement, where the customer cannot take possession of the software, is a service. A software arrangement that is provided through an access code or key represents the transfer of a good. Licenses for on -premises -premises Renewals or extensions of licenses are evaluated as distinct licenses (i.e., a distinct good or service), and revenue attributed to the distinct good or service cannot be recognized until (1) the entity provides the distinct license (or makes the license available) to the customer and (2) the customer is able to use and benefit from the distinct license. Renewal contracts are not combined with original contracts, and, as a result, the renewal right is evaluated in the same manner as all other additional rights granted after the initial contract. The revenue is not recognized until the customer can begin to use and benefit from the license, which is typically at the beginning of the license renewal period. Therefore, the Company recognizes revenue resulting from renewal of licensed software at a point in time, specifically, at the beginning of the license renewal period. The Company recognizes revenue related to Maintenance Services evenly over the service period using a time -based Contract Balances The timing of the Company’s revenue recognition may differ from the timing of payment by its customers. The Company records a receivable when revenue is recognized prior to payment and the Company has an unconditional right to payment. Alternatively, when payment precedes the provision of the related services, the Company records deferred revenue until the performance obligations are satisfied. The Company had deferred revenue of approximately $3.5 million and $4.8 million, as of December 31, 2022 and 2021,respectively, of which $2.2 million and $3.1 million pertain to discontinued operations , related to cash received in advance for product maintenance services and professional services provided by the Company’s technical staff. The Company expects to satisfy its remaining performance obligations for these maintenance services and professional services, and recognize the deferred revenue and related contract costs over the next twelve months. Costs to Obtain a Contract The Company recognizes eligible sales commissions as an asset as the commissions are an incremental cost of obtaining a contract with the customer and the Company expects to recover these costs. The capitalized costs are amortized over the expected contract term. Cost to Fulfill a Contract The Company incurs costs to fulfill their obligations under a contract once it has obtained, but before transferring goods or services to the customer. These costs are recorded as an asset as these costs are an incremental cost of fulfilling the contract with the customer and the Company expects to recover these costs. The capitalized costs are amortized over the expected remaining contract term. Multiple Performance Obligations The Company enters into contracts with customers for its technology that include multiple performance obligations. Each distinct performance obligation was determined by whether the customer could benefit from the good or service on its own or together with readily available resources. The Company allocates revenue to each performance obligation based on its relative standalone selling price. The Company’s process for determining standalone selling price considers multiple factors including the Company’s internal pricing model and market trends that may vary depending upon the facts and circumstances related to each performance obligation. Sales and Use Taxes The Company presents transactional taxes such as sales and use tax collected from customers and remitted to government authorities on a net basis. Shipping and Handling Costs Shipping and handling costs are expensed as incurred as part of cost of revenues. These costs were deemed to be nominal during each of the reporting periods. Advertising Costs Advertising costs are expensed as incurred. The Company incurred advertising costs, which are included in selling, general and administrative expenses of approximately $0.6 million and $0.4 million during the years ended December 31, 2022 and 2021, respectively, of which $0.4 million and $0.2 million pertain to discontinued operations, respectively. Stock-Based Compensation The Company accounts for options granted to employees, consultants and other non -employees The Company incurred stock -based Net Income (Loss) Per Share The Company computes basic and diluted earnings per share by dividing net loss by the weighted average number of common shares outstanding during the period. Basic and diluted net loss per common share were the same since the inclusion of common shares issuable pursuant to the exercise of options and warrants in the calculation of diluted net loss per common shares would have been anti -dilutive The following table summarizes the number of common shares and common share equivalents excluded from the calculation of diluted net loss per common share for the years ended December 31, 2022 and 2021: For the Years Ended 2022 2021 Options 351,587 252,006 Warrants 6,212,026 1,285,428 Convertible preferred stock 13 525,345 Earnout reserve — 147,493 Totals 6,563,626 2,210,272 Preferred Stock The Company relies on the guidance provided by ASC 480, “Distinguishing Liabilities from Equity”, to classify certain redeemable and/or convertible instruments. Preferred shares subject to mandatory redemption are classified as liability instruments and are measured at fair value. Conditionally redeemable preferred shares (including preferred shares that feature redemption rights that are either within the control of the holder or subject to redemption upon the occurrence of uncertain events not solely within the Company’s control) are classified as temporary equity. At all other times, preferred shares are classified as permanent equity. The Company also follows the guidance provided by ASC 815 “Derivatives and Hedging”, which states that contracts that are both, (1) indexed to its own stock and (2) classified in stockholders’ equity in its statement of financial position, are not classified as derivative instruments, and to be recorded under stockholder’s equity on the balance sheet of the financial statements. Management assessed the preferred stock and determined that it did meet the scope exception under ASC 815, and would be recorded as equity, and not a derivative instrument, on the balance sheet of the Company’s financial statements. Fair Value Measurements ASC 820, Fair Value Measurements, provides guidance on the development and disclosure of fair value measurements. The Company follows this authoritative guidance for fair value measurements, which defines fair value, establishes a framework for measuring fair value under generally accepted accounting principles in the United States, and expands disclosures about fair value measurements. The guidance requires fair value measurements be classified and disclosed in one of the following three categories: • • • Fair value measurements discussed herein are based upon certain market assumptions and pertinent information available to management as of and during the years ended December 31, 2022 and 2021. Fair value measurements are applied, when applicable, to determine the fair value of our long -lived -cash Fair Value of Financial Instruments Financial instruments consist of cash and cash equivalents, accounts receivable, notes receivable, accounts payable, and short -term -term -term -term Carrying Value, Recoverability and Impairment of Long-Lived Assets The Company has adopted Section 360 -10-35 -lived -10-35-17 -lived -lived -lived -10-35-20 -lived -lived Pursuant to ASC Paragraph 360 -10-35-21 -lived -lived -lived -lived -lived -period -lived -lived -lived Based on its assessments, the Company has recorded impairment of goodwill and intangibles of $12.2 million and $14.8 million during the years ended December 31, 2022 and 2021, respectively, of which $5.5 million and $12 million pertain to discontinued operations. Recently Issued and Adopted Accounting Standards In August 2020, the FASB issued Accounting Standards Update (“ASU”) 2020 -06 “Debt — Debt with Conversion and Other Options (Subtopic 470 -20 ) and Derivatives and Hedging — Contracts in Entity’s Own Equity (Subtopic 815 -40 )” -06 . -06 -usefulness -converted -06 -06 -06 In May 2021, the FASB issued ASU 2021 -04 -04 -04 -04 In October 2021, the FASB issued ASU 2021 -08 -08 -08 -08 In November 2021, the FASB issued ASU 2021 -10 -10 -10 -10 |
Disaggregation of Revenue
Disaggregation of Revenue | 6 Months Ended | 12 Months Ended |
Jun. 30, 2023 | Dec. 31, 2022 | |
Disaggregation of Revenue [Abstract] | ||
Disaggregation of Revenue | Note 4 — Disaggregation of Revenue Disaggregation of Revenue The Company recognizes revenue when control is transferred of the promised products or services to its customers, in an amount that reflects the consideration the Company expects to be entitled to in exchange for those products or services. The Company derives revenue from software as a service, design and implementation services for its Indoor Intelligence systems, and professional services for work performed in conjunction with its systems recognition policy. Revenues consisted of the following (in thousands): For the Three Months Ended For the Six Months Ended 2023 2022 2023 2022 Recurring revenue Software $ 990 $ 1,019 $ 2,004 $ 2,070 Total recurring revenue $ 990 $ 1,019 $ 2,004 $ 2,070 Non-recurring revenue Hardware $ 512 $ 875 $ 1,817 $ 1,695 Software 448 355 490 765 Professional services 107 327 850 695 Total non-recurring revenue $ 1,067 $ 1,557 $ 3,157 $ 3,155 Total Revenue $ 2,057 $ 2,576 $ 5,161 $ 5,225 For the Three Months Ended June 30, For the Six Months Ended June 30, 2023 2022 2023 2022 Revenue recognized at a point in time Indoor Intelligence (1) $ 520 $ 874 $ 2,176 $ 1,694 SAVES (1) 440 398 833 766 Total $ 960 $ 1,272 $ 3,009 $ 2,460 Revenue recognized over time Indoor Intelligence (2) (3) $ 320 $ 464 $ 573 $ 1,041 SAVES (3) 303 328 628 694 Shoom (3) 474 512 951 1,030 Total $ 1,097 $ 1,304 $ 2,152 $ 2,765 Total Revenue $ 2,057 $ 2,576 $ 5,161 $ 5,225 (1) (2) (3) -based | Note 3 — Disaggregation of Revenue Disaggregation of Revenue The Company recognizes revenue when control is transferred of the promised products or services to its customers, in an amount that reflects the consideration the Company expects to be entitled to in exchange for those products or services. The Company derives revenue from software as a service, design and implementation services for its Indoor Intelligence systems, and professional services for work performed in conjunction with its systems recognition policy. Revenues consisted of the following (in thousands): For the Years Ended December 31, 2022 2021 Total Continuing Discontinued Total Continuing Discontinued Recurring revenue Hardware $ — $ — $ — $ 3 $ — $ 3 Software 9,530 4,060 5,470 7,152 3,844 3,308 Professional services — — — 35 — 35 Total recurring revenue $ 9,530 $ 4,060 $ 5,470 $ 7,190 $ 3,844 $ 3,346 Non-recurring revenue Hardware $ 3,906 $ 3,905 $ 1 $ 3,830 $ 3,794 $ 36 Software 1,544 1,540 4 1,974 1,989 (15 ) Professional services 4,438 1,443 2,995 3,001 — 3,001 Total non-recurring revenue $ 9,888 $ 6,888 $ 3,000 $ 8,805 $ 5,783 $ 3,022 Total Revenue $ 19,418 $ 10,948 $ 8,470 $ 15,995 $ 9,627 $ 6,368 For the Years Ended December 31, 2022 2021 Total Continuing Operations Discontinued Operations Total Continuing Operations Discontinued Operations Revenue recognized at a point in time Indoor Intelligence (1) $ 4,037 $ 4,032 $ 5 $ 4,371 $ 4,367 $ 4 Saves (1) 1,413 1,413 — 1,436 1,436 — Shoom (1) — — — — — — Total $ 5,450 $ 5,445 $ 5 $ 5,807 $ 5,803 $ 4 Revenue recognized over time Indoor Intelligence (2)(3) $ 10,576 $ 2,111 $ 8,465 $ 6,676 $ 312 $ 6,364 Saves (3) 1,362 1,362 — 1,501 1,501 — Shoom (3) 2,030 2,030 — 2,011 2,011 — Total $ 13,968 $ 5,503 $ 8,465 $ 10,188 $ 3,824 $ 6,364 Total Revenue $ 19,418 $ 10,948 $ 8,470 $ 15,995 $ 9,627 $ 6,368 (1) (2) (3) -based |
Game Your Game Acquisition
Game Your Game Acquisition | 12 Months Ended |
Dec. 31, 2022 | |
Game Your Game Acquisition [Abstract] | |
Game Your Game Acquisition | Note 4 — Game Your Game Acquisition On April 9, 2021, the Company acquired Game Your Game, and its wholly owned subsidiary Active Mind to further the Company’s strategy to reach the end customer with apps in the growing sports analytics space. In exchange for a purchase price of $3.1 million the Company acquired 522,000 shares of the Company’s common stock from Game Your Game, which represent 55.4% of the outstanding shares of Common Stock of Game Your Game. The goodwill of $0.5 million arising from the acquisition consists of an acquired workforce, as well as synergies and economies of scale expected from combined operations of Inpixon and Game Your Game. The following table represents the purchase price (in thousands). Cash $ 1,667 Stock (15,721 number of common stock shares) 1,403 Total Purchase Price $ 3,070 The acquisition is being accounted for as a business combination in accordance with ASC 805 Business Combinations. The Company has determined the fair values of the assets acquired and liabilities assumed in the acquisition. In connection with the acquisition, the Company recorded a non -controlling -controlling -controlling The following table summarizes the purchase price allocations relating to the Acquisition (in thousands): Fair Value Allocation Assets acquired: Cash and cash equivalents $ 1,851 Accounts receivable 36 Inventory 144 Other current assets 37 Property and equipment 105 Other assets 4 Tradename 628 Proprietary technology 2,824 Customer relationship 847 Goodwill 459 Total assets acquired $ 6,935 Liabilities assumed: Accounts payable $ 957 Accrued expenses and other liabilities 436 Total liabilities assumed 1,393 Estimated fair value of net assets acquired: $ 5,542 Less: Non Controlling Interest (2,472 ) Estimated fair value of net assets acquired attributable to the Company $ 3,070 The value of the intangibles and goodwill were calculated by a third party valuation firm based on projections and financial data provided by management of the Company. The goodwill represents the excess fair value after the allocation to the intangibles. The calculated goodwill is not tax deductible for tax purposes. Total acquisition -related -related -related Professional fees $ 158 Consulting fees 150 Total acquisition costs $ 308 |
Visualix Acquisition
Visualix Acquisition | 12 Months Ended |
Dec. 31, 2022 | |
Visualix Acquisition [Abstract] | |
Visualix Acquisition | Note 5 — Visualix Acquisition On April 23, 2021 (the “Closing Date”), the Company entered a certain asset purchase agreement by and among the Company, Visualix GmbH i.L. (the “Visualix”), Darius Vahdat -Pajouh Prior to the Closing Date, Visualix owned and operated certain computer vision, robust localization, large -scale In consideration of the transactions (the “Consideration”) contemplated by the Asset Purchase Agreement, the Company: 1. 2. 3. The asset purchase agreement includes customary representations and warranties, as well as certain covenants, including, inter alia, that the Founders are hired as employees of Inpixon GmbH and Visualix and the Founders shall not, for a period of two (2) years following the Closing Date, directly or indirectly, compete with the Company in the sectors of Mapping and Localization Technology (as defined in the asset purchase agreement). The following table represents the purchase price (in thousands). Cash $ 61 Stock (4,928 common stock shares at $87.00 per share) 429 Total Purchase Price $ 490 Developed Technology $ 429 Non-compete Agreements 61 Total Purchase Price $ 490 |
CXApp Acquisition
CXApp Acquisition | 12 Months Ended |
Dec. 31, 2022 | |
CXApp Acquisition [Abstract] | |
CXApp Acquisition | Note 6 — CXApp Acquisition On April 30, 2021, the Company acquired Design Reactor, Inc. (“CXApp”) which enables corporate enterprise organizations to provide a custom -branded -aware -user -closing The following table represents the purchase price (in thousands). Cash $ 22,132 Stock (117,994 common stock shares at $84.75 per share) 10,000 Total Purchase Price $ 32,132 In relation to the cash payment, Inpixon retained $4.9 million of Holdback Funds from the Purchase Price to secure the Seller’s obligations under the stock purchase agreement, with any unused portion of the Holdback Funds to be released to the Seller on the date that is 18 months after the Closing Date. In addition, to the Holdback Funds, the Company is to pay various costs to third parties on the Seller’s behalf. These costs consisted of Seller transaction expenses, option payouts, bonus payouts, and miscellaneous accrued expenses. The Company retained cash for these future payments and recorded these future payments in Acquisition Liability on the closing date of the Acquisition. During the measurement period the holdback funds was adjusted by $0.2 million to account for work capital adjustments. The following represents the amounts that were recorded to Acquisition Liability (in thousands): Acquisition Liability Current Option payout $ 296 Bonus payout 34 Seller transaction expenses 72 Miscellaneous accrued expenses 174 Total current $ 576 Noncurrent Option payout $ 493 Bonus payout 57 Holdback funds 4,875 Total noncurrent 5,425 6,001 Less adjustment to holdback funds due to measurement period adjustment (209 ) Less payments made during the year ended December 31, 2021 (460 ) Less payments made during the year ended December 31, 2022 (5,135 ) Total acquisition liability $ 197 In connection with the Acquisition, the Company was required to pay an additional amount up to $12.5 million to certain select sellers of CXApp shares (payable in shares of the Company’s common stock based on a per share price of $1.13, subject to stockholder approval) in contingent earnout payments subject to CXApp meeting certain revenue targets on the one year anniversary of the Acquisition date. (the “Earnout Payment”). The Earnout Payment was subject to and conditioned upon each individual select seller’s continued active employment or service with the Company at the time of the earnout payment date. The Earnout Payment was treated as post -combination On December 30, 2021, the Company entered into an Amendment to Stock Purchase Agreement (the “Amendment”), with the sellers’ representative, pursuant to which the parties to the Purchase Agreement agreed to (i) amend the amount of the earnout target from $8.3 million to $4.2 million; (ii) amend the duration of the earnout period from the period of the closing date through twelve month anniversary to the closing date to the period from the closing date through December 31, 2021; and (iii) eliminate the sellers’ representative’s right to accelerate the Earnout Payment upon a sale or change of control of the Company. The Acquisition is being accounted for as a business combination in accordance with ASC 805 Business Combinations. The Company has determined fair values of the assets acquired and liabilities assumed in the Acquisition. The Company has made an allocation of the purchase price of the Acquisition to the assets acquired and the liabilities assumed as of the purchase date. The following table summarizes the purchase price allocations relating to the Acquisition (in thousands): Fair Value Allocation Assets acquired: Cash and cash equivalents $ 1,153 Trade and other receivables 1,626 Prepaid expenses and other current assets 68 Property, plant, and equipment 6 Tradename 2,170 Developed technology 8,350 Customer relationships 5,020 Non-compete agreements 2,690 Goodwill 15,306 Total assets acquired $ 36,389 Liabilities assumed: Accounts payable $ 203 Deferred revenue 1,319 Accrued expenses and other liabilities 116 Deferred tax liability 2,591 Other tax liability, noncurrent 28 Total liabilities assumed 4,257 Estimated fair value of net assets acquired: $ 32,132 The value of the intangibles and goodwill were calculated by a third party valuation firm based on projections and financial data provided by management of the Company. The assets were valued using a combination of multi -period Total acquisition -related -related -related Accounting fees $ 115 Legal fees 389 Total acquisition costs $ 504 On March 3, 2022, we entered into a Second Amendment to that certain Stock Purchase Agreement, dated as of April 30, 2021 (the “CXApp Stock Purchase Agreement”), by and among the Company, Design Reactor, Inc. (the “CXApp”) and the holders of the outstanding capital stock of CXApp (the “Sellers”) with the Sellers’ Representative (as defined in the CXApp Stock Purchase Agreement), pursuant to which the parties agreed that withholding taxes payable by certain of the Sellers, as applicable, in connection with the issuance of the Earnout Shares (as defined in the CXApp Purchase Agreement) would be offset up to the aggregate amount payable to such Seller by the Company from the Holdback Amount (as defined in the CXApp Purchase Agreement) and the Holdback Amount would be reduced by an equal amount. On March 3, 2022, the Company issued 144,986 shares of common stock to the Sellers in connection with the satisfaction of the Earnout Payment (as defined in the CXApp Purchase Agreement). The fair market value of the Earnout Shares issued of $3.7 million was lower than the fair market value of the Earnout Shares as of December 31, 2021 of $6.5 million, and therefore the Company recorded a benefit of $2.8 million for the year ended December 31, 2022, which is included in the General and Administrative costs of the condensed consolidated statements of operations. |
IntraNav Acquisition
IntraNav Acquisition | 12 Months Ended |
Dec. 31, 2022 | |
IntraNav Acquisition [Abstract] | |
IntraNav Acquisition | Note 7 — IntraNav Acquisition On December 9, 2021, the Company, through its wholly owned subsidiary, Inpixon Germany, through its wholly owned subsidiary, Nanotron Technologies acquired IntraNav GmbH. IntraNav will bring new, comprehensive products and technologies, and a broad IP portfolio to strengthen the Company’s established RTLS product line. In exchange for a Purchase Price of $1.1 million, the Purchaser acquired all the outstanding shares of IntraNav. The goodwill of $0.5 million arising from the Acquisition consists of an acquired workforce, as well as synergies and economies of scale expected from combined operations of Nanotron and IntraNav. The Acquisition is being accounted for as a business combination in accordance with ASC 805. The Company has determined the fair values of the assets acquired and liabilities assumed in the Acquisition. The Company has made the allocation of the purchase price of the Acquisition to the assets acquired and the liabilities assumed as of the purchase date. The following table summarizes the purchase price allocations relating to the Acquisition: Cash Considerations (EUR) € 1,000,000 Less: IntraNav’s indebtedness in excess of EUR 150,000 — Total Purchase Price (EUR) € 1,000,000 Total Purchase Price (USD) – at 1.13249 USD per EUR $ 1,132,490 Fair Value Allocation Assets acquired: Cash and cash equivalents $ 109 Accounts receivable 110 Prepaid expenses and other current assets 135 Inventory 844 Right of use asset 312 Property, plant, and equipment 30 Other assets 113 Tradename & trademarks 168 Proprietary technology 507 Customer relationships 197 Goodwill 482 Total assets acquired $ 3,007 Liabilities assumed: Accounts payable 2 Accrued liabilities 413 Lease liabilities – current 54 Lease liabilities – noncurrent 231 Payable to new parent 391 Deferred revenue 784 Total liabilities assumed 1,875 Estimated fair value of net assets acquired: $ 1,132 Total acquisition -related Accounting fees $ 10 Legal fees 199 Total acquisition costs $ 209 |
Proforma Financial Information
Proforma Financial Information | 12 Months Ended |
Dec. 31, 2022 | |
Proforma Financial Information [Abstract] | |
Proforma Financial Information | Note 8 — Proforma Financial Information CXApp Proforma Financial Information The following unaudited proforma financial information presents the consolidated results of operations of the Company and CXApp for the year ended December 31, 2021, as if the acquisition had occurred as of the beginning of the first period presented instead of on April 30, 2021. The proforma information does not necessarily reflect the results of operations that would have occurred had the entities been a single company during the period. The proforma financial information for Game Your Game, Visualix and IntraNav have not been presented as it is deemed immaterial. The proforma financial information for the Company and CXApp is as follows (in thousands): For the Revenues $ 17,845 Net loss attributable to common stockholders $ (77,927 ) Net loss per basic and diluted common share $ (50.30 ) Weighted average common shares outstanding: Basic and Diluted 1,549,160 |
Inventory
Inventory | 6 Months Ended | 12 Months Ended |
Jun. 30, 2023 | Dec. 31, 2022 | |
Inventory Disclosure [Abstract] | ||
Inventory | Note 6 — Inventory Inventory as of June 30, 2023 and December 31, 2022 consisted of the following (in thousands): As of As of Raw materials $ 439 $ 351 Work-in-process 127 127 Finished goods 2,662 1,964 Inventory $ 3,228 $ 2,442 | Note 9 — Inventory Inventory as of December 31, 2022 and 2021 consisted of the following (in thousands): As of December 31, 2022 2021 Raw materials $ 351 $ 163 Work-in-process 127 539 Finished goods 1,964 1,274 Inventory $ 2,442 $ 1,976 Less discontinued operations — (11 ) Inventory, Continuing Operations $ 2,442 $ 1,965 |
Property and Equipment, Net
Property and Equipment, Net | 12 Months Ended |
Dec. 31, 2022 | |
Property and Equipment, Net [Abstract] | |
Property and Equipment, net | Note 10 — Property and Equipment, net Property and equipment as of December 31, 2022 and 2021 consisted of the following (in thousands): As of December 31, 2022 2021 Computer and office equipment $ 2,119 $ 1,961 Furniture and fixtures 448 447 Leasehold improvements 47 50 Software 849 868 Total 3,463 3,326 Less: accumulated depreciation and amortization (2,197 ) (1,884 ) Total Property and Equipment, Net $ 1,266 $ 1,442 Less Discontinued Operations (202 ) (231 ) Total Property and Equipment, Continuing Operations $ 1,064 $ 1,211 Depreciation and amortization expense were approximately $0.4 million and $0.4 million for both the years ended December 31, 2022 and 2021, respectively, of which $0.1 million for both years pertain to discontinued operations. |
Investments in Equity Securitie
Investments in Equity Securities | 6 Months Ended | 12 Months Ended |
Jun. 30, 2023 | Dec. 31, 2022 | |
Investments in Equity Securities [Abstract] | ||
Investments in Equity Securities | Note 7 — Investments in Equity Securities Investment securities — fair value consist of investments in the Company’s investment in shares and rights of equity securities. The composition of the Company’s investment securities — fair value was as follows (in thousands): As of June 30, 2023 As of December 31, 2022 Cost Fair Value Cost Fair Value Investments in equity securities- fair value Equity shares $ 55,379 $ 1,412 $ 54,237 $ 328 Equity rights 11,064 2 11,064 2 Total investments in equity securities- fair value $ 66,443 $ 1,414 $ 65,301 $ 330 As of June 30, 2023, the Company owned equity shares which include approximately 4.5 million shares of FOXO Technologies Inc. common stock and 13.0 million shares of Sysorex common stock. As of December 31, 2022, the Company owned approximately 0.8 million shares of FOXO Technologies Inc. common stock and 13.0 million shares of Sysorex common stock. As of June 30, 2023 and December 31, 2022, the Company owned equity rights which include the right to acquire 3.0 million shares of Sysorex common stock. For the three months ended June 30, 2023 and 2022, the Company recognized a net unrealized gain (loss) on equity securities of $(0.09) million and $0.2 million, respectively. For the six months ended June 30, 2023 and 2022, the Company recognized a net unrealized gain (loss) on equity securities of $(0.06) million and $(1.3) million, respectively, in the other income/expense section of the condensed consolidated statements of operations. On April 27, 2022, the Company purchased a 10% convertible note in aggregate principal amount of approximately $6.1 million for a purchase price of $5.5 million from FOXO Technologies Operating Company, formerly FOXO Technologies Inc. (“FOXO Legacy”), pursuant to the terms of a securities purchase agreement between FOXO Legacy and the Company (the “April 2022 Purchase Agreement”). Interest on the convertible note accrued at 12% per annum. The term of the convertible note is twelve months, however FOXO Legacy has the ability to extend the maturity date for an additional 3 months. The convertible note is subject to certain conversion features which include qualified financing, and/or qualified transaction, as defined in the April 2022 Purchase Agreement. The Company can voluntarily convert the note after 270 days. The note is required to convert upon FOXO Legacy completing a qualified offering. On September 15, 2022, FOXO Legacy consummated a business combination with Delwinds Insurance Acquisition Corp., now known as FOXO Technologies Inc. (“FOXO”), which qualified as a qualified offering as defined in the April 2022 Purchase Agreement. This qualified offering triggered a mandatory conversion of the convertible note to FOXO Legacy common stock which was then automatically converted into 891,124 On June 20, 2023 (the “Release Effective Date”), the Company entered into a general release agreement (the “General Release Agreement”) with FOXO, pursuant to which the Company received 0.67 FOXO common stock is traded in active markets, as the security is trading under “FOXO” on the NYSE American. FOXO common stock is accounted for as available -for-sale | Note 11 — Investment in Equity Securities Investment securities — fair value consist of investments in the Company’s investment in shares and rights of equity securities. The composition of the Company’s investment securities — fair value was as follows (in thousands): December 31, 2022 Cost Fair Value Investments in equity securities – fair value Equity shares $ 54,237 $ 328 Equity rights 11,064 2 Total investments in equity securities – fair value $ 65,301 $ 330 We entered into a note purchase agreement with Sysorex, as amended from time to time, pursuant to which we agreed to loan Sysorex up to an aggregate principal amount of $10.0 million on a revolving credit basis (the “Sysorex Note”). On March 1, 2020, we agreed to extend the maturity date of the note from December 31, 2020 to December 31, 2022. On April 14, 2021, we entered into a Securities Settlement Agreement (the “SSA”) and a Rights Letter Agreement (the “RLA”), with Sysorex, whereby it agreed to satisfy in full its outstanding debt, in the aggregate amount of approximately $9.1 million as of March 31, 2021, owed to the Company, including but, not limited to, amounts outstanding under the Sysorex Note (the “Debt Settlement”). To effect the Debt Settlement, Sysorex agreed to issue to us 12,972,189 shares of its common stock and rights to acquire 3,000,000 shares of its common stock pursuant to the terms of the RLA. The Debt Settlement was entered into in connection with Sysorex’s closing of a reverse triangular merger with TTM Digital Assets & Technologies, Inc. As of December 31, 2022 and 2021 the fair value of the Sysorex shares and rights to acquire shares were $0.01 million and $1.8 million, respectively. On April 27, 2022, the Company purchased a 10% convertible note in aggregate principal amount of $6,050,000 for a purchase price of $5,500,000 from FOXO Technologies Operating Company, formerly FOXO Technologies Inc. (“FOXO Legacy”), pursuant to the terms of a securities purchase agreement between FOXO Legacy and the Company (the “April 2022 Purchase Agreement”). Interest on the convertible note accrues at 12% per annum. The term of the convertible note is twelve months, however FOXO Legacy has the ability to extend the maturity date for an additional 3 months. The convertible note is subject to certain conversion features which include qualified financing, and/or qualified transaction, as defined in the April 2022 Purchase Agreement. The Company can voluntarily convert the note after 270 days. The note is required to convert upon FOXO Legacy completing a qualified offering. On September 15, 2022, FOXO Legacy consummated a business combination with Delwinds Insurance Acquisition Corp., now known as FOXO Technologies Inc. (“FOXO”), which qualified as a qualified offering as defined in the April 2022 Purchase Agreement. This qualified offering triggered a mandatory conversion of the convertible note to FOXO Legacy common stock which was then automatically converted into 891,124 shares of FOXO Class A common stock, par value $0.0001 (“FOXO common stock”) upon closing of the business combination. The Company recognized an unrealized gain on conversion of $0.8 million to be recognized in the statement of operations for the year ended December 31, 2022. FOXO common stock is traded in active markets, as the security is trading under “FOXO” on the NYSE American. FOXO common stock is accounted for as available -for-sale For the years ended December 31, 2022 and 2021, the Company recognized a net unrealized loss on investments in equity securities of $7.9 million and $57.1 million on the statement of operations. |
Software Development Costs, net
Software Development Costs, net | 12 Months Ended |
Dec. 31, 2022 | |
Software Development Costs Net [Abstract] | |
Software Development Costs, net | Note 12 — Software Development Costs, net Capitalized software development costs as of December 31, 2022 and 2021 consisted of the following (in thousands): As of December 31, 2022 2021 Capitalized software development costs $ 5,324 $ 4,463 Accumulated amortization (3,572 ) (2,671 ) Software development costs, net $ 1,752 $ 1,792 Less discontinued operations (487 ) (648 ) Software development costs, continuing operations $ 1,265 $ 1,144 The Company tests its long lived assets for potential impairment at least annually, or more frequently if an event or other circumstance indicates that the Company may not be able to recover the carrying amount of the net assets of the reporting unit. There was no impairment recorded for the years ended December 31, 2022 and 2021. The weighted average remaining amortization period for the Company’s software development costs is 2.4 years. Amortization expense for capitalized software development costs was approximately $1.0 million and $0.9 million for each of the years ended December 31, 2022 and 2021, of which $0.6 million and $0.4 million pertain to discontinued operations. Future amortization expense on the computer software is anticipated to be as follows (in thousands): For the Years Ending December 31, Total Continuing Discontinued 2023 $ 729 $ 466 $ 263 2024 586 437 149 2025 264 189 75 2026 173 173 — 2027 and thereafter — — — Total $ 1,752 $ 1,265 $ 487 |
Goodwill and Intangible Assets
Goodwill and Intangible Assets | 6 Months Ended | 12 Months Ended |
Jun. 30, 2023 | Dec. 31, 2022 | |
Goodwill and Intangible Assets [Abstract] | ||
Goodwill and Intangible Assets | Note 5 — Goodwill and Intangible Assets The Company reviews goodwill for impairment on a reporting unit basis on December 31 of each year and whenever events or changes in circumstances indicate the carrying value of goodwill may not be recoverable. The Company’s significant assumptions in these analyses include, but are not limited to, project revenue, the weighted average cost of capital, the terminal growth rate, derived multiples from comparable market transactions and other market data. As of June 30, 2023, the Company’s cumulative impairment charges are approximately $13.5 million with approximately $11.6 million related to the Indoor Intelligence reporting unit, approximately $1.2 million related to the Shoom reporting unit and approximately $0.7 million related to the SAVES reporting unit. There is no Intangibles assets at June 30, 2023 and December 31, 2022 consisted of the following (in thousands): June 30, 2023 Gross Accumulated Spin-Off Net Remaining IP Agreement $ 164 $ (113 ) $ — $ 51 1.25 Trade Name/Trademarks 1,791 (314 ) (1,367 ) 110 3.50 Customer Relationships 6,206 (902 ) (4,454 ) 850 1.78 Developed Technology 14,766 (1,787 ) (11,466 ) 1,513 4.84 Non-compete Agreements 1,837 (584 ) (1,204 ) 49 0.25 Totals $ 24,764 $ (3,700 ) $ (18,491 ) $ 2,573 December 31, 2022 Gross Accumulated Impairment Spin-Off Net IP Agreement $ 162 $ (91 ) $ — $ — $ 71 Trade Name/Trademarks 3,590 (1,414 ) (593 ) (1,458 ) 125 Webstores & Websites 404 (258 ) (146 ) — — Customer Relationships 9,121 (2,776 ) (749 ) (4,636 ) 960 Developed Technology 21,777 (5,385 ) (2,921 ) (11,781 ) 1,690 Non-compete Agreements 4,270 (2,488 ) (220 ) (1,414 ) 148 Totals $ 39,324 $ (12,412 ) $ (4,629 ) $ (19,289 ) $ 2,994 Amortization Expense: Amortization expense from continuing operations for the three and six months ended June 30, 2023 was approximately $0.2 million and $0.4 million, respectively, and for the three and six months ended June 30, 2022 was approximately $0.4 million and $1.1 million respectively. Future amortization expense on intangibles assets is anticipated to be as follows (in thousands): Amount December 31, 2023 (for 6 months) $ 395 December 31, 2024 686 December 31, 2025 604 December 31, 2026 412 December 31, 2027 325 December 31, 2028 and thereafter 151 $ 2,573 | Note 13 — Goodwill and Intangible Assets The Company reviews goodwill for impairment on a reporting unit basis on December 31 of each year and whenever events or changes in circumstances indicate the carrying value of goodwill may not be recoverable. The Company’s significant assumptions in these analyses include, but are not limited to, project revenue, the weighted average cost of capital, the terminal growth rate, derived multiples from comparable market transactions and other market data. The Company’s goodwill balance and other assets with indefinite lives were evaluated for potential goodwill impairment on a reporting unit basis during the period ended June 30, 2022, as certain indications on a qualitative and a quantitative basis were identified that an impairment exists as of the reporting date primarily from a sustained decrease in their stock price. The Company utilized a mix of both the income and market approaches in determining the fair value of the reporting units. The Company noted that 50% weight was attributed to the income approach and 50% was attributed to the market approach. During the year ended December 31, 2022, the Company recognized approximately $7.6 million of goodwill impairment on Systat, GTX, Nanotron, Jibestream, CXApp, Game Your Game, and IntraNav. During the year ended December 31, 2022, the Company’s cumulative impairment charges are approximately $31.0 million with approximately $29.1 million related to the Indoor Intelligence reporting unit, approximately $1.2 million related to the Shoom reporting unit and approximately $0.7 million related to the SAVES reporting unit. As of December 31, 2021, the Company’s cumulative goodwill impairment charges were approximately $23.4 million with approximately $22.2 million related to the Indoor Intelligence reporting unit and approximately $1.2 million related to the Shoom reporting unit. The following table summarizes the changes in the carrying amount of Goodwill for the year ended December 31, 2022 (in thousands): Segments Saves Indoor Intelligence Impairment Acquisition Systat GTX Nanotron Locality Jibestream CXApp Game Your Game IntraNav Total Less discontinued operations Continuing operations Balance as of January 1, 2021 $ 520 $ 2 $ 3,931 $ 672 $ 1,463 $ — $ — $ — $ 6,588 Goodwill additions through 200 — — — — 17,432 286 482 18,400 Goodwill — (1 ) (2,263 ) (689 ) (967 ) (10,239 ) (307 ) (323 ) (14,789 ) 11,896 (2,893 ) Valuation measurement period (25 ) — (255 ) — — (2,127 ) 174 — (2,233 ) Exchange rate fluctuation at December 31, — — (294 ) 17 (16 ) — — — (293 ) Balance as of December 31, 695 1 1,119 — 480 5,066 153 159 7,673 Less discontinued operations — — — — (480 ) (5,066 ) — — (5,546 ) Balance as of December 31, 2021, continuing operations $ 695 $ 1 $ 1,119 $ — $ — $ — $ 153 $ 159 $ 2,127 Segments Saves Indoor Intelligence Impairment Acquisition Systat GTX Nanotron Locality Jibestream CXApp Game Your Game IntraNav Total Less discontinued operations Continuing operations Balance as of January 1, 2022 $ 695 $ 1 $ 1,119 $ — $ 480 $ 5,066 $ 153 $ 159 $ 7,673 Goodwill (695 ) (1 ) (1,035 ) — (474 ) (5,066 ) (153 ) (147 ) (7,571 ) 5,540 (2,031 ) Exchange rate fluctuation at December 31, — — (84 ) — (6 ) — — (12 ) (102 ) Balance as of December 31, — — — — — — — — — Less discontinued operations — — — — — — — — — Balance as of December 31, 2022, continuing operations $ — $ — $ — $ — $ — $ — $ — $ — $ — As of December 31, 2022 and 2021 there was no Intangible assets at December 31, 2022 and 2021 consisted of the following (in thousands): December 31, 2022 2021 Gross Accumulated Impairment Net Gross Accumulated Net IP Agreement $ 162 $ (91 ) $ — $ 71 $ 172 $ (54 ) $ 118 1.75 Trade Name/Trademarks 3,590 (1,414 ) (593 ) 1,583 $ 3,602 $ (662 ) $ 2,940 4.00 Webstores & Websites 404 (258 ) (146 ) — 404 (123 ) 281 0.00 Customer Relationships 9,121 (2,776 ) (749 ) 5,596 9,294 (1,440 ) 7,854 2.86 Developed Technology 21,777 (5,385 ) (2,921 ) 13,471 22,175 (3,010 ) 19,165 5.22 Non-compete Agreements 4,270 (2,488 ) (220 ) 1,562 4,786 (1,666 ) 3,120 0.74 Totals $ 39,324 $ (12,412 ) $ (4,629 ) $ 22,283 $ 40,433 $ (6,955 ) $ 33,478 Less discontinued operations (26,911 ) 7,621 1 (19,289 ) (27,789 ) 4,321 (23,468 ) Intangible assets, continuing operations $ 12,413 $ (4,791 ) $ (4,628 ) $ 2,994 $ 12,644 $ (2,634 ) $ 10,010 The Company reviews intangible and other long -lived -lived During the year ended December 31, 2022, the Company assessed its long -lived -lived -lived -lived -lived Aggregate Amortization Expense: Aggregate amortization expense for the years ended December 31, 2022 and 2021 were $6.1 million and $5.1 million, respectively, of which $3.9 million and $3.0 million pertain to discontinued operations. Future amortization expense on intangibles assets is anticipated to be as follows (in thousands): For the Years Ending December 31, Total Continuing Discontinued 2023 $ 4,663 $ 837 $ 3,826 2024 3,841 679 3,162 2025 3,430 598 2,832 2026 2,841 408 2,433 2027 2,494 322 2,172 2028 and thereafter 5,014 150 4,864 Total $ 22,283 $ 2,994 $ 19,289 |
Other Long Term Investments
Other Long Term Investments | 6 Months Ended | 12 Months Ended |
Jun. 30, 2023 | Dec. 31, 2022 | |
Other Long Term Investment [Abstract] | ||
Other Long Term Investments | Note 8 — Other Long Term Investments In October 2020, the Company paid $1.8 million for 599,999 Class A Units and 1,800,000 Class B Units of Cardinal Venture Holdings LLC (“CVH”). In December 2020, the Company increased its capital contribution by $0.7 million in exchange for an additional 700,000 Class B Units. The Company is a member of CVH. CVH owns certain interests in KINS Capital, LLC, the sponsor entity (the “Sponsor”) to KINS Technology Group Inc., a Delaware corporation and special purpose acquisition company with which the Company entered into the Business Combination (see “Enterprise Apps Spin -off -off The Company generally records its share of earnings in its equity method investments using a three -month The following component represents components of Other long -term Ownership interest Ownership interest Instrument Investee CVH Class A — % 14.1 % Units CVH Class B 38.4 % 38.4 % Units Inpixon’s investment in equity method eligible entities are represented on the condensed consolidated balance sheets as a long term asset of approximately $0.1 million as of June 30, 2023 and approximately $0.7 million as of December 31, 2022. On July 1, 2022, the Company loaned $150,000 to CVH. The loan bears no interest and is due and payable in full on the earlier of: (i) the date by which KINS has to complete a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses (a “business combination”), and (ii) immediately prior to the date of consummation of the business combination of KINS, unless accelerated upon the occurrence of an event of default. Nadir Ali, the Company’s Chief Executive Officer and director, is also a member in CVH through 3AM, LLC, which is a member of CVH, and which may, in certain circumstances, be entitled to manage the affairs of CVH. As a result of the closing of the Business Combination, on March 15, 2023, the $150,000 loan was repaid. On February 27, 2023, the Company entered into Limited Liability Company Unit Transfer and Joinder Agreements with certain of the Company’s employees and directors (the “Transferees”), pursuant to which (i) the Company transferred all of its Class A Units of CVH (the “Class A Units”), an aggregate of 599,999 Class A Units, to the Transferees as bonus consideration in connection with each Transferee’s services performed for and on behalf of the Company as an employee, as applicable, and (ii) each Transferee became a member of CVH and a party to the Amended and Restated Limited Liability Company Agreement of CVH, dated as of September 30, 2020. The Company recorded approximately $0.7 million of compensation expense for the fair market value of the shares transferred to the Transferees which is included in the operating expenses section of the condensed consolidated statements of operations in the six months ended June 30, 2023. | Note 14 — Other Long Term Investments In 2020, the Company paid $1.8 million for 599,999 Class A Units and 2,500,000 Class B Units of Cardinal Ventures Holdings LLC, a Delaware limited liability (“CVH”). The Company is a member of CVH. CVH owns certain interests in KINS Capital, LLC, the sponsor entity (the “Sponsor”) to KINS Technology Group Inc., a Delaware corporation and special purpose acquisition company (“KINS”) with which the Company entered into the Business Combination (see “Enterprise Apps Spin -off -off The Company generally records its share of earnings in its equity method investments using a three -month The following component represents components of Other long -term Ownership interest as of December 31, 2022 Instrument Held Investee CVH LLC Class A 14.1% Units CVH LLC Class B 38.4% Units The Company performed a valuation over the CVH units and determined that the Company’s investment in CVH is impaired. The Company believes that the impairment is other than temporary, due to the significant difference between the carrying value and fair value and the Company’s plan to dispose of the investment in February 2023, which plan was carried out (See below and see Note 32). Therefore, the Company recognized an impairment on the Company’s investment in CVH of approximately $1.8 million as of December 31, 2022. Inpixon’s investment in equity method eligible entities are represented on the balance sheet as an asset of $0.7 million and $2.5 million as of December 31, 2022 and December 31, 2021, respectively. Ownership interest in equity method eligible entities did not change from the year ended December 31, 2021 to December 31, 2022. On July 1, 2022, the Company loaned $150,000 to CVH. The loan bears no interest and is due and payable in full on the earlier of: (i) the date by which KINS has to complete a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses (a “business combination”), and (ii) immediately prior to the date of consummation of the business combination of KINS, unless accelerated upon the occurrence of an event of default. Nadir Ali, the Company’s Chief Executive Officer and director, is also a member in CVH through 3AM, LLC, which is a member of CVH, and which may, in certain circumstances, be entitled to manage the affairs of CVH. As a result of the closing of the Business Combination, the loan was repaid on March 15, 2023. On February 27, 2023, the Company entered into Limited Liability Company Unit Transfer and Joinder Agreements with certain of the Company’s employees and directors (the “Transferees”), pursuant to which (i) the Company transferred all of its Class A Units of CVH (the “Class A Units”), an aggregate of 599,999 Class A Units, to the Transferees as bonus consideration in connection with each Transferee’s services performed for and on behalf of the Company as an employee, as applicable, and (ii) each Transferee became a member of CVH and a party to the Amended and Restated Limited Liability Company Agreement of CVH, dated as of September 30, 2020. |
Deferred Revenue
Deferred Revenue | 12 Months Ended |
Dec. 31, 2022 | |
Deferred Revenue [Abstract] | |
Deferred Revenue | Note 15 — Deferred Revenue Deferred revenue as of December 31, 2022 and 2021 consisted of the following (in thousands): As of December 31, 2022 2021 Deferred Revenue Maintenance agreements $ 3,235 $ 4,183 Service agreements 250 622 Total Deferred Revenue $ 3,485 $ 4,805 Less discontinued operations (2,162 ) (3,145 ) Deferred Revenue, Continued Operations $ 1,323 $ 1,660 The fair value of the deferred revenue approximates the services to be rendered. |
Accrued Liabilities
Accrued Liabilities | 6 Months Ended | 12 Months Ended |
Jun. 30, 2023 | Dec. 31, 2022 | |
Accrued Liabilities [Abstract] | ||
Accrued Liabilities | Note 9 — Accrued Liabilities Accrued liabilities as of June 30, 2023 and December 31, 2022 consisted of the following (in thousands): As of As of Accrued compensation and benefits $ 903 $ 655 Accrued interest expense 1,050 1,197 Accrued bonus and commissions 432 426 Accrued transaction costs 2,075 — Accrued other 667 105 Accrued sales and other indirect taxes payable 247 236 $ 5,374 $ 2,619 | Note 16 — Accrued Liabilities Accrued liabilities as of December 31, 2022 and December 31, 2021 consisted of the following (in thousands): As of December 31, 2022 2021 Accrued compensation and benefits $ 1,242 $ 8,027 Accrued interest expense 1,197 1,012 Accrued bonus and commissions 848 597 Accrued other 746 707 Accrued sales and other indirect taxes payable 322 322 $ 4,355 $ 10,665 Less discontinued operations (1,736 ) (7,882 ) Accrued liabilities, continuing operations $ 2,619 $ 2,783 |
Debt
Debt | 6 Months Ended | 12 Months Ended |
Jun. 30, 2023 | Dec. 31, 2022 | |
Debt [Abstract] | ||
Debt | Note 10 — Debt Debt as of June 30, 2023 and December 31, 2022 consisted of the following (in thousands): Short-Term Debt Maturity June 30, December 31, July 2022 Promissory Note, less debt discount and extension fee of $85 and $760, respectively 5/17/2024 $ 4,231 $ 6,045 December 2022 Promissory Note, less debt discount and extension fee of $1,013 and $1,880, respectively 5/17/2024 8,366 6,520 Third Party Note Payable 9/30/2023 1,203 1,078 Total Short-Term Debt $ 13,800 $ 13,643 Interest expense on the short -term Notes Payable July 2022 Note Purchase Agreement and Promissory Note On July 22, 2022, the Company entered into a note purchase agreement (the “Purchase Agreement”) with Streeterville Capital, LLC (the “Holder” or “Streeterville”), pursuant to which the Company agreed to issue and sell to the Holder an unsecured promissory note (the “July 2022 Note”) in an aggregate initial principal amount of $6.5 million (the “Initial Principal Amount”), which is payable on the maturity date or otherwise in accordance with the July 2022 Note. The Initial Principal Amount includes an original issue discount of $1.5 million and $0.02 million that the Company agreed to pay to the Holder to cover the Holder’s legal fees, accounting costs, due diligence, monitoring and other transaction costs. In exchange for the Note, the Holder paid an aggregate purchase price of $5.0 million. Interest on the Note accrued at a rate of 10% per annum, which is payable on the maturity date. We may pay all or any portion of the amount owed earlier than it is due; provided that in the event we may elect to prepay all or any portion of the outstanding balance, it shall pay to the Holder 115% of the portion of the outstanding balance we may elect to prepay. Beginning on the date that is 6 months from the issue date and at the intervals indicated below until the Note is paid in full, the Holder shall have the right to redeem up to an aggregate of 1/3 of the initial principal balance of the Note for cash each month. The July 2022 Note includes customary event of default provisions, subject to certain cure periods, and provides for a default interest rate of 22%. Upon the occurrence of an event of default (except default due to the occurrence of bankruptcy or insolvency proceedings), the Holder may, by written notice, declare all unpaid principal, plus all accrued interest and other amounts due under the July 2022 Note to be immediately due and payable. Upon the occurrence of bankruptcy -related During the quarter ended March 31, 2023, the Company entered into exchange agreements with Streeterville, pursuant to which the Company and Streeterville agreed to: (i) partition new promissory notes in the form of the July 2022 Note equal to approximately $0.5 million and then cause the outstanding balance of the July 2022 Note to be reduced by approximately $0.5 million; and (ii) exchange the partitioned notes for the delivery of 935,976 On May 16, 2023, the Company entered into an amendment (the “July 2022 Note Amendment”) to the July 2022 Note pursuant to which the maturity date was extended from July 22, 2023 to May 17, 2024 (the “July 2022 Note Maturity Date Extension”). In exchange for the July 2022 Note Maturity Date Extension, the Company agreed to pay Streeterville an extension fee in the amount of $0.1 million, which was added to the outstanding balance of the July 2022 Note. The extension was treated as a modification and capitalized and amortized to interest expense over the term of the extension. During the quarter ended June 30, 2023, the Company entered into exchange agreements with Streeterville, pursuant to which the Company and Streeterville agreed to: (i) partition new promissory notes in the form of the July 2022 Note equal to approximately $2.0 million and then cause the outstanding balance of the July 2022 Note to be reduced by approximately $2.0 million; and (ii) exchange the partitioned notes for the delivery of 7,349,420 December 2022 Note Purchase Agreement and Promissory Note On December 30, 2022, we entered into a note purchase agreement with Streeterville Capital, LLC (the “Holder”), pursuant to which we agreed to issue and sell to the Holder an unsecured promissory note (the “December 2022 Note”) in an aggregate initial principal amount of $8.4 million, which is payable on or before the date that is 12 months from the issuance date. The initial principal amount of includes an original issue discount of $1.9 million and $0.02 million that we agreed to pay to the Holder to cover the Holder’s legal fees, accounting costs, due diligence, monitoring and other transaction costs. In exchange for the Note, the Holder paid an aggregate purchase price of $6.5 million. Interest on the December 2022 Note accrues at a rate of 10% per annum and is payable on the maturity date or otherwise in accordance with the December 2022 Note. We may pay all or any portion of the amount owed earlier than it is due; provided that in the event we may elect to prepay all or any portion of the outstanding balance, it shall pay to the Holder 115% of the portion of the outstanding balance we may elect to prepay. Beginning on the date that is 6 months from the issuance date and at the intervals indicated below until the December 2022 Note is paid in full, the Holder shall have the right to redeem up to an aggregate of 1/6 th Upon receipt of any monthly redemption notice, we shall pay the applicable monthly redemption amount in cash to the Holder within five (5) business days of the Company’s receipt of such monthly redemption notice. The December 2022 Note includes customary event of default provisions, subject to certain cure periods, and provides for a default interest rate of 22%. Upon the occurrence of an event of default (except default due to the occurrence of bankruptcy or insolvency proceedings), the Holder may, by written notice, declare all unpaid principal, plus all accrued interest and other amounts due under the December 2022 Note to be immediately due and payable. Upon the occurrence of bankruptcy -related On May 16, 2023, the Company entered into an amendment (the “December 2022 Note Amendment”) to the December 2022 Note pursuant to which the maturity date of the December 2022 Note was extended from December 30, 2023 to May 17, 2024 (the “December 2022 Note Maturity Date Extension”). In exchange for the December 2022 Note Maturity Date Extension, the Company agreed to pay the Holder an extension fee in the amount of $0.1 million which was added to the outstanding balance of the December 2022 Note. This extension was treated as a modification and capitalized and amortized to interest expense over the term of the extension. Third Party Note Payable Game Your Game entered into promissory notes with an individual whereby it received approximately $0.2 million on October 29, 2021, approximately $0.2 million on January 18, 2022, approximately $0.1 million on March 22, 2022, approximately $0.1 million on August 26, 2022, approximately $0.1 million on September 16, 2022, approximately $0.1 million on October 26, 2022, approximately $0.1 million on November 29, 2022, approximately $0.1 million on December 22, 2022, approximately $0.03 million on January 18, 2023 and approximately $0.1 million on March 30, 2023 for funding of outside liabilities and working capital needs. All of the promissory notes have an interest rate of 8% and are due on or before September 30, 2023. As of June 30, 2023, the balance owed under the notes was $1.2 million. | Note 17 — Debt Debt as of December 31, 2022 and 2021 consisted of the following (in thousands): Short-Term Debt Maturity 2022 2021 March 2020 10% Note 3/18/2023 $ — $ 3,251 July 2022 Promissory Note (net of $760 debt discount) 7/22/2023 6,045 — Dec 2022 Promissory Note (net of $1,880 debt discount) 12/30/2023 6,520 — Third party note payable 6/30/2023 1,078 239 Total Short-Term Debt $ 13,643 $ 3,490 Interest expense on the short -term Notes Payable March 2020 10% Note Purchase Agreement and Promissory Note On March 18, 2020, the Company entered into a note purchase agreement with Iliad, pursuant to which the Company agreed to issue and sell to the holder an unsecured promissory note (the “March 2020 10% Note”) in an aggregate initial principal amount of $6.5 million, which is payable on or before the date that is 12 months from the issuance date. The initial principal amount includes an original issue discount of $1.5 million and $0.02 million that the Company agreed to pay to the holder to cover the holder’s legal fees, accounting costs, due diligence, monitoring and other transaction costs. In exchange for the March 2020 10% Note, the holder paid an aggregate purchase price of $5.0 million. Interest on the March 2020 10% Note accrues at a rate of 10% per annum and is payable on the maturity date or otherwise in accordance with the March 2020 10% Note. The Company may pay all or any portion of the amount owed earlier than it is due; provided, that in the event the Company elects to prepay all or any portion of the outstanding balance, it shall pay to the holder 115% of the portion of the outstanding balance the Company elects to prepay. Beginning on the date that is 6 months from the issuance date and at the intervals indicated below until the March 2020 10% Note is paid in full, the holder shall have the right to redeem up to an aggregate of 1/3 of the initial principal balance of the March 2020 10% Note each month by providing written notice delivered to the Company; provided, however, that if the holder does not exercise any monthly redemption amount in its corresponding month then such monthly redemption amount shall be available for the holder to redeem in any future month in addition to such future month’s monthly redemption amount. Upon receipt of any monthly redemption notice, the Company shall pay the applicable monthly redemption amount in cash to the holder within five -related On February 11, 2021, the Company entered into an exchange agreement with Iliad, pursuant to which the Company and Iliad agreed to: (i) partition a new promissory note in the form of the March 2020 10% Note equal to $1.5 million and then cause the outstanding balance of the March 2020 10% Note to be reduced by $1.5 million; and (ii) exchange the partitioned note for the delivery of 11,919 The Company entered into an exchange agreement with Iliad which afforded a free trading date of July 1, 2021, pursuant to which the Company and Iliad agreed to: (i) partition a new promissory note in the form of the March 2020 10% Note equal to $1.0 million and then cause the outstanding balance of the March 2020 10% Note to be reduced by $1.0 million; and (ii) exchange the partitioned note for the delivery of 11,696 On February 1, 2022, the Company entered into an exchange agreement with Iliad, pursuant to which the Company and Iliad agreed to: (i) partition a new promissory note in the form of the March 2020 10% Note equal to $0.5 million and then cause the outstanding balance of the March 2020 10% Note to be reduced by $0.5 million; and (ii) exchange the partitioned note for the delivery of 15,889 On February 18, 2022, the Company entered into an exchange agreement with Iliad, pursuant to which the Company and Iliad agreed to: (i) partition a new promissory note in the form of the March 2020 10% Note equal to $0.4 million and then cause the outstanding balance of the March 2020 10% Note to be reduced by $0.4 million; and (ii) exchange the partitioned note for the delivery of 12,885 On March 15, 2022, the Company entered into an exchange agreement with Iliad, pursuant to which the Company and Iliad agreed to: (i) partition a new promissory note in the form of the March 2020 10% Note equal to $0.7 million and then cause the outstanding balance of the March 2020 10% Note to be reduced by $0.7 million; and (ii) exchange the partitioned note for the delivery of 28,698 Effective as of March 16, 2022, we entered into a third amendment (the “Third Amendment”) to the March 2020 10% Note which was accounted for as a modification. Pursuant to the terms of the Third Amendment, the maturity date of the March 2020 10% Note was extended from March 18, 2022 to March 18, 2023 (the “Maturity Date Extension”). In exchange for the Maturity Date Extension, we agreed to pay a 2% extension fee in the amount of approximately $0.06 million (the “Extension Fee”), which was added to the outstanding balance of the March 2020 10% Note. On May 17, 2022, the Company entered into an exchange agreement with Iliad, pursuant to which the Company and Iliad agreed to: (i) partition a new promissory note in the form of the March 2020 10% Note equal to approximately $0.3 million and then cause the outstanding balance of the March 2020 10% Note to be reduced by approximately $0.3 million; and (ii) exchange the partitioned note for the delivery of 15,256 On May 31, 2022, the Company entered into an exchange agreement with Iliad, pursuant to which the Company and Iliad agreed to: (i) partition a new promissory note in the form of the March 2020 10% Note equal to approximately $0.3 million and then cause the outstanding balance of the March 2020 10% Note to be reduced by approximately $0.3 million; and (ii) exchange the partitioned note for the delivery of 19,806 On July 1 2022, the Company entered into an exchange agreement with Iliad, pursuant to which the Company and Iliad agreed to: (i) partition a new promissory note in the form of the March 2020 10% Note equal to approximately $0.4 million and then cause the outstanding balance of the March 2020 10% Note to be reduced by approximately $0.4 million; and (ii) exchange the partitioned note for the delivery of 32,074 On July 11, 2022, the Company entered into an exchange agreement with Iliad, pursuant to which the Company and Iliad agreed to: (i) partition a new promissory note in the form of the March 2020 10% Note equal to approximately $0.4 million and then cause the outstanding balance of the March 2020 10% Note to be reduced by approximately $0.4 million; and (ii) exchange the partitioned note for the delivery of 33,949 On August 4, 2022, the Company entered into an exchange agreement with Iliad, pursuant to which the Company and Iliad agreed to: (i) partition a new promissory note in the form of the March 2020 10% Note equal to approximately $0.3 million and then cause the outstanding balance of the March 2020 10% Note to be reduced by approximately $0.3 million; and (ii) exchange the partitioned note for the delivery of 25,691 On September 9, 2022, the Company entered into an exchange agreement with Iliad, pursuant to which the Company and Iliad agreed to: (i) partition a new promissory note in the form of the March 2020 10% Note equal to approximately $0.2 million and then cause the outstanding balance of the March 2020 10% Note to be reduced by approximately $0.2 million; and (ii) exchange the partitioned note for the delivery of 19,871 On October 17, 2022, the Company entered into an exchange agreement with Iliad, pursuant to which the Company and Iliad agreed to: (i) partition a new promissory note in the form of the March 2020 10% Note equal to approximately $0.4 million and then cause the outstanding balance of the March 2020 10% Note to be reduced by approximately $0.4 million; and (ii) exchange the partitioned note for the delivery of 83,682 Subsequent to year end, the Company entered into additional exchange agreements with Illiad and the note has been satisfied in full. See Note 32 for details. July 2022 Note Purchase Agreement and Promissory Note On July 22, 2022, the Company entered into a note purchase agreement (the “Purchase Agreement”) with Streeterville Capital, LLC (the “Holder”), pursuant to which the Company agreed to issue and sell to the Holder an unsecured promissory note (the “July 2022 Note”) in an aggregate initial principal amount of $6.5 million (the “Initial Principal Amount”), which is payable on or before the date that is 12 months from the issuance date (the “Maturity Date”). The Initial Principal Amount includes an original issue discount of $1.5 million and $0.02 million that the Company agreed to pay to the Holder to cover the Holder’s legal fees, accounting costs, due diligence, monitoring and other transaction costs. In exchange for the Note, the Holder paid an aggregate purchase price of $5.0 million (the “Transaction”). Interest on the Note accrued at a rate of 10% per annum, which is payable on the maturity date. We may pay all or any portion of the amount owed earlier than it is due; provided that in the event we may elect to prepay all or any portion of the outstanding balance, it shall pay to the Holder 115% of the portion of the outstanding balance we may elect to prepay. Beginning on the date that is 6 months from the issue date and at the intervals indicated below until the Note is paid in full, the Holder shall have the right to redeem up to an aggregate of 1/3 of the initial principal balance of the Note for cash each month. The July 2022 Note includes customary event of default provisions, subject to certain cure periods, and provides for a default interest rate of 22%. Upon the occurrence of an event of default (except default due to the occurrence of bankruptcy or insolvency proceedings), the Holder may, by written notice, declare all unpaid principal, plus all accrued interest and other amounts due under the July 2022 Note to be immediately due and payable. Upon the occurrence of bankruptcy -related -rata December 2022 Note Purchase Agreement and Promissory Note On December 30, 2022, we entered into a note purchase agreement with Streeterville Capital, LLC (the “Holder”), pursuant to which we agreed to issue and sell to the Holder an unsecured promissory note (the “December 2022 Note”) in an aggregate initial principal amount of $8.4 million, which is payable on or before the date that is 12 months from the issuance date. The initial principal amount of includes an original issue discount of $1.9 million and $0.02 million that we agreed to pay to the Holder to cover the Holder’s legal fees, accounting costs, due diligence, monitoring and other transaction costs. In exchange for the Note, the Holder paid an aggregate purchase price of $6.5 million. Interest on the December 2022 Note accrues at a rate of 10% per annum and is payable on the maturity date or otherwise in accordance with the December 2022 Note. We may pay all or any portion of the amount owed earlier than it is due; provided that in the event we may elect to prepay all or any portion of the outstanding balance, it shall pay to the Holder 115% of the portion of the outstanding balance we may elect to prepay. Beginning on the date that is 6 months from the issuance date and at the intervals indicated below until the December 2022 Note is paid in full, the Holder shall have the right to redeem up to an aggregate of 1/6 th Upon receipt of any monthly redemption notice, we shall pay the applicable monthly redemption amount in cash to the Holder within five (5) business days of the Company’s receipt of such monthly redemption notice. The December 2022 Note includes customary event of default provisions, subject to certain cure periods, and provides for a default interest rate of 22%. Upon the occurrence of an event of default (except default due to the occurrence of bankruptcy or insolvency proceedings), the Holder may, by written notice, declare all unpaid principal, plus all accrued interest and other amounts due under the December 2022 Note to be immediately due and payable. Upon the occurrence of bankruptcy -related Third Party Notes Payable Game Your Game, the Company’s subsidiary, entered into promissory notes with an individual whereby it received approximately $0.2 million on October 29, 2021, approximately $0.2 million on January 18, 2022, approximately $0.1 million on March 22, 2022, approximately $0.1 million on August 17, 2022, approximately $0.1 million on September 21, 2022, approximately $0.1 million on October 26, 2022, approximately $0.1 million on November 29, 2022, and approximately $0.1 million on December 22, 2022 for funding of liabilities and working capital needs. All of the promissory notes have an interest rate of 8% and are due on or before June 30, 2023. As of December 31, 2022 the balance owed under the notes was $1.1 million. |
Capital Raises
Capital Raises | 6 Months Ended | 12 Months Ended |
Jun. 30, 2023 | Dec. 31, 2022 | |
Capital Raises [Abstract] | ||
Capital Raises | Note 11 — Capital Raises Registered Direct Offerings On March 22, 2022, the Company entered into a Securities Purchase Agreement with certain institutional investors named therein, pursuant to which the Company sold in a registered direct offering (i) 53,197.7234 Between March 15, 2022 and March 22, 2022, the Company received cash redemption notices from the holders of the Series 7 Convertible Preferred Stock issued on September 15, 2021, totaling 49,250 (“shared holders”). The Company accounted for proceeds of the shared holders as a modification to the Series 7 and Series 8 Convertible Preferred Stock, as well as the related embedded warrants. The total change in fair value as a result of modification related to the Preferred Stock amounted to $2.6 million which were recognized as a deemed dividend at the date of the modification, upon which was amortized until the redemption period began on October 1, 2022. The total change in fair value as a result of modification related to the embedded warrants amounted to $1.5 million which was recognized as a deemed contribution at the date of the modification, upon which was accreted until the redemption period began on October 1, 2022. On July 22, 2022, the Company entered into an Equity Distribution Agreement (the “Sales Agreement”) with Maxim Group LLC (“Maxim”) under which the Company may offer and sell shares of its common stock having an aggregate offering price of up to $25.0 million (the “Shares”) from time to time through Maxim, acting exclusively as the Company’s sales agent (the “ATM Offering”). On June 13, 2023, the Company entered into an amendment to the Sales Agreement with Maxim, pursuant to which the aggregate offering price of the ATM Offering was increased from $25.0 million to approximately $27.4 million. The Company intends to use the net proceeds of the ATM Offering primarily for working capital and general corporate purposes. During the six months ended June 30, 2023, the Company sold 28,981,729 -third -month -3 | Note 18 — Capital Raises Registered Direct Offerings On January 24, 2021, the Company entered into a Securities Purchase Agreement with an institutional investor, pursuant to which it sold and issued in a registered direct offering, 77,334 -funded -funded -funded -funded On February 12, 2021, the Company entered into a Securities Purchase Agreement with an institutional investor, pursuant to which it sold and issued in a registered direct offering, 93,334 -funded -funded Warrant and First February 2021 Pre -funded -funded On February 16, 2021, the Company entered into a Securities Purchase Agreement with an institutional investor, pursuant to which the Company sold and issued in a registered direct offering, 40,000 -funded -funded -funded -funded On September 13, 2021, the Company entered into a Securities Purchase Agreement with certain institutional investors named therein, pursuant to which the Company sold in a registered direct offering (i) 58,750 -month On March 22, 2022, the Company entered into a Securities Purchase Agreement with certain institutional investors named therein, pursuant to which the Company sold in a registered direct offering (i) 53,197.7234 Each share of Series 8 Convertible Preferred Stock has a par value of $0.001 per share and stated value of $1,000 per share. The shares of Series 8 Convertible Preferred Stock are convertible into shares of the Company’s common stock, at a conversion price of $35.38 per share. Each share of Series 8 Convertible Preferred Stock is entitled to receive cumulative dividends, payable in the same form as dividends paid on shares of the Company’s common stock. At any time beginning on October 1, 2022 and ending ninety 90 days thereafter, the holders of the Series 8 Convertible Preferred Stock have the right to redeem all or part of the shares held by such holder in cash for the redemption price equal to the stated value of such share, plus all accrued but unpaid dividends thereon and all liquidated damages and other costs, expenses or amounts due. Upon redemption, the holder of the Series 8 Convertible Preferred Stock will forfeit 50% of the warrants issued in connection therewith. The holders of the Series 8 Convertible Preferred Stock shall vote together with all other classes and series of stock of the Company as a single class on all actions to be taken by the stockholders of the Company. The Series 8 Convertible Preferred Stock and related warrants subject to forfeiture are recorded as Mezzanine Equity in the accompanying balance sheets as the holder has the option to redeem these shares for cash and the warrants are an embedded feature for the Series 8 Convertible Preferred Stock. The remaining warrants that are not subject to forfeiture are recorded within Stockholders’ Equity as the remaining warrants are classified as freestanding instruments containing a total value of $5.6 million. The aggregate net proceeds from the offering, after deducting the placement agent fees and other estimated offering expenses, were approximately $46.9 million. See Note 20 for Preferred Stock and Note 23 for Warrant details. During the quarter ended December 31, 2022, the Company received cash redemption notices from the holders of the Series 8 Convertible Preferred Stock issued on March 22, 2022, totaling 53,197.72 Between March 15, 2022 and March 22, 2022, the Company received cash redemption notices from the holders of the Series 7 Convertible Preferred Stock issued on September 15, 2021, totaling 49,250 On July 22, 2022, the Company entered into an Equity Distribution Agreement (the “Sales Agreement”) with Maxim Group LLC (“Maxim”) under which the Company may offer and sell shares of its common stock having an aggregate offering price of up to $25 million (the “Shares”) from time to time through Maxim, acting exclusively as the Company’s sales agent (the “Offering”). The Company intends to use the net proceeds of the Offering primarily for working capital and general corporate purposes. The Company did not make any sales pursuant to the Sales Agreement as of December 31, 2022, however, has raised gross proceeds of approximately $15.4 million under the Sales Agreement as of March 14, 2023. On October 18, 2022, the Company entered into a Securities Purchase Agreement (the “Purchase Agreement”) with an institutional investor named therein (the “Purchaser”), pursuant to which the Company agreed to issue and sell, in a registered direct offering, 253,112 five Company also offered and sold to the Purchaser pre -funded -funded -funded -funded -funded -funded -funded |
Common Stock
Common Stock | 6 Months Ended | 12 Months Ended |
Jun. 30, 2023 | Dec. 31, 2022 | |
Common Stock [Abstract] | ||
Common Stock | Note 12 — Common Stock During the three months ended March 31, 2023, the Company issued 1,547,234 . During the three months ended March 31, 2023, the Company issued 9,655,207 e . During the three months ended March 31, 2023, the Company issued 1,380,000 -funded During the three months ended March 31, 2023, the Company issued 324,918 . During the three months ended June 30, 2023, the Company issued 7,349,420 . During the three months ended June 30, 2023, the Company issued 19,326,522 e . | Note 19 — Common Stock During the three months ended March 31, 2021, the Company issued 11,919 During the three months ended March 31, 2021, the Company issued 210,668 During the three months ended March 31, 2021, the Company issued 67 During the three months ended March 31, 2021, the Company issued 420,071 -Funded During the three months ended June 30, 2021, the Company issued 15,722 During the three months ended June 30, 2021, the Company issued 4,928 ( During the three months ended June 30, 2021, the Company issued 117,995 During the three months ended June 30, 2021, the Company issued 62,308 During the three months ended June 30, 2021, the Company issued 6 During the three months ended September 30, 2021, the Company issued 11,696 During the three months ended September 30, 2021, 9,500 During the three months ended September 30, 2021, 4,500 During the three months ended December 31, 2021, 2,038 On January 28, 2022, the Company entered into an exchange agreement with the holder of certain existing warrants which were exercisable for an aggregate of 657,402 On February 19, 2022, 12,802 On March 3, 2022, the Company issued 144,986 During the three months ended March 31, 2022, the Company issued 57,472 During the three months ended June 30, 2022, the Company issued 35,062 During the three months ended September 30, 2022, the Company issued 111,585 On October 12, 2022, the Company issued 52,513 On October 17, 2022, the Company issued 83,682 On October 18, 2022, the Company entered into a Securities Purchase Agreement with an institutional investor, pursuant to which the Company agreed to issue and sell, in a registered direct offering, 253,112 During the three months ended December 31, 2022, the Company issued 930,990 -funded |
Preferred Stock
Preferred Stock | 6 Months Ended | 12 Months Ended |
Jun. 30, 2023 | Dec. 31, 2022 | |
Preferred Stock [Abstract] | ||
Preferred Stock | Note 13 — Preferred Stock The Company is authorized to issue up to 5,000,000 Series 4 Convertible Preferred Stock On April 20, 2018, the Company filed with the Secretary of State of the State of Nevada the Certificate of Designation that created the Series 4 Convertible Preferred Stock (“Series 4 Preferred”), authorized 10,415 -voting As of June 30, 2023, there was 1 Series 5 Convertible Preferred Stock On January 14, 2019, the Company filed with the Secretary of State of the State of Nevada the Certificate of Designation that created the Series 5 Convertible Preferred Stock, authorized 12,000 -voting As of June 30, 2023, there were 126 Series 7 Convertible Preferred Stock On September 13, 2021, the Company entered into a securities purchase agreement with certain institutional investors named therein, pursuant to which the Company agreed to issue and sell in a registered direct offering (i) up to 58,750 Between March 15, 2022 and March 22, 2022, the Company received cash redemption notices from the holders of the Series 7 Convertible Preferred Stock issued on September 15, 2021, totaling 49,250 As of June 30, 2023, there were zero shares of Series 7 Convertible Preferred Stock outstanding. Series 8 Convertible Preferred Stock On March 22, 2022, the Company entered into a securities purchase agreement with certain institutional investors named therein, pursuant to which the Company agreed to issue and sell in a registered direct offering (i) up to 53,197.7234 During the quarter ended December 31, 2022, the Company received cash redemption notices from the holders of the Series 8 Convertible Preferred Stock issued on March 22, 2022, totaling 53,197.72 As of June 30, 2023, there were zero shares of Series 8 Convertible Preferred Stock outstanding. | Note 20 — Preferred Stock The Company is authorized to issue up to 5,000,000 Series 4 Convertible Preferred Stock On April 20, 2018, the Company filed with the Secretary of State of the State of Nevada the Certificate of Designation that created the Series 4 Convertible Preferred Stock (“Series 4 Preferred”), authorized 10,415 -voting As of December 31, 2022, there was 1 Series 5 Convertible Preferred Stock On January 14, 2019, the Company filed with the Secretary of State of the State of Nevada the Certificate of Designation that created the Series 5 Convertible Preferred Stock, authorized 12,000 -voting As of December 31, 2022, there were 126 Series 7 Convertible Preferred Stock On September 13, 2021, the Company filed the Certificate of Designation with the Secretary of State of the State of Nevada, amending the Company’s Articles of Incorporation, as amended, by establishing the Series 7 Convertible Preferred Stock, consisting of 58,750 authorized shares, $0.001 par value per share and $1,000 stated value per share. The holders of the Series 7 Convertible Preferred Stock have full voting rights and powers, except as otherwise required by the Articles of Incorporation, as amended, or applicable law. The holders of Series 7 Convertible Preferred Stock shall vote together with all other classes and series of stock of the Company as a single class on all actions to be taken by the stockholders of the Company. Each holder of the Series 7 Convertible Preferred Stock shall be entitled to the number of votes equal to the number of shares of common stock into which the Series 7 Convertible Preferred Stock then held by such holder could be converted on the record date for the vote which is being taken, provided, however, that the voting power of a holder together with its Attribution Parties (as defined in the Certificate of Designation), may not exceed 19.99% (or such greater percentage allowed by the Nasdaq Listing Rules without any shareholder approval requirements). The Series 7 Convertible Preferred Stock is convertible into the number of shares of common stock, determined by dividing the aggregate stated value of the Series 7 Convertible Preferred Stock of $1,000 per share to be converted by $93.75. On September 13, 2021, the Company entered into a Securities Purchase Agreement (the “Purchase Agreement”) with certain institutional investors named therein, pursuant to which the Company agreed to issue and sell in a registered direct offering (i) up to 58,750 During the year ended December 31, 2021, 9,500 Between March 15, 2022 and March 22, 2022, the Company received cash redemption notices from the holders of the Series 7 Convertible Preferred Stock issued on September 15, 2021, totaling 49,250 As of December 31, 2022 there were zero shares of Series 7 Convertible Preferred stock outstanding. Series 8 Convertible Preferred Stock On March 22, 2022, the Company filed a Certificate of Designation with the Secretary of State of the State of Nevada, amending the Company’s Articles of Incorporation, as amended, by establishing the Series 8 Convertible Preferred Stock, consisting of 53,197.7234 authorized shares, $0.001 par value per share and $1,000 stated value per share. The holders of the Series 8 Convertible Preferred Stock have full voting rights and powers, except as otherwise required by the Articles of Incorporation, as amended, or applicable law. The holders of Series 8 Convertible Preferred Stock are entitled to vote together with all other classes and series of stock of the Company as a single class on all actions to be taken by the stockholders of the Company. Each holder of the Series 8 Convertible Preferred Stock is entitled to the number of votes equal to the number of shares of common stock into which the Series 8 Convertible Preferred Stock then held by such holder could be converted on the record date for the vote which is being taken, provided, however, that the voting power of a holder together with its Attribution Parties (as defined in the Certificate of Designation), may not exceed 19.99% (or such greater percentage allowed by the Nasdaq Listing Rules without any shareholder approval requirements). The Series 8 Convertible Preferred Stock is convertible into the number of shares of common stock, determined by dividing the aggregate stated value of the Series 8 Convertible Preferred Stock of $1,000 per share to be converted by $35.38. On March 22, 2022, the Company entered into a securities purchase agreement with certain institutional investors named therein, pursuant to which the Company agreed to issue and sell in a registered direct offering (i) up to 53,197.7234 During three months ended December 31 2022, the Company received cash redemption notices from the holders of the Series 8 Convertible Preferred Stock issued on March 22, 2022, totaling 53,197.72 As of December 31, 2022, there were zero shares of Series 8 Convertible Preferred Stock outstanding. |
Authorized Share Increase and R
Authorized Share Increase and Reverse Stock Split | 12 Months Ended |
Dec. 31, 2022 | |
Authorized Share Increase and Reverse Stock Split [Abstract] | |
Authorized Share Increase and Reverse Stock Split | Note 21 — Authorized Share Increase and Reverse Stock Split On October 4, 2022, the Company filed a certificate of change with the Secretary of State of the State of Nevada to effect a reverse stock split of the Company’s authorized and issued and outstanding shares of common stock, at a ratio of one (1) share of common stock for every seventy five (75) shares of common stock effective as of October 7, 2022 (the “Reverse Stock Split”). The Reverse Stock Split did not alter the par value of the Company’s common stock or modify any voting rights or other terms of the common stock. The Reverse Stock Split was primarily intended to bring the Company into compliance with the minimum bid price requirements for maintaining its listing on the Nasdaq Capital Market. The Company has reflected the Reverse Stock Split on a retroactive basis herein, unless otherwise indicated. The Company filed a certificate of amendment to the Company’s articles of incorporation, as amended, with the Secretary of State of the State of Nevada to increase the number of authorized shares of Common Stock from 26,666,667 to 500,000,000 |
Stock Award Plans and Stock-Bas
Stock Award Plans and Stock-Based Compensation | 6 Months Ended | 12 Months Ended |
Jun. 30, 2023 | Dec. 31, 2022 | |
Stock Award Plans and Stock-Based Compensation [Abstract] | ||
Stock Award Plans and Stock-Based Compensation | Note 14 — Stock Award Plans and Stock-Based Compensation In September 2011, the Company adopted the 2011 Employee Stock Incentive Plan (the “2011 Plan”) which provides for the granting of incentive and non -statutory -employee In February 2018, the Company adopted the 2018 Employee Stock Incentive Plan (the “2018 Plan” and together with the 2011 Plan, the “Option Plans”), which is utilized for employees, corporate officers, directors, consultants and other key persons employed. The 2018 Plan provides for the granting of incentive stock options, NQSOs, stock grants and other stock -based Incentive stock options granted under the Option Plans are granted at exercise prices not less than 100% of the estimated fair market value of the underlying common stock at date of grant. The exercise price per share for incentive stock options may not be less than 110% of the estimated fair value of the underlying common stock on the grant date for any individual possessing more that 10% of the total outstanding common stock of the Company. Options granted under the Option Plans vest over periods ranging from immediately to four ten The aggregate number of shares that may be awarded under the 2018 Plan as of June 30, 2023 is 52,714,178. As of June 30, 2023, 289,818 of stock options were granted to employees, directors and consultants of the Company (including 1 Employee Stock Options During the three months ended June 30, 2023 and 2022, the Company recorded a charge for the amortization of stock options of approximately $0.2 million and $0.7 million, respectively, and approximately $0.5 million and $1.6 million, respectively, for the six months ended June 30, 2023 and 2022, which is included in the general and administrative section of the condensed consolidated statement of operations. As of June 30, 2023, the fair value of non -vested See below for a summary of the stock options granted under the 2011 and 2018 plans: 2011 2018 Non Total Beginning balance as of January 1, 2023 57 351,529 1 351,587 Granted — — — — Exercised — — — — Expired (10 ) (52,486 ) — (52,496 ) Forfeited — (9,273 ) — (9,273 ) Ending balance as of June 30, 2023 47 289,770 1 289,818 The fair value of each employee option grant is estimated on the date of the grant using the Black -Scholes -pricing no The expected stock price volatility for the Company’s stock options was determined by the historical volatilities for industry peers and used an average of those volatilities. The Company attributes the value of stock -based -line Restricted Stock Awards On February 19, 2022, 12,802 restricted stock grants were forfeited for employee taxes. During the three months ended June 30, 2023 and 2022, the Company recorded a charge of $0.01 million and $0.04 million, respectively, and $0.03 million and $0.7 million for the six months ended June 30, 2023 and 2022, respectively, for the amortization of vested restricted stock awards. The following table summarizes restricted stock based award activity granted: Restricted Beginning balance as of January 1, 2023 42,968 Granted — Exercised — Expired — Forfeited — Ending balance as of June 30, 2023 42,968 The Company determined the fair value of these grants based on the closing price of the Company’s common stock on the respective grant dates. The compensation expense is being amortized over the respective vesting periods. | Note 22 — Stock Award Plans and Stock-Based Compensation In September 2011, the Company adopted the 2011 Employee Stock Incentive Plan (the “2011 Plan”) which provides for the granting of incentive and non -statutory -employee In February 2018, the Company adopted the 2018 Employee Stock Incentive Plan (the “2018 Plan” and together with the 2011 Plan, the “Option Plans”), which will be utilized with the 2011 Plan for employees, corporate officers, directors, consultants and other key persons employed. The 2018 Plan will provide for the granting of incentive stock options, NQSOs, stock grants and other stock -based Incentive stock options granted under the Option Plans are granted at exercise prices not less than 100% of the estimated fair market value of the underlying common stock at date of grant. The exercise price per share for incentive stock options may not be less than 110% of the estimated fair value of the underlying common stock on the grant date for any individual possessing more that 10% of the total outstanding common stock of the Company. Options granted under the Option Plans vest over periods ranging from immediately to four years and are exercisable over periods not exceeding ten years. The aggregate number of shares that may be awarded under the 2018 Plan as of December 31, 2022 is 49,000,000. As of December 31, 2022, 394,555 of options and restricted stock were granted to employees, directors and consultants of the Company (including 1 Employee Stock Options During the year ended December 31, 2021, the Company granted options under the 2018 Plan for the purchase of 190,476 -rata -Scholes During the year ended December 31, 2022, the Company granted options under the 2018 Plan for the purchase of 132,669 -rata -Scholes On February 5, 2021, the Company issued 67 On June 10, 2021, the Company issued 6 During the year ended December 31, 2022 and 2021, the Company recorded a charge of approximately $2.9 million and $2.3 million, respectively, of which $1.3 million and $0.9 million pertain to discontinued operations, for the amortization of employee stock options (not including restricted stock awards), which is included in the general and administrative section of the condensed consolidated statement of operations. As of December 31, 2022, the fair value of non -vested The fair value of each employee option grant is estimated on the date of the grant using the Black -Scholes -pricing -average For the Years Ended 2022 2021 Risk-free interest rate 1.50% – 1.76% 0.59% – 1.26% Expected life of option grants 5 years 5 years Expected volatility of underlying stock 37.24% – 37.45% 37.21% – 38.15% Dividends assumption $— $— The expected stock price volatility for the Company’s stock options was determined by the historical volatilities for industry peers and used an average of those volatilities. The Company attributes the value of stock -based -line See below for a summary of the stock options granted under the 2011 and 2018 plans: 2011 2018 Non Total Weighted Aggregate Outstanding at January 1, 2021 96 72,666 1 72,763 $ 1,782.00 $ — Granted — 190,476 — 190,476 71.25 — Exercised — (277 ) — (277 ) 82.50 — Expired (23 ) (3,051 ) — (3,074 ) 6,980.25 — Forfeitures — (7,882 ) — (7,882 ) 101.25 — Outstanding at December 31, 2021 73 251,932 1 252,006 $ 28,358.30 $ — Granted — 132,669 — 132,669 39.74 — Exercised — — — — — — Expired (16 ) (14,451 ) — (14,467 ) 80,713.98 — Forfeitures — (18,621 ) — (18,621 ) 74.97 — Outstanding at December 31, 2022 57 351,529 1 351,587 $ 17,016.13 $ — Exercisable at December 31, 2022 57 234,776 1 234,834 $ 25,446.10 $ — Restricted Stock Awards On February 19, 2021, the Company granted 70,000 restricted stock awards to employees of the Company. These stock awards vest either 25% on the Grant Date and 25% on each one year anniversary of Grant Date or 50% on Grant Date and 50% on the one year anniversary. In accordance with the terms of the restricted stock award agreements 12,291 On April 23, 2021, the Company granted 4,598 restricted stock awards to employees of the Company. These stock awards either vest 50% at the 6 months anniversary and 50% on the one year anniversary or over 2 years pro rata every 6 months. On August 21, 2021, 4,500 of unvested restricted stock award grants were forfeited in connection with the departure of an employee. On December 23, 2021, 2,037 of restricted stock award grants were forfeited to satisfy the employee portion of the payroll taxes required to be paid in connection with the grant of such awards. On February 19, 2022, 12,802 restricted stock grants were forfeited for employee taxes. During the years ended December 31, 2022 and 2021 the Company recorded a charge of approximately $0.8 million and $8.6 million, respectively, of which $0.4 million and $3.3 million pertain to discontinued operations, for the amortization of vested restricted stock awards. The following table summarizes restricted stock -based Number of Weighted Balance, January 1, 2021 — $ — Granted 74,598 $ 134.25 Forfeited (18,827 ) $ 132.00 Balance, December 31, 2021 55,770 $ 135.00 Granted — $ — Forfeited (12,802 ) $ 137.25 Balance, December 31, 2022 42,968 $ 134.26 The Company determined the fair value of these grants based on the closing price of the Company’s common stock on the respective grant dates. |
Warrants
Warrants | 6 Months Ended | 12 Months Ended |
Jun. 30, 2023 | Dec. 31, 2022 | |
Warrants [Abstract] | ||
Warrants | Note 15 — Warrants On January 28, 2022, the Company entered into an exchange agreement with the holder of certain existing warrants of the Company which were exercisable for an aggregate of 657,402 -Scholes Between March 15 and March 22, 2022, we received cash redemption notices from the holders of the Company’s Series 7 Convertible Preferred Stock issued on September 15, 2021, totaling 49,250 no On March 22, 2022, the Company entered into a securities purchase agreement with certain investors pursuant to which the Company agreed to issue and sell, in a registered direct offering sold an aggregate of 53,197.7234 During the three months ended March 31, 2023, the Company issued 1,380,000 -funded Warrant Amendments On February 28, 2023, the Company entered into warrant amendments (the “Warrant Amendments”) with certain holders (each, including its successors and assigns, a “Holder” and collectively, the “Holders”) of (i) those certain Common Stock Purchase Warrants issued by the Company in April 2018 (the “April 2018 Warrants”) pursuant to the registration statement on Form S -3 -204159 -3 -256827 -3 -256827 Pursuant to the Warrant Amendments, the Company and the Holders have agreed to amend (i) the September 2021 Warrants and the March 2022 Warrants to provide that all of such outstanding warrants shall be automatically exchanged for shares of common stock of the Company, at a rate of 0.33 In connection with the exchange of 232,675 September 2021 Warrants and 751,867 March 2022 Warrants, which were all of the then outstanding of those warrants as of the effective date of the Warrant Amendments, the Company issued 76,794 Exchange Shares and 248,124 Exchange Shares, respectively, resulting in the issuance of 324,918 Exchange Shares in the aggregate. The Company accounted for the exchange as a warrant modification. The Company determined the fair value of the Existing Warrants as if issued on the Warrant Amendment date and compared that to the fair value of the common stock issued for the Exchange Shares. The Company calculated the fair value of the Existing Warrants using a Black -Scholes May 2023 Warrant Purchase Agreement On May 15, 2023, the Company entered into a Warrant Purchase Agreement (the “Agreement”) with multiple purchasers for the purchase and sale of up to an aggregate of 150,000,000 of warrants (the “May 2023 Warrants”). The Agreement and the May 2023 Warrants were subsequently amended on June 20, 2023. The purchase price for one (1) May 2023 Warrant is $0.01 (the “Per Warrant Purchase Price”). The May 2023 Warrants have an initial exercise price $0.26, payable in cash or the cancellation of indebtedness ( the “Initial Exercise Price”). The exercise price will equal the lower of (i) the Initial Exercise Price and (ii) 90% of the lowest VWAP (as defined in the Agreement) of the Common Stock for the five Each May 2023 Warrant is immediately exercisable for one share of Common Stock and will expire 1 year from the issuance date (the “Termination Date”) unless extended by the Company with the consent of the warrant holder. Pursuant to the terms of the May 2023 Warrants, at any time prior to the Termination Date, the Company may, in its sole discretion, redeem any portion of a May 2023 Warrants that have not been exercised, in cash, at the Per Warrant Purchase Price, plus all liquidated damages and other costs, expenses or amounts due in respect of the Warrants (the “Redemption Amount”) upon five five The 150,000,000 May 2023 Warrants were issued on May 17, 2023 for aggregate gross proceeds of approximately $1.5 million. The aggregate net proceeds from the offerings, after deducting the placement agent fees and other estimated offering expenses, were approximately $1.4 million. The May 2023 Warrants were determined to be within the scope of ASC 480 as they represent obligations to the Company, as the Company is obligated to redeem any May 2023 Warrants that have not been exercised at the Termination Date. As such, the Company recorded the May 2023 Warrants as a liability at fair value on the issuance date. The fair value of the May 2023 Warrants was determined using level 3 inputs utilizing a Monte -Carlo be $1.48 million at the date of issuance, and the redemption value of the Warrants was determined to be approximately $1.5 million as of June 30, 2023. The fair value of the Warrants are reflected within Warrant Liability on the Condensed Consolidated Balance Sheet. An immediate loss was recognized on the initial measurement date of $71,250 as a result of the difference between fair value and net proceeds. The change in fair value of Warrants of $71,250 for the three and six months ended June 30, 2023 was reported as other expense on the Condensed Consolidated Statement of Operations. The interest cost of $20,000 for the three and six months ended June 30, 2022 was included in interest expense, net on the Condensed Consolidated Statement of Operations. The following table summarizes the activity to warrants outstanding: Number of Beginning balance as of January 1, 2023 6,212,026 Granted 150,000,000 Exercised (1,380,000 ) Expired (1,224 ) Exchanged (984,542 ) Ending balance as of June 30, 2023 153,846,260 Exercisable as of June 30, 2023 153,846,260 | Note 23 — Warrants On January 24, 2021, Inpixon entered into a Securities Purchase Agreement with an institutional investor named therein (the “Investor”), pursuant to which the Company agreed to issue and sell, in a registered direct offering, 77,334 The Company also offered and sold to the Purchaser pre -funded -Funded -Funded -Funded -Funded -Funded -Funded During the year ended December 31, 2021, the Company issued 180,732 -Funded On February 12, 2021, Inpixon entered into a Securities Purchase Agreement with an institutional investor named therein (the “Investor”), pursuant to which the Company agreed to issue and sell, in a registered direct offering, 93,334 The Company also offered and sold to the Purchaser pre -funded -Funded -Funded -Funded -Funded -Funded -Funded During the year ended December 31, 2021, the Company issued 106,667 -Funded On February 16, 2021, Inpixon entered into a Securities Purchase Agreement with an institutional investor named therein (the “Investor”), pursuant to which the Company agreed to issue and sell, in a registered direct offering, 40,000 The Company also offered and sold to the Purchaser pre -funded -Funded -Funded -Funded -Funded -Funded During the year ended December 31, 2021, the Company issued 92,670 -funded On September 13, 2021, the Company entered into a Securities Purchase Agreement (the “Offering”) with certain investors pursuant to which the Company agreed to issue and sell, in a registered direct offering sold an aggregate of 58,750 On January 28, 2022, the Company entered into an exchange agreement with the holder of certain existing warrants of the Company which were exercisable for an aggregate of 657,402 -Scholes Between March 15 and March 22, 2022, we received cash redemption notices from the holders of the Company’s Series 7 Convertible Preferred Stock issued on September 15, 2021, totaling 49,250 On March 22, 2022, the Company entered into a securities purchase agreement with certain investors pursuant to which the Company agreed to issue and sell, in a registered direct offering sold an aggregate of 53,197.7234 On October 12, 2022, the Company issued 52,513 On October 18, 2022, the Company entered into a Securities Purchase Agreement, pursuant to which the Company agreed to issue and sell, in a registered direct offering, 253,112 The Company also offered and sold to the Purchaser pre -funded -funded -funded -funded -funded -funded During the three months ended December 31, 2022, the Company issued 930,990 -funded The following table summarizes the changes in warrants outstanding during the years ended December 31, 2022 and 2021: Number of Weighted Aggregate Exercisable at January 1, 2021 107,910 $ 502.50 $ — Granted 1,597,469 87.00 — Exercised (419,951 ) 9.00 — Expired — — — Cancelled — — — Outstanding at December 31, 2021 1,285,428 $ 147.75 $ — Granted 7,660,859 $ 9.88 — Exercised (1,115,143 ) 150.00 — Expired (28 ) 2,082,857.14 — Cancelled (1,619,090 ) 75.45 — Outstanding at December 31, 2022 6,212,026 $ 19.56 $ 1,530 Exercisable at December 31, 2021 1,285,428 $ 147.75 — Exercisable at December 31, 2022 6,212,026 $ 19.56 1,530 |
Income Taxes
Income Taxes | 6 Months Ended | 12 Months Ended |
Jun. 30, 2023 | Dec. 31, 2022 | |
Income Taxes [Abstract] | ||
Income Taxes | Note 16 — Income Taxes There is an income tax expense of approximately $0.007 million and $0.02 million for the three months ended June 30, 2023 and 2022, respectively, and $2.5 million and $0.02 million for the six months ended June 30, 2023 and 2022, respectively. The income tax expense in the six months ended June 30, 2023 includes a $2.6 million deferred tax expense to increase the valuation allowance, which is offset by a current tax benefit of $0.1 million, due to the Enterprise Apps Spin -off | Note 24 — Income Taxes The domestic and foreign components of loss before income taxes for the years ended December 31, 2022 and 2021 are as follows (in thousands): For the Years Ended 2022 2021 Domestic $ (31,474 ) $ (22,632 ) Foreign (7,004 ) (5,989 ) Net Loss, before tax, continuing operations $ (38,478 ) $ (28,621 ) The income tax provision (benefit) for the years ended December 31, 2022 and 2021 consists of the following (in thousands): For the Years Ended 2022 2021 Foreign Current $ 33 $ (5 ) Deferred (1,657 ) (37 ) U.S. federal Current (268 ) 5,815 Deferred (5,690 ) — State and local Current 91 607 Deferred (646 ) — (8,137 ) 6,380 Change in valuation allowance 7,888 (2,591 ) Income Tax (Benefit)/Expense, continuing operations $ (249 ) $ 3,789 The reconciliation between the U.S. statutory federal income tax rate and the Company’s effective rate for the years ended December 31, 2022 and 2021 is as follows: For the Years Ended 2022 2021 U.S. federal statutory rate 21.0 % 21.0 % State income taxes, net of federal benefit 2.0 % 1.3 % Incentive stock options (0.2 )% (0.3 )% 162(m) Compensation Limit — % (0.7 )% Goodwill impairment loss (1.0 )% (2.8 )% US-Foreign income tax rate difference 1.0 % 1.6 % Other permanent items (0.3 )% (0.6 )% Provision to return adjustments 0.5 % (6.6 )% Deferred only adjustment (1.9 )% (10.5 )% Change in valuation allowance (20.5 )% (15.6 )% Effective Rate 0.6 % (13.2 )% As of December 31, 2022 and 2021, the Company’s deferred tax assets consisted of the effects of temporary differences attributable to the following: (in 000s) As of December 31, Deferred Tax Asset 2022 2021 Net operating loss carryovers $ 39,642 $ 35,033 Stock based compensation 2,073 2,540 Research credits 123 131 Accrued compensation 87 96 Reserves 306 345 Intangibles 199 — Fixed assets 356 393 Unrealized gain 14,557 12,876 Capital Research 1,587 — Other 803 260 Total Deferred Tax Asset 59,733 51,674 Less: valuation allowance (57,255 ) (46,071 ) Deferred Tax Asset, Net of Valuation Allowance $ 2,478 $ 5,603 As of December 31, Deferred Tax Liabilities 2022 2021 Intangible assets $ (1,878 ) $ (4,613 ) Fixed assets (149 ) (239 ) Other (448 ) (381 ) Capitalized research — (370 ) Total deferred tax liabilities (2,475 ) (5,603 ) Net Deferred Tax Asset (Liability) $ 3 $ — At December 31, 2022, the Company did not have any undistributed earnings of our foreign subsidiaries. As a result, no additional income or withholding taxes have been provided for. The Company does not anticipate any impacts of the global intangible low taxed income (“GILTI”) and base erosion anti -abuse In accordance with Section 382 of the Internal Revenue Code, deductibility of the Company’s NOL carryover is subject to an annual limitation in the event of a change of control, as defined by the regulations. The Company performed an analysis to determine the annual limitation as a result of the changes in ownership that occurred during 2021 and 2022. Based on the Company’s analysis, no ownership changes occurred during 2021. A change in ownership did occur in March of 2022. The NOL available to offset future taxable income after the 2022 ownership change is approximately $46.5 million. The NOLs generated in 2017, $1.5 million, will expire beginning in December 31, 2037 if not utilized. The remaining NOLs generated after 2017 have an indefinite life and do not expire. The NOLs as of December 31, 2022 that do not expire are approximately $45.6 million. As of December 31, 2022 and 2021, Inpixon Canada, which was acquired on April 18, 2014 as part of the AirPatrol Merger Agreement, had approximately $24.6 million and $20.9 million, respectively, of Canadian NOL carryovers available to offset future taxable income. These NOLs, if not utilized, begin expiring in the year 2023. The NOLs as of December 31, 2021 include Jibestream, which was acquired on August 15, 2019 and amalgamated with Inpixon Canada effective January 1, 2020. As of December 31, 2022 and 2021, Nanotron GmbH, which was acquired on October 5, 2020, had approximately $44.1 million and $44.3 million, respectively, of German NOL carryovers available to offset future taxable income. Although these NOLs do not expire, minimum taxation restrictions apply such that only a percentage of taxable income may be offset by NOL carryovers. As of December 31, 2022 and 2021, Intranav GmbH, which was acquired on December 8, 2021, had approximately $8.6 million and $7.1 million, respectively, of German NOL carryovers available to offset future taxable income. Although these NOLs do not expire, minimum taxation restrictions apply such that only a percentage of taxable income may be offset by NOL carryovers. As of December 31, 2022 and 2021, Active Mind Technology LTD, which was acquired on April 9, 2021 as part of the acquisition of Game Your Game Inc., had approximately $11.8 million and $11.6 million, respectively, of Irish NOL carryovers available to offset future taxable income. These NOLs have an indefinite life and do not expire. As of December 31, 2022, Inpixon Philippines, Inc, which was organized on April 12, 2022 , had approximately $0.1 million of Philippine NOL carryovers available to offset future taxable income. These NOLs, if not utilized, begin expiring in the year 2026. Deferred income taxes reflect the net tax effects of temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and the amounts used for income tax purposes. In assessing the realization of deferred tax assets, management considers, whether it is “more likely than not”, that some portion or all of the deferred tax assets will not be realized. The ultimate realization of deferred tax assets is dependent upon the generation of future taxable income during the periods in which temporary differences representing net future deductible amounts become deductible. ASC 740, “Income Taxes” requires that a valuation allowance be established when it is “more likely than not” that all, or a portion of, deferred tax assets will not be realized. A review of all available positive and negative evidence needs to be considered, including the scheduled reversal of deferred tax liabilities, projected future taxable income, and tax planning strategies. After consideration of all the information available, management believes that uncertainty exists with respect to future realization of its deferred tax assets with respect to Inpixon, Game Your Game, Inpixon Canada, Nanotron GmbH, Intranav GmbH, Active Mind Technology LTD, and Inpixon Philippines and has, therefore, established a full valuation allowance as of December 31, 2022 and 2021. As of December 31, 2022 and 2021, the change in valuation allowance was $12.4 million and $4.4 million, respectively. ASC 740 also clarifies the accounting for uncertainty in income taxes recognized in an enterprise’s financial statements and prescribes a recognition threshold and measurement process for financial statement recognition and measurement of a tax position taken or expected to be taken in a tax return. For those benefits to be recognized, a tax position must be more likely than not to be sustained upon examination by taxing authorities. ASC 740 also provides guidance on de -recognition The Company’s policy for recording interest and penalties associated with unrecognized tax benefits is to record such interest and penalties as interest expense and as a component of income tax expense. There were no amounts accrued for interest or penalties for the years ended December 31, 2022 and 2021. Management does not expect any material changes in its unrecognized tax benefits in the next year. The Company operates in multiple tax jurisdictions and, in the normal course of business, its tax returns are subject to examination by various taxing authorities. Such examinations may result in future assessments by these taxing authorities. The Company is subject to examination by U.S. tax authorities beginning with the year ended December 31, 2017. In general, the Canadian Revenue Authority may reassess taxes four years from the date the original notice of assessment was issued. The tax years that remain open and subject to Canadian reassessment are 2018 – 2022. The tax years that remain open and subject to India reassessment are tax years beginning March 31, 2017. The German tax authorities may reassess taxes generally four years from the end of the calendar year in which the return is filed. The tax years that remain open and subject to German reassessment are 2018 – 2022. In Ireland, assessments must generally be made within four years when returns are filed. The tax years that remain open and subject to Irish reassessment are 2018 – 2022. In general, Philippine Tax Commissioner may reassess taxes three years from the date the original notice of assessment was issued. The tax years that remain open and subject to Philippine reassessment are 2022. |
Credit Risk and Concentrations
Credit Risk and Concentrations | 6 Months Ended | 12 Months Ended |
Jun. 30, 2023 | Dec. 31, 2022 | |
Credit Risk and Concentrations [Abstract] | ||
Credit Risk and Concentrations | Note 17 — Credit Risk and Concentrations Financial instruments that subject the Company to credit risk consist principally of trade accounts receivable and cash and cash equivalents. The Company performs certain credit evaluation procedures and does not require collateral for financial instruments subject to credit risk. The Company believes that credit risk is limited because the Company routinely assesses the financial strength of its customers and, based upon factors surrounding the credit risk of its customers, establishes an allowance for uncollectible accounts and, consequently, believes that its accounts receivable credit risk exposure beyond such allowances is limited. The Company maintains cash deposits with financial institutions, which, from time to time, may exceed federally insured limits. Cash is also maintained at foreign financial institutions for its UK subsidiary, German subsidiaries and its majority -owned During the six months ended June 30, 2023 and 2022, two customers and two customers accounted for at least 10% of revenue, respectively. As of June 30, 2023, two customers represented approximately 38% of total accounts receivable. As of June 30, 2022, two customers represented approximately 42% of total accounts receivable. As of June 30, 2023, two vendors represented approximately 48% of total gross accounts payable. Purchases from these vendors during the six months ended June 30, 2023 was approximately $1.2 million. As of June 30, 2022, three vendors represented approximately 47% of total gross accounts payable. Purchases from these vendors during the six months ended June 30, 2022 was approximately $0.6 million. For the six months ended June 30, 2023, one vendor represented approximately 17% of total purchases. For the six months ended June 30, 2022, one vendor represented approximately 33% of total purchases. | Note 25 — Credit Risk, Concentrations, and Segment Reporting Financial instruments that subject the Company to credit risk consist principally of trade accounts receivable and cash and cash equivalents. The Company performs certain credit evaluation procedures and does not require collateral for financial instruments subject to credit risk. The Company believes that credit risk is limited because the Company routinely assesses the financial strength of its customers and, based upon factors surrounding the credit risk of its customers, establishes an allowance for uncollectible accounts and, consequently, believes that its accounts receivable credit risk exposure beyond such allowances is limited. The Company maintains cash deposits with financial institutions, which, from time to time, may exceed federally insured limits. Cash is also maintained at foreign financial institutions for its Canadian subsidiary, UK subsidiary, Philippine subsidiary, German subsidiaries and its majority -owned The Company did not have any customer accounted for at least 10% of revenues during the years ended December 31, 2022 and 2021. The Company has two and one customers accounted for 25% and 13% of continuing operations revenue during the years ended December 31, 2022 and 2021, respectively, As of December 31, 2022, two customers represented approximately 10%, and 10% of total accounts receivable. As of December 31, 2021, no customer accounted for at least 10% of total accounts receivable. As of December 31, 2022, three customers represented approximately 16%, 11% and 10% of total accounts receivable from continuing operations. As of December 31, 2021, two customers represented approximately 19%, and 15% of total accounts receivable from continuing operations. As of December 31, 2022, two vendors represented approximately 17%, and 12% of total gross accounts payable. Purchases from these vendors during the year ended December 31, 2022 was $1.4 million and $0.9 million, respectively. As of December 31, 2021, one vendor represented approximately 33% of total gross accounts payable. Purchases from this vendor during the year ended December 31, 2021 was $0.4 million. As of December 31, 2022, three vendors represented approximately 20%, 15% and 10% of total gross accounts payable from continuing operations. Purchases from these vendors during the year ended December 31, 2022 was $0.9 million, $0.7 million and $0.4 million, respectively. As of December 31, 2021, two vendors represented approximately 46% and 12% of total gross accounts payable. Purchases from these vendors during the year ended December 31, 2021 was $0.4 million and $0.4 million . For the year ended December 31, 2022, one vendor represented approximately 23% of total purchases. For the year ended December 31, 2021, three vendors represented approximately 21%, 18%, and 17% of total purchases. For the year ended December 31, 2022, one vendor represented approximately 24% of total purchases from continuing operations. For the year ended December 31, 2021, four vendors represented approximately 26% , 22% , 21% and 12% of total purchases from continuing operations. Segments The Company’s operations consist of three reportable segments based on similar economic characteristics, the nature of products and production processes, end -use During the second quarter of 2021, the Company changed the level of detail at which its Chief Executive Officer (“CEO”) acting as the Chief Operating Decision Maker, or “CODM”) regularly reviews and manages certain of its businesses, resulting in the bifurcation of its former one segment into three standalone reportable segments: Indoor Intelligence, Saves, and Shoom. The Company now manages and reports its operating results through these three reportable segments. This change allows the Company to enhance its customer focus and better align its business models, resources, and cost structure to the specific current and future growth drivers of each business, while providing increased transparency to the Company’s shareholders. The historical segment information has been recast to conform to the current segment structure. Gross profit and income (loss) from operations are the primary measures of segment profitability used by the Company’s CODM. Revenue, gross profit, and income (loss) from operations by segment consisted of the following (in thousands): For the Years Ended 2022 2021 Revenue by Segment Indoor Intelligence $ 14,614 $ 11,046 Saves 2,775 2,938 Shoom 2,029 2,011 Total segment revenue $ 19,418 $ 15,995 Less discontinued operations (8,470 ) (6,368 ) Total segment revenue, continuing operations $ 10,948 $ 9,627 Gross profit by Segment Indoor Intelligence $ 10,411 $ 7,833 Saves 1,781 2,072 Shoom 1,737 1,716 Gross profit by Segment $ 13,929 $ 11,621 Less discontinued operations (6,406 ) (4,722 ) Gross profit by Segment, continuing operations $ 7,523 $ 6,899 Income (loss) from operations by Segment Indoor Intelligence $ (53,602 ) $ (72,174 ) Saves (3,876 ) (1,515 ) Shoom 778 946 Loss from operations by Segment $ (56,700 ) $ (72,743 ) Less discontinued operations 27,894 42,922 Loss from operations by Segment, continuing operations $ (28,806 ) $ (29,821 ) The reporting package provided to the Company’s CODM does not include the measure of assets by segment as that information isn’t reviewed by the CODM when assessing segment performance or allocating resources. |
Fair Value of Financial Instrum
Fair Value of Financial Instruments | 6 Months Ended | 12 Months Ended |
Jun. 30, 2023 | Dec. 31, 2022 | |
Fair Value of Financial Instruments [Abstract] | ||
Fair Value of Financial Instruments | Note 19 — Fair Value of Financial Instruments The Company’s estimates of fair value for financial assets and financial liabilities are based on the framework established in ASC 820. The framework is based on the inputs used in valuation and gives the highest priority to quoted prices in active markets and requires that observable inputs be used in the valuations when available. The disclosure of fair value estimates in the ASC 820 hierarchy is based on whether the significant inputs into the valuation are observable. In determining the level of the hierarchy in which the estimate is disclosed, the highest priority is given to unadjusted quoted prices in active markets and the lowest priority to unobservable inputs that reflect the Company’s significant market assumptions. We classified our financial instruments measured at fair value on a recurring basis in the following valuation hierarchy. The Company’s assets measured at fair value consisted of the following at June 30, 2023 and December 31, 2022: Fair Value at June 30, 2023 Total Level 1 Level 2 Level 3 Assets: Investments in equity securities 1,414 1,403 — 11 Total assets $ 1,414 $ 1,403 $ — $ 11 Fair Value at December 31, 2022 Total Level 1 Level 2 Level 3 Assets: Investments in equity securities 330 319 — 11 Total assets $ 330 $ 319 $ — $ 11 The following is a discussion of the valuation methodologies used for the Company’s assets measured at fair value. Investments in equity securities are marked to market based on the respective publicly quoted market prices of the equity securities adjusted for liquidity. The fair value for Level 1 equity investments was determined using quoted prices of the security in active markets. The fair value for Level 3 equity investments was determined using a pricing model with certain significant unobservable market data inputs. Investments in debt securities are valued using an option pricing model under the income approach methodology as the investment does not have observable inputs of identical or comparable instruments. The Company noted that there was no change in Level 3 instruments for which significant unobservable inputs were used to determine fair value for the three months ended June 30, 2023. The following table is a reconciliation of assets for Level 3 investments for which significant unobservable inputs were used to determine fair value for the three months ended June 30, 2023: Level 3 Level 3 Investments Balance at January 1, 2023 $ 11 Unrealized loss on equity securities — Balance at June 30, 2023 $ 11 | Note 26 — Fair Value of Financial Instruments The Company’s estimates of fair value for financial assets and financial liabilities are based on the framework established in ASC 820. The framework is based on the inputs used in valuation and gives the highest priority to quoted prices in active markets and requires that observable inputs be used in the valuations when available. The disclosure of fair value estimates in the ASC 820 hierarchy is based on whether the significant inputs into the valuation are observable. In determining the level of the hierarchy in which the estimate is disclosed, the highest priority is given to unadjusted quoted prices in active markets and the lowest priority to unobservable inputs that reflect the Company’s significant market assumptions. We classified our financial instruments measured at fair value on a recurring basis in the following valuation hierarchy. The Company’s assets measured at fair value consisted of the following at December 31, 2022 and December 31, 2021: Fair Value at December 31, 2022 Total Level 1 – Quoted Level 2 – Significant Level 3 – Significant Assets: Short-term investments $ — $ — $ — $ — Investments in equity securities 330 319 — 11 Total assets $ 330 $ 319 $ — $ 11 Fair Value at December 31, 2021 Total Level 1 – Quoted Level 2 – Significant Level 3 – Significant Assets: Related party loan-held for sale (net) $ — $ — $ — $ — Short-term investments 43,125 43,125 — — Investments in equity securities 1,838 — — 1,838 Total assets $ 44,963 $ 43,125 $ — $ 1,838 The following is a discussion of the valuation methodologies used for the Company’s assets measured at fair value. Short -term Investments in equity securities are marked to market based on the respective publicly quoted market prices of the equity securities adjusted for liquidity. The fair value for Level 1 equity investments was determined using quoted prices of the security in active markets. The fair value for Level 3 equity investments was determined using a pricing model with certain significant unobservable market data inputs. Investments in debt securities are valued using an option pricing model under the income approach methodology as the investment does not have observable inputs of identical or comparable instruments. The following table is a reconciliation of assets for Level 3 investments for which significant unobservable inputs were used to determine fair value for the year ended December 31, 2022 (in thousands): Level 3 Level 3 Investments Balance at beginning of year $ 1,838 Transfers in – FOXO Technologies, Inc. convertible note 6,050 Transfers in – FOXO Technologies, Inc. original issue discount on convertible note (550 ) Amortization of original issue discount on convertible note 206 Change in fair value on debt securities 791 Transfers out – FOXO Technologies, Inc. conversion of note to marketable equity securities (6,497 ) Unrealized loss on equity securities (1,827 ) Balance at end of year $ 11 The following table is a reconciliation of assets for Level 3 investments for which significant unobservable inputs were used to determine fair value for the year ended December 31, 2021 (in thousands): Level 3 Level 3 Investments Balance at beginning of year $ — Transfers in-Sysorex Securities Settlement Agreement Benefit (provision) for valuation allowance on related party loan – held for sale 7,461 Interest income (expense), net 1,627 Gain on related party loan held for sale 49,817 Unrealized loss on equity securities (57,067 ) Balance at end of year $ 1,838 |
Foreign Operations
Foreign Operations | 6 Months Ended | 12 Months Ended |
Jun. 30, 2023 | Dec. 31, 2022 | |
Foreign Operations [Abstract] | ||
Foreign Operations | Note 20 — Foreign Operations Prior to the Enterprise Apps Spin -off -off United Canada India Germany United Ireland Philippines Eliminations Total For the Three Months Ended June 30, 2023: Revenues by geographic area $ 1,340 $ — $ 294 $ 763 $ 139 $ 4 $ — $ (483 ) $ 2,057 Operating (loss) income by geographic area $ (5,394 ) $ — $ 16 $ (1,092 ) $ (1 ) $ (186 ) $ — $ — $ (6,657 ) Net (loss) income from continuing operations by geographic area $ (6,152 ) $ — $ 19 $ (1,009 ) $ (1 ) $ (186 ) $ — $ — $ (7,329 ) For the Three Months Ended June 30, 2022: Revenues by geographic area $ 1,427 $ — $ 141 $ 1,023 $ 125 $ 2 $ — $ (142 ) $ 2,576 Operating (loss) income by geographic area $ (6,512 ) $ — $ 45 $ (2,690 ) $ 46 $ (263 ) $ — $ 1 $ (9,373 ) Net (loss) income from continuing operations by geographic area $ (6,144 ) $ — $ 45 $ (2,639 ) $ 46 $ (263 ) $ — $ (10 ) $ (8,965 ) For the Six Months ended June 30, 2023: Revenues by geographic area $ 3,255 $ — $ 793 $ 1,918 $ 229 $ 4 $ — $ (1,038 ) $ 5,161 Operating (loss) income by geographic area $ (12,756 ) $ — $ 120 $ (1,923 ) $ (5 ) $ (275 ) $ — $ — $ (14,839 ) Net (loss) income from continuing operations by geographic area $ (17,685 ) $ — $ 124 $ (1,811 ) $ (5 ) $ (275 ) $ — $ 1 $ (19,651 ) For the Six Months Ended June 30, 2022: Revenues by geographic area $ 2,970 $ — $ 267 $ 1,971 $ 243 $ 6 $ — $ (232 ) $ 5,225 Operating (loss) income by geographic area $ (14,181 ) $ — $ 84 $ (4,108 ) $ 59 $ (464 ) $ — $ (1 ) $ (18,611 ) Net (loss) income from continuing operations by geographic area $ (15,415 ) $ — $ 84 $ (4,012 ) $ 59 $ (464 ) $ — $ — $ (19,748 ) As of June 30, 2023: Identifiable assets by geographic area $ 51,794 $ — $ 712 $ 20,056 $ 362 $ 86 $ — $ (42,565 ) $ 30,445 Long lived assets by geographic area $ 2,294 $ — $ 23 $ 2,810 $ — $ 2 $ — $ — $ 5,129 As of December 31, 2022: Identifiable assets by geographic area $ 133,382 $ 5,484 $ 682 $ 19,599 $ 277 $ 19 $ 415 $ (102,223 ) $ 57,635 Long lived assets by geographic area $ 2,538 $ — $ 3 $ 3,308 $ 1 $ 4 $ — $ — $ 5,854 | Note 27 — Foreign Operations The Company’s operations are located primarily in the United States, Canada, India, Germany, Philippines and the United Kingdom. Revenues by geographic area are attributed by country of domicile of our subsidiaries. The financial data by geographic area are as follows (in thousands): United Canada India Germany United Ireland Philippines Eliminations Total Less Total, For the Year Ended December 31, 2022: Revenues by geographic area $ 13,458 $ 2,061 $ 1,830 $ 4,583 $ 406 $ 6 165 $ (3,091 ) $ 19,418 (8,470 ) $ 10,948 Operating income (loss) by geographic area $ (42,852 ) $ (7,177 ) $ 208 $ (6,121 ) $ 17 $ (673 ) (99 ) $ (3 ) $ (56,700 ) 27,894 $ (28,806 ) Net income (loss) by geographic area $ (51,936 ) $ (7,770 ) $ 138 $ (5,982 ) $ 20 $ (673 ) (101 ) $ — $ (66,304 ) 28,075 $ (38,229 ) For the Year Ended December 31, 2021: Revenues by geographic area $ 10,990 $ 2,638 $ 1,626 $ 3,593 $ 392 $ 7 — $ (3,251 ) $ 15,995 (6,368 ) $ 9,627 Operating income (loss) by geographic area $ (60,450 ) $ (6,451 ) $ 146 $ (5,629 ) $ (2 ) $ (346 ) — $ (11 ) $ (72,743 ) 42,922 $ (29,821 ) Net income (loss) by geographic area $ (57,516 ) $ (6,882 ) $ 124 $ (5,505 ) $ (5 ) $ (346 ) — $ — $ (70,130 ) 37,720 $ (32,410 ) As of December 31, 2022: Identifiable assets by geographic area $ 133,382 $ 5,484 $ 682 $ 19,599 $ 277 $ 19 415 $ (102,223 ) $ 57,635 — $ 57,635 Long lived assets by geographic area $ 18,097 $ 4,788 $ 101 $ 3,308 $ 1 $ 4 214 $ — $ 26,513 (20,659 ) $ 5,854 Goodwill by geographic area $ — $ — $ — $ — $ — $ — — $ — $ — — $ — As of December 31, 2021: Identifiable assets by geographic area $ 216,338 $ 7,191 $ 675 $ 20,238 $ 283 $ 69 — $ (88,121 ) $ 156,673 — $ 156,673 Long lived assets by geographic area $ 27,773 $ 5,864 $ 181 $ 4,624 $ 2 $ 4 — $ — $ 38,448 (25,070 ) $ 13,378 Goodwill by geographic area $ 5,915 $ 480 $ — $ 1,278 $ — $ — — $ — $ 7,673 (5,546 ) $ 2,127 |
Related Party Transactions
Related Party Transactions | 6 Months Ended | 12 Months Ended |
Jun. 30, 2023 | Dec. 31, 2022 | |
Related Party Transactions [Abstract] | ||
Related Party Transactions | Note 21 — Related Party Transactions Cardinal Venture Holdings Investment Nadir Ali, the Company’s Chief Executive Officer and a member of its Board of Directors, is also a controlling member of 3AM, LLC (“3AM”), which is a member of Cardinal Venture Holdings LLC (“CVH”), which may, in certain circumstances, be entitled to manage the affairs of CVH. Mr. Ali’s relationship may create conflicts of interest between Mr. Ali’s obligations to the Company and its shareholders and his economic interests and possible fiduciary obligations in CVH through 3AM. For example, Mr. Ali may be in a position to influence or manage the affairs of CVH in a manner that may be viewed as contrary to the best interests of either the Company or CVH and their respective stakeholders. On July 1, 2022, the Company loaned $150,000 to CVH. See Note 8 . Reimbursable Expenses from New CXApp In connection with the closing of the Enterprise Apps Spin -off During the three and six months ended June 30, 2023, the Company incurred approximately $0.2 million and $0.3 million, respectively, in reimbursable expenses payable in connection with the terms and conditions of the Transition Services Agreement, of which $0.2 million remains outstanding as of June 30, 2023 and is included in other receivables on the Company’s Condensed Consolidated Balance Sheets. | Note 28 — Related Party Transactions Sysorex Note Purchase Agreement Nadir Ali, the Company’s Chief Executive Officer and a member of its Board of Directors, was previously a member of the Board of Directors of Sysorex until he resigned on May 14, 2021. In addition, Nadir Ali entered into a consulting agreement with Sysorex, pursuant to which he agreed to provide certain business services specified in the agreement for the benefit of Sysorex in exchange for shares of Sysorex’s common stock. The consulting agreement was terminated on October 14, 2021. On December 31, 2018, the Company and Sysorex entered into a note purchase agreement (the “Note Purchase Agreement”) pursuant to which the Company agreed to purchase from Sysorex at a purchase price equal to the Loan Amount (as defined below), a secured promissory note (the “Secured Note”) for up to an aggregate principal amount of $3 million (the “Principal Amount”), including any amounts advanced through the date of the Secured Note (the “Prior Advances”), to be borrowed and disbursed in increments (such borrowed amount, together with the Prior Advances, collectively referred to as the “Loan Amount”), with interest to accrue at a rate of 10% percent per annum on all such Loan Amounts, beginning as of the date of disbursement with respect to any portion of such Loan Amount. In addition, Sysorex agreed to pay $20,000 to the Company to cover the Company’s legal fees, accounting costs, due diligence, monitoring and other transaction costs incurred in connection with the purchase and sale of the Secured Note (the “Transaction Expense Amount”), all of which amount is included in the Principal Amount. Sysorex may borrow repay and borrow under the Secured Note, as needed, for a total outstanding balance, exclusive of any unpaid accrued interest, not to exceed the Principal Amount at any one time. All sums advanced by the Company to the Maturity Date (as defined below) pursuant to the terms of the Note Purchase Agreement will become part of the aggregate Loan Amount underlying the Secured Note. All outstanding principal amounts and accrued unpaid interest owing under the Secured Note shall become immediately due and payable on the earlier to occur of (i) 24 In accordance with the terms of the Systat License Agreement on June 30, 2020, the Company partitioned a portion of the outstanding balance of the Secured Note into a new note in an amount equal to $3 million in principal plus accrued interest (the “Closing Note”) and assigned the Closing Note and all rights and obligations thereunder to Systat in accordance with the terms and conditions of that certain Promissory Note Assignment and Assumption Agreement (“Assignment Agreement”). An additional $2.3 million of the principal balance underlying the Sysorex Note was partitioned into a new note and assigned to Systat as consideration payable for the rights granted under the license as of December 31, 2020. During the year ended December 31, 2020, an additional amount of approximately $2.6 million was advanced under the Secured Note and approximately $200,000 was repaid. The amount owed for principal as of December 31, 2020 and accrued interest through September 30, 2019 by Sysorex to the Company as of December 31, 2020 was approximately $7.7 million. These amounts exclude $275,000 of additional interest that the Company is contractually entitled to accrue from October 1, 2019 through December 31, 2019 and approximately $1.1 million of additional interest from January 1, 2020 through December 31, 2020 in accordance with the terms of the Sysorex Note, but did not accrue due to the uncertainty of repayment. An additional $1 million of the principal balance under the Secured Note was assigned to Systat on March 19, 2021, as the final portion of the total consideration due in connection with the license. During the three months ended March 31, 2020 an additional 117,000 was advanced under the Secured Note and the Company was entitled to an additional $251,806 of interest in accordance with the terms of the Note, but did not accrue due to the uncertainty of repayment. An additional $1 million of the principal balance under the Secured Note was assigned to Systat on March 19, 2021, as the final portion of the total consideration due in connection with the license. As of April 14, 2021, the Sysorex Note Purchase Agreement was settled, see Sysorex Securities Settlement Agreement below. Sysorex Receivable On February 20, 2019, the Company, Sysorex and Atlas Technology Group, LLC (“Atlas”) entered into a settlement agreement resulting in a net award of $941,796 whereby Atlas agreed to accept an aggregate of 16,655 -tradable -off As of April 14, 2021, the Sysorex Receivable was settled, see Sysorex Securities Settlement Agreement below. Sysorex Securities Settlement Agreement On April 14, 2021, the Company entered into a Securities Settlement Agreement (the “SSA”) and a Rights Letter Agreement (the “RLA”), each with Sysorex, whereby Sysorex agreed to satisfy in full its outstanding debt, in the aggregate amount of $9.1 million as of March 31, 2021, owed to the Company under that certain secured promissory note, originally dated December 31, 2018, as amended from time to time, and in connection with that certain settlement agreement, dated February 20, 2019, by and among the Company, Sysorex and Atlas Technology Group, LLC (the “Debt Settlement”). To effect the Debt Settlement, Sysorex agreed to issue to the Company (i) pursuant to the terms of the SSA, 12,972,189 The Company recorded $7.5 million for the release of the previously recorded valuation allowance, $1.6 million of interest income, and a gain on settlement of $49.8 million equal to the difference in the carry value of the promissory note, including interest and value of the common stock and rights to acquire additional shares received in the settlement. In connection with the Debt Settlement, the Company also entered into a Registration Rights Agreement, dated as of April 14, 2021 (the “RRA”), with Sysorex and certain other shareholders of Sysorex (the “Holders”). Pursuant to the terms of the RRA, Sysorex must, subject to certain limitations, register the resale of the shares of common stock held by the Company and the Holders, with the U.S. Securities and Exchange Commission (the “SEC”), during the period that begins on the 90 th Also, under the RRA, if Sysorex determines to prepare and file with the SEC a registration statement relating to an offering of any of its equity securities, for its own account or the account of others, then the Company and the Holders will have the right, subject to certain limitations, to require Sysorex to include in such registration statement all or any part of the shares of common stock held by them. Cardinal Health Ventures Investment Nadir Ali, our Chief Executive Officer and director, is also a member in CVH through 3AM, which may, in certain circumstances, be entitled to manage the affairs of CVH. Mr. Ali’s relationship may create conflicts of interest between Mr. Ali’s obligations to our company and its shareholders and his economic interests and possible fiduciary obligations in CVH through 3AM. For example, Mr. Ali may be in a position to influence or manage the affairs of CVH in a manner that may be viewed as contrary to the best interests of either the Company or CVH and their respective stakeholders. (See Note 14). Director Services Agreement The Company and Kareem Irfan, a director of the Company, have amended Mr. Irfan’s Director Services Agreement on May 16, 2022 (as amended, the “Amended Director Services Agreement”) to increase his quarterly compensation by an additional $10,000 per month as consideration for the additional time and efforts dedicated to the Company and management in support of the evaluation of strategic relationships and growth initiatives. The Amended Director Services Agreement supersedes and replaces all prior agreements by and between the Company and Mr. Irfan. |
Leases
Leases | 6 Months Ended | 12 Months Ended |
Jun. 30, 2023 | Dec. 31, 2022 | |
Leases [Abstract] | ||
Leases | Note 22 — Leases The Company has operating leases for administrative offices in the United States (California), India, the United Kingdom and Germany. The Company entered into two new operating leases for its administrative offices in Ratingen, Germany, both from February 1, 2021 through January 1, 2023. The Company extended the office lease for six months, expiring on July 31, 2023. The monthly lease rate is $5,756 per month. As part of the acquisition of IntraNav on December 9, 2021. the Company acquired right -of-use The Company entered into two new operating leases for its administrative office in Hyderabad, India and Manila, Philippines. The Hyderabad, India and Manila, Philippines office lease expires on March 25, 2025 and May 14, 2025, respectively. The Company early terminated one of its administrative offices in Hyderabad, India which generated an immaterial gain on lease termination which is included in the operating expenses section of the Condensed Consolidated Statements of Operations. The Company has no other operating or financing leases with terms greater than 12 months. Right -of-use As of As of Palo Alto, CA Office $ 630 $ 630 Hyderabad, India Office 19 — Ratingen, Germany Office 86 85 Berlin, Germany Office 514 508 Frankfurt, Germany Office 298 294 Less accumulated amortization (1,113 ) (986 ) Right-of-use asset, net $ 434 $ 531 Lease expense for operating leases recorded in the balance sheet is included in operating costs and expenses and is based on the future minimum lease payments recognized on a straight -line -term Lease liability is summarized below (in thousands): As of As of Total lease liability $ 445 $ 545 Less: short term portion (200 ) (211 ) Long term portion $ 245 $ 334 Maturity analysis under the lease agreement is as follows (in thousands): Six months ending December 31, 2023 $ 108 Year ending December 31, 2024 216 Year ending December 31, 2025 109 Year ending December 31, 2026 41 Year ending December 31, 2027 — Year ending December 31, 2028 and thereafter — Total $ 474 Less: Present value discount (29 ) Lease liability $ 445 Operating lease liabilities are based on the net present value of the remaining lease payments over the remaining lease term. In determining the present value of lease payments, the Company used its incremental borrowing rate based on the information available at the date of adoption of ASC 842, “Leases” (“ASC 842”). As of June 30, 2023, the weighted average remaining lease term is 2.4 years and the weighted average discount rate used to determine the operating lease liabilities was 4.0%. | Note 29 — Leases The Company has operating leases for administrative offices in the United States (California), Canada, India, United Kingdom and Germany. The Company terminated the lease in Ratingen, Germany in January 2021. The Company entered into two new operating leases for its administrative offices in Ratingen, Germany, both from February 1, 2021 through January 1, 2023. The monthly lease rate is approximately $2,774 and $1,083 per month. The Company renewed the operating lease, which expires on July 31, 2023. The new monthly lease rate is approximately $2,028 and $1,633. As part of the acquisition of IntraNav on December 9, 2021. the Company acquired right -of-use The Company entered into two new operating leases for its administrative office in Hyderabad, India and Manila, Philippines. The Hyderabad, India and Manila, Philippines office lease expires on March 25, 2025 and May 14, 2025, respectively.The Company has no other operating or financing leases with terms greater than 12 months. Right -of-use As of As of Palo Alto, CA Office $ 630 $ 631 Hyderabad, India Office 342 359 Coquitlam, Canada Office 91 97 Westminster, Canada Office — 10 Toronto, Canada Office 565 949 Ratingen, Germany Office 85 90 Berlin, Germany Office 508 536 Slough, United Kingdom Office — 34 Frankfurt, Germany Office 294 312 Manila, Philippines Office 247 — Less accumulated amortization (1,550 ) (1,281 ) Right-of-use asset, net $ 1,212 $ 1,737 Less discontinued operations (681 ) (724 ) Right-of-use asset, continuing operations $ 531 $ 1,013 Lease expense for operating leases recorded in the balance sheet is included in operating costs and expenses and is based on the future minimum lease payments recognized on a straight -line -term During the years ended December 31, 2022 and 2021, the Company recorded $0.7 million each year as rent expense to the right -of-use During the years ended December 31, 2022 and 2021, the Company recorded short -term Lease liability is summarized below (in thousands): As of As of Total lease liability $ 1,255 $ 1,751 Less: short term portion (477 ) (643 ) Long term portion $ 778 $ 1,108 Less discontinued operations (444 ) (531 ) Long term portion, continuing operations $ 334 $ 577 Maturity analysis under the lease agreement is as follows (in thousands): Year ending December 31, 2023 $ 539 Year ending December 31, 2024 454 Year ending December 31, 2025 275 Year ending December 31, 2026 98 Year ending December 31, 2027 — Total $ 1,366 Less: Present value discount (111 ) Lease liability $ 1,255 Less discontinued operations (710 ) Lease liability, continuing operations $ 545 Operating lease liabilities are based on the net present value of the remaining lease payments over the remaining lease term. In determining the present value of lease payments, the Company used its incremental borrowing rate based on the information available at the date of adoption of Topic 842. As of December 31, 2022, the weighted average remaining lease term is 2.79 and the weighted average discount rate used to determine the operating lease liabilities was 6.3%. |
Restructuring Activities
Restructuring Activities | 12 Months Ended |
Dec. 31, 2022 | |
Restructuring Activities [Abstract] | |
Restructuring Activities | Note 30 — Restructuring Activities On September 21, 2022, Inpixon informed its employees that it was taking steps to streamline its operations and conserve cash resources. These steps included layoffs which reduced Inpixon’s global employee headcount by approximately 20%. The layoffs resulted in one -time The Company recorded a Restructuring costs payable for costs incurred related to the restructuring activities noted above for costs incurred but not yet paid as of December 31, 2022. A summary of the activity for the year ended December 31, 2022, is included below (in thousands): Restructuring costs payable – January 1, 2022 $ — Restructuring costs incurred 845 Restructuring costs paid (793 ) Restructuring costs payable – December 31, 2022 $ 52 Less discontinued operations $ (52 ) Restructuring costs – continuing operations $ — |
Commitments and Contingencies
Commitments and Contingencies | 6 Months Ended | 12 Months Ended |
Jun. 30, 2023 | Dec. 31, 2022 | |
Commitments and Contingencies [Abstract] | ||
Commitments and Contingencies | Note 23 — Commitments and Contingencies Litigation Certain conditions may exist as of the date the consolidated financial statements are issued which may result in a loss to the Company, but which will only be resolved when one or more future events occur or fail to occur. The Company assesses such contingent liabilities, and such assessment inherently involves an exercise of judgment. In assessing loss contingencies related to legal proceedings that are pending against the Company, or unasserted claims that may result in such proceedings, the Company evaluates the perceived merits of any legal proceedings or unasserted claims, as well as the perceived merits of the amount of relief sought or expected to be sought therein. If the assessment of a contingency indicates that it is probable that a material loss has been incurred and the amount of the liability can be estimated, then the estimated liability would be accrued in the Company’s consolidated financial statements. If the assessment indicates that a potentially material loss contingency is not probable, but is reasonably possible, or is probable but cannot be estimated, then the nature of the contingent liability and an estimate of the range of possible losses, if determinable and material, would be disclosed. Loss contingencies considered remote are generally not disclosed, unless they involve guarantees, in which case the guarantees would be disclosed. There can be no assurance that such matters will not materially and adversely affect the Company’s business, financial position, and results of operations or cash flows. On August -cv-04249 -cv-04330-KAW -4 -4 | Note 31 — Commitments and Contingencies Litigation Certain conditions may exist as of the date the consolidated financial statements are issued which may result in a loss to the Company, but which will only be resolved when one or more future events occur or fail to occur. The Company assesses such contingent liabilities, and such assessment inherently involves an exercise of judgment. In assessing loss contingencies related to legal proceedings that are pending against the Company, or unasserted claims that may result in such proceedings, the Company evaluates the perceived merits of any legal proceedings or unasserted claims, as well as the perceived merits of the amount of relief sought or expected to be sought therein. If the assessment of a contingency indicates that it is probable that a material loss has been incurred and the amount of the liability can be estimated, then the estimated liability would be accrued in the Company’s consolidated financial statements. If the assessment indicates that a potentially material loss contingency is not probable, but is reasonably possible, or is probable but cannot be estimated, then the nature of the contingent liability and an estimate of the range of possible losses, if determinable and material, would be disclosed. Loss contingencies considered remote are generally not disclosed, unless they involve guarantees, in which case the guarantees would be disclosed. There can be no assurance that such matters will not materially and adversely affect the Company’s business, financial position, and results of operations or cash flows. However, the performance of our Company’s business, financial position, and results of operations or cash flows may be affected by unfavorable resolution of any particular matter. Compliance with Nasdaq Continued Listing Requirement On October 25, 2021, we received a letter from the Listing Qualifications Staff of The Nasdaq Stock Market LLC (“Nasdaq”) indicating that, based upon the closing bid price of our common stock (“Common Stock”) for the prior 30 consecutive business days beginning on September 13, 2021, and ending on October 22, 2021, the Company no longer met the requirement to maintain a minimum bid price of $1.00 per share, as set forth in Nasdaq Listing Rule 5550(a)(2). In accordance with Nasdaq Listing Rule 5810(c)(3)(A), we have been provided a period of 180 calendar days, or until April 25, 2022, in which to regain compliance (“Cure Period”). In order to regain compliance with the minimum bid price requirement, the closing bid price of our Common Stock must be at least $1.00 per share for a minimum of ten consecutive business. On April 26, 2022, Nasdaq granted us an extension for an additional 180 calendar days beyond the Cure Period, or until October 24, 2022, if we meet the continued listing requirement for market value of publicly held shares and all other initial listing standards for the Nasdaq, with the exception of the bid price requirement, and provide written notice to Nasdaq of our intent to cure the deficiency during this second compliance period, by effecting a reverse stock split, if necessary. We effected a 1 -for-75 |
Subsequent Events
Subsequent Events | 6 Months Ended | 12 Months Ended |
Jun. 30, 2023 | Dec. 31, 2022 | |
Subsequent Events [Abstract] | ||
Subsequent Events | Note 25 — Subsequent Events From July 1, 2023 through the date of this filing, the Company exchanged approximately $3.2 million of the outstanding principal and interest under the July 2022 10% Note Purchase Agreement and Promissory Note for 18,144,158 From July 1, 2023 through the date of this filing, the Company sold 41,393,825 During July 2023, the Company issued 9,000,000 XTI Transaction On July 24, 2023, the Company entered into an Agreement and Plan of Merger ( the “Merger Agreement”) by and among Inpixon, Superfly Merger Sub Inc., a Delaware corporation and a wholly -owned If the Merger Agreement is approved by Inpixon’s and XTI’s stockholders, and the transactions contemplated by the Merger Agreement are consummated, Merger Sub will merge with and into XTI, with XTI surviving the merger as a wholly -owned Subject to the terms and conditions of the Merger Agreement, at the effective time of the merger (the “Effective Time”): (i) (ii) (iii) Subject to adjustment pursuant to the formula for the Exchange Ratio set forth in Exhibit A of the Merger Agreement, the Exchange Ratio will be determined based on (a) the fully diluted capitalization of each of Inpixon and XTI immediately prior to the Effective Time, provided, however, that for this purpose the calculation of Inpixon’s fully diluted capitalization will not take into account any shares of Inpixon common stock issuable after Closing for cash consideration upon conversion, exercise or exchange of derivative securities that are issued by Inpixon in Inpixon Permitted Issuances. “Inpixon Permitted Issuances” are any issuances of common stock or derivative securities by Inpixon for financing or debt cancellation purposes that are permitted under the Merger Agreement and occur after the date of the Merger Agreement but before the Closing. The Exchange Ratio will be subject to certain adjustments to the extent that Inpixon’s net cash is greater than or less than $21.5 million and/or any principal and accrued or unpaid interest remains outstanding under those certain promissory notes issued by Inpixon to Streeterville Capital, LLC on July 22, 2022 and December 30, 2022. After application of the Exchange Ratio and subject to those certain adjustments described above, Inpixon stockholders immediately prior to the Effective Time will retain approximately 40% of the issued and outstanding capital stock of the combined company and XTI security holders will retain approximately 60% of the issued and outstanding capital stock of the combined company. At or prior to the Effective Time, Inpixon will effect transactions for the divestiture of its Shoom, SAVES and Game Your Game lines of business and investment securities, as applicable, by any lawful means, including a sale to one or more third parties, spin off, plan of arrangement, merger, reorganization, or any combination of these. The Proposed Transaction is anticipated to be accounted for using the acquisition method (as a reverse acquisition) in accordance with GAAP. Although the Company is the legal acquirer and will issue shares of its common stock to effect the merger with XTI, XTI is expected to be the accounting acquirer. Under this method of accounting, the Company is expected to be treated as the “acquired” company for financial reporting purposes. XTI has been determined to be the accounting acquirer because XTI is expected to maintain control of the Board of Directors and management of the combined company, and the preexisting shareholders of XTI are expected to have majority voting rights of the combined company. For accounting purposes, the acquirer is the entity that has obtained control of another entity and, those consummated a business combination. Under the acquisition method of accounting (as a reverse acquisition), XTI’s assets and liabilities will be recorded at carrying value and the assets and liabilities associated with the Company will be recorded at estimated fair value as of the acquisition date. The excess of the purchase price over the estimated fair values of the net assets acquired, if applicable will be recognized as goodwill. In order to consummate the Proposed Transaction, the Company’s stockholders must approve (i) the issuance of shares of the Company’s common stock to stockholders of XTI pursuant to the terms of the Merger Agreement and the change of control of Inpixon resulting from the merger under The Nasdaq Stock Market LLC rules (the Nasdaq Stock Issuance Proposal). The Proposed Transaction cannot be consummated without the approval of the Nasdaq Stock Issuance Proposal. The Company anticipates that the Proposed Transaction will occur shortly after the Company’s special meeting to be held for stockholder approval, but currently cannot predict the exact timing. It is expected that Inpixon’s Chief Executive Officer, Nadir Ali, and Chief Financial Officer, Wendy Loundermon, will resign upon the Closing, effective as of the Closing Date. In addition, pursuant to a Financial Advisory and Investment Banking Services Agreement dated May 16, 2023, between Inpixon and Maxim Group LLC (“Maxim”) (the “Maxim Agreement”), as part of compensation for Maxim’s services in connection with the transaction, Inpixon has agreed to pay to Maxim, upon Closing, a cash fee equal to $800,000 (the “Cash Fee”), and to issue to Maxim (or its designees) registered common stock of Inpixon pursuant to the applicable registration statement on Form S -4 XTI Promissory Note & Security Agreement Pursuant to the Merger Agreement, on the first calendar day of the month following the date of the Merger Agreement and on the first calendar day of each month thereafter until the earlier of (i) four months following the date of the Merger Agreement and (ii) the Closing Date, Inpixon shall provide loans to XTI on a senior secured basis (each, a “Future Loan”), in such amounts requested by XTI in writing prior to the first calendar day of each such month. Each Future Loan will be in the principal amount of up to $500,000, and the aggregate amount of the Future Loans will be up to $1,775,000 (or such greater amount as Inpixon shall otherwise agree in its sole and absolute discretion). These Future Loans and security will be evidenced by a Senior Secured Promissory Note (the “Promissory Note”) and a Security and Pledge Agreement (the “Security Agreement”). The Promissory Note provides an aggregate principal amount up to $2,313,407, which amount includes the principal sum of $525,000 which Inpixon previously advanced to XTI (the “Existing Loans”, collectively with the Future Loans, the “Inpixon Loans to XTI”) plus accrued interest on such amount, and the aggregate principal amount of the Future Loans. The Promissory Note will bear interest at 10% per annum, compounded annually, and for each Future Loan, beginning on the date the Future Loan is advanced to XTI. The Promissory Note is included in the Company’s condensed consolidated balance sheet as of June 30, 2023 in Notes and Other Receivables. The outstanding principal amount under the Promissory Note, together with all accrued and unpaid interest, shall be due and payable upon the earlier of (a) December 31, 2023, (b) when declared due and payable by Inpixon upon the occurrence of an event of default, or (c) within three business days following termination of the Merger Agreement (i) by XTI because the XTI Board adopts a superior proposal prior to delivering the XTI Stockholder Consent, or (ii) by Inpixon because the XTI Board has made a change in recommendation, or XTI has breached or failed to perform in any material respect any of its covenants and agreements regarding obtaining its required stockholder approval or non -solicitation -solicitation | Note 32 — Subsequent Events Game Your Game, the Company’s subsidiary, entered into a promissory note with an individual whereby it received approximately $0.03 million on January 13, 2023 for funding of liabilities and working capital needs. The promissory note has an interest rate of 8% and is due on or before June 30, 2023. On February 27, 2023, the Company entered into Limited Liability Company Unit Transfer and Joinder Agreements with certain of the Company’s employees (the “Transferees”), pursuant to which (i) the Company transferred all of its Class A Units of CVH (the “Class A Units”), an aggregate of 599,999 Class A Units, to the Transferees as bonus consideration in connection with each Transferee’s services performed for and on behalf of the Company as an employee, as applicable, which was approved by the board of directors during the quarter ended March 31, 2023 and (ii) each Transferee became a member of CVH and a party to the Amended and Restated Limited Liability Company Agreement of CVH, dated as of September 30, 2020. During the quarter ended March 31, 2023, the Company exchanged approximately $0.9 million of the outstanding principal and interest under the March 2020 10% Note Purchase Agreement and Promissory Note for 611,258 During 2023 through the date of this filing, the Company exchanged approximately $1.1 million of the outstanding principal and interest under the July 2022 Note Purchase Agreement and Promissory Note for 2,517,397 During the quarter ended March 31, 2023, the Company sold 9,655,207 During January 2023, the Company issued 1,380,000 -funded On April 14, 2023, the Company received a letter from the Listing Qualifications Staff of The Nasdaq Stock Market LLC (“Nasdaq”) indicating that, based upon the closing bid price of our common stock for the last 30 consecutive business days beginning on March 2, 2023, and ending on April 13, 2023, the Company no longer meets the requirement to maintain a minimum bid price of $1 per share, as set forth in Nasdaq Listing Rule 5550(a)(2). In accordance with Nasdaq Listing Rule 5810(c)(3)(A), the Company has been provided a period of 180 calendar days, or until October 11, 2023, in which to regain compliance. In order to regain compliance with the minimum bid price requirement, the closing bid price of our common stock must be at least $1 per share for a minimum of ten consecutive business days during this 180 -day -day and provides written notice to Nasdaq of its intent to cure the deficiency during this second compliance period, by effecting a reverse stock split, if necessary. However, if it appears to the Nasdaq staff that the Company will not be able to cure the deficiency, or if the Company is otherwise not eligible, Nasdaq will provide notice to the Company that our common stock will be subject to delisting. The letter does not result in the immediate delisting of our common stock from the Nasdaq Capital Market. The Company intends to monitor the closing bid price of our common stock and consider its available options in the event that the closing bid price of our common stock remains below $1 per share. Warrant Amendments On February 28, 2023, the Company entered into warrant amendments (the “Warrant Amendments”) with certain holders (each, including its successors and assigns, a “Holder” and collectively, the “Holders”) of (i) those certain Common Stock Purchase Warrants issued by the Company in April 2018 (the “April 2018 Warrants”) pursuant to the registration statement on Form S -3 -204159 -3 -256827 -3 -256827 Pursuant to the Warrant Amendments, the Company and the Holders have agreed to amend (i) the September 2021 Warrants and the March 2022 Warrants to provide that all of such outstanding warrants shall be automatically exchanged for shares of common stock of the Company, at a rate of 0.33 In connection with the exchange for all of the then outstanding September 2021 Warrants and March 2022 Warrants as of the effective date of the Warrant Amendments, the Company issued 76,794 Exchange Shares and 248,124 Exchange Shares, respectively, resulting in the issuance of 324,918 Exchange Shares in the aggregate. Enterprise Apps Spin-off and Business Combination On March 14, 2023, Inpixon completed (the “Closing”) the separation (the “Separation”) of its enterprise apps business (including its workplace experience technologies, indoor mapping, events platform, augmented reality and related business solutions) (the “Enterprise Apps Business”) through a spin -off -off In connection with the Closing, KINS was renamed CXApp Inc. (“New CXApp”). Pursuant to the Transaction Agreements, Inpixon contributed to CXApp cash and certain assets and liabilities constituting the Enterprise Apps Business, including certain related subsidiaries of Inpixon, to CXApp (the “Contribution”). In consideration for the Contribution, CXApp issued to Inpixon additional shares of CXApp common stock such that the number of shares of CXApp common stock then outstanding equaled the number of shares of CXApp common stock necessary to effect the Distribution. Pursuant to the Distribution, Inpixon’s stockholders and certain other securityholders as of the Record Date received one share of CXApp common stock for each share of Inpixon common stock held as of such date. Pursuant to the Merger Agreement, each share of Legacy CXApp common stock was thereafter exchanged for the right to receive 0.09752221612415190 of a share of New CXApp Class A common stock (with fractional shares rounded down to the nearest whole share) and 0.3457605844401750 of a share of New CXApp Class C common stock (with fractional shares rounded down to the nearest whole share). New CXApp Class A common stock and New CXApp Class C common stock are identical in all respects, except that New CXApp Class C common stock is not listed and will automatically convert into New CXApp Class A common stock on the earlier to occur of (i) the 180 th -trading As of the Closing, CXApp is expected to have approximately $10 million of net cash. The transaction is expected to be tax -free |
Discontinued Operations
Discontinued Operations | 6 Months Ended | 12 Months Ended |
Jun. 30, 2023 | Dec. 31, 2022 | |
Discontinued Operations [Abstract] | ||
Discontinued Operations | Note 24 — Discontinued Operations On March 14, 2023, the Company completed the Business Combination which divested its Enterprise Apps Business and certain related assets and liabilities through a spin -off -off -off Three Months Six Months Six Months Revenues $ 2,149 $ 1,620 $ 4,731 Cost of Revenues 540 483 1,129 Gross Profit 1,609 1,137 3,602 Operating Expenses Research and development 2,430 1,514 4,421 Sales and marketing 1,570 988 2,676 General and administrative 2,497 1,644 3,914 Earnout compensation benefit — — (2,827 ) Acquisition related costs 10 — 16 Transaction costs — 1,043 — Impairment of goodwill 5,540 — 5,540 Amortization of intangibles 973 805 1,948 Total Operating Expenses 13,020 5,994 15,688 Loss from Operations (11,411 ) (4,857 ) (12,086 ) Interest (expense)/income, net 8 1 9 Other income/(expense) — — — Total Other Income (Expense) 8 1 9 Loss from discontinued operations, before tax (11,403 ) (4,856 ) (12,077 ) Income tax provision 38 — (62 ) Loss from discontinued operations, net of tax $ (11,365 ) $ (4,856 ) $ (12,139 ) Cash used in operating activities by the Enterprise Apps Business totaled approximately $0.8 million and $3.0 million for the three months ended March 31, 2023 and 2022, respectively. Cash provided by investing activities from the Enterprise Apps Business totaled approximately $0.1 million for the three months ended March 31, 2023 and cash used in investing activities by the Enterprise Apps Business totaled approximately $0.04 million for the three months ended March 31, 2022. The following table summarizes certain assets and liabilities of discontinued operations: As of Current Assets of Discontinued Operations Cash and cash equivalents $ 10,000 Accounts receivable 1,338 Prepaid expenses and other current assets 923 Current Assets of Discontinued Operations $ 12,261 Long Term Assets of Discontinued Operations Property and equipment, net $ 202 Operating Lease Right-of-Use Asset, net 681 Software development costs, net 487 Intangible assets, net 19,289 Other Assets 52 Long Term Assets of Discontinued Operations $ 20,711 Current Liabilities of Discontinued Operations Accounts payable $ 1,054 Accrued liabilities 1,736 Operating lease obligation, current 266 Deferred revenue 2,162 Current Liabilities of Discontinued Operations $ 5,218 Long Term Liabilities of Discontinued Operations Operating lease obligation, noncurrent $ 444 Other Liabilities, noncurrent 28 Long Term Liabilities of Discontinued Operations $ 472 | Note 33 — Discontinued Operations On March 14, 2023, the Company completed the Business Combination which divested its Enterprise Apps Business and certain related assets and liabilities through a spin -off -20 -off The Company noted that Legacy CXApp was part of the Company’s Indoor Intelligence segment. The net assets distributed as a result of the Enterprise Apps Spin -off The operations related to CXApp met the criteria within ASC 205 -20 -off The following table summarizes certain selected components of income from discontinued operations: Year Ended Year Ended Revenues $ 8,470 $ 6,368 Cost of Revenues 2,064 1,646 Gross Profit 6,406 4,722 Operating Expenses Research and development 9,323 6,704 Sales and marketing 4,996 4,763 General and administrative 10,540 20,607 Acquisition related costs 16 628 Impairment of goodwill and intangibles 5,540 11,896 Amortization of intangibles 3,885 3,046 Total Operating Expenses 34,300 47,644 Loss from Operations (27,894 ) (42,922 ) Other Income (Expense) Interest (expense)/income, net 4 1 Other income/(expense) (1 ) — Total Other Income (Expense) 3 1 Loss from discontinued operations, before tax (27,891 ) (42,921 ) Income tax (expense)/benefit (184 ) 5,201 Loss from discontinued operations, net of tax $ (28,075 ) $ (37,720 ) Cash used in operating activities from discontinued operations totaled approximately $17.8 million and $10.0 million for the years ended December 31, 2022 and 2021, respectively. Cash used in investing activities from discontinued operations totaled approximately $0.5 million and $0.4 million for the year ended December 31, 2022 and 2021, respectively. Cash provided by financing activities from discontinued operations totaled approximately $23.3 million and $20.4 million for the years ended December 31, 2022 and 2021, respectively. The following table summarizes certain assets and liabilities of discontinued operations: As of December 31, 2022 2021 Current Assets of Discontinued Operations Cash and cash equivalents $ 10,000 10,000 Accounts receivable 1,338 1,764 Notes and other receivables 273 106 Inventory — 11 Prepaid expenses and other current assets 650 889 Current Assets of Discontinued Operations $ 12,261 $ 12,770 Long Term Assets of Discontinued Operations Property and equipment, net $ 202 $ 231 Operating Lease Right-of-Use Asset, net 681 723 Software development costs, net 487 648 Intangible assets, net 19,289 23,468 Goodwill — 5,545 Other Assets 52 76 Long Term Assets of Discontinued Operations $ 20,711 $ 30,691 Current Liabilities of Discontinued Operations Accounts payable $ 1,054 $ 661 Accrued liabilities 1,736 7,882 Operating lease obligation, current 266 213 Deferred revenue 2,162 3,145 Current Liabilities of Discontinued Operations $ 5,218 $ 11,901 Long Term Liabilities of Discontinued Operations Operating lease obligation, noncurrent $ 444 $ 531 Other Liabilities, noncurrent 28 28 Long Term Liabilities of Discontinued Operations $ 472 $ 559 |
Basis of Presentation
Basis of Presentation | 6 Months Ended |
Jun. 30, 2023 | |
Summary of Significant Accounting Policies [Abstract] | |
Basis of Presentation | Note 2 — Basis of Presentation The accompanying unaudited condensed consolidated financial statements of the Company have been prepared in accordance with generally accepted accounting principles in the United States of America (“GAAP”), for interim financial information and the rules and regulations of the Securities and Exchange Commission (“SEC”). Accordingly, they do not include all of the information and footnotes required by GAAP for complete financial statements. In the opinion of management, all adjustments (consisting of normal recurring accruals) considered necessary for a fair presentation have been included. Interim results for the three and six months ended June 30, 2023 are not necessarily indicative of the results for the full year ending December 31, 2023. These interim unaudited condensed consolidated financial statements should be read in conjunction with the Company’s audited consolidated financial statements and notes for the years ended December 31, 2022 and 2021 included in the annual report on Form 10 -K -k |
Segments
Segments | 6 Months Ended |
Jun. 30, 2023 | |
Segments [Abstract] | |
Segments | Note 18 — Segments The Company’s operations consist of three reportable segments based on similar economic characteristics, the nature of products and production processes, end -use The Company completed the Enterprise Apps Spin -off -20 -off Gross profit is the primary measure of segment profitability used by the Company’s Chief Operating Decision Maker (“CODM”). Revenues and gross profit segments consisted of the following (in thousands): For the Three Months Ended For the Six Months Ended 2023 2022 2023 2022 Revenue by Segment Indoor Intelligence $ 840 $ 1,337 $ 2,749 $ 2,734 SAVES 743 727 1,461 1,461 Shoom 474 512 951 1,030 Total segment revenue $ 2,057 $ 2,576 $ 5,161 $ 5,225 Gross profit by Segment Indoor Intelligence $ 597 $ 804 $ 1,891 $ 1,741 SAVES 655 481 1,274 974 Shoom 415 435 816 857 Gross profit by Segment $ 1,667 $ 1,720 $ 3,981 $ 3,572 Income (loss) from operations by Segment Indoor Intelligence $ (6,733 ) $ (8,646 ) $ (14,849 ) $ (17,660 ) Saves (144 ) (975 ) (439 ) (1,379 ) Shoom 220 248 449 428 Loss from operations by Segment $ (6,657 ) $ (9,373 ) $ (14,839 ) $ (18,611 ) The reporting package provided to the Company’s CODM does not include the measure of assets by segment as that information isn’t reviewed by the CODM when assessing segment performance or allocating resources. |
Accounting Policies, by Policy
Accounting Policies, by Policy (Policies) | 6 Months Ended | 12 Months Ended |
Jun. 30, 2023 | Dec. 31, 2022 | |
Summary of Significant Accounting Policies [Abstract] | ||
Liquidity | Liquidity As of June 30, 2023, the Company has a working capital surplus of approximately $0.02 million, and cash of approximately $15.7 million. For the three and six months ended June 30, 2023, the Company had a net loss of approximately $7.3 million and $24.5 million, respectively. During the six months ended June 30, 2023, the Company used approximately $15.8 million of cash for operating activities. | Liquidity As of December 31, 2022, the Company has working capital of approximately $5.2 million and cash of approximately $20.2 million. The total cash from continuing operations was $10.2 million and the continuing operations working capital was ($1.9) million. For the year ended December 31, 2022, the Company incurred a net loss attributable to common stockholders of approximately $79.6 million, of which a loss of $28.1 million pertains to discontinued operations, and net cash used in operating activities during the year ended December 31, 2022 was $34.0 million of which net cash of $17.8 million pertains to discontinued operations. During the first quarter of 2022, the Company was required to redeem its Series 7 Preferred Stock for an aggregate amount of $49.3 million. On March 22, 2022, the Company entered into a Securities Purchase Agreement with certain institutional investors named therein, pursuant to which it sold in a registered direct offering (i) 53,197.7234 shares of Series 8 Convertible Preferred Stock and (ii) related warrants to purchase up to an aggregate of 1,503,726 shares of common stock. Each share of Series 8 Convertible Preferred Stock and the related warrants were sold at a subscription amount of $940, representing an original issue discount of 6% of the stated value of each share of Series 8 Convertible Preferred Stock for an aggregate subscription amount of $50.0 million. The net proceeds to the Company from this offering was $46.9 million after placement agent commissions and other offering costs. See further breakdown in Note 18 On July 22, 2022, the Company entered into a note purchase agreement pursuant to which it agreed to issue and sell to a holder an unsecured promissory note in an aggregate initial principal amount of $6.5 million for which in exchange for the note, the company received $5.0 million. Additionally on July 22, 2022, the Company entered into an Equity Distribution Agreement (the “Sales Agreement”) under which the Company may offer and sell shares of its common stock having an aggregate offering price of up to $25.0 million. The Company did not make any sales pursuant to the Sales Agreement as of December 31, 2022, however, it has raised gross proceeds of approximately $15.4 million under the Sales Agreement during the first quarter of 2023. On October 18, 2022, the Company entered into a Securities Purchase Agreement with an institutional investor, pursuant to which the Company agreed to issue and sell, in a registered direct offering, 253,112 shares of the Company’s common stock, warrants to purchase up to 3,846,153 shares of common stock at a combined offering price of $5.85 per share and pre -funded -funded -funded On December 30, 2022, the Company entered into a note purchase agreement pursuant to which it agreed to issue and sell to a holder an unsecured promissory note in an aggregate initial principal amount of $8.4 million, for which in exchange for the note, the company received $6.5 million. |
Risks and Uncertainties | Risks and Uncertainties The Company cannot assure you that we will ever earn revenues sufficient to support our operations, or that we will ever be profitable. In order to continue our operations, we have supplemented the revenues we earned with proceeds from the sale of our equity and debt securities and proceeds from loans and bank credit lines. While the impact of the COVID -19 Certain global events, such as the continued impact of the pandemic, the recent military conflict between Russia and Ukraine, market volatility and other general economic factors that are beyond our control may impact our results of operations. These factors can include interest rates; recession; inflation; unemployment trends; the threat or possibility of war, terrorism or other global or national unrest; political or financial instability; and other matters that influence our customers spending. Increasing volatility in financial markets and changes in the economic climate could adversely affect our results of operations. We also expect that supply chain interruptions and constraints, and increased costs on parts, materials and labor may continue to be a challenge for our business. While we have been able to realize growth during the year ended December 31, 2022 as compared to the same period in 2021, the impact that these global events will have on general economic conditions is continuously evolving and the ultimate impact that they will have on our results of operations continues to remain uncertain. There are no assurances that we will be able to continue to experience the same growth or not be materially adversely effected. The Company’s recurring losses and utilization of cash in its operations are indicators of going concern however with the Company’s current liquidity position, including the cash raised under promissory notes and under the Sales Agreement subsequent to year end, less the funds required to be contributed with the spin -off | |
Consolidations | Consolidations The consolidated financial statements have been prepared using the accounting records of Inpixon, Inpixon GmbH, Inpixon Limited, Nanotron Technologies, GmBh, Intranav GmbH, Inpixon India Limited and Game Your Game, Inc. The consolidated financial statements also include financial data of Inpixon Canada, Inc., Design Reactor, Inc. and Inpixon Philippines, Inc. through March 14, 2023, which is the date those entities were spun off in the Enterprise Apps Spin -off -company | Consolidations The consolidated financial statements have been prepared using the accounting records of Inpixon, Inpixon Canada, Inc., Inpixon GmbH, Inpixon Limited, Nanotron Technologies, GmBh, Intranav GmbH, Inpixon India Limited, Game Your Game, Inc., Design Reactor, Inc. (the CXApp) and Inpixon Philippines, Inc. All material inter -company |
Use of Estimates | Use of Estimates The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during each of the reporting periods. Actual results could differ from those estimates. The Company’s significant estimates consist of: • -based • • • • • -lived | Use of Estimates The preparation of financial statements in conformity with generally accepted accounting principles in the United States of America (“GAAP”) requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during each of the reporting periods. Actual results could differ from those estimates. The Company’s significant estimates consist of: • -based • • • • • • -lived • |
Business Combinations | Business Combinations The Company accounts for business combinations under Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) 805, “Business Combinations” using the acquisition method of accounting, and accordingly, the assets and liabilities of the acquired business are recorded at their fair values at the date of acquisition. The excess of the purchase price over the estimated fair value is recorded as goodwill. All acquisition costs are expensed as incurred. Upon acquisition, the accounts and results of operations are consolidated as of and subsequent to the acquisition date. | Business Combinations The Company accounts for business combinations under Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) 805 “Business Combinations” using the acquisition method of accounting, and accordingly, the assets and liabilities of the acquired business are recorded at their fair values at the date of acquisition. The excess of the purchase price over the estimated fair value is recorded as goodwill. All acquisition costs are expensed as incurred. Upon acquisition, the accounts and results of operations are consolidated as of and subsequent to the acquisition date. |
Cash and Cash Equivalents | Cash and Cash Equivalents Cash and cash equivalents consist of cash, checking accounts, money market accounts and temporary investments with maturities of three months or less when purchased. As of December 31, 2022 and 2021, the Company had no cash equivalents. | |
Accounts Receivable, net and Allowance for Credit Losses | Accounts Receivable, net and Allowance for Credit Losses Accounts receivables are stated at the amount the Company expects to collect. The Company recognizes an allowance for credit losses to ensure accounts receivables are not overstated due to un -collectability -time | |
Inventory | Inventory Finished goods are measured at the cost of manufactured products including direct materials and subcontracted services. Nanotron, states finished goods at the lower of cost and net realizable value on an average cost basis. As the inventory held by Nanotron is typically small dollar value items with small variances in price, an estimate or average is used to determine the balance of inventory. All other subsidiaries of the Company state inventory utilizing the first -in -out -moving | |
Investment in equity securities- fair value | Investment in equity securities- fair value Investment securities — fair value consist primarily of investments in equity securities and are carried at fair value in accordance with ASC 321, “Investments -Equity | Investments Short-term investments Investments with maturities greater than 90 days but less than one year are classified as short -term Our short -term -for-sale Mezzanine equity When ordinary or preferred shares are determined to be conditionally redeemable upon the occurrence of certain events that are not solely within the control of the issuer, and upon such event, the shares would become redeemable at the option of the holders, they are classified as ‘mezzanine equity’ (temporary equity). The purpose of this classification is to convey that such a security may not be permanently part of equity and could result in a demand for cash, securities or other assets of the entity in the future. Investment in equity securities- fair value Investment securities — fair value consist primarily of investments in equity securities and are carried at fair value in accordance with ASC 321, Investments -Equity Securities |
Property and Equipment, net | Property and Equipment, net Property and equipment are recorded at cost less accumulated depreciation and amortization. The Company depreciates its property and equipment for financial reporting purposes using the straight -line | |
Intangible Assets | Intangible Assets Intangible assets primarily consist of developed technology, customer lists/relationships, non -compete | |
Acquired In-Process Research and Development (“IPR&D”) | Acquired In-Process Research and Development (“IPR&D”) In accordance with authoritative guidance, the Company recognizes IPR&D at fair value as of the acquisition date, and subsequently accounts for it as an indefinite -lived The Company continues to seek additional resources, through both capital raising efforts and meeting with industry experts, for further development of these technologies. Through December 31, 2022, the Company has made some progress with raising capital since these acquisitions, building their pipeline and getting industry acknowledgment. The Company has been recognized by leading industry analysts in a report on leading indoor positioning companies and was also awarded the IoT Security Excellence award by TMC and Crossfire Media. Management remains focused on growing revenue from these products and continues to pursue efforts to recognize the value of the technologies. If the Company chooses to abandon these efforts, or if the Company determines that such funding is not available, the related technologies could be subject to significant impairment. | |
Goodwill | Goodwill The Company tests goodwill for potential impairment at least annually, or more frequently if an event or other circumstance indicates that the Company may not be able to recover the carrying amount of the net assets of the reporting unit. The Company has determined that the reporting unit is the entire company, due to the integration of all of the Company’s activities. In evaluating goodwill for impairment, the Company may assess qualitative factors to determine whether it is more likely than not (that is, a likelihood of more than 50%) that the fair value of a reporting unit is less than its carrying amount. If the Company bypasses the qualitative assessment, or if the Company concludes that it is more likely than not that the fair value of a reporting unit is less than its carrying value, then the Company performs a quantitative impairment test by comparing the fair value of a reporting unit with its carrying amount. The Company calculates the estimated fair value of a reporting unit using a weighting of the income and market approaches. For the income approach, the Company uses internally developed discounted cash flow models that include the following assumptions, among others: projections of revenues, expenses, and related cash flows based on assumed long -term The Company has recorded impairment of goodwill of $7.6 million and $14.8 million during the years ended December 31, 2022 and 2021, respectively, of which $5.5 million and $11.9 million pertain to discontinued operations. | |
Other Long Term Investments | Other Long Term Investments The Company invests in certain equity -method -month | |
Software Development Costs | Software Development Costs The Company develops and utilizes internal software for the processing of data provided by its customers. Costs incurred in this effort are accounted for under the provisions of ASC 350 -40 -20 | |
Leases and Right-of-Use Assets | Leases and Right-of-Use Assets The Company determines if an arrangement is a lease at its inception. Operating lease liabilities are recognized at the lease commencement date based on the present value of lease payments over the lease term. The Company generally uses their incremental borrowing rate based on the information available at the lease commencement date in determining the present value of future payments, because the implicit rate of the lease is generally not known. Right -of-use -of-use -line one | |
Research and Development | Research and Development Research and development costs consist primarily of professional fees and compensation expense. All research and development costs are expensed as incurred. Research and development costs as of December 31, 2022 and 2021 were $17.7 million and $14.1 million, respectively, of which $9.3 million and $6.7 million pertain to discontinued operations. | |
Loans and Notes Receivable | Loans and Notes Receivable The Company evaluates loans and notes receivable that don’t qualify as securities pursuant to ASC 310 — “Receivables”, wherein such loans would first be classified as either “held for investment” or ‘held for sale.” Loans would be classified as “held for investment”, if the Company has the intent and ability to hold the loan for the foreseeable future, or to maturity or pay -off to sell the loan. Loan receivables classified as “held for investment” are carried on the balance sheet at their amortized cost and are periodically evaluated for impairment. Loan receivables classified as “held for sale” are carried on the balance sheet at the lower of their amortized cost or fair value, with a valuation allowance being recorded (with a corresponding income statement charge) if the amortized cost exceeds the fair value. For loans carried on the balance sheet at fair value, changes to the fair value amount that relate solely to the passage of time will be recorded as interest income. | |
Income Taxes | Income Taxes The Company accounts for income taxes using the asset and liability method. Accordingly, deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between financial statement carrying amounts of existing assets and liabilities and their respective tax bases. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in the tax rate is recognized in income or expense in the period that the change is effective. Income tax benefits are recognized when it is probable that the deduction will be sustained. A valuation allowance is established when it is more likely than not that all or a portion of a deferred tax asset will either expire before the Company is able to realize the benefit, or that future deductibility is uncertain. | |
Non-Controlling Interest | Non-Controlling Interest The Company has an 82.5% equity interest in Inpixon India, a 99.97% equity interest in Inpixon Philippines and a 55.4% equity interest in Game Your Game as of December 31, 2022. The portion of the Company’s equity attributable to this third party non -controlling -off Approximately $1.1 million of earnings have been reclassified from controlling accumulated deficit to non -controlling | |
Foreign Currency Translation | Foreign Currency Translation Assets and liabilities related to the Company’s foreign operations are calculated using the Indian Rupee, Canadian Dollar, British Pound, Philippine Peso and Euro, and are translated at end -of-period | |
Comprehensive Income (Loss) | Comprehensive Income (Loss) The Company reports comprehensive income (loss) and its components in its consolidated financial statements. Comprehensive loss consists of net loss, foreign currency translation adjustments and unrealized gains and losses from marketable securities, affecting stockholders’ (deficit) equity that, under GAAP, are excluded from net loss. | |
Revenue Recognition | Revenue Recognition The Company recognizes revenue when control is transferred of the promised products or services to its customers, in an amount that reflects the consideration the Company expects to be entitled to in exchange for those products or services. The Company derives revenue from software as a service, design and implementation services for its Indoor Intelligence systems, and professional services for work performed in conjunction with its systems. Hardware and Software Revenue Recognition For sales of hardware and software products, the Company’s performance obligation is satisfied at a point in time when they are shipped to the customer. This is when the customer has title to the product and the risks and rewards of ownership. The delivery of products to Inpixon’s customers occurs in a variety of ways, including (i) as a physical product shipped from the Company’s warehouse, (ii) via drop -shipment -party -ship Software As A Service Revenue Recognition With respect to sales of the Company’s maintenance, consulting and other service agreements including the Company’s digital advertising and electronic services, customers pay fixed monthly fees in exchange for the Company’s service. The Company’s performance obligation is satisfied over time as the digital advertising and electronic services are provided continuously throughout the service period. The Company recognizes revenue evenly over the service period using a time -based Professional Services Revenue Recognition The Company’s professional services include milestone, fixed fee and time and materials contracts. Professional services under milestone contracts are accounted for using the percentage of completion method. As soon as the outcome of a contract can be estimated reliably, contract revenue is recognized in the consolidated statement of operations in proportion to the stage of completion of the contract. Contract costs are expensed as incurred. Contract costs include all amounts that relate directly to the specific contract, are attributable to contract activity, and are specifically chargeable to the customer under the terms of the contract. Professional services are also contracted on the fixed fee and time and materials basis. Fixed fees are paid monthly, in phases, or upon acceptance of deliverables. The Company’s time and materials contracts are paid weekly or monthly based on hours worked. Revenue on time and material contracts is recognized based on a fixed hourly rate as direct labor hours are expended. Materials, or other specified direct costs, are reimbursed as actual costs and may include markup. The Company has elected the practical expedient to recognize revenue for the right to invoice because the Company’s right to consideration corresponds directly with the value to the customer of the performance completed to date. For fixed fee contracts including maintenance service provided by in house personnel, the Company recognizes revenue evenly over the service period using a time -based elected the practical expedient in ASC 606 -10-50-14 License Revenue Recognition The Company enters into contracts with its customers whereby it grants a non -exclusive -premise -going -premises The timing of the Company’s revenue recognition related to the licensing revenue stream is dependent on whether the software licensing agreement entered into represents a good or service. Software that relies on an entity’s IP and is delivered only through a hosting arrangement, where the customer cannot take possession of the software, is a service. A software arrangement that is provided through an access code or key represents the transfer of a good. Licenses for on -premises -premises Renewals or extensions of licenses are evaluated as distinct licenses (i.e., a distinct good or service), and revenue attributed to the distinct good or service cannot be recognized until (1) the entity provides the distinct license (or makes the license available) to the customer and (2) the customer is able to use and benefit from the distinct license. Renewal contracts are not combined with original contracts, and, as a result, the renewal right is evaluated in the same manner as all other additional rights granted after the initial contract. The revenue is not recognized until the customer can begin to use and benefit from the license, which is typically at the beginning of the license renewal period. Therefore, the Company recognizes revenue resulting from renewal of licensed software at a point in time, specifically, at the beginning of the license renewal period. The Company recognizes revenue related to Maintenance Services evenly over the service period using a time -based Contract Balances The timing of the Company’s revenue recognition may differ from the timing of payment by its customers. The Company records a receivable when revenue is recognized prior to payment and the Company has an unconditional right to payment. Alternatively, when payment precedes the provision of the related services, the Company records deferred revenue until the performance obligations are satisfied. The Company had deferred revenue of approximately $3.5 million and $4.8 million, as of December 31, 2022 and 2021,respectively, of which $2.2 million and $3.1 million pertain to discontinued operations , related to cash received in advance for product maintenance services and professional services provided by the Company’s technical staff. The Company expects to satisfy its remaining performance obligations for these maintenance services and professional services, and recognize the deferred revenue and related contract costs over the next twelve months. Costs to Obtain a Contract The Company recognizes eligible sales commissions as an asset as the commissions are an incremental cost of obtaining a contract with the customer and the Company expects to recover these costs. The capitalized costs are amortized over the expected contract term. Cost to Fulfill a Contract The Company incurs costs to fulfill their obligations under a contract once it has obtained, but before transferring goods or services to the customer. These costs are recorded as an asset as these costs are an incremental cost of fulfilling the contract with the customer and the Company expects to recover these costs. The capitalized costs are amortized over the expected remaining contract term. Multiple Performance Obligations The Company enters into contracts with customers for its technology that include multiple performance obligations. Each distinct performance obligation was determined by whether the customer could benefit from the good or service on its own or together with readily available resources. The Company allocates revenue to each performance obligation based on its relative standalone selling price. The Company’s process for determining standalone selling price considers multiple factors including the Company’s internal pricing model and market trends that may vary depending upon the facts and circumstances related to each performance obligation. Sales and Use Taxes The Company presents transactional taxes such as sales and use tax collected from customers and remitted to government authorities on a net basis. | |
Shipping and Handling Costs | Shipping and Handling Costs Shipping and handling costs are expensed as incurred as part of cost of revenues. These costs were deemed to be nominal during each of the reporting periods. | |
Advertising Costs | Advertising Costs Advertising costs are expensed as incurred. The Company incurred advertising costs, which are included in selling, general and administrative expenses of approximately $0.6 million and $0.4 million during the years ended December 31, 2022 and 2021, respectively, of which $0.4 million and $0.2 million pertain to discontinued operations, respectively. | |
Stock-Based Compensation | Stock-Based Compensation The Company accounts for options granted to employees by measuring the cost of services received in exchange for the award of equity instruments based upon the fair value of the award on the date of grant. The fair value of that award is then ratably recognized as an expense over the period during which the recipient is required to provide services in exchange for that award. Options and warrants granted to consultants and other non -employees The Company measures the cost of services received in exchange for an award of equity instruments based on the fair value of the award. The fair value of the award is measured on the grant date and recognized over the period services are required to be provided in exchange for the award, usually the vesting period. Forfeitures of unvested stock options are recorded when they occur. The Company incurred stock -based -based -based | Stock-Based Compensation The Company accounts for options granted to employees, consultants and other non -employees The Company incurred stock -based |
Net Income (Loss) Per Share | Net Income (Loss) Per Share The Company computes basic and diluted earnings per share by dividing net loss by the weighted average number of common shares outstanding during the period. Basic and diluted net loss per common share were the same since the inclusion of common shares issuable pursuant to the exercise of options and warrants in the calculation of diluted net loss per common shares would have been anti -dilutive The following table summarizes the number of common shares and common share equivalents excluded from the calculation of diluted net loss per common share for the six months ended June 30, 2023 and 2022: For the Three Months Ended For the Six Months Ended 2023 2022 2023 2022 Options 341,034 370,760 346,252 370,760 Warrants 77,179,810 1,737,626 40,995,661 1,310,999 Convertible preferred stock 13 1,503,728 13 1,503,728 Rights to common stock — 52,513 — 52,513 Total 77,520,857 3,664,627 41,341,926 3,238,000 | Net Income (Loss) Per Share The Company computes basic and diluted earnings per share by dividing net loss by the weighted average number of common shares outstanding during the period. Basic and diluted net loss per common share were the same since the inclusion of common shares issuable pursuant to the exercise of options and warrants in the calculation of diluted net loss per common shares would have been anti -dilutive The following table summarizes the number of common shares and common share equivalents excluded from the calculation of diluted net loss per common share for the years ended December 31, 2022 and 2021: For the Years Ended 2022 2021 Options 351,587 252,006 Warrants 6,212,026 1,285,428 Convertible preferred stock 13 525,345 Earnout reserve — 147,493 Totals 6,563,626 2,210,272 |
Preferred Stock | Preferred Stock The Company relies on the guidance provided by ASC 480, “Distinguishing Liabilities from Equity” (“ASC 480”), to classify certain redeemable and/or convertible instruments. Preferred shares subject to mandatory redemption are classified as liability instruments and are measured at fair value. Conditionally redeemable preferred shares (including preferred shares that feature redemption rights that are either within the control of the holder or subject to redemption upon the occurrence of uncertain events not solely within the Company’s control) are classified as temporary equity. At all other times, preferred shares are classified as permanent equity. The Company also follows the guidance provided by ASC 815, “Derivatives and Hedging” (“ASC 815”), which states that contracts that are both, (1) indexed to its own stock and (2) classified in stockholders’ equity in its statement of financial position, are not classified as derivative instruments, and to be recorded under stockholder’s equity on the balance sheet of the financial statements. Management assessed the preferred stock and determined that it did meet the scope exception under ASC 815, and would be recorded as equity, and not a derivative instrument, on the balance sheet of the Company’s financial statements. | Preferred Stock The Company relies on the guidance provided by ASC 480, “Distinguishing Liabilities from Equity”, to classify certain redeemable and/or convertible instruments. Preferred shares subject to mandatory redemption are classified as liability instruments and are measured at fair value. Conditionally redeemable preferred shares (including preferred shares that feature redemption rights that are either within the control of the holder or subject to redemption upon the occurrence of uncertain events not solely within the Company’s control) are classified as temporary equity. At all other times, preferred shares are classified as permanent equity. The Company also follows the guidance provided by ASC 815 “Derivatives and Hedging”, which states that contracts that are both, (1) indexed to its own stock and (2) classified in stockholders’ equity in its statement of financial position, are not classified as derivative instruments, and to be recorded under stockholder’s equity on the balance sheet of the financial statements. Management assessed the preferred stock and determined that it did meet the scope exception under ASC 815, and would be recorded as equity, and not a derivative instrument, on the balance sheet of the Company’s financial statements. |
Fair Value Measurements | Fair Value Measurements ASC 820, Fair Value Measurements, provides guidance on the development and disclosure of fair value measurements. The Company follows this authoritative guidance for fair value measurements, which defines fair value, establishes a framework for measuring fair value under generally accepted accounting principles in the United States, and expands disclosures about fair value measurements. The guidance requires fair value measurements be classified and disclosed in one of the following three categories: • • • Fair value measurements discussed herein are based upon certain market assumptions and pertinent information available to management as of and during the years ended December 31, 2022 and 2021. Fair value measurements are applied, when applicable, to determine the fair value of our long -lived -cash | |
Fair Value of Financial Instruments | Fair Value of Financial Instruments Financial instruments consist of cash and cash equivalents, investments in equity securities, short -term -term -term -term -term | Fair Value of Financial Instruments Financial instruments consist of cash and cash equivalents, accounts receivable, notes receivable, accounts payable, and short -term -term -term -term |
Carrying Value, Recoverability and Impairment of Long-Lived Assets [Policy Text Block] | Carrying Value, Recoverability and Impairment of Long-Lived Assets The Company has adopted Section 360 -10-35 -lived -10-35-17 -lived -lived -lived -10-35-20 -lived -lived Pursuant to ASC Paragraph 360 -10-35-21 -lived -lived -lived -lived -lived -period -lived -lived -lived Based on its assessments, the Company has recorded impairment of goodwill and intangibles of $12.2 million and $14.8 million during the years ended December 31, 2022 and 2021, respectively, of which $5.5 million and $12 million pertain to discontinued operations. | |
Recently Issued Accounting Standards Not Yet Adopted | Recently Issued Accounting Standards Not Yet Adopted The Company reviewed recently issued accounting pronouncements and concluded that they were not applicable to the condensed consolidated financial statements, except for the following: In July 2023, the FASB issued ASU 2023 -03 -10-15-3 -03 | Recently Issued and Adopted Accounting Standards In August 2020, the FASB issued Accounting Standards Update (“ASU”) 2020 -06 “Debt — Debt with Conversion and Other Options (Subtopic 470 -20 ) and Derivatives and Hedging — Contracts in Entity’s Own Equity (Subtopic 815 -40 )” -06 . -06 -usefulness -converted -06 -06 -06 In May 2021, the FASB issued ASU 2021 -04 -04 -04 -04 In October 2021, the FASB issued ASU 2021 -08 -08 -08 -08 In November 2021, the FASB issued ASU 2021 -10 -10 -10 -10 |
Risks and Uncertainties | Risks and Uncertainties The Company cannot assure you that we will ever earn revenues sufficient to support our operations, or that we will ever be profitable. In order to continue our operations, we have supplemented the revenues we earned with proceeds from the sale of our equity and debt securities and proceeds from loans and bank credit lines. Certain global events, such as the recent military conflict between Russia and Ukraine, market volatility and other general economic factors that are beyond our control may impact our results of operations. These factors can include interest rates; recession; inflation; unemployment trends; the threat or possibility of war, terrorism or other global or national unrest; political or financial instability; and other matters that influence our customers spending. Increasing volatility in financial markets and changes in the economic climate could adversely affect our results of operations. We also expect that supply chain interruptions and constraints, and increased costs on parts, materials and labor may continue to be a challenge for our business. The impact that these global events will have on general economic conditions is continuously evolving and the impact that they will have on our results of operations continues to remain uncertain. There are no assurances that we will not be materially adversely effected. The Company’s recurring losses and utilization of cash in its operations are indicators of going concern however with the Company’s current liquidity position, including $15.7 million cash and cash equivalents on hand plus the $1.4 million raised under the ATM Offering and $2.3 million from warrants exercised since July 1, 2023, approximately $6.4 million in additional funds available under the ATM Offering, and additional financing available to the Company, we believe we have the ability to mitigate such concerns for a period of at least one year from the date these financial statements are issued. | |
Revenue Recognition | Revenue Recognition The Company recognizes revenue when control is transferred of the promised products or services to its customers, in an amount that reflects the consideration the Company expects to be entitled to in exchange for those products or services. The Company derives revenue from software as a service, design and implementation services for its Indoor Intelligence systems, and professional services for work performed in conjunction with its systems. Hardware and Software Revenue Recognition For sales of hardware and software products, the Company’s performance obligation is satisfied at a point in time when they are shipped to the customer. This is when the customer has title to the product and the risks and rewards of ownership. The delivery of products to Inpixon’s customers occurs in a variety of ways, including (i) as a physical product shipped from the Company’s warehouse, (ii) via drop -shipment -party -ship Software As A Service Revenue Recognition With respect to sales of the Company’s maintenance, consulting and other service agreements including the Company’s digital advertising and electronic services, customers pay fixed monthly fees in exchange for the Company’s service. The Company’s performance obligation is satisfied over time as the digital advertising and electronic services are provided continuously throughout the service period. The Company recognizes revenue evenly over the service period using a time -based Professional Services Revenue Recognition The Company’s professional services include milestone, fixed fee and time and materials contracts. Professional services under milestone contracts are accounted for using the percentage of completion method. As soon as the outcome of a contract can be estimated reliably, contract revenue is recognized in the consolidated statement of operations in proportion to the stage of completion of the contract. Contract costs are expensed as incurred. Contract costs include all amounts that relate directly to the specific contract, are attributable to contract activity, and are specifically chargeable to the customer under the terms of the contract. Professional services are also contracted on the fixed fee and time and materials basis. Fixed fees are paid monthly, in phases, or upon acceptance of deliverables. The Company’s time and materials contracts are paid weekly or monthly based on hours worked. Revenue on time and material contracts is recognized based on a fixed hourly rate as direct labor hours are expended. Materials, or other specified direct costs, are reimbursed as actual costs and may include markup. The Company has elected the practical expedient to recognize revenue for the right to invoice because the Company’s right to consideration corresponds directly with the value to the customer of the performance completed to date. For fixed fee contracts including maintenance service provided by in house personnel, the Company recognizes revenue evenly over the service period using a time -based -10-50-14 License Revenue Recognition The Company enters into contracts with its customers whereby it grants a non -exclusive -premise -going -premises The timing of the Company’s revenue recognition related to the licensing revenue stream is dependent on whether the software licensing agreement entered into represents a good or service. Software that relies on an entity’s IP and is delivered only through a hosting arrangement, where the customer cannot take possession of the software, is a service. A software arrangement that is provided through an access code or key represents the transfer of a good. Licenses for on -premises -premises Renewals or extensions of licenses are evaluated as distinct licenses (i.e., a distinct good or service), and revenue attributed to the distinct good or service cannot be recognized until (1) the entity provides the distinct license (or makes the license available) to the customer and (2) the customer is able to use and benefit from the distinct license. Renewal contracts are not combined with original contracts, and, as a result, the renewal right is evaluated in the same manner as all other additional rights granted after the initial contract. The revenue is not recognized until the customer can begin to use and benefit from the license, which is typically at the beginning of the license renewal period. Therefore, the Company recognizes revenue resulting from renewal of licensed software at a point in time, specifically, at the beginning of the license renewal period. The Company recognizes revenue related to Maintenance Services evenly over the service period using a time -based Contract Balances The timing of the Company’s revenue recognition may differ from the timing of payment by its customers. The Company records a receivable when revenue is recognized prior to payment and the Company has an unconditional right to payment. Alternatively, when payment precedes the provision of the related services, the Company records deferred revenue until the performance obligations are satisfied. The Company had deferred revenue of approximately $1.1 million and $1.3 million as of June 30, 2023 and December 31, 2022, respectively, related to cash received in advance for product maintenance services and professional services provided by the Company’s technical staff. The Company expects to satisfy its remaining performance obligations for these maintenance services and professional services, and recognize the deferred revenue and related contract costs over the next twelve months. The Company recognized revenue in the reporting period of $0.9 million that was included in the contract liability balance at the beginning of the period, for the period ended June 30, 2023. | |
Reclassifications | Reclassifications Certain prior year amounts have been reclassified to conform with the current year presentation. These reclassifications had no material effect on the reported results of operations or cash flows. The condensed consolidated balance sheet as of December 31, 2022 included approximately $1.1 million of earnings reclassified from controlling accumulated deficit to non -controlling |
Summary of Significant Accoun_2
Summary of Significant Accounting Policies (Tables) | 6 Months Ended | 12 Months Ended |
Jun. 30, 2023 | Dec. 31, 2022 | |
Summary of Significant Accounting Policies [Abstract] | ||
Schedule of Common Shares and Common Share Equivalents Excluded From the Calculation of Diluted Net Loss per Common Share | The following table summarizes the number of common shares and common share equivalents excluded from the calculation of diluted net loss per common share for the six months ended June 30, 2023 and 2022: For the Three Months Ended For the Six Months Ended 2023 2022 2023 2022 Options 341,034 370,760 346,252 370,760 Warrants 77,179,810 1,737,626 40,995,661 1,310,999 Convertible preferred stock 13 1,503,728 13 1,503,728 Rights to common stock — 52,513 — 52,513 Total 77,520,857 3,664,627 41,341,926 3,238,000 | The following table summarizes the number of common shares and common share equivalents excluded from the calculation of diluted net loss per common share for the years ended December 31, 2022 and 2021: For the Years Ended 2022 2021 Options 351,587 252,006 Warrants 6,212,026 1,285,428 Convertible preferred stock 13 525,345 Earnout reserve — 147,493 Totals 6,563,626 2,210,272 |
Disaggregation of Revenue (Tabl
Disaggregation of Revenue (Tables) | 6 Months Ended | 12 Months Ended |
Jun. 30, 2023 | Dec. 31, 2022 | |
Disaggregation of Revenue [Abstract] | ||
Schedule of Revenue | Revenues consisted of the following (in thousands): For the Three Months Ended For the Six Months Ended 2023 2022 2023 2022 Recurring revenue Software $ 990 $ 1,019 $ 2,004 $ 2,070 Total recurring revenue $ 990 $ 1,019 $ 2,004 $ 2,070 Non-recurring revenue Hardware $ 512 $ 875 $ 1,817 $ 1,695 Software 448 355 490 765 Professional services 107 327 850 695 Total non-recurring revenue $ 1,067 $ 1,557 $ 3,157 $ 3,155 Total Revenue $ 2,057 $ 2,576 $ 5,161 $ 5,225 For the Three Months Ended June 30, For the Six Months Ended June 30, 2023 2022 2023 2022 Revenue recognized at a point in time Indoor Intelligence (1) $ 520 $ 874 $ 2,176 $ 1,694 SAVES (1) 440 398 833 766 Total $ 960 $ 1,272 $ 3,009 $ 2,460 Revenue recognized over time Indoor Intelligence (2) (3) $ 320 $ 464 $ 573 $ 1,041 SAVES (3) 303 328 628 694 Shoom (3) 474 512 951 1,030 Total $ 1,097 $ 1,304 $ 2,152 $ 2,765 Total Revenue $ 2,057 $ 2,576 $ 5,161 $ 5,225 (1) (2) (3) -based | Revenues consisted of the following (in thousands): For the Years Ended December 31, 2022 2021 Total Continuing Discontinued Total Continuing Discontinued Recurring revenue Hardware $ — $ — $ — $ 3 $ — $ 3 Software 9,530 4,060 5,470 7,152 3,844 3,308 Professional services — — — 35 — 35 Total recurring revenue $ 9,530 $ 4,060 $ 5,470 $ 7,190 $ 3,844 $ 3,346 Non-recurring revenue Hardware $ 3,906 $ 3,905 $ 1 $ 3,830 $ 3,794 $ 36 Software 1,544 1,540 4 1,974 1,989 (15 ) Professional services 4,438 1,443 2,995 3,001 — 3,001 Total non-recurring revenue $ 9,888 $ 6,888 $ 3,000 $ 8,805 $ 5,783 $ 3,022 Total Revenue $ 19,418 $ 10,948 $ 8,470 $ 15,995 $ 9,627 $ 6,368 For the Years Ended December 31, 2022 2021 Total Continuing Operations Discontinued Operations Total Continuing Operations Discontinued Operations Revenue recognized at a point in time Indoor Intelligence (1) $ 4,037 $ 4,032 $ 5 $ 4,371 $ 4,367 $ 4 Saves (1) 1,413 1,413 — 1,436 1,436 — Shoom (1) — — — — — — Total $ 5,450 $ 5,445 $ 5 $ 5,807 $ 5,803 $ 4 Revenue recognized over time Indoor Intelligence (2)(3) $ 10,576 $ 2,111 $ 8,465 $ 6,676 $ 312 $ 6,364 Saves (3) 1,362 1,362 — 1,501 1,501 — Shoom (3) 2,030 2,030 — 2,011 2,011 — Total $ 13,968 $ 5,503 $ 8,465 $ 10,188 $ 3,824 $ 6,364 Total Revenue $ 19,418 $ 10,948 $ 8,470 $ 15,995 $ 9,627 $ 6,368 (1) (2) (3) -based |
Game Your Game Acquisition (Tab
Game Your Game Acquisition (Tables) - Equity Unit Purchase Agreements [Member] | 12 Months Ended |
Dec. 31, 2022 | |
Game Your Game Acquisition (Tables) [Line Items] | |
Schedule of Purchase Price | The following table represents the purchase price (in thousands). Cash $ 1,667 Stock (15,721 number of common stock shares) 1,403 Total Purchase Price $ 3,070 |
Schedule of Purchase Price Allocations Relating to the Acquisition | The following table summarizes the purchase price allocations relating to the Acquisition (in thousands): Fair Value Allocation Assets acquired: Cash and cash equivalents $ 1,851 Accounts receivable 36 Inventory 144 Other current assets 37 Property and equipment 105 Other assets 4 Tradename 628 Proprietary technology 2,824 Customer relationship 847 Goodwill 459 Total assets acquired $ 6,935 Liabilities assumed: Accounts payable $ 957 Accrued expenses and other liabilities 436 Total liabilities assumed 1,393 Estimated fair value of net assets acquired: $ 5,542 Less: Non Controlling Interest (2,472 ) Estimated fair value of net assets acquired attributable to the Company $ 3,070 |
Schedule of Acquisition-Related Costs for the Acquisition | Total acquisition -related -related -related Professional fees $ 158 Consulting fees 150 Total acquisition costs $ 308 |
Visualix Acquisition (Tables)
Visualix Acquisition (Tables) - Common Stock [Member] | 12 Months Ended |
Dec. 31, 2022 | |
Visualix Acquisition (Tables) [Line Items] | |
Schedule of Purchase Price | The following table represents the purchase price (in thousands). Cash $ 61 Stock (4,928 common stock shares at $87.00 per share) 429 Total Purchase Price $ 490 |
Schedule of Visualix Asset Purchase Agreement | Developed Technology $ 429 Non-compete Agreements 61 Total Purchase Price $ 490 |
CXApp Acquisition (Tables)
CXApp Acquisition (Tables) | 6 Months Ended | 12 Months Ended |
Jun. 30, 2023 | Dec. 31, 2022 | |
CXApp Acquisition (Tables) [Line Items] | ||
Schedule of Purchase Price | The following table represents the purchase price (in thousands). Cash $ 22,132 Stock (117,994 common stock shares at $84.75 per share) 10,000 Total Purchase Price $ 32,132 | |
Schedule of Purchase Price Allocations Relating to the Acquisition | The following table summarizes certain assets and liabilities of discontinued operations: As of Current Assets of Discontinued Operations Cash and cash equivalents $ 10,000 Accounts receivable 1,338 Prepaid expenses and other current assets 923 Current Assets of Discontinued Operations $ 12,261 Long Term Assets of Discontinued Operations Property and equipment, net $ 202 Operating Lease Right-of-Use Asset, net 681 Software development costs, net 487 Intangible assets, net 19,289 Other Assets 52 Long Term Assets of Discontinued Operations $ 20,711 Current Liabilities of Discontinued Operations Accounts payable $ 1,054 Accrued liabilities 1,736 Operating lease obligation, current 266 Deferred revenue 2,162 Current Liabilities of Discontinued Operations $ 5,218 Long Term Liabilities of Discontinued Operations Operating lease obligation, noncurrent $ 444 Other Liabilities, noncurrent 28 Long Term Liabilities of Discontinued Operations $ 472 | Fair Value Allocation Assets acquired: Cash and cash equivalents $ 109 Accounts receivable 110 Prepaid expenses and other current assets 135 Inventory 844 Right of use asset 312 Property, plant, and equipment 30 Other assets 113 Tradename & trademarks 168 Proprietary technology 507 Customer relationships 197 Goodwill 482 Total assets acquired $ 3,007 Liabilities assumed: Accounts payable 2 Accrued liabilities 413 Lease liabilities – current 54 Lease liabilities – noncurrent 231 Payable to new parent 391 Deferred revenue 784 Total liabilities assumed 1,875 Estimated fair value of net assets acquired: $ 1,132 |
Schedule of Acquisition-Related Costs for the Acquisition | Total acquisition -related Accounting fees $ 10 Legal fees 199 Total acquisition costs $ 209 | |
Series of Individually Immaterial Business Acquisitions [Member] | ||
CXApp Acquisition (Tables) [Line Items] | ||
Schedule of Acquisition Liability | The following represents the amounts that were recorded to Acquisition Liability (in thousands): Acquisition Liability Current Option payout $ 296 Bonus payout 34 Seller transaction expenses 72 Miscellaneous accrued expenses 174 Total current $ 576 Noncurrent Option payout $ 493 Bonus payout 57 Holdback funds 4,875 Total noncurrent 5,425 6,001 Less adjustment to holdback funds due to measurement period adjustment (209 ) Less payments made during the year ended December 31, 2021 (460 ) Less payments made during the year ended December 31, 2022 (5,135 ) Total acquisition liability $ 197 | |
Schedule of Purchase Price Allocations Relating to the Acquisition | The following table summarizes the purchase price allocations relating to the Acquisition (in thousands): Fair Value Allocation Assets acquired: Cash and cash equivalents $ 1,153 Trade and other receivables 1,626 Prepaid expenses and other current assets 68 Property, plant, and equipment 6 Tradename 2,170 Developed technology 8,350 Customer relationships 5,020 Non-compete agreements 2,690 Goodwill 15,306 Total assets acquired $ 36,389 Liabilities assumed: Accounts payable $ 203 Deferred revenue 1,319 Accrued expenses and other liabilities 116 Deferred tax liability 2,591 Other tax liability, noncurrent 28 Total liabilities assumed 4,257 Estimated fair value of net assets acquired: $ 32,132 | |
Schedule of Acquisition-Related Costs for the Acquisition | The below table details the acquisition -related Accounting fees $ 115 Legal fees 389 Total acquisition costs $ 504 |
IntraNav Acquisition (Tables)
IntraNav Acquisition (Tables) | 6 Months Ended | 12 Months Ended |
Jun. 30, 2023 | Dec. 31, 2022 | |
IntraNav Acquisition [Abstract] | ||
Schedule of Purchase Price Allocations Relating to the Acquisition | The Acquisition is being accounted for as a business combination in accordance with ASC 805. The Company has determined the fair values of the assets acquired and liabilities assumed in the Acquisition. The Company has made the allocation of the purchase price of the Acquisition to the assets acquired and the liabilities assumed as of the purchase date. The following table summarizes the purchase price allocations relating to the Acquisition: Cash Considerations (EUR) € 1,000,000 Less: IntraNav’s indebtedness in excess of EUR 150,000 — Total Purchase Price (EUR) € 1,000,000 Total Purchase Price (USD) – at 1.13249 USD per EUR $ 1,132,490 | |
Schedule of Assets Acquired | The following table summarizes certain assets and liabilities of discontinued operations: As of Current Assets of Discontinued Operations Cash and cash equivalents $ 10,000 Accounts receivable 1,338 Prepaid expenses and other current assets 923 Current Assets of Discontinued Operations $ 12,261 Long Term Assets of Discontinued Operations Property and equipment, net $ 202 Operating Lease Right-of-Use Asset, net 681 Software development costs, net 487 Intangible assets, net 19,289 Other Assets 52 Long Term Assets of Discontinued Operations $ 20,711 Current Liabilities of Discontinued Operations Accounts payable $ 1,054 Accrued liabilities 1,736 Operating lease obligation, current 266 Deferred revenue 2,162 Current Liabilities of Discontinued Operations $ 5,218 Long Term Liabilities of Discontinued Operations Operating lease obligation, noncurrent $ 444 Other Liabilities, noncurrent 28 Long Term Liabilities of Discontinued Operations $ 472 | Fair Value Allocation Assets acquired: Cash and cash equivalents $ 109 Accounts receivable 110 Prepaid expenses and other current assets 135 Inventory 844 Right of use asset 312 Property, plant, and equipment 30 Other assets 113 Tradename & trademarks 168 Proprietary technology 507 Customer relationships 197 Goodwill 482 Total assets acquired $ 3,007 Liabilities assumed: Accounts payable 2 Accrued liabilities 413 Lease liabilities – current 54 Lease liabilities – noncurrent 231 Payable to new parent 391 Deferred revenue 784 Total liabilities assumed 1,875 Estimated fair value of net assets acquired: $ 1,132 |
Schedule of Acquisition Related Costs Acquisition | Total acquisition -related Accounting fees $ 10 Legal fees 199 Total acquisition costs $ 209 |
Proforma Financial Information
Proforma Financial Information (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Proforma Financial Information [Abstract] | |
Schedule of Business Acquisition, Pro Forma Information | The proforma financial information for the Company and CXApp is as follows (in thousands): For the Revenues $ 17,845 Net loss attributable to common stockholders $ (77,927 ) Net loss per basic and diluted common share $ (50.30 ) Weighted average common shares outstanding: Basic and Diluted 1,549,160 |
Inventory (Tables)
Inventory (Tables) | 6 Months Ended | 12 Months Ended |
Jun. 30, 2023 | Dec. 31, 2022 | |
Inventory Disclosure [Abstract] | ||
Schedule of Inventory | Inventory as of June 30, 2023 and December 31, 2022 consisted of the following (in thousands): As of As of Raw materials $ 439 $ 351 Work-in-process 127 127 Finished goods 2,662 1,964 Inventory $ 3,228 $ 2,442 | Inventory as of December 31, 2022 and 2021 consisted of the following (in thousands): As of December 31, 2022 2021 Raw materials $ 351 $ 163 Work-in-process 127 539 Finished goods 1,964 1,274 Inventory $ 2,442 $ 1,976 Less discontinued operations — (11 ) Inventory, Continuing Operations $ 2,442 $ 1,965 |
Property and Equipment, Net (Ta
Property and Equipment, Net (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Property and Equipment, Net [Abstract] | |
Schedule of Property, Plant and Equipment | Property and equipment as of December 31, 2022 and 2021 consisted of the following (in thousands): As of December 31, 2022 2021 Computer and office equipment $ 2,119 $ 1,961 Furniture and fixtures 448 447 Leasehold improvements 47 50 Software 849 868 Total 3,463 3,326 Less: accumulated depreciation and amortization (2,197 ) (1,884 ) Total Property and Equipment, Net $ 1,266 $ 1,442 Less Discontinued Operations (202 ) (231 ) Total Property and Equipment, Continuing Operations $ 1,064 $ 1,211 |
Investments in Equity Securit_2
Investments in Equity Securities (Tables) | 6 Months Ended | 12 Months Ended |
Jun. 30, 2023 | Dec. 31, 2022 | |
Investments in Equity Securities [Abstract] | ||
Schedule of Equity Securities | Investment securities — fair value consist of investments in the Company’s investment in shares and rights of equity securities. The composition of the Company’s investment securities — fair value was as follows (in thousands): As of June 30, 2023 As of December 31, 2022 Cost Fair Value Cost Fair Value Investments in equity securities- fair value Equity shares $ 55,379 $ 1,412 $ 54,237 $ 328 Equity rights 11,064 2 11,064 2 Total investments in equity securities- fair value $ 66,443 $ 1,414 $ 65,301 $ 330 | The composition of the Company’s investment securities — fair value was as follows (in thousands): December 31, 2022 Cost Fair Value Investments in equity securities – fair value Equity shares $ 54,237 $ 328 Equity rights 11,064 2 Total investments in equity securities – fair value $ 65,301 $ 330 |
Software Development Costs, n_2
Software Development Costs, net (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Software Development [Member] | |
Software Development Costs, net (Tables) [Line Items] | |
Schedule of Capitalized Software Development Costs | Capitalized software development costs as of December 31, 2022 and 2021 consisted of the following (in thousands): As of December 31, 2022 2021 Capitalized software development costs $ 5,324 $ 4,463 Accumulated amortization (3,572 ) (2,671 ) Software development costs, net $ 1,752 $ 1,792 Less discontinued operations (487 ) (648 ) Software development costs, continuing operations $ 1,265 $ 1,144 |
Computer software [Member] | |
Software Development Costs, net (Tables) [Line Items] | |
Schedule of Future Amortization Expense on the Computer Software | Future amortization expense on the computer software is anticipated to be as follows (in thousands): For the Years Ending December 31, Total Continuing Discontinued 2023 $ 729 $ 466 $ 263 2024 586 437 149 2025 264 189 75 2026 173 173 — 2027 and thereafter — — — Total $ 1,752 $ 1,265 $ 487 |
Goodwill and Intangible Assets
Goodwill and Intangible Assets (Tables) | 6 Months Ended | 12 Months Ended |
Jun. 30, 2023 | Dec. 31, 2022 | |
Goodwill and Intangible Assets [Abstract] | ||
Schedule of Goodwill | The following table summarizes the changes in the carrying amount of Goodwill for the year ended December 31, 2022 (in thousands): Segments Saves Indoor Intelligence Impairment Acquisition Systat GTX Nanotron Locality Jibestream CXApp Game Your Game IntraNav Total Less discontinued operations Continuing operations Balance as of January 1, 2021 $ 520 $ 2 $ 3,931 $ 672 $ 1,463 $ — $ — $ — $ 6,588 Goodwill additions through 200 — — — — 17,432 286 482 18,400 Goodwill — (1 ) (2,263 ) (689 ) (967 ) (10,239 ) (307 ) (323 ) (14,789 ) 11,896 (2,893 ) Valuation measurement period (25 ) — (255 ) — — (2,127 ) 174 — (2,233 ) Exchange rate fluctuation at December 31, — — (294 ) 17 (16 ) — — — (293 ) Balance as of December 31, 695 1 1,119 — 480 5,066 153 159 7,673 Less discontinued operations — — — — (480 ) (5,066 ) — — (5,546 ) Balance as of December 31, 2021, continuing operations $ 695 $ 1 $ 1,119 $ — $ — $ — $ 153 $ 159 $ 2,127 Segments Saves Indoor Intelligence Impairment Acquisition Systat GTX Nanotron Locality Jibestream CXApp Game Your Game IntraNav Total Less discontinued operations Continuing operations Balance as of January 1, 2022 $ 695 $ 1 $ 1,119 $ — $ 480 $ 5,066 $ 153 $ 159 $ 7,673 Goodwill (695 ) (1 ) (1,035 ) — (474 ) (5,066 ) (153 ) (147 ) (7,571 ) 5,540 (2,031 ) Exchange rate fluctuation at December 31, — — (84 ) — (6 ) — — (12 ) (102 ) Balance as of December 31, — — — — — — — — — Less discontinued operations — — — — — — — — — Balance as of December 31, 2022, continuing operations $ — $ — $ — $ — $ — $ — $ — $ — $ — | |
Schedule of Intangible Assets | Intangibles assets at June 30, 2023 and December 31, 2022 consisted of the following (in thousands): June 30, 2023 Gross Accumulated Spin-Off Net Remaining IP Agreement $ 164 $ (113 ) $ — $ 51 1.25 Trade Name/Trademarks 1,791 (314 ) (1,367 ) 110 3.50 Customer Relationships 6,206 (902 ) (4,454 ) 850 1.78 Developed Technology 14,766 (1,787 ) (11,466 ) 1,513 4.84 Non-compete Agreements 1,837 (584 ) (1,204 ) 49 0.25 Totals $ 24,764 $ (3,700 ) $ (18,491 ) $ 2,573 December 31, 2022 Gross Accumulated Impairment Spin-Off Net IP Agreement $ 162 $ (91 ) $ — $ — $ 71 Trade Name/Trademarks 3,590 (1,414 ) (593 ) (1,458 ) 125 Webstores & Websites 404 (258 ) (146 ) — — Customer Relationships 9,121 (2,776 ) (749 ) (4,636 ) 960 Developed Technology 21,777 (5,385 ) (2,921 ) (11,781 ) 1,690 Non-compete Agreements 4,270 (2,488 ) (220 ) (1,414 ) 148 Totals $ 39,324 $ (12,412 ) $ (4,629 ) $ (19,289 ) $ 2,994 | Intangible assets at December 31, 2022 and 2021 consisted of the following (in thousands): December 31, 2022 2021 Gross Accumulated Impairment Net Gross Accumulated Net IP Agreement $ 162 $ (91 ) $ — $ 71 $ 172 $ (54 ) $ 118 1.75 Trade Name/Trademarks 3,590 (1,414 ) (593 ) 1,583 $ 3,602 $ (662 ) $ 2,940 4.00 Webstores & Websites 404 (258 ) (146 ) — 404 (123 ) 281 0.00 Customer Relationships 9,121 (2,776 ) (749 ) 5,596 9,294 (1,440 ) 7,854 2.86 Developed Technology 21,777 (5,385 ) (2,921 ) 13,471 22,175 (3,010 ) 19,165 5.22 Non-compete Agreements 4,270 (2,488 ) (220 ) 1,562 4,786 (1,666 ) 3,120 0.74 Totals $ 39,324 $ (12,412 ) $ (4,629 ) $ 22,283 $ 40,433 $ (6,955 ) $ 33,478 Less discontinued operations (26,911 ) 7,621 1 (19,289 ) (27,789 ) 4,321 (23,468 ) Intangible assets, continuing operations $ 12,413 $ (4,791 ) $ (4,628 ) $ 2,994 $ 12,644 $ (2,634 ) $ 10,010 |
Schedule of Intangible Assets Future Amortization | Future amortization expense on intangibles assets is anticipated to be as follows (in thousands): Amount December 31, 2023 (for 6 months) $ 395 December 31, 2024 686 December 31, 2025 604 December 31, 2026 412 December 31, 2027 325 December 31, 2028 and thereafter 151 $ 2,573 | Future amortization expense on intangibles assets is anticipated to be as follows (in thousands): For the Years Ending December 31, Total Continuing Discontinued 2023 $ 4,663 $ 837 $ 3,826 2024 3,841 679 3,162 2025 3,430 598 2,832 2026 2,841 408 2,433 2027 2,494 322 2,172 2028 and thereafter 5,014 150 4,864 Total $ 22,283 $ 2,994 $ 19,289 |
Other Long Term Investments (Ta
Other Long Term Investments (Tables) | 6 Months Ended | 12 Months Ended |
Jun. 30, 2023 | Dec. 31, 2022 | |
Other Long Term Investment [Abstract] | ||
Schedule of Ownership Interests | The following component represents components of Other long -term Ownership interest Ownership interest Instrument Investee CVH Class A — % 14.1 % Units CVH Class B 38.4 % 38.4 % Units | The following component represents components of Other long -term Ownership interest as of December 31, 2022 Instrument Held Investee CVH LLC Class A 14.1% Units CVH LLC Class B 38.4% Units |
Deferred Revenue (Tables)
Deferred Revenue (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Deferred Revenue [Abstract] | |
Schedule of Deferred Revenue | Deferred revenue as of December 31, 2022 and 2021 consisted of the following (in thousands): As of December 31, 2022 2021 Deferred Revenue Maintenance agreements $ 3,235 $ 4,183 Service agreements 250 622 Total Deferred Revenue $ 3,485 $ 4,805 Less discontinued operations (2,162 ) (3,145 ) Deferred Revenue, Continued Operations $ 1,323 $ 1,660 |
Accrued Liabilities (Tables)
Accrued Liabilities (Tables) | 6 Months Ended | 12 Months Ended |
Jun. 30, 2023 | Dec. 31, 2022 | |
Accrued Liabilities [Abstract] | ||
Schedule of Accrued Liabilities | Accrued liabilities as of June 30, 2023 and December 31, 2022 consisted of the following (in thousands): As of As of Accrued compensation and benefits $ 903 $ 655 Accrued interest expense 1,050 1,197 Accrued bonus and commissions 432 426 Accrued transaction costs 2,075 — Accrued other 667 105 Accrued sales and other indirect taxes payable 247 236 $ 5,374 $ 2,619 | Accrued liabilities as of December 31, 2022 and December 31, 2021 consisted of the following (in thousands): As of December 31, 2022 2021 Accrued compensation and benefits $ 1,242 $ 8,027 Accrued interest expense 1,197 1,012 Accrued bonus and commissions 848 597 Accrued other 746 707 Accrued sales and other indirect taxes payable 322 322 $ 4,355 $ 10,665 Less discontinued operations (1,736 ) (7,882 ) Accrued liabilities, continuing operations $ 2,619 $ 2,783 |
Debt (Tables)
Debt (Tables) | 6 Months Ended | 12 Months Ended |
Jun. 30, 2023 | Dec. 31, 2022 | |
Debt [Abstract] | ||
Schedule of Short Term Debt | Debt as of June 30, 2023 and December 31, 2022 consisted of the following (in thousands): Short-Term Debt Maturity June 30, December 31, July 2022 Promissory Note, less debt discount and extension fee of $85 and $760, respectively 5/17/2024 $ 4,231 $ 6,045 December 2022 Promissory Note, less debt discount and extension fee of $1,013 and $1,880, respectively 5/17/2024 8,366 6,520 Third Party Note Payable 9/30/2023 1,203 1,078 Total Short-Term Debt $ 13,800 $ 13,643 | Debt as of December 31, 2022 and 2021 consisted of the following (in thousands): Short-Term Debt Maturity 2022 2021 March 2020 10% Note 3/18/2023 $ — $ 3,251 July 2022 Promissory Note (net of $760 debt discount) 7/22/2023 6,045 — Dec 2022 Promissory Note (net of $1,880 debt discount) 12/30/2023 6,520 — Third party note payable 6/30/2023 1,078 239 Total Short-Term Debt $ 13,643 $ 3,490 |
Stock Award Plans and Stock-B_2
Stock Award Plans and Stock-Based Compensation (Tables) | 6 Months Ended | 12 Months Ended |
Jun. 30, 2023 | Dec. 31, 2022 | |
Stock Award Plans and Stock-Based Compensation [Abstract] | ||
Schedule of Fair Value of Each Employee Option Grant is Estimated on the date of the Grant Using the Black-Scholes Option-Pricing Model | The fair value of each employee option grant is estimated on the date of the grant using the Black -Scholes -pricing -average For the Years Ended 2022 2021 Risk-free interest rate 1.50% – 1.76% 0.59% – 1.26% Expected life of option grants 5 years 5 years Expected volatility of underlying stock 37.24% – 37.45% 37.21% – 38.15% Dividends assumption $— $— | |
Schedule of Stock Options Granted | See below for a summary of the stock options granted under the 2011 and 2018 plans: 2011 2018 Non Total Beginning balance as of January 1, 2023 57 351,529 1 351,587 Granted — — — — Exercised — — — — Expired (10 ) (52,486 ) — (52,496 ) Forfeited — (9,273 ) — (9,273 ) Ending balance as of June 30, 2023 47 289,770 1 289,818 | See below for a summary of the stock options granted under the 2011 and 2018 plans: 2011 2018 Non Total Weighted Aggregate Outstanding at January 1, 2021 96 72,666 1 72,763 $ 1,782.00 $ — Granted — 190,476 — 190,476 71.25 — Exercised — (277 ) — (277 ) 82.50 — Expired (23 ) (3,051 ) — (3,074 ) 6,980.25 — Forfeitures — (7,882 ) — (7,882 ) 101.25 — Outstanding at December 31, 2021 73 251,932 1 252,006 $ 28,358.30 $ — Granted — 132,669 — 132,669 39.74 — Exercised — — — — — — Expired (16 ) (14,451 ) — (14,467 ) 80,713.98 — Forfeitures — (18,621 ) — (18,621 ) 74.97 — Outstanding at December 31, 2022 57 351,529 1 351,587 $ 17,016.13 $ — Exercisable at December 31, 2022 57 234,776 1 234,834 $ 25,446.10 $ — |
Schedule of Restricted Stock-Based Award Activity Granted | The following table summarizes restricted stock -based Number of Weighted Balance, January 1, 2021 — $ — Granted 74,598 $ 134.25 Forfeited (18,827 ) $ 132.00 Balance, December 31, 2021 55,770 $ 135.00 Granted — $ — Forfeited (12,802 ) $ 137.25 Balance, December 31, 2022 42,968 $ 134.26 | |
Schedule of Share-based Payment Arrangement, Restricted Stock and Restricted Stock Unit, Activity | The following table summarizes restricted stock based award activity granted: Restricted Beginning balance as of January 1, 2023 42,968 Granted — Exercised — Expired — Forfeited — Ending balance as of June 30, 2023 42,968 |
Warrants (Tables)
Warrants (Tables) | 6 Months Ended | 12 Months Ended |
Jun. 30, 2023 | Dec. 31, 2022 | |
Warrants [Abstract] | ||
Schedule of Changes in Warrants Outstanding | The following table summarizes the activity to warrants outstanding: Number of Beginning balance as of January 1, 2023 6,212,026 Granted 150,000,000 Exercised (1,380,000 ) Expired (1,224 ) Exchanged (984,542 ) Ending balance as of June 30, 2023 153,846,260 Exercisable as of June 30, 2023 153,846,260 | The following table summarizes the changes in warrants outstanding during the years ended December 31, 2022 and 2021: Number of Weighted Aggregate Exercisable at January 1, 2021 107,910 $ 502.50 $ — Granted 1,597,469 87.00 — Exercised (419,951 ) 9.00 — Expired — — — Cancelled — — — Outstanding at December 31, 2021 1,285,428 $ 147.75 $ — Granted 7,660,859 $ 9.88 — Exercised (1,115,143 ) 150.00 — Expired (28 ) 2,082,857.14 — Cancelled (1,619,090 ) 75.45 — Outstanding at December 31, 2022 6,212,026 $ 19.56 $ 1,530 Exercisable at December 31, 2021 1,285,428 $ 147.75 — Exercisable at December 31, 2022 6,212,026 $ 19.56 1,530 |
Income Taxes (Tables)
Income Taxes (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Income Taxes [Abstract] | |
Schedule of Income Before Income Tax, Domestic and Foreign | The domestic and foreign components of loss before income taxes for the years ended December 31, 2022 and 2021 are as follows (in thousands): For the Years Ended 2022 2021 Domestic $ (31,474 ) $ (22,632 ) Foreign (7,004 ) (5,989 ) Net Loss, before tax, continuing operations $ (38,478 ) $ (28,621 ) |
Schedule of Components of Income Tax Expense (Benefit) | The income tax provision (benefit) for the years ended December 31, 2022 and 2021 consists of the following (in thousands): For the Years Ended 2022 2021 Foreign Current $ 33 $ (5 ) Deferred (1,657 ) (37 ) U.S. federal Current (268 ) 5,815 Deferred (5,690 ) — State and local Current 91 607 Deferred (646 ) — (8,137 ) 6,380 Change in valuation allowance 7,888 (2,591 ) Income Tax (Benefit)/Expense, continuing operations $ (249 ) $ 3,789 |
Schedule of Effective Income Tax Rate Reconciliation | The reconciliation between the U.S. statutory federal income tax rate and the Company’s effective rate for the years ended December 31, 2022 and 2021 is as follows: For the Years Ended 2022 2021 U.S. federal statutory rate 21.0 % 21.0 % State income taxes, net of federal benefit 2.0 % 1.3 % Incentive stock options (0.2 )% (0.3 )% 162(m) Compensation Limit — % (0.7 )% Goodwill impairment loss (1.0 )% (2.8 )% US-Foreign income tax rate difference 1.0 % 1.6 % Other permanent items (0.3 )% (0.6 )% Provision to return adjustments 0.5 % (6.6 )% Deferred only adjustment (1.9 )% (10.5 )% Change in valuation allowance (20.5 )% (15.6 )% Effective Rate 0.6 % (13.2 )% |
Schedule of Deferred Tax Assets and Liabilities | As of December 31, 2022 and 2021, the Company’s deferred tax assets consisted of the effects of temporary differences attributable to the following: (in 000s) As of December 31, Deferred Tax Asset 2022 2021 Net operating loss carryovers $ 39,642 $ 35,033 Stock based compensation 2,073 2,540 Research credits 123 131 Accrued compensation 87 96 Reserves 306 345 Intangibles 199 — Fixed assets 356 393 Unrealized gain 14,557 12,876 Capital Research 1,587 — Other 803 260 Total Deferred Tax Asset 59,733 51,674 Less: valuation allowance (57,255 ) (46,071 ) Deferred Tax Asset, Net of Valuation Allowance $ 2,478 $ 5,603 As of December 31, Deferred Tax Liabilities 2022 2021 Intangible assets $ (1,878 ) $ (4,613 ) Fixed assets (149 ) (239 ) Other (448 ) (381 ) Capitalized research — (370 ) Total deferred tax liabilities (2,475 ) (5,603 ) Net Deferred Tax Asset (Liability) $ 3 $ — |
Credit Risk and Concentrations
Credit Risk and Concentrations (Tables) | 6 Months Ended | 12 Months Ended |
Jun. 30, 2023 | Dec. 31, 2022 | |
Credit Risk and Concentrations [Abstract] | ||
Schedule of Revenue by Reporting Segments | Revenues and gross profit segments consisted of the following (in thousands): For the Three Months Ended For the Six Months Ended 2023 2022 2023 2022 Revenue by Segment Indoor Intelligence $ 840 $ 1,337 $ 2,749 $ 2,734 SAVES 743 727 1,461 1,461 Shoom 474 512 951 1,030 Total segment revenue $ 2,057 $ 2,576 $ 5,161 $ 5,225 Gross profit by Segment Indoor Intelligence $ 597 $ 804 $ 1,891 $ 1,741 SAVES 655 481 1,274 974 Shoom 415 435 816 857 Gross profit by Segment $ 1,667 $ 1,720 $ 3,981 $ 3,572 Income (loss) from operations by Segment Indoor Intelligence $ (6,733 ) $ (8,646 ) $ (14,849 ) $ (17,660 ) Saves (144 ) (975 ) (439 ) (1,379 ) Shoom 220 248 449 428 Loss from operations by Segment $ (6,657 ) $ (9,373 ) $ (14,839 ) $ (18,611 ) | Revenue, gross profit, and income (loss) from operations by segment consisted of the following (in thousands): For the Years Ended 2022 2021 Revenue by Segment Indoor Intelligence $ 14,614 $ 11,046 Saves 2,775 2,938 Shoom 2,029 2,011 Total segment revenue $ 19,418 $ 15,995 Less discontinued operations (8,470 ) (6,368 ) Total segment revenue, continuing operations $ 10,948 $ 9,627 Gross profit by Segment Indoor Intelligence $ 10,411 $ 7,833 Saves 1,781 2,072 Shoom 1,737 1,716 Gross profit by Segment $ 13,929 $ 11,621 Less discontinued operations (6,406 ) (4,722 ) Gross profit by Segment, continuing operations $ 7,523 $ 6,899 Income (loss) from operations by Segment Indoor Intelligence $ (53,602 ) $ (72,174 ) Saves (3,876 ) (1,515 ) Shoom 778 946 Loss from operations by Segment $ (56,700 ) $ (72,743 ) Less discontinued operations 27,894 42,922 Loss from operations by Segment, continuing operations $ (28,806 ) $ (29,821 ) |
Fair Value of Financial Instr_2
Fair Value of Financial Instruments (Tables) | 6 Months Ended | 12 Months Ended |
Jun. 30, 2023 | Dec. 31, 2022 | |
Fair Value of Financial Instruments [Abstract] | ||
Schedule of Fair Value of Assets | The Company’s assets measured at fair value consisted of the following at June 30, 2023 and December 31, 2022: Fair Value at June 30, 2023 Total Level 1 Level 2 Level 3 Assets: Investments in equity securities 1,414 1,403 — 11 Total assets $ 1,414 $ 1,403 $ — $ 11 Fair Value at December 31, 2022 Total Level 1 Level 2 Level 3 Assets: Investments in equity securities 330 319 — 11 Total assets $ 330 $ 319 $ — $ 11 | The Company’s assets measured at fair value consisted of the following at December 31, 2022 and December 31, 2021: Fair Value at December 31, 2022 Total Level 1 – Quoted Level 2 – Significant Level 3 – Significant Assets: Short-term investments $ — $ — $ — $ — Investments in equity securities 330 319 — 11 Total assets $ 330 $ 319 $ — $ 11 Fair Value at December 31, 2021 Total Level 1 – Quoted Level 2 – Significant Level 3 – Significant Assets: Related party loan-held for sale (net) $ — $ — $ — $ — Short-term investments 43,125 43,125 — — Investments in equity securities 1,838 — — 1,838 Total assets $ 44,963 $ 43,125 $ — $ 1,838 |
Schedule of Reconciliation of Assets for Level 3 Investments for Which Significant Unobservable Inputs | The following table is a reconciliation of assets for Level 3 investments for which significant unobservable inputs were used to determine fair value for the three months ended June 30, 2023: Level 3 Level 3 Investments Balance at January 1, 2023 $ 11 Unrealized loss on equity securities — Balance at June 30, 2023 $ 11 | The following table is a reconciliation of assets for Level 3 investments for which significant unobservable inputs were used to determine fair value for the year ended December 31, 2022 (in thousands): Level 3 Level 3 Investments Balance at beginning of year $ 1,838 Transfers in – FOXO Technologies, Inc. convertible note 6,050 Transfers in – FOXO Technologies, Inc. original issue discount on convertible note (550 ) Amortization of original issue discount on convertible note 206 Change in fair value on debt securities 791 Transfers out – FOXO Technologies, Inc. conversion of note to marketable equity securities (6,497 ) Unrealized loss on equity securities (1,827 ) Balance at end of year $ 11 Level 3 Level 3 Investments Balance at beginning of year $ — Transfers in-Sysorex Securities Settlement Agreement Benefit (provision) for valuation allowance on related party loan – held for sale 7,461 Interest income (expense), net 1,627 Gain on related party loan held for sale 49,817 Unrealized loss on equity securities (57,067 ) Balance at end of year $ 1,838 |
Foreign Operations (Tables)
Foreign Operations (Tables) | 6 Months Ended | 12 Months Ended |
Jun. 30, 2023 | Dec. 31, 2022 | |
Foreign Operations [Abstract] | ||
Schedule of Revenues by Geographic Area are Attributed by Country of Domicile of Our Subsidiaries | The financial data by geographic area are as follows (in thousands): United Canada India Germany United Ireland Philippines Eliminations Total For the Three Months Ended June 30, 2023: Revenues by geographic area $ 1,340 $ — $ 294 $ 763 $ 139 $ 4 $ — $ (483 ) $ 2,057 Operating (loss) income by geographic area $ (5,394 ) $ — $ 16 $ (1,092 ) $ (1 ) $ (186 ) $ — $ — $ (6,657 ) Net (loss) income from continuing operations by geographic area $ (6,152 ) $ — $ 19 $ (1,009 ) $ (1 ) $ (186 ) $ — $ — $ (7,329 ) For the Three Months Ended June 30, 2022: Revenues by geographic area $ 1,427 $ — $ 141 $ 1,023 $ 125 $ 2 $ — $ (142 ) $ 2,576 Operating (loss) income by geographic area $ (6,512 ) $ — $ 45 $ (2,690 ) $ 46 $ (263 ) $ — $ 1 $ (9,373 ) Net (loss) income from continuing operations by geographic area $ (6,144 ) $ — $ 45 $ (2,639 ) $ 46 $ (263 ) $ — $ (10 ) $ (8,965 ) For the Six Months ended June 30, 2023: Revenues by geographic area $ 3,255 $ — $ 793 $ 1,918 $ 229 $ 4 $ — $ (1,038 ) $ 5,161 Operating (loss) income by geographic area $ (12,756 ) $ — $ 120 $ (1,923 ) $ (5 ) $ (275 ) $ — $ — $ (14,839 ) Net (loss) income from continuing operations by geographic area $ (17,685 ) $ — $ 124 $ (1,811 ) $ (5 ) $ (275 ) $ — $ 1 $ (19,651 ) For the Six Months Ended June 30, 2022: Revenues by geographic area $ 2,970 $ — $ 267 $ 1,971 $ 243 $ 6 $ — $ (232 ) $ 5,225 Operating (loss) income by geographic area $ (14,181 ) $ — $ 84 $ (4,108 ) $ 59 $ (464 ) $ — $ (1 ) $ (18,611 ) Net (loss) income from continuing operations by geographic area $ (15,415 ) $ — $ 84 $ (4,012 ) $ 59 $ (464 ) $ — $ — $ (19,748 ) As of June 30, 2023: Identifiable assets by geographic area $ 51,794 $ — $ 712 $ 20,056 $ 362 $ 86 $ — $ (42,565 ) $ 30,445 Long lived assets by geographic area $ 2,294 $ — $ 23 $ 2,810 $ — $ 2 $ — $ — $ 5,129 As of December 31, 2022: Identifiable assets by geographic area $ 133,382 $ 5,484 $ 682 $ 19,599 $ 277 $ 19 $ 415 $ (102,223 ) $ 57,635 Long lived assets by geographic area $ 2,538 $ — $ 3 $ 3,308 $ 1 $ 4 $ — $ — $ 5,854 | The financial data by geographic area are as follows (in thousands): United Canada India Germany United Ireland Philippines Eliminations Total Less Total, For the Year Ended December 31, 2022: Revenues by geographic area $ 13,458 $ 2,061 $ 1,830 $ 4,583 $ 406 $ 6 165 $ (3,091 ) $ 19,418 (8,470 ) $ 10,948 Operating income (loss) by geographic area $ (42,852 ) $ (7,177 ) $ 208 $ (6,121 ) $ 17 $ (673 ) (99 ) $ (3 ) $ (56,700 ) 27,894 $ (28,806 ) Net income (loss) by geographic area $ (51,936 ) $ (7,770 ) $ 138 $ (5,982 ) $ 20 $ (673 ) (101 ) $ — $ (66,304 ) 28,075 $ (38,229 ) For the Year Ended December 31, 2021: Revenues by geographic area $ 10,990 $ 2,638 $ 1,626 $ 3,593 $ 392 $ 7 — $ (3,251 ) $ 15,995 (6,368 ) $ 9,627 Operating income (loss) by geographic area $ (60,450 ) $ (6,451 ) $ 146 $ (5,629 ) $ (2 ) $ (346 ) — $ (11 ) $ (72,743 ) 42,922 $ (29,821 ) Net income (loss) by geographic area $ (57,516 ) $ (6,882 ) $ 124 $ (5,505 ) $ (5 ) $ (346 ) — $ — $ (70,130 ) 37,720 $ (32,410 ) As of December 31, 2022: Identifiable assets by geographic area $ 133,382 $ 5,484 $ 682 $ 19,599 $ 277 $ 19 415 $ (102,223 ) $ 57,635 — $ 57,635 Long lived assets by geographic area $ 18,097 $ 4,788 $ 101 $ 3,308 $ 1 $ 4 214 $ — $ 26,513 (20,659 ) $ 5,854 Goodwill by geographic area $ — $ — $ — $ — $ — $ — — $ — $ — — $ — As of December 31, 2021: Identifiable assets by geographic area $ 216,338 $ 7,191 $ 675 $ 20,238 $ 283 $ 69 — $ (88,121 ) $ 156,673 — $ 156,673 Long lived assets by geographic area $ 27,773 $ 5,864 $ 181 $ 4,624 $ 2 $ 4 — $ — $ 38,448 (25,070 ) $ 13,378 Goodwill by geographic area $ 5,915 $ 480 $ — $ 1,278 $ — $ — — $ — $ 7,673 (5,546 ) $ 2,127 |
Leases (Tables)
Leases (Tables) | 6 Months Ended | 12 Months Ended |
Jun. 30, 2023 | Dec. 31, 2022 | |
Leases [Abstract] | ||
Schedule of Right-of-use assets | Right -of-use As of As of Palo Alto, CA Office $ 630 $ 630 Hyderabad, India Office 19 — Ratingen, Germany Office 86 85 Berlin, Germany Office 514 508 Frankfurt, Germany Office 298 294 Less accumulated amortization (1,113 ) (986 ) Right-of-use asset, net $ 434 $ 531 | Right -of-use As of As of Palo Alto, CA Office $ 630 $ 631 Hyderabad, India Office 342 359 Coquitlam, Canada Office 91 97 Westminster, Canada Office — 10 Toronto, Canada Office 565 949 Ratingen, Germany Office 85 90 Berlin, Germany Office 508 536 Slough, United Kingdom Office — 34 Frankfurt, Germany Office 294 312 Manila, Philippines Office 247 — Less accumulated amortization (1,550 ) (1,281 ) Right-of-use asset, net $ 1,212 $ 1,737 Less discontinued operations (681 ) (724 ) Right-of-use asset, continuing operations $ 531 $ 1,013 |
Schedule of Lease liabilities | Lease liability is summarized below (in thousands): As of As of Total lease liability $ 1,255 $ 1,751 Less: short term portion (477 ) (643 ) Long term portion $ 778 $ 1,108 Less discontinued operations (444 ) (531 ) Long term portion, continuing operations $ 334 $ 577 | |
Schedule of Maturity analysis under the lease agreement | Maturity analysis under the lease agreement is as follows (in thousands): Six months ending December 31, 2023 $ 108 Year ending December 31, 2024 216 Year ending December 31, 2025 109 Year ending December 31, 2026 41 Year ending December 31, 2027 — Year ending December 31, 2028 and thereafter — Total $ 474 Less: Present value discount (29 ) Lease liability $ 445 | Maturity analysis under the lease agreement is as follows (in thousands): Year ending December 31, 2023 $ 539 Year ending December 31, 2024 454 Year ending December 31, 2025 275 Year ending December 31, 2026 98 Year ending December 31, 2027 — Total $ 1,366 Less: Present value discount (111 ) Lease liability $ 1,255 Less discontinued operations (710 ) Lease liability, continuing operations $ 545 |
Schedule of Lease Liability | Lease liability is summarized below (in thousands): As of As of Total lease liability $ 445 $ 545 Less: short term portion (200 ) (211 ) Long term portion $ 245 $ 334 |
Restructuring Activities (Table
Restructuring Activities (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Restructuring Activities [Abstract] | |
Schedule of Restructuring Costs Payable for Costs Incurred Related to the Restructuring Activities | A summary of the activity for the year ended December 31, 2022, is included below (in thousands): Restructuring costs payable – January 1, 2022 $ — Restructuring costs incurred 845 Restructuring costs paid (793 ) Restructuring costs payable – December 31, 2022 $ 52 Less discontinued operations $ (52 ) Restructuring costs – continuing operations $ — |
Discontinued Operations (Tables
Discontinued Operations (Tables) | 6 Months Ended | 12 Months Ended |
Jun. 30, 2023 | Dec. 31, 2022 | |
Discontinued Operations [Abstract] | ||
Summary of Certain Selected Components of Discontinued Operations | accumulated other comprehensive income that was recognized as a result of those distributed assets and liabilities included in the foreign operations of CXApp. Three Months Six Months Six Months Revenues $ 2,149 $ 1,620 $ 4,731 Cost of Revenues 540 483 1,129 Gross Profit 1,609 1,137 3,602 Operating Expenses Research and development 2,430 1,514 4,421 Sales and marketing 1,570 988 2,676 General and administrative 2,497 1,644 3,914 Earnout compensation benefit — — (2,827 ) Acquisition related costs 10 — 16 Transaction costs — 1,043 — Impairment of goodwill 5,540 — 5,540 Amortization of intangibles 973 805 1,948 Total Operating Expenses 13,020 5,994 15,688 Loss from Operations (11,411 ) (4,857 ) (12,086 ) Interest (expense)/income, net 8 1 9 Other income/(expense) — — — Total Other Income (Expense) 8 1 9 Loss from discontinued operations, before tax (11,403 ) (4,856 ) (12,077 ) Income tax provision 38 — (62 ) Loss from discontinued operations, net of tax $ (11,365 ) $ (4,856 ) $ (12,139 ) | The following table summarizes certain selected components of income from discontinued operations: Year Ended Year Ended Revenues $ 8,470 $ 6,368 Cost of Revenues 2,064 1,646 Gross Profit 6,406 4,722 Operating Expenses Research and development 9,323 6,704 Sales and marketing 4,996 4,763 General and administrative 10,540 20,607 Acquisition related costs 16 628 Impairment of goodwill and intangibles 5,540 11,896 Amortization of intangibles 3,885 3,046 Total Operating Expenses 34,300 47,644 Loss from Operations (27,894 ) (42,922 ) Other Income (Expense) Interest (expense)/income, net 4 1 Other income/(expense) (1 ) — Total Other Income (Expense) 3 1 Loss from discontinued operations, before tax (27,891 ) (42,921 ) Income tax (expense)/benefit (184 ) 5,201 Loss from discontinued operations, net of tax $ (28,075 ) $ (37,720 ) As of December 31, 2022 2021 Current Assets of Discontinued Operations Cash and cash equivalents $ 10,000 10,000 Accounts receivable 1,338 1,764 Notes and other receivables 273 106 Inventory — 11 Prepaid expenses and other current assets 650 889 Current Assets of Discontinued Operations $ 12,261 $ 12,770 Long Term Assets of Discontinued Operations Property and equipment, net $ 202 $ 231 Operating Lease Right-of-Use Asset, net 681 723 Software development costs, net 487 648 Intangible assets, net 19,289 23,468 Goodwill — 5,545 Other Assets 52 76 Long Term Assets of Discontinued Operations $ 20,711 $ 30,691 Current Liabilities of Discontinued Operations Accounts payable $ 1,054 $ 661 Accrued liabilities 1,736 7,882 Operating lease obligation, current 266 213 Deferred revenue 2,162 3,145 Current Liabilities of Discontinued Operations $ 5,218 $ 11,901 Long Term Liabilities of Discontinued Operations Operating lease obligation, noncurrent $ 444 $ 531 Other Liabilities, noncurrent 28 28 Long Term Liabilities of Discontinued Operations $ 472 $ 559 |
Schedule of Summarizes Certain Assets and Liabilities of Discontinued Operations | The following table summarizes certain assets and liabilities of discontinued operations: As of Current Assets of Discontinued Operations Cash and cash equivalents $ 10,000 Accounts receivable 1,338 Prepaid expenses and other current assets 923 Current Assets of Discontinued Operations $ 12,261 Long Term Assets of Discontinued Operations Property and equipment, net $ 202 Operating Lease Right-of-Use Asset, net 681 Software development costs, net 487 Intangible assets, net 19,289 Other Assets 52 Long Term Assets of Discontinued Operations $ 20,711 Current Liabilities of Discontinued Operations Accounts payable $ 1,054 Accrued liabilities 1,736 Operating lease obligation, current 266 Deferred revenue 2,162 Current Liabilities of Discontinued Operations $ 5,218 Long Term Liabilities of Discontinued Operations Operating lease obligation, noncurrent $ 444 Other Liabilities, noncurrent 28 Long Term Liabilities of Discontinued Operations $ 472 | Fair Value Allocation Assets acquired: Cash and cash equivalents $ 109 Accounts receivable 110 Prepaid expenses and other current assets 135 Inventory 844 Right of use asset 312 Property, plant, and equipment 30 Other assets 113 Tradename & trademarks 168 Proprietary technology 507 Customer relationships 197 Goodwill 482 Total assets acquired $ 3,007 Liabilities assumed: Accounts payable 2 Accrued liabilities 413 Lease liabilities – current 54 Lease liabilities – noncurrent 231 Payable to new parent 391 Deferred revenue 784 Total liabilities assumed 1,875 Estimated fair value of net assets acquired: $ 1,132 |
Segments (Tables)
Segments (Tables) | 6 Months Ended | 12 Months Ended |
Jun. 30, 2023 | Dec. 31, 2022 | |
Segments [Abstract] | ||
Schedule of Revenues and Gross Profit Segments | Revenues and gross profit segments consisted of the following (in thousands): For the Three Months Ended For the Six Months Ended 2023 2022 2023 2022 Revenue by Segment Indoor Intelligence $ 840 $ 1,337 $ 2,749 $ 2,734 SAVES 743 727 1,461 1,461 Shoom 474 512 951 1,030 Total segment revenue $ 2,057 $ 2,576 $ 5,161 $ 5,225 Gross profit by Segment Indoor Intelligence $ 597 $ 804 $ 1,891 $ 1,741 SAVES 655 481 1,274 974 Shoom 415 435 816 857 Gross profit by Segment $ 1,667 $ 1,720 $ 3,981 $ 3,572 Income (loss) from operations by Segment Indoor Intelligence $ (6,733 ) $ (8,646 ) $ (14,849 ) $ (17,660 ) Saves (144 ) (975 ) (439 ) (1,379 ) Shoom 220 248 449 428 Loss from operations by Segment $ (6,657 ) $ (9,373 ) $ (14,839 ) $ (18,611 ) | Revenue, gross profit, and income (loss) from operations by segment consisted of the following (in thousands): For the Years Ended 2022 2021 Revenue by Segment Indoor Intelligence $ 14,614 $ 11,046 Saves 2,775 2,938 Shoom 2,029 2,011 Total segment revenue $ 19,418 $ 15,995 Less discontinued operations (8,470 ) (6,368 ) Total segment revenue, continuing operations $ 10,948 $ 9,627 Gross profit by Segment Indoor Intelligence $ 10,411 $ 7,833 Saves 1,781 2,072 Shoom 1,737 1,716 Gross profit by Segment $ 13,929 $ 11,621 Less discontinued operations (6,406 ) (4,722 ) Gross profit by Segment, continuing operations $ 7,523 $ 6,899 Income (loss) from operations by Segment Indoor Intelligence $ (53,602 ) $ (72,174 ) Saves (3,876 ) (1,515 ) Shoom 778 946 Loss from operations by Segment $ (56,700 ) $ (72,743 ) Less discontinued operations 27,894 42,922 Loss from operations by Segment, continuing operations $ (28,806 ) $ (29,821 ) |
Organization and Nature of Bu_2
Organization and Nature of Business (Details) $ / shares in Units, $ in Millions | 3 Months Ended | 6 Months Ended | 12 Months Ended | ||||
Mar. 14, 2023 $ / shares shares | Jun. 30, 2021 $ / shares | Jun. 30, 2023 $ / shares | Dec. 31, 2022 USD ($) $ / shares | Oct. 17, 2022 $ / shares | Sep. 25, 2022 $ / shares | Dec. 31, 2021 $ / shares | |
Organization and Nature of Business (Details) [Line Items] | |||||||
Number of segments | 3 | 3 | 3 | ||||
Capital stock value (in Dollars) | $ | $ 69 | ||||||
Common stock percentage | 100% | ||||||
Common stock par value (in Dollars per share) | $ 0.001 | $ 0.001 | $ 0.001 | $ 4.78 | $ 0.001 | ||
CXApp [Member] | |||||||
Organization and Nature of Business (Details) [Line Items] | |||||||
Security holders ownership percentage | 50% | ||||||
CXApp [Member] | |||||||
Organization and Nature of Business (Details) [Line Items] | |||||||
Common stock par value (in Dollars per share) | $ 0.00001 | ||||||
CXApp [Member] | |||||||
Organization and Nature of Business (Details) [Line Items] | |||||||
Spinoff transaction, conversion, shares issued (in Shares) | shares | 1 | ||||||
Spinoff transaction, stock price (in Dollars per share) | $ 12 | ||||||
Common Class A [Member] | CXApp [Member] | |||||||
Organization and Nature of Business (Details) [Line Items] | |||||||
Spinoff transaction, conversion ratio | 0.0975222161241519 | ||||||
Common Class C [Member] | CXApp [Member] | |||||||
Organization and Nature of Business (Details) [Line Items] | |||||||
Spinoff transaction, conversion ratio | 0.345760584440175 |
Summary of Significant Accoun_3
Summary of Significant Accounting Policies (Details) - USD ($) | 1 Months Ended | 3 Months Ended | 6 Months Ended | 12 Months Ended | ||||||||||||||||||
Jul. 01, 2023 | Jun. 13, 2023 | Mar. 31, 2022 | Mar. 22, 2022 | Mar. 22, 2022 | Sep. 15, 2021 | Sep. 13, 2021 | Sep. 13, 2021 | Feb. 11, 2021 | Dec. 30, 2022 | Oct. 18, 2022 | Jul. 22, 2022 | Mar. 22, 2022 | Jun. 30, 2023 | Mar. 31, 2023 | Dec. 31, 2022 | Jun. 30, 2022 | Mar. 31, 2022 | Jun. 30, 2023 | Jun. 30, 2022 | Dec. 31, 2022 | Dec. 31, 2021 | |
Summary of Significant Accounting Policies (Details) [Line Items] | ||||||||||||||||||||||
Working capital deficiency | $ 5,200,000 | $ 5,200,000 | ||||||||||||||||||||
Cash | $ 15,700,000 | 20,200,000 | $ 15,700,000 | 20,200,000 | ||||||||||||||||||
Loss of pertains to discontinued operations | 28,100,000 | |||||||||||||||||||||
Operating activities | (15,805,000) | $ (19,544,000) | (33,963,000) | $ (37,131,000) | ||||||||||||||||||
Net cash pertains to discontinued operation | 17,800,000 | 10,000,000 | ||||||||||||||||||||
Company’s common stock (in Shares) | 40,000 | |||||||||||||||||||||
Offering | $ 50,600,000 | 46,906,000 | 46,906,000 | 50,585,000 | ||||||||||||||||||
Warrants exercise price per share (in Dollars per share) | $ 2,300,000 | $ 6,400,000 | $ 6,400,000 | |||||||||||||||||||
Net proceeds | 77,852,000 | |||||||||||||||||||||
Allowance for credit losses | 200,000 | 200,000 | 200,000 | |||||||||||||||||||
Inventory obsolescence | $ 400,000 | 400,000 | 400,000 | |||||||||||||||||||
Unrealized losses | 200,000 | |||||||||||||||||||||
Unrealized gain (loss) on equity securities | $ 90,000 | $ 200,000 | $ 60,000 | 1,300,000 | $ 7,900,000 | $ 57,100,000 | ||||||||||||||||
Estimated useful lives of the assets | 10 years | 10 years | ||||||||||||||||||||
Amortized ratably over a range | 5 years | 5 years | ||||||||||||||||||||
Finite-Lived Intangible Assets | 15 years | 15 years | 2 years 4 months 24 days | |||||||||||||||||||
Impairment | $ 4,600,000 | $ 0 | ||||||||||||||||||||
Finite-Lived Intangible Assets, Net | 2,573,000 | $ 2,994,000 | 2,573,000 | 2,994,000 | ||||||||||||||||||
Impairment of goodwill and intangibles | 7,570,000 | $ 12,199,000 | 14,789,000 | |||||||||||||||||||
Lease term | 1 year | |||||||||||||||||||||
Research and development costs | $ 17,700,000 | 14,100,000 | ||||||||||||||||||||
Research and development costs discontinued operations | 9,300,000 | 6,700,000 | ||||||||||||||||||||
Non-controlling interest | 1,200,000 | 1,200,000 | 1,700,000 | |||||||||||||||||||
Non-controlling interest Converted | 1,100,000 | 1,100,000 | ||||||||||||||||||||
Totaling a gain loss | $ 1,000,000 | 600,000 | ||||||||||||||||||||
Stated term | 1 year | 1 year | ||||||||||||||||||||
Renewal option term | 1 year | 1 year | ||||||||||||||||||||
Option to upgrade | 2 years | 2 years | ||||||||||||||||||||
Deferred revenue | 3,500,000 | $ 3,500,000 | 4,800,000 | |||||||||||||||||||
Deferred revenue of discontinued operations | 2,200,000 | 3,100,000 | ||||||||||||||||||||
Selling, general and administrative expenses | 600,000 | 400,000 | ||||||||||||||||||||
General and administrative expenses discontinued operations | 400,000 | 200,000 | ||||||||||||||||||||
Stock-based compensation charges | 3,700,000 | 10,900,000 | ||||||||||||||||||||
Administrative expenses discontinued operations | 1,600,000 | 4,100,000 | ||||||||||||||||||||
Impairment of goodwill and intangibles | 12,200,000 | 14,800,000 | ||||||||||||||||||||
Goodwill and intangibles discontinued operations | 5,500,000 | 12,000,000 | ||||||||||||||||||||
Working capital surplus (deficit) | 20,000 | $ 20,000 | ||||||||||||||||||||
Net income (loss) | (7,329,000) | $ (17,178,000) | (20,330,000) | $ (11,557,000) | (24,507,000) | (31,887,000) | (66,304,000) | (70,130,000) | ||||||||||||||
Cash and cash equivalents | 15,681,000 | 10,235,000 | 15,681,000 | 10,235,000 | 42,480,000 | |||||||||||||||||
Deferred revenue | 1,100,000 | 1,300,000 | 1,100,000 | 1,300,000 | ||||||||||||||||||
Contract with customer, liability | 900,000 | 3,485,000 | 900,000 | 3,485,000 | 4,805,000 | |||||||||||||||||
Stock based compensation | 200,000 | 700,000 | 570,000 | $ 2,274,000 | ||||||||||||||||||
Accumulated deficit | (1,866,000) | $ (1,184,000) | $ (1,866,000) | $ (1,184,000) | 1,688,000 | |||||||||||||||||
Inpixon India [Member] | ||||||||||||||||||||||
Summary of Significant Accounting Policies (Details) [Line Items] | ||||||||||||||||||||||
Equity interest | 82.50% | 82.50% | ||||||||||||||||||||
Inpixon Philippines, Inc [Member] | ||||||||||||||||||||||
Summary of Significant Accounting Policies (Details) [Line Items] | ||||||||||||||||||||||
Equity interest | 99.97% | 99.97% | ||||||||||||||||||||
Game Your Game [Member] | ||||||||||||||||||||||
Summary of Significant Accounting Policies (Details) [Line Items] | ||||||||||||||||||||||
Equity interest | 55.40% | 55.40% | ||||||||||||||||||||
Common Stock [Member] | ||||||||||||||||||||||
Summary of Significant Accounting Policies (Details) [Line Items] | ||||||||||||||||||||||
Operating activities | $ 34,000,000 | |||||||||||||||||||||
Net income (loss) | ||||||||||||||||||||||
Continuing Operations [Member] | ||||||||||||||||||||||
Summary of Significant Accounting Policies (Details) [Line Items] | ||||||||||||||||||||||
Working capital deficiency | $ 1.9 | 1.9 | ||||||||||||||||||||
Cash from continuing operations | 10,200,000 | |||||||||||||||||||||
In Process Research and Development [Member] | ||||||||||||||||||||||
Summary of Significant Accounting Policies (Details) [Line Items] | ||||||||||||||||||||||
Finite-Lived Intangible Assets, Net | $ 0 | 0 | 0 | |||||||||||||||||||
Equity Distribution Agreement [Member] | ||||||||||||||||||||||
Summary of Significant Accounting Policies (Details) [Line Items] | ||||||||||||||||||||||
Company’s common stock (in Shares) | 28,981,729 | |||||||||||||||||||||
Aggregate offering price | $ 25,000,000 | $ 25,000,000 | ||||||||||||||||||||
Sale of stock, consideration received on transaction | $ 21,000,000 | |||||||||||||||||||||
Securities Purchase Agreement [Member] | ||||||||||||||||||||||
Summary of Significant Accounting Policies (Details) [Line Items] | ||||||||||||||||||||||
Net proceeds | $ 14,100,000 | |||||||||||||||||||||
Securities Purchase Agreement [Member] | Common Stock [Member] | ||||||||||||||||||||||
Summary of Significant Accounting Policies (Details) [Line Items] | ||||||||||||||||||||||
Company’s common stock (in Shares) | 253,112 | |||||||||||||||||||||
Securities Purchase Agreement [Member] | Combined Offering Warrant [Member] | Common Stock [Member] | ||||||||||||||||||||||
Summary of Significant Accounting Policies (Details) [Line Items] | ||||||||||||||||||||||
Pre-funded warrants to purchase (in Shares) | 3,846,153 | |||||||||||||||||||||
Combined offering price per share (in Dollars per share) | $ 5.85 | |||||||||||||||||||||
Securities Purchase Agreement [Member] | Pre-Funded Warrant [Member] | ||||||||||||||||||||||
Summary of Significant Accounting Policies (Details) [Line Items] | ||||||||||||||||||||||
Warrants exercise price per share (in Dollars per share) | $ 0.001 | |||||||||||||||||||||
Securities Purchase Agreement [Member] | Pre-Funded Warrant [Member] | Common Stock [Member] | ||||||||||||||||||||||
Summary of Significant Accounting Policies (Details) [Line Items] | ||||||||||||||||||||||
Pre-funded warrants to purchase (in Shares) | 2,310,990 | |||||||||||||||||||||
Combined offering price per share (in Dollars per share) | $ 5.849 | |||||||||||||||||||||
Sales Agreement [Member] | ||||||||||||||||||||||
Summary of Significant Accounting Policies (Details) [Line Items] | ||||||||||||||||||||||
Sale of stock, consideration received on transaction | 1,400,000 | |||||||||||||||||||||
Subsequent Event [Member] | Equity Distribution Agreement [Member] | ||||||||||||||||||||||
Summary of Significant Accounting Policies (Details) [Line Items] | ||||||||||||||||||||||
Company’s common stock (in Shares) | 9,655,207 | |||||||||||||||||||||
Sale of stock, consideration received on transaction | $ 15,400,000 | |||||||||||||||||||||
Subsequent Event [Member] | Sales Agreement [Member] | ||||||||||||||||||||||
Summary of Significant Accounting Policies (Details) [Line Items] | ||||||||||||||||||||||
Company’s common stock (in Shares) | 41,393,825 | |||||||||||||||||||||
Sale of stock, consideration received on transaction | $ 6,400,000 | |||||||||||||||||||||
Liquidity [Member] | ||||||||||||||||||||||
Summary of Significant Accounting Policies (Details) [Line Items] | ||||||||||||||||||||||
Net income (loss) | $ 7,300,000 | $ 24,500,000 | ||||||||||||||||||||
Goodwill [Member] | ||||||||||||||||||||||
Summary of Significant Accounting Policies (Details) [Line Items] | ||||||||||||||||||||||
Impairment of goodwill and intangibles | 7,600,000 | 14,800,000 | ||||||||||||||||||||
Goodwill and intangible asset impairment from the discontinued operations | $ 5,500,000 | $ 11,900,000 | ||||||||||||||||||||
Minimum [Member] | ||||||||||||||||||||||
Summary of Significant Accounting Policies (Details) [Line Items] | ||||||||||||||||||||||
Estimated useful lives of the assets | 3 years | 3 years | ||||||||||||||||||||
Amortized ratably over a range | 1 year | 1 year | ||||||||||||||||||||
Minimum [Member] | Computer Software, Intangible Asset [Member] | ||||||||||||||||||||||
Summary of Significant Accounting Policies (Details) [Line Items] | ||||||||||||||||||||||
Amortized ratably over a range | 1 year | 1 year | ||||||||||||||||||||
Minimum [Member] | Equity Distribution Agreement [Member] | ||||||||||||||||||||||
Summary of Significant Accounting Policies (Details) [Line Items] | ||||||||||||||||||||||
Combined offering price per share (in Dollars per share) | $ 0.200034 | $ 0.200034 | ||||||||||||||||||||
Minimum [Member] | Subsequent Event [Member] | ||||||||||||||||||||||
Summary of Significant Accounting Policies (Details) [Line Items] | ||||||||||||||||||||||
Combined offering price per share (in Dollars per share) | $ 0.139609 | |||||||||||||||||||||
Minimum [Member] | Subsequent Event [Member] | Equity Distribution Agreement [Member] | ||||||||||||||||||||||
Summary of Significant Accounting Policies (Details) [Line Items] | ||||||||||||||||||||||
Combined offering price per share (in Dollars per share) | $ 1.15 | |||||||||||||||||||||
Revision of Prior Period, Reclassification, Adjustment [Member] | ||||||||||||||||||||||
Summary of Significant Accounting Policies (Details) [Line Items] | ||||||||||||||||||||||
Accumulated deficit | $ 1,100,000 | $ 1,100,000 | ||||||||||||||||||||
Liquidity [Member] | ||||||||||||||||||||||
Summary of Significant Accounting Policies (Details) [Line Items] | ||||||||||||||||||||||
Net loss attributable to common stockholders, basic | $ 79,600,000 | |||||||||||||||||||||
Initial Principal Amount [Member] | Unsecured Debt [Member] | Streeterville Capital, LLC [Member] | ||||||||||||||||||||||
Summary of Significant Accounting Policies (Details) [Line Items] | ||||||||||||||||||||||
Aggregate initial principal amount | $ 8,400,000 | 6,500,000 | ||||||||||||||||||||
Company received value | $ 6,500,000 | $ 5,000,000 | ||||||||||||||||||||
Risks and Uncertainties [Member] | ||||||||||||||||||||||
Summary of Significant Accounting Policies (Details) [Line Items] | ||||||||||||||||||||||
Term of financial statements | 1 year | |||||||||||||||||||||
Series 7 Convertible Preferred Stock [Member] | ||||||||||||||||||||||
Summary of Significant Accounting Policies (Details) [Line Items] | ||||||||||||||||||||||
Aggregate cash paid | $ 49,300,000 | $ 49,300,000 | $ 49,300,000 | $ 49,300,000 | $ 49,300,000 | |||||||||||||||||
Offering | $ 50,600,000 | |||||||||||||||||||||
Outstanding shares totaling (in Shares) | 49,250 | 49,250 | 49,250 | |||||||||||||||||||
Series 8 Convertible Preferred Stock [Member] | ||||||||||||||||||||||
Summary of Significant Accounting Policies (Details) [Line Items] | ||||||||||||||||||||||
Aggregate cash paid | $ 53,200,000 | $ 53,200,000 | ||||||||||||||||||||
Number of shares sold under offering (in Shares) | 53,197.7234 | 53,197.7234 | 53,197.7234 | |||||||||||||||||||
Company’s common stock (in Shares) | 1,503,726 | 1,503,726 | ||||||||||||||||||||
Net proceeds from issuance of common stock and warrants (in Dollars per share) | $ 940 | $ 940 | $ 940 | |||||||||||||||||||
Issue discount percentage | 6% | 6% | 6% | |||||||||||||||||||
Aggregate subscription amount | $ 50,000,000 | $ 50,000,000 | $ 50,000,000 | |||||||||||||||||||
Offering | $ 46,900,000 | $ 46,900,000 | $ 46,900,000 | |||||||||||||||||||
Outstanding shares totaling (in Shares) | 53,197.72 | 53,197.72 |
Summary of Significant Accoun_4
Summary of Significant Accounting Policies (Details) - Schedule of Common Shares and Common Share Equivalents Excluded From the Calculation of Diluted Net Loss per Common Share - shares | 3 Months Ended | 6 Months Ended | 12 Months Ended | |||
Jun. 30, 2023 | Jun. 30, 2022 | Jun. 30, 2023 | Jun. 30, 2022 | Dec. 31, 2022 | Dec. 31, 2021 | |
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items] | ||||||
Totals | 77,520,857 | 3,664,627 | 41,341,926 | 3,238,000 | 6,563,626 | 2,210,272 |
Options [Member] | ||||||
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items] | ||||||
Totals | 341,034 | 370,760 | 346,252 | 370,760 | 351,587 | 252,006 |
Warrants [Member] | ||||||
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items] | ||||||
Totals | 77,179,810 | 1,737,626 | 40,995,661 | 1,310,999 | 6,212,026 | 1,285,428 |
Convertible preferred stock [Member] | ||||||
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items] | ||||||
Totals | 13 | 1,503,728 | 13 | 1,503,728 | 13 | 525,345 |
Earnout reserve [Member] | ||||||
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items] | ||||||
Totals | 52,513 | 52,513 | 147,493 |
Disaggregation of Revenue (Deta
Disaggregation of Revenue (Details) - Schedule of Revenue - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | 12 Months Ended | ||||
Jun. 30, 2023 | Jun. 30, 2022 | Jun. 30, 2023 | Jun. 30, 2022 | Dec. 31, 2022 | Dec. 31, 2021 | ||
Recurring revenue | |||||||
Total segment revenue | $ 2,057 | $ 2,576 | $ 5,161 | $ 5,225 | |||
Transferred at Point in Time [Member] | |||||||
Recurring revenue | |||||||
Total segment revenue | 960 | 1,272 | 3,009 | 2,460 | $ 5,450 | $ 5,807 | |
Transferred over Time [Member] | |||||||
Recurring revenue | |||||||
Total segment revenue | 1,097 | 1,304 | 2,152 | 2,765 | |||
Continuing Operations [Member] | Transferred at Point in Time [Member] | |||||||
Recurring revenue | |||||||
Total segment revenue | 5,445 | 5,803 | |||||
Discontinued Operations [Member] | Transferred at Point in Time [Member] | |||||||
Recurring revenue | |||||||
Total segment revenue | 5 | 4 | |||||
Indoor Intelligence [Member] | Transferred at Point in Time [Member] | |||||||
Recurring revenue | |||||||
Total segment revenue | [1] | 4,037 | 4,371 | ||||
Indoor Intelligence [Member] | Transferred over Time [Member] | |||||||
Recurring revenue | |||||||
Total segment revenue | [2],[3] | 10,576 | 6,676 | ||||
Indoor Intelligence [Member] | Continuing Operations [Member] | Transferred at Point in Time [Member] | |||||||
Recurring revenue | |||||||
Total segment revenue | [1] | 4,032 | 4,367 | ||||
Indoor Intelligence [Member] | Continuing Operations [Member] | Transferred over Time [Member] | |||||||
Recurring revenue | |||||||
Total segment revenue | [2],[3] | 2,111 | 312 | ||||
Indoor Intelligence [Member] | Discontinued Operations [Member] | Transferred at Point in Time [Member] | |||||||
Recurring revenue | |||||||
Total segment revenue | [1] | 5 | 4 | ||||
Indoor Intelligence [Member] | Discontinued Operations [Member] | Transferred over Time [Member] | |||||||
Recurring revenue | |||||||
Total segment revenue | [2],[3] | 8,465 | 6,364 | ||||
Saves [Member] | Transferred at Point in Time [Member] | |||||||
Recurring revenue | |||||||
Total segment revenue | [1] | 1,413 | 1,436 | ||||
Saves [Member] | Transferred over Time [Member] | |||||||
Recurring revenue | |||||||
Total segment revenue | [3] | 1,362 | 1,501 | ||||
Saves [Member] | Continuing Operations [Member] | Transferred at Point in Time [Member] | |||||||
Recurring revenue | |||||||
Total segment revenue | [1] | 1,413 | 1,436 | ||||
Saves [Member] | Continuing Operations [Member] | Transferred over Time [Member] | |||||||
Recurring revenue | |||||||
Total segment revenue | [3] | 1,362 | 1,501 | ||||
Saves [Member] | Discontinued Operations [Member] | Transferred at Point in Time [Member] | |||||||
Recurring revenue | |||||||
Total segment revenue | [1] | ||||||
Saves [Member] | Discontinued Operations [Member] | Transferred over Time [Member] | |||||||
Recurring revenue | |||||||
Total segment revenue | [3] | ||||||
Shoom [Member] | Transferred at Point in Time [Member] | |||||||
Recurring revenue | |||||||
Total segment revenue | [1] | ||||||
Shoom [Member] | Transferred over Time [Member] | |||||||
Recurring revenue | |||||||
Total segment revenue | [3] | 2,030 | 2,011 | ||||
Shoom [Member] | Continuing Operations [Member] | Transferred at Point in Time [Member] | |||||||
Recurring revenue | |||||||
Total segment revenue | [1] | ||||||
Shoom [Member] | Continuing Operations [Member] | Transferred over Time [Member] | |||||||
Recurring revenue | |||||||
Total segment revenue | [3] | 2,030 | 2,011 | ||||
Shoom [Member] | Discontinued Operations [Member] | Transferred at Point in Time [Member] | |||||||
Recurring revenue | |||||||
Total segment revenue | [1] | ||||||
Shoom [Member] | Discontinued Operations [Member] | Transferred over Time [Member] | |||||||
Recurring revenue | |||||||
Total segment revenue | [3] | ||||||
Total segment revenue [Member] | Transferred over Time [Member] | |||||||
Recurring revenue | |||||||
Total segment revenue | 13,968 | 10,188 | |||||
Total segment revenue [Member] | Continuing Operations [Member] | Transferred over Time [Member] | |||||||
Recurring revenue | |||||||
Total segment revenue | 5,503 | 3,824 | |||||
Total segment revenue [Member] | Discontinued Operations [Member] | Transferred over Time [Member] | |||||||
Recurring revenue | |||||||
Total segment revenue | 8,465 | 6,364 | |||||
Transferred over Time [Member] | |||||||
Recurring revenue | |||||||
Total segment revenue | 19,418 | 15,995 | |||||
Transferred over Time [Member] | Continuing Operations [Member] | |||||||
Recurring revenue | |||||||
Total segment revenue | 10,948 | 9,627 | |||||
Transferred over Time [Member] | Discontinued Operations [Member] | |||||||
Recurring revenue | |||||||
Total segment revenue | 8,470 | 6,368 | |||||
Long-Term Contract with Customer [Member] | |||||||
Recurring revenue | |||||||
Total segment revenue | 990 | 1,019 | 2,004 | 2,070 | 9,530 | 7,190 | |
Long-Term Contract with Customer [Member] | Continuing Operations [Member] | |||||||
Recurring revenue | |||||||
Total segment revenue | 4,060 | 3,844 | |||||
Long-Term Contract with Customer [Member] | Discontinued Operations [Member] | |||||||
Recurring revenue | |||||||
Total segment revenue | 5,470 | 3,346 | |||||
Long-Term Contract with Customer [Member] | Hardware [Member] | |||||||
Recurring revenue | |||||||
Total segment revenue | 3 | ||||||
Long-Term Contract with Customer [Member] | Hardware [Member] | Continuing Operations [Member] | |||||||
Recurring revenue | |||||||
Total segment revenue | |||||||
Long-Term Contract with Customer [Member] | Hardware [Member] | Discontinued Operations [Member] | |||||||
Recurring revenue | |||||||
Total segment revenue | 3 | ||||||
Long-Term Contract with Customer [Member] | Software [Member] | |||||||
Recurring revenue | |||||||
Total segment revenue | 9,530 | 7,152 | |||||
Long-Term Contract with Customer [Member] | Software [Member] | Continuing Operations [Member] | |||||||
Recurring revenue | |||||||
Total segment revenue | 4,060 | 3,844 | |||||
Long-Term Contract with Customer [Member] | Software [Member] | Discontinued Operations [Member] | |||||||
Recurring revenue | |||||||
Total segment revenue | 5,470 | 3,308 | |||||
Long-Term Contract with Customer [Member] | Professional Services [Member] | |||||||
Recurring revenue | |||||||
Total segment revenue | 35 | ||||||
Long-Term Contract with Customer [Member] | Professional Services [Member] | Continuing Operations [Member] | |||||||
Recurring revenue | |||||||
Total segment revenue | |||||||
Long-Term Contract with Customer [Member] | Professional Services [Member] | Discontinued Operations [Member] | |||||||
Recurring revenue | |||||||
Total segment revenue | 35 | ||||||
Short-Term Contract with Customer [Member] | |||||||
Recurring revenue | |||||||
Total segment revenue | $ 1,067 | $ 1,557 | $ 3,157 | $ 3,155 | 19,418 | 15,995 | |
Short-Term Contract with Customer [Member] | Continuing Operations [Member] | |||||||
Recurring revenue | |||||||
Total segment revenue | 10,948 | 9,627 | |||||
Short-Term Contract with Customer [Member] | Discontinued Operations [Member] | |||||||
Recurring revenue | |||||||
Total segment revenue | 8,470 | 6,368 | |||||
Short-Term Contract with Customer [Member] | Hardware [Member] | |||||||
Recurring revenue | |||||||
Total segment revenue | 3,906 | 3,830 | |||||
Short-Term Contract with Customer [Member] | Hardware [Member] | Continuing Operations [Member] | |||||||
Recurring revenue | |||||||
Total segment revenue | 3,905 | 3,794 | |||||
Short-Term Contract with Customer [Member] | Hardware [Member] | Discontinued Operations [Member] | |||||||
Recurring revenue | |||||||
Total segment revenue | 1 | 36 | |||||
Short-Term Contract with Customer [Member] | Software [Member] | |||||||
Recurring revenue | |||||||
Total segment revenue | 1,544 | 1,974 | |||||
Short-Term Contract with Customer [Member] | Software [Member] | Continuing Operations [Member] | |||||||
Recurring revenue | |||||||
Total segment revenue | 1,540 | 1,989 | |||||
Short-Term Contract with Customer [Member] | Software [Member] | Discontinued Operations [Member] | |||||||
Recurring revenue | |||||||
Total segment revenue | 4 | (15) | |||||
Short-Term Contract with Customer [Member] | Professional Services [Member] | |||||||
Recurring revenue | |||||||
Total segment revenue | 4,438 | 3,001 | |||||
Short-Term Contract with Customer [Member] | Professional Services [Member] | Continuing Operations [Member] | |||||||
Recurring revenue | |||||||
Total segment revenue | 1,443 | ||||||
Short-Term Contract with Customer [Member] | Professional Services [Member] | Discontinued Operations [Member] | |||||||
Recurring revenue | |||||||
Total segment revenue | 2,995 | 3,001 | |||||
Short-Term Contract with Customer [Member] | Total non-recurring revenue [Member] | |||||||
Recurring revenue | |||||||
Total segment revenue | 9,888 | 8,805 | |||||
Short-Term Contract with Customer [Member] | Total non-recurring revenue [Member] | Continuing Operations [Member] | |||||||
Recurring revenue | |||||||
Total segment revenue | 6,888 | 5,783 | |||||
Short-Term Contract with Customer [Member] | Total non-recurring revenue [Member] | Discontinued Operations [Member] | |||||||
Recurring revenue | |||||||
Total segment revenue | $ 3,000 | $ 3,022 | |||||
[1]Hardware and Software’s performance obligation is satisfied at a point in time where when they are shipped to the customer.[2]Professional services are also contracted on the fixed fee and time and materials basis. Fixed fees are paid monthly, in phases, or upon acceptance of deliverables. The Company has elected the practical expedient to recognize revenue for the right to invoice because the Company’s right to consideration corresponds directly with the value to the customer of the performance completed to date, in which revenue is recognized over time.[3]Software As A Service Revenue’s performance obligation is satisfied evenly over the service period using a time -based |
Game Your Game Acquisition (Det
Game Your Game Acquisition (Details) - Game Your Game [Member] - USD ($) $ in Millions | 12 Months Ended | |
Apr. 09, 2021 | Dec. 31, 2021 | |
Game Your Game Acquisition (Details) [Line Items] | ||
Purchase price | $ 3.1 | |
Company acquired shares (in Shares) | 522,000 | |
Outstanding shares percentage | 55.40% | |
Goodwill | $ 0.5 | |
Ownership percentage | 44.60% | |
Acquisition-related costs | $ 0.3 |
Game Your Game Acquisition (D_2
Game Your Game Acquisition (Details) - Schedule of Purchase Price $ in Thousands | 12 Months Ended |
Dec. 31, 2022 USD ($) | |
Schedule of Purchase Price [Abstract] | |
Cash | $ 1,667 |
Stock (15,721 number of common stock shares) | 1,403 |
Total Purchase Price | $ 3,070 |
Game Your Game Acquisition (D_3
Game Your Game Acquisition (Details) - Schedule of Purchase Price (Parentheticals) - shares | 3 Months Ended | 12 Months Ended |
Jun. 30, 2021 | Dec. 31, 2022 | |
Game Your Game [Member] | ||
Business Acquisition [Line Items] | ||
Number of common stock shares | 15,722 | 15,721 |
Game Your Game Acquisition (D_4
Game Your Game Acquisition (Details) - Schedule of Purchase Price Allocations Relating to the Acquisition - Game Your Game [Member] $ in Thousands | Dec. 31, 2022 USD ($) |
Game Your Game Acquisition (Details) - Schedule of Purchase Price Allocations Relating to the Acquisition [Line Items] | |
Cash and cash equivalents | $ 1,851 |
Accounts receivable | 36 |
Inventory | 144 |
Other current assets | 37 |
Property and equipment | 105 |
Other assets | 4 |
Goodwill | 459 |
Total assets acquired | 6,935 |
Liabilities assumed: | |
Accounts payable | 957 |
Accrued expenses and other liabilities | 436 |
Total liabilities assumed | 1,393 |
Estimated fair value of net assets acquired: | 5,542 |
Less: Non Controlling Interest | (2,472) |
Estimated fair value of net assets acquired attributable to the Company | 3,070 |
Tradename [Member] | |
Game Your Game Acquisition (Details) - Schedule of Purchase Price Allocations Relating to the Acquisition [Line Items] | |
Other | 628 |
Proprietary technology [Member] | |
Game Your Game Acquisition (Details) - Schedule of Purchase Price Allocations Relating to the Acquisition [Line Items] | |
Other | 2,824 |
Customer relationship [Member] | |
Game Your Game Acquisition (Details) - Schedule of Purchase Price Allocations Relating to the Acquisition [Line Items] | |
Other | $ 847 |
Game Your Game Acquisition (D_5
Game Your Game Acquisition (Details) - Schedule of Acquisition-Related Costs for the Acquisition $ in Thousands | 12 Months Ended |
Dec. 31, 2022 USD ($) | |
Schedule of Acquisition-Related Costs for the Acquisition [Abstract] | |
Professional fees | $ 158 |
Consulting fees | 150 |
Total acquisition costs | $ 308 |
Visualix Acquisition (Details)
Visualix Acquisition (Details) - Visualix Asset Purchase Agreement [Member] | Apr. 23, 2021 EUR (€) shares |
Visualix [Member] | |
Visualix Acquisition (Details) [Line Items] | |
Asset acquisition, consideration transferred (in Euro) | € | € 50,000 |
Asset acquisition, equity interest issued or issuable | 4,224 |
Asset Acquisition, Covenants, Noncompete Term | 2 years |
FEVM [Member] | |
Visualix Acquisition (Details) [Line Items] | |
Asset acquisition, equity interest issued or issuable | 704 |
Visualix Acquisition (Details)
Visualix Acquisition (Details) - Schedule of Purchase Price $ in Thousands | 12 Months Ended |
Dec. 31, 2022 USD ($) | |
Schedule of Purchase Price [Abstract] | |
Cash | $ 61 |
Stock (4,928 common stock shares at $87.00 per share) | 429 |
Total Purchase Price | $ 490 |
Visualix Acquisition (Details_2
Visualix Acquisition (Details) - Schedule of Purchase Price (Parentheticals) | 12 Months Ended |
Dec. 31, 2022 $ / shares shares | |
Schedule of Purchase Price [Abstract] | |
Common stock shares | shares | 4,928 |
Common stock shares at per share | $ / shares | $ 87 |
Visualix Acquisition (Details_3
Visualix Acquisition (Details) - Schedule of Visualix Asset Purchase Agreement $ in Thousands | Dec. 31, 2022 USD ($) |
Visualix Acquisition (Details) - Schedule of Visualix Asset Purchase Agreement [Line Items] | |
Total Purchase Price | $ 490 |
Developed Technology [Member] | |
Visualix Acquisition (Details) - Schedule of Visualix Asset Purchase Agreement [Line Items] | |
Total Purchase Price | 429 |
Non Compete Agreements [Member] | |
Visualix Acquisition (Details) - Schedule of Visualix Asset Purchase Agreement [Line Items] | |
Total Purchase Price | $ 61 |
CXApp Acquisition (Details)
CXApp Acquisition (Details) - USD ($) $ / shares in Units, $ in Thousands | 12 Months Ended | |||||
Mar. 03, 2022 | Mar. 03, 2022 | Apr. 30, 2021 | Dec. 31, 2022 | Dec. 31, 2021 | Dec. 30, 2021 | |
CxApp [Member] | ||||||
CXApp Acquisition (Details) [Line Items] | ||||||
Aggregate purchase price | $ 32,100 | |||||
Holdback funds | $ 4,875 | |||||
Working capital adjustments to holdback funds | 209 | |||||
Contingent consideration additional amount | $ 12,500 | |||||
Share price per share (in Dollars per share) | $ 1.13 | |||||
Total acquisition costs | $ 500 | |||||
Shares issued for cash (in Shares) | 144,986 | 144,986 | ||||
Earnout issued | $ 3,700 | |||||
Earnout shares | $ 6,500 | |||||
Earnout payment benefit | $ 2,800 | |||||
CxApp [Member] | Minimum [Member] | ||||||
CXApp Acquisition (Details) [Line Items] | ||||||
Contingent consideration additional amount | $ 8,300 | |||||
CxApp [Member] | Maximum [Member] | ||||||
CXApp Acquisition (Details) [Line Items] | ||||||
Contingent consideration additional amount | $ 4,200 | |||||
Inpixon [Member] | ||||||
CXApp Acquisition (Details) [Line Items] | ||||||
Goodwill | $ 15,300 | |||||
Holdback funds | 4,900 | |||||
Working capital adjustments to holdback funds | $ 200 |
CXApp Acquisition (Details) - S
CXApp Acquisition (Details) - Schedule of Purchase Price - 12 months ended Dec. 31, 2022 $ in Thousands | USD ($) | EUR (€) |
Schedule of Purchase Price [Abstract] | ||
Cash | $ 22,132 | € 1,000,000 |
Stock (117,994 common stock shares at $84.75 per share) | 10,000 | |
Total Purchase Price | $ 32,132 | € 1,000,000 |
CXApp Acquisition (Details) -_2
CXApp Acquisition (Details) - Schedule of Purchase Price (Parentheticals) - Common Stock [Member] | 12 Months Ended |
Dec. 31, 2022 $ / shares shares | |
Business Acquisition [Line Items] | |
Common stock, shares | shares | 117,994 |
Common stock, price per share | $ / shares | $ 84.75 |
CXApp Acquisition (Details) -_3
CXApp Acquisition (Details) - Schedule of Acquisition Liability - CxApp [Member] - USD ($) $ in Thousands | 12 Months Ended | |
Dec. 31, 2021 | Dec. 31, 2022 | |
Business Acquisition, Contingent Consideration [Line Items] | ||
Option payout | $ 296 | |
Bonus payout | 34 | |
Seller transaction expenses | 72 | |
Miscellaneous accrued expenses | 174 | |
Total current | 576 | |
Option payout | 493 | |
Bonus payout | 57 | |
Holdback funds | 4,875 | |
Total noncurrent | 5,425 | |
Total acquisition liability | 6,001 | |
Less adjustment to holdback funds due to measurement period adjustment | (209) | |
Less payments made during the year ended December 31, 2021 | $ (460) | |
Less payments made during the year ended December 31, 2022 | $ (5,135) | |
Total acquisition liability | $ 197 |
CXApp Acquisition (Details) -_4
CXApp Acquisition (Details) - Schedule of Purchase Price Allocations Relating to the Acquisition - CxApp [Member] $ in Thousands | Dec. 31, 2022 USD ($) |
CXApp Acquisition (Details) - Schedule of Purchase Price Allocations Relating to the Acquisition [Line Items] | |
Cash and cash equivalents | $ 1,153 |
Trade and other receivables | 1,626 |
Prepaid expenses and other current assets | 68 |
Property, plant, and equipment | 6 |
Goodwill | 15,306 |
Total assets acquired | 36,389 |
Accounts payable | 203 |
Deferred revenue | 1,319 |
Accrued expenses and other liabilities | 116 |
Deferred tax liability | 2,591 |
Other tax liability, noncurrent | 28 |
Total liabilities assumed | 4,257 |
Estimated fair value of net assets acquired: | 32,132 |
Tradename [Member] | |
CXApp Acquisition (Details) - Schedule of Purchase Price Allocations Relating to the Acquisition [Line Items] | |
Total | 2,170 |
Developed technology [Member] | |
CXApp Acquisition (Details) - Schedule of Purchase Price Allocations Relating to the Acquisition [Line Items] | |
Total | 8,350 |
Customer relationships [Member] | |
CXApp Acquisition (Details) - Schedule of Purchase Price Allocations Relating to the Acquisition [Line Items] | |
Total | 5,020 |
Non-compete agreements [Member] | |
CXApp Acquisition (Details) - Schedule of Purchase Price Allocations Relating to the Acquisition [Line Items] | |
Total | $ 2,690 |
CXApp Acquisition (Details) -_5
CXApp Acquisition (Details) - Schedule of Acquisition-Related Costs for the Acquisition $ in Thousands | 12 Months Ended |
Dec. 31, 2022 USD ($) | |
Schedule of Acquisition-Related Costs for the Acquisition [Abstract] | |
Accounting fees | $ 115 |
Legal fees | 389 |
Total acquisition costs | $ 504 |
IntraNav Acquisition (Details)
IntraNav Acquisition (Details) - IntraNav [Member] - USD ($) | 12 Months Ended | |
Dec. 31, 2021 | Dec. 09, 2021 | |
IntraNav Acquisition (Details) [Line Items] | ||
Exchange for a Purchase Price | $ 1,100,000 | |
Goodwill | $ 500,000 | |
Total acquisition costs | $ 209,036 |
IntraNav Acquisition (Details)
IntraNav Acquisition (Details) - Schedule of Purchase Price Allocations Relating to the Acquisition - 12 months ended Dec. 31, 2022 $ in Thousands | USD ($) | EUR (€) | EUR (€) |
Schedule of Purchase Price Allocations Relating to the Acquisition [Abstract] | |||
Cash Considerations (EUR) | $ 22,132 | € 1,000,000 | |
Less: IntraNav’s indebtedness in excess of EUR 150,000 | |||
Total Purchase Price (EUR) | 32,132 | € 1,000,000 | |
Total Purchase Price (USD) – at 1.13249 USD per EUR | $ 22,283 | € 1,132,490 |
IntraNav Acquisition (Details_2
IntraNav Acquisition (Details) - Schedule of Purchase Price Allocations Relating to the Acquisition (Parentheticals) | 12 Months Ended |
Dec. 31, 2022 EUR (€) | |
Schedule of Purchase Price Allocations Relating to the Acquisition [Abstract] | |
Indebtedness in excess (in Euro) | € 150,000 |
Total Purchase Price | 1.13249 |
IntraNav Acquisition (Details_3
IntraNav Acquisition (Details) - Schedule of Assets Acquired - IntraNav [Member] $ in Thousands | Dec. 31, 2022 USD ($) |
Assets acquired: | |
Cash and cash equivalents | $ 109 |
Accounts receivable | 110 |
Prepaid expenses and other current assets | 135 |
Inventory | 844 |
Right of use asset | 312 |
Property, plant, and equipment | 30 |
Other assets | 113 |
Goodwill | 482 |
Total assets acquired | 3,007 |
Liabilities assumed: | |
Accounts payable | 2 |
Accrued liabilities | 413 |
Lease liabilities – current | 54 |
Lease liabilities – noncurrent | 231 |
Payable to new parent | 391 |
Deferred revenue | 784 |
Total liabilities assumed | 1,875 |
Estimated fair value of net assets acquired: | 1,132 |
Tradename & trademarks [Member] | |
Assets acquired: | |
Intangible assets | 168 |
Proprietary technology [Member] | |
Assets acquired: | |
Intangible assets | 507 |
Customer relationships [Member] | |
Assets acquired: | |
Intangible assets | $ 197 |
IntraNav Acquisition (Details_4
IntraNav Acquisition (Details) - Schedule of Acquisition Related Costs Acquisition $ in Thousands | 12 Months Ended |
Dec. 31, 2022 USD ($) | |
Schedule Of Acquisition Related Costs Acquisition Abstract | |
Accounting fees | $ 10 |
Legal fees | 199 |
Total acquisition costs | $ 209 |
Proforma Financial Informatio_2
Proforma Financial Information (Details) - Schedule of Business Acquisition, Pro Forma Information - Nanotron and CXApp [Member] $ / shares in Units, $ in Thousands | 12 Months Ended |
Dec. 31, 2021 USD ($) $ / shares shares | |
Proforma Financial Information (Details) - Schedule of Business Acquisition, Pro Forma Information [Line Items] | |
Revenues | $ 17,845 |
Net loss attributable to common stockholders | $ (77,927) |
Net loss per basic and diluted common share (in Dollars per share) | $ / shares | $ (50.3) |
Basic and Diluted (in Shares) | shares | 1,549,160 |
Inventory (Details) - Schedule
Inventory (Details) - Schedule of Inventory - USD ($) $ in Thousands | Jun. 30, 2023 | Dec. 31, 2022 | Dec. 31, 2021 |
Schedule Of Inventory Abstract | |||
Raw materials | $ 439 | $ 351 | $ 163 |
Work-in-process | 127 | 127 | 539 |
Finished goods | 2,662 | 1,964 | 1,274 |
Inventory | $ 3,228 | 2,442 | 1,976 |
Less discontinued operations | (11) | ||
Inventory, Continuing Operations | $ 2,442 | $ 1,965 |
Property and Equipment, Net (De
Property and Equipment, Net (Details) - USD ($) $ in Millions | 12 Months Ended | |
Dec. 31, 2022 | Dec. 31, 2021 | |
Property and Equipment, Net [Abstract] | ||
Depreciation and amortization expense | $ 0.4 | $ 0.4 |
Discontinued operations | $ 0.1 | $ 0.1 |
Property and Equipment, Net (_2
Property and Equipment, Net (Details) - Schedule of Property, Plant and Equipment - USD ($) $ in Thousands | Dec. 31, 2022 | Dec. 31, 2021 |
Property, Plant and Equipment [Line Items] | ||
Total | $ 3,463 | $ 3,326 |
Less: accumulated depreciation and amortization | (2,197) | (1,884) |
Total Property and Equipment, Net | 1,266 | 1,442 |
Less Discontinued Operations | (202) | (231) |
Total Property and Equipment, Continuing Operations | 1,064 | 1,211 |
Computer and office equipment [Member] | ||
Property, Plant and Equipment [Line Items] | ||
Total | 2,119 | 1,961 |
Furniture and fixtures [Member] | ||
Property, Plant and Equipment [Line Items] | ||
Total | 448 | 447 |
Leasehold improvements [Member] | ||
Property, Plant and Equipment [Line Items] | ||
Total | 47 | 50 |
Software [Member] | ||
Property, Plant and Equipment [Line Items] | ||
Total | $ 849 | $ 868 |
Investments in Equity Securit_3
Investments in Equity Securities (Details) - USD ($) | 3 Months Ended | 6 Months Ended | 12 Months Ended | ||||||||||||||||
Jun. 20, 2023 | Oct. 17, 2022 | Sep. 15, 2022 | Apr. 27, 2022 | Apr. 14, 2021 | Feb. 11, 2021 | Jun. 30, 2023 | Mar. 31, 2023 | Sep. 30, 2022 | Jun. 30, 2022 | Mar. 31, 2022 | Sep. 30, 2021 | Mar. 31, 2021 | Jun. 30, 2023 | Jun. 30, 2022 | Dec. 31, 2022 | Dec. 31, 2021 | Jun. 30, 2021 | Dec. 31, 2018 | |
Debt and Equity Securities, FV-NI [Line Items] | |||||||||||||||||||
Fair value | $ 1,414,000 | $ 1,414,000 | $ 330,000 | ||||||||||||||||
Maturity date additional period | 3 years | ||||||||||||||||||
Voluntarily convert period | 270 years | ||||||||||||||||||
Converted shares (in Shares) | 83,682 | 1,547,234 | 111,585 | 35,062 | 57,472 | 11,696 | 11,919 | ||||||||||||
Common stock, par value (in Dollars per share) | $ 4.78 | $ 0.001 | $ 0.001 | $ 0.001 | $ 0.001 | $ 0.001 | |||||||||||||
Unrealized gain on conversion amount | $ 791,000 | ||||||||||||||||||
Unrealized gain (loss) on equity securities | $ 90,000 | $ 200,000 | $ 60,000 | $ 1,300,000 | $ 7,900,000 | $ 57,100,000 | |||||||||||||
Equity shares (in Shares) | 40,000 | ||||||||||||||||||
Common Stock [Member] | |||||||||||||||||||
Debt and Equity Securities, FV-NI [Line Items] | |||||||||||||||||||
Converted shares (in Shares) | 7,349,420 | 1,547,234 | 57,472 | 287,802 | 23,615 | ||||||||||||||
Sysorex [Member] | |||||||||||||||||||
Debt and Equity Securities, FV-NI [Line Items] | |||||||||||||||||||
Finance receivable, gross | $ 9,100,000 | ||||||||||||||||||
Sysorex [Member] | Common Stock [Member] | |||||||||||||||||||
Debt and Equity Securities, FV-NI [Line Items] | |||||||||||||||||||
Equity shares (in Shares) | 13,000,000 | 13,000,000 | |||||||||||||||||
Rights to acquire shares (in Shares) | 3,000,000 | 3,000,000 | 3,000,000 | ||||||||||||||||
FOXO Technologies Inc. [Member] | Common Stock [Member] | |||||||||||||||||||
Debt and Equity Securities, FV-NI [Line Items] | |||||||||||||||||||
Equity shares (in Shares) | 4,500,000 | 800,000 | |||||||||||||||||
FOXO Technologies Inc. [Member] | Convertible Notes Payable [Member] | |||||||||||||||||||
Debt and Equity Securities, FV-NI [Line Items] | |||||||||||||||||||
Convertible note percentage | 10% | ||||||||||||||||||
Aggregate principal amount | $ 6,050,000 | ||||||||||||||||||
Purchase price | $ 5,500,000 | ||||||||||||||||||
Accrued interest | 10% | 12% | |||||||||||||||||
Voluntarily convert period | 270 days | ||||||||||||||||||
Unrealized gain (loss) on equity securities | $ 57,100,000 | ||||||||||||||||||
Sysorex Settlement Agreement [Member] | Sysorex [Member] | |||||||||||||||||||
Debt and Equity Securities, FV-NI [Line Items] | |||||||||||||||||||
Stock received during period for debt settlement (in Shares) | 12,972,189 | ||||||||||||||||||
Fair value | 10,000 | $ 1,800,000 | |||||||||||||||||
Rights Letter Agreement [Member] | Sysorex [Member] | |||||||||||||||||||
Debt and Equity Securities, FV-NI [Line Items] | |||||||||||||||||||
Stock received during period for debt settlement (in Shares) | 3,000,000 | ||||||||||||||||||
Fair Value, Inputs, Level 1 [Member] | FOXO Technologies Inc. [Member] | |||||||||||||||||||
Debt and Equity Securities, FV-NI [Line Items] | |||||||||||||||||||
Fair value | 320,000 | $ 0 | |||||||||||||||||
Unrealized gain (loss) on equity securities | $ (100,000) | $ 0 | $ 60,000 | 6,100,000 | |||||||||||||||
Common Class A [Member] | FOXO Technologies Inc. [Member] | |||||||||||||||||||
Debt and Equity Securities, FV-NI [Line Items] | |||||||||||||||||||
Converted shares (in Shares) | 0.67 | 891,124 | |||||||||||||||||
Common stock, par value (in Dollars per share) | $ 1 | $ 0.0001 | |||||||||||||||||
Unrealized gain on conversion amount | $ 1,100,000 | 800,000 | |||||||||||||||||
Shares received (in Shares) | 3,685,000 | ||||||||||||||||||
Purchase Agreement [Member] | Sysorex [Member] | |||||||||||||||||||
Debt and Equity Securities, FV-NI [Line Items] | |||||||||||||||||||
Aggregate maximum principal amount of note receivable | $ 10,000,000 | $ 3,000,000 |
Investments in Equity Securit_4
Investments in Equity Securities (Details) - Schedule of Equity Securities - USD ($) $ in Thousands | Jun. 30, 2023 | Dec. 31, 2022 |
Investments in equity securities – fair value | ||
Cost | $ 66,443 | $ 65,301 |
Fair Value | 1,414 | 330 |
Equity Securities [Member] | ||
Investments in equity securities – fair value | ||
Cost | 55,379 | 54,237 |
Fair Value | 1,412 | 328 |
Rights [Member] | ||
Investments in equity securities – fair value | ||
Cost | 11,064 | 11,064 |
Fair Value | $ 2 | $ 2 |
Software Development Costs, n_3
Software Development Costs, net (Details) - USD ($) | 12 Months Ended | |
Dec. 31, 2022 | Dec. 31, 2021 | |
Software Development Costs Net [Abstract] | ||
Impairment | $ 0 | $ 0 |
Software development | 15 years | 2 years 4 months 24 days |
Software development cost | $ 1,000,000 | $ 900,000 |
Capitalized software development discontinued operations | $ 600,000 | $ 400,000 |
Software Development Costs, n_4
Software Development Costs, net (Details) - Schedule of Capitalized Software Development Costs - USD ($) $ in Thousands | 12 Months Ended | |
Dec. 31, 2022 | Dec. 31, 2021 | |
Schedule Of Capitalized Software Development Costs Abstract | ||
Capitalized software development costs | $ 5,324 | $ 4,463 |
Accumulated amortization | (3,572) | (2,671) |
Software development costs, net | 1,752 | 1,792 |
Less discontinued operations | (487) | (648) |
Software development costs, continuing operations | $ 1,265 | $ 1,144 |
Software Development Costs, n_5
Software Development Costs, net (Details) - Schedule of Future Amortization Expense on the Computer Software $ in Thousands | Dec. 31, 2022 USD ($) |
Software Development Costs, net (Details) - Schedule of Future Amortization Expense on the Computer Software [Line Items] | |
2023 | $ 729 |
2024 | 586 |
2025 | 264 |
2026 | 173 |
2027 and thereafter | |
Total | 1,752 |
Continuing Operations [Member] | |
Software Development Costs, net (Details) - Schedule of Future Amortization Expense on the Computer Software [Line Items] | |
2023 | 466 |
2024 | 437 |
2025 | 189 |
2026 | 173 |
2027 and thereafter | |
Total | 1,265 |
Discontinued Operations [Member] | |
Software Development Costs, net (Details) - Schedule of Future Amortization Expense on the Computer Software [Line Items] | |
2023 | 263 |
2024 | 149 |
2025 | 75 |
2026 | |
2027 and thereafter | |
Total | $ 487 |
Goodwill and Intangible Asset_2
Goodwill and Intangible Assets (Details) $ in Thousands | 3 Months Ended | 6 Months Ended | 12 Months Ended | |||
Jun. 30, 2023 USD ($) | Jun. 30, 2022 USD ($) | Jun. 30, 2023 USD ($) | Jun. 30, 2022 USD ($) | Dec. 31, 2022 USD ($) | Dec. 31, 2021 USD ($) | |
Goodwill and Intangible Assets (Details) [Line Items] | ||||||
Goodwill impairment cost | $ 7,570 | $ 12,199 | $ 14,789 | |||
Goodwill and Intangible Assets | 13,500 | 31,000 | 23,400 | |||
Impairment of goodwill | 7,571 | 14,789 | ||||
Goodwill | ||||||
Impaired Intangible Asset, Facts and Circumstances Leading to Impairment | intangible | |||||
Impairment Long Lived Asset Held For Use Statement Of Income Or Comprehensive Income Extensible Enumeration Not Disclosed Flag | other long-lived assets for impairment on an asset group basis on December 31 of each year and whenever events or changes in circumstances indicate the carrying value of intangibles and other long-lived assets | |||||
Amortization expense | $ 6,100 | 5,100 | ||||
Discontinued operations | 3,900 | 3,000 | ||||
Amortization of intangibles | 230 | $ 396 | 450 | 743 | ||
Indoor Intelligence [Member] | ||||||
Goodwill and Intangible Assets (Details) [Line Items] | ||||||
Impairment of goodwill | 29,100 | 22,200 | ||||
Impairment loss of long-lived assets | 3,100 | |||||
Shoom [Member] | ||||||
Goodwill and Intangible Assets (Details) [Line Items] | ||||||
Impairment of goodwill | 1,200 | 1,200 | ||||
Goodwill | ||||||
Saves [Member] | ||||||
Goodwill and Intangible Assets (Details) [Line Items] | ||||||
Impairment of goodwill | 700 | |||||
Impairment loss of long-lived assets | 1,500 | |||||
Continuing Operations [Member] | ||||||
Goodwill and Intangible Assets (Details) [Line Items] | ||||||
Amortization of intangibles | $ 200 | $ 400 | 400 | $ 1,100 | ||
Other Intangible Assets [Member] | ||||||
Goodwill and Intangible Assets (Details) [Line Items] | ||||||
Goodwill impairment cost | $ 7,600 | |||||
Valuation, Income Approach [Member] | ||||||
Goodwill and Intangible Assets (Details) [Line Items] | ||||||
Reporting unit, measurement input | 50 | |||||
Valuation, Market Approach [Member] | ||||||
Goodwill and Intangible Assets (Details) [Line Items] | ||||||
Reporting unit, measurement input | 50 | |||||
Indoor Intelligence [Member] | ||||||
Goodwill and Intangible Assets (Details) [Line Items] | ||||||
Impairment of goodwill | 11,600 | |||||
Shoom [Member] | ||||||
Goodwill and Intangible Assets (Details) [Line Items] | ||||||
Impairment of goodwill | 1,200 | |||||
Saves [Member] | ||||||
Goodwill and Intangible Assets (Details) [Line Items] | ||||||
Impairment of goodwill | $ 700 |
Goodwill and Intangible Asset_3
Goodwill and Intangible Assets (Details) - Schedule of Goodwill - USD ($) $ in Thousands | 12 Months Ended | |
Dec. 31, 2022 | Dec. 31, 2021 | |
Goodwill [Line Items] | ||
Beginning Balance | $ 7,673 | $ 6,588 |
Goodwill additions through acquisitions | 18,400 | |
Goodwill impairment | (7,571) | (14,789) |
Valuation measurement period adjustments | (2,233) | |
Exchange rate fluctuation | (102) | (293) |
Ending Balance | 7,673 | |
Less discontinued operations | (5,546) | |
Saves | ||
Goodwill [Line Items] | ||
Goodwill impairment | (700) | |
Indoor Intelligence | ||
Goodwill [Line Items] | ||
Goodwill impairment | (29,100) | (22,200) |
Less discontinued operations | Impairment | ||
Goodwill [Line Items] | ||
Goodwill impairment | 5,540 | 11,896 |
Continuing operations | ||
Goodwill [Line Items] | ||
Beginning Balance | 2,127 | |
Ending Balance | 2,127 | |
Continuing operations | Impairment | ||
Goodwill [Line Items] | ||
Goodwill impairment | (2,031) | (2,893) |
Systat | Saves | ||
Goodwill [Line Items] | ||
Beginning Balance | 695 | 520 |
Goodwill additions through acquisitions | 200 | |
Goodwill impairment | (695) | |
Valuation measurement period adjustments | (25) | |
Exchange rate fluctuation | ||
Ending Balance | 695 | |
Less discontinued operations | ||
Systat | Continuing operations | Saves | ||
Goodwill [Line Items] | ||
Beginning Balance | 695 | |
Ending Balance | 695 | |
GTX | Indoor Intelligence | ||
Goodwill [Line Items] | ||
Beginning Balance | 1 | 2 |
Goodwill additions through acquisitions | ||
Goodwill impairment | (1) | (1) |
Valuation measurement period adjustments | ||
Exchange rate fluctuation | ||
Ending Balance | 1 | |
Less discontinued operations | ||
GTX | Continuing operations | Indoor Intelligence | ||
Goodwill [Line Items] | ||
Beginning Balance | 1 | |
Ending Balance | 1 | |
Nanotron | Indoor Intelligence | ||
Goodwill [Line Items] | ||
Beginning Balance | 1,119 | 3,931 |
Goodwill additions through acquisitions | ||
Goodwill impairment | (1,035) | (2,263) |
Valuation measurement period adjustments | (255) | |
Exchange rate fluctuation | (84) | (294) |
Ending Balance | 1,119 | |
Less discontinued operations | ||
Nanotron | Continuing operations | Indoor Intelligence | ||
Goodwill [Line Items] | ||
Beginning Balance | 1,119 | |
Ending Balance | 1,119 | |
Locality | Indoor Intelligence | ||
Goodwill [Line Items] | ||
Beginning Balance | 672 | |
Goodwill additions through acquisitions | ||
Goodwill impairment | (689) | |
Valuation measurement period adjustments | ||
Exchange rate fluctuation | 17 | |
Ending Balance | ||
Less discontinued operations | ||
Locality | Continuing operations | Indoor Intelligence | ||
Goodwill [Line Items] | ||
Beginning Balance | ||
Ending Balance | ||
Jibestream | Indoor Intelligence | ||
Goodwill [Line Items] | ||
Beginning Balance | 480 | 1,463 |
Goodwill additions through acquisitions | ||
Goodwill impairment | (474) | (967) |
Valuation measurement period adjustments | ||
Exchange rate fluctuation | (6) | (16) |
Ending Balance | 480 | |
Less discontinued operations | (480) | |
Jibestream | Continuing operations | Indoor Intelligence | ||
Goodwill [Line Items] | ||
Beginning Balance | ||
Ending Balance | ||
CXApp | Indoor Intelligence | ||
Goodwill [Line Items] | ||
Beginning Balance | 5,066 | |
Goodwill additions through acquisitions | 17,432 | |
Goodwill impairment | (5,066) | (10,239) |
Valuation measurement period adjustments | (2,127) | |
Exchange rate fluctuation | ||
Ending Balance | 5,066 | |
Less discontinued operations | (5,066) | |
CXApp | Continuing operations | Indoor Intelligence | ||
Goodwill [Line Items] | ||
Beginning Balance | ||
Ending Balance | ||
Game Your Game | Indoor Intelligence | ||
Goodwill [Line Items] | ||
Beginning Balance | 153 | |
Goodwill additions through acquisitions | 286 | |
Goodwill impairment | (153) | (307) |
Valuation measurement period adjustments | 174 | |
Exchange rate fluctuation | ||
Ending Balance | 153 | |
Less discontinued operations | ||
Game Your Game | Continuing operations | Indoor Intelligence | ||
Goodwill [Line Items] | ||
Beginning Balance | 153 | |
Ending Balance | 153 | |
IntraNav | Indoor Intelligence | ||
Goodwill [Line Items] | ||
Beginning Balance | 159 | |
Goodwill additions through acquisitions | 482 | |
Goodwill impairment | (147) | (323) |
Valuation measurement period adjustments | ||
Exchange rate fluctuation | (12) | |
Ending Balance | 159 | |
Less discontinued operations | ||
IntraNav | Continuing operations | Indoor Intelligence | ||
Goodwill [Line Items] | ||
Beginning Balance | 159 | |
Ending Balance | $ 159 |
Goodwill and Intangible Asset_4
Goodwill and Intangible Assets (Details) - Schedule of Intangible Assets - Finite-Lived Intangible Assets [Member] - USD ($) $ in Thousands | 12 Months Ended | |
Dec. 31, 2022 | Dec. 31, 2021 | |
Finite-Lived Intangible Assets [Line Items] | ||
Gross Amount | $ 39,324 | $ 40,433 |
Accumulated Amortization | (12,412) | (6,955) |
Impairment | (4,629) | |
Net Carrying Amount | 22,283 | 33,478 |
IP Agreement [Member] | ||
Finite-Lived Intangible Assets [Line Items] | ||
Gross Amount | 162 | 172 |
Accumulated Amortization | (91) | (54) |
Impairment | ||
Net Carrying Amount | 71 | $ 118 |
Remaining Weighted Average Useful Life | 1 year 9 months | |
Trade Name/Trademarks [Member] | ||
Finite-Lived Intangible Assets [Line Items] | ||
Gross Amount | 3,590 | $ 3,602 |
Accumulated Amortization | (1,414) | (662) |
Impairment | (593) | |
Net Carrying Amount | 1,583 | $ 2,940 |
Remaining Weighted Average Useful Life | 4 years | |
Webstores And Websites [Member] | ||
Finite-Lived Intangible Assets [Line Items] | ||
Gross Amount | 404 | $ 404 |
Accumulated Amortization | (258) | (123) |
Impairment | (146) | |
Net Carrying Amount | $ 281 | |
Remaining Weighted Average Useful Life | 0 years | |
Customer Relationships [Member] | ||
Finite-Lived Intangible Assets [Line Items] | ||
Gross Amount | 9,121 | $ 9,294 |
Accumulated Amortization | (2,776) | (1,440) |
Impairment | (749) | |
Net Carrying Amount | 5,596 | $ 7,854 |
Remaining Weighted Average Useful Life | 2 years 10 months 9 days | |
Developed Technology [Member] | ||
Finite-Lived Intangible Assets [Line Items] | ||
Gross Amount | 21,777 | $ 22,175 |
Accumulated Amortization | (5,385) | (3,010) |
Impairment | (2,921) | |
Net Carrying Amount | 13,471 | $ 19,165 |
Remaining Weighted Average Useful Life | 5 years 2 months 19 days | |
Non-compete Agreements [Member] | ||
Finite-Lived Intangible Assets [Line Items] | ||
Gross Amount | 4,270 | $ 4,786 |
Accumulated Amortization | (2,488) | (1,666) |
Impairment | (220) | |
Net Carrying Amount | 1,562 | $ 3,120 |
Remaining Weighted Average Useful Life | 8 months 26 days | |
Less discontinued operations [Member] | ||
Finite-Lived Intangible Assets [Line Items] | ||
Gross Amount | (26,911) | $ (27,789) |
Accumulated Amortization | 7,621 | 4,321 |
Impairment | 1 | |
Net Carrying Amount | (19,289) | (23,468) |
Intangible assets, continuing operations [Member] | ||
Finite-Lived Intangible Assets [Line Items] | ||
Gross Amount | 12,413 | 12,644 |
Accumulated Amortization | (4,791) | (2,634) |
Impairment | (4,628) | |
Net Carrying Amount | $ 2,994 | $ 10,010 |
Goodwill and Intangible Asset_5
Goodwill and Intangible Assets (Details) - Schedule of Intangible Assets Future Amortization $ in Thousands | Jun. 30, 2023 USD ($) | Dec. 31, 2022 USD ($) | Dec. 31, 2022 EUR (€) |
Goodwill and Intangible Assets (Details) - Schedule of Intangible Assets Future Amortization [Line Items] | |||
2023 | $ 686 | $ 4,663 | |
2024 | 604 | 3,841 | |
2025 | 412 | 3,430 | |
2026 | $ 325 | 2,841 | |
2027 | 2,494 | ||
2028 and thereafter | 5,014 | ||
Total | 22,283 | € 1,132,490 | |
Continuing Operations [Member] | |||
Goodwill and Intangible Assets (Details) - Schedule of Intangible Assets Future Amortization [Line Items] | |||
2023 | 837 | ||
2024 | 679 | ||
2025 | 598 | ||
2026 | 408 | ||
2027 | 322 | ||
2028 and thereafter | 150 | ||
Total | 2,994 | ||
Discontinued Operations [Member] | |||
Goodwill and Intangible Assets (Details) - Schedule of Intangible Assets Future Amortization [Line Items] | |||
2023 | 3,826 | ||
2024 | 3,162 | ||
2025 | 2,832 | ||
2026 | 2,433 | ||
2027 | 2,172 | ||
2028 and thereafter | 4,864 | ||
Total | $ 19,289 |
Other Long Term Investments (De
Other Long Term Investments (Details) - USD ($) | 1 Months Ended | 6 Months Ended | 12 Months Ended | ||||||||||
Mar. 15, 2023 | Feb. 27, 2023 | Dec. 31, 2022 | Jul. 01, 2022 | Feb. 11, 2021 | Dec. 16, 2020 | Oct. 12, 2020 | Dec. 31, 2020 | Oct. 31, 2020 | Jun. 30, 2023 | Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Other Long Term Investments (Details) [Line Items] | |||||||||||||
Purchase price | $ 1,800,000 | ||||||||||||
Number of units issued (in Shares) | 40,000 | ||||||||||||
Unrealized loss on equity method investment | $ 1,800,000 | $ 1,784,000 | |||||||||||
Long term asset | 700,000 | $ 100,000 | 700,000 | 2,500,000 | |||||||||
Company loaned amount | $ 86,000 | 785,000 | 86,000 | 215,000 | |||||||||
Compensation expense | $ 3,700,000 | $ 10,900,000 | |||||||||||
Cardinal Ventures Holdings [Member] | |||||||||||||
Other Long Term Investments (Details) [Line Items] | |||||||||||||
Purchase price | $ 1,800,000 | $ 1,800,000 | $ 1,800,000 | ||||||||||
Cardinal Ventures Holdings [Member] | Common Class A [Member] | |||||||||||||
Other Long Term Investments (Details) [Line Items] | |||||||||||||
Number of units issued (in Shares) | 599,999 | 700,000 | 599,999 | 599,999 | |||||||||
Compensation expense | $ 700,000 | ||||||||||||
Cardinal Ventures Holdings [Member] | Common Class B [Member] | |||||||||||||
Other Long Term Investments (Details) [Line Items] | |||||||||||||
Number of units issued (in Shares) | 700,000 | 2,500,000 | 1,800,000 | ||||||||||
Capital contribution | $ 700,000 | $ 700,000 | |||||||||||
Subsequent Event [Member] | Cardinal Ventures Holdings [Member] | Common Class A [Member] | |||||||||||||
Other Long Term Investments (Details) [Line Items] | |||||||||||||
Number of units issued (in Shares) | 599,999 | ||||||||||||
Related Party [Member] | Cardinal Ventures Holdings [Member] | |||||||||||||
Other Long Term Investments (Details) [Line Items] | |||||||||||||
Company loaned amount | $ 150,000 | ||||||||||||
Repayments of loan | $ 150,000 | ||||||||||||
Company Loan [Member] | Affiliated Entity [Member] | Cardinal Ventures Holdings [Member] | |||||||||||||
Other Long Term Investments (Details) [Line Items] | |||||||||||||
Related party transaction amount | $ 150,000 |
Other Long Term Investments (_2
Other Long Term Investments (Details) - Schedule of Ownership Interests - Cardinal Ventures Holdings [Member] | Jun. 30, 2023 | Dec. 31, 2022 |
Common Class A [Member] | ||
Schedule of Equity Method Investments [Line Items] | ||
Ownership interest | 14.10% | |
Common Class B [Member] | ||
Schedule of Equity Method Investments [Line Items] | ||
Ownership interest | 38.40% | 38.40% |
Deferred Revenue (Details) - Sc
Deferred Revenue (Details) - Schedule of Deferred Revenue - USD ($) $ in Thousands | Jun. 30, 2023 | Dec. 31, 2022 | Dec. 31, 2021 |
Deferred Revenue | |||
Total Deferred Revenue | $ 900 | $ 3,485 | $ 4,805 |
Less discontinued operations | (2,162) | (3,145) | |
Deferred Revenue, Continued Operations | 1,323 | 1,660 | |
Maintenance Agreements [Member] | |||
Deferred Revenue | |||
Total Deferred Revenue | 3,235 | 4,183 | |
Service Agreements 1 [Member] | |||
Deferred Revenue | |||
Total Deferred Revenue | $ 250 | $ 622 |
Accrued Liabilities (Details) -
Accrued Liabilities (Details) - Schedule of Accrued Liabilities - Previously Reported [Member] - USD ($) $ in Thousands | Dec. 31, 2022 | Dec. 31, 2021 |
Accrued Liabilities (Details) - Schedule of Accrued Liabilities [Line Items] | ||
Accrued compensation and benefits | $ 1,242 | $ 8,027 |
Accrued interest expense | 1,197 | 1,012 |
Accrued bonus and commissions | 848 | 597 |
Accrued other | 746 | 707 |
Accrued sales and other indirect taxes payable | 322 | 322 |
Accrued liabilities | 4,355 | 10,665 |
Less discontinued operations | (1,736) | (7,882) |
Accrued liabilities, continuing operations | $ 2,619 | $ 2,783 |
Debt (Details)
Debt (Details) | 1 Months Ended | 3 Months Ended | 6 Months Ended | 12 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||
May 16, 2023 USD ($) | Dec. 30, 2022 USD ($) | Dec. 01, 2022 | Oct. 17, 2022 USD ($) $ / shares shares | Sep. 09, 2022 USD ($) $ / shares shares | Aug. 04, 2022 USD ($) $ / shares shares | Jul. 22, 2022 USD ($) | Jul. 11, 2022 USD ($) $ / shares shares | Jul. 01, 2022 USD ($) $ / shares shares | May 31, 2022 USD ($) $ / shares shares | May 17, 2022 USD ($) $ / shares shares | Mar. 16, 2022 USD ($) | Mar. 15, 2022 USD ($) $ / shares shares | Feb. 18, 2022 USD ($) $ / shares shares | Feb. 01, 2022 USD ($) $ / shares shares | Jul. 01, 2021 USD ($) $ / shares shares | Feb. 11, 2021 USD ($) $ / shares shares | Sep. 17, 2020 | Mar. 18, 2020 USD ($) | Dec. 31, 2022 USD ($) $ / shares | Jun. 30, 2023 USD ($) $ / shares shares | Mar. 31, 2023 USD ($) $ / shares shares | Sep. 30, 2022 shares | Jun. 30, 2022 USD ($) shares | Mar. 31, 2022 shares | Sep. 30, 2021 shares | Mar. 31, 2021 shares | Jun. 30, 2023 USD ($) $ / shares | Jun. 30, 2022 USD ($) | Dec. 31, 2022 USD ($) $ / shares | Dec. 31, 2021 USD ($) $ / shares | Mar. 30, 2023 USD ($) | Jan. 31, 2023 | Jan. 22, 2023 | Jan. 18, 2023 USD ($) | Dec. 22, 2022 USD ($) | Nov. 29, 2022 USD ($) | Oct. 26, 2022 USD ($) | Sep. 21, 2022 USD ($) | Sep. 16, 2022 USD ($) | Aug. 26, 2022 USD ($) | Aug. 17, 2022 USD ($) | Mar. 22, 2022 USD ($) | Jan. 18, 2022 USD ($) | Oct. 29, 2021 USD ($) | Jun. 30, 2021 $ / shares | Mar. 18, 2021 | Mar. 17, 2021 | Mar. 31, 2020 | Mar. 30, 2020 USD ($) | Mar. 16, 2020 | Feb. 18, 2020 | |
Debt (Details) [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Interest expense | $ 1,700,000 | $ 100,000 | $ 3,500,000 | $ 200,000 | $ 1,100,000 | $ 700,000 | ||||||||||||||||||||||||||||||||||||||||||||||
Amortization of debt discount | $ 1,686,000 | $ (92,000) | $ 489,000 | $ 224,000 | ||||||||||||||||||||||||||||||||||||||||||||||||
Note principal and interest exchanged for common shares | $ 6,500,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
Amount of original issue discount | 1,500,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
Debt discount | $ 20,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
Common shares issued for extinguishment of debt (in shares) (in Shares) | shares | 83,682 | 1,547,234 | 111,585 | 35,062 | 57,472 | 11,696 | 11,919 | |||||||||||||||||||||||||||||||||||||||||||||
Common stock, par value (in usd per share) (in Dollars per share) | $ / shares | $ 4.78 | $ 0.001 | $ 0.001 | $ 0.001 | $ 0.001 | $ 0.001 | $ 0.001 | |||||||||||||||||||||||||||||||||||||||||||||
Debt instrument interest rate | 2% | |||||||||||||||||||||||||||||||||||||||||||||||||||
Debt extension fee | $ 60,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
Debt Instrument, Accrued Monitoring Fee | $ 300,000 | $ 300,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||
Debt instrument, redemption term | 6 months | 6 years | ||||||||||||||||||||||||||||||||||||||||||||||||||
Long term debt | $ 778,000 | $ 778,000 | $ 1,108,000 | |||||||||||||||||||||||||||||||||||||||||||||||||
Monitoring fee percentage | 5% | |||||||||||||||||||||||||||||||||||||||||||||||||||
March 2020 Note Purchase Agreement and Promissory Note [Member] | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Debt (Details) [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Payment to be made in proportion to outstanding balance, percentage | 1.15 | |||||||||||||||||||||||||||||||||||||||||||||||||||
Default interest rate | 22% | |||||||||||||||||||||||||||||||||||||||||||||||||||
Exchange Agreement [Member] | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Debt (Details) [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Aggregate principal amount of note | $ 1,000,000 | $ 1,500,000 | $ 1,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||
Notes reduction | $ 1,500,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
Common shares issued for extinguishment of debt (in shares) (in Shares) | shares | 11,696 | |||||||||||||||||||||||||||||||||||||||||||||||||||
Common stock, par value (in usd per share) (in Dollars per share) | $ / shares | $ 85.5 | |||||||||||||||||||||||||||||||||||||||||||||||||||
Loss on extinguishment of debt | $ 0 | $ 0 | $ 0 | $ 0 | $ 0 | $ 0 | $ 0 | $ 0 | $ 0 | $ 0 | $ 0 | $ 30,000 | ||||||||||||||||||||||||||||||||||||||||
March 2020 Note Purchase Agreement and Promissory Note [Member] | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Debt (Details) [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Debt instrument, term | 6 months | 12 months | ||||||||||||||||||||||||||||||||||||||||||||||||||
Debt instrument, interest rate, stated percentage | 10% | 10% | 10% | 10% | 10% | 10% | 10% | 10% | 10% | 10% | 10% | 10% | 10% | 10% | 10% | 10% | 10% | 10% | 10% | 10% | 10% | |||||||||||||||||||||||||||||||
Aggregate purchase price | $ 5,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
Monthly redemption, period due after notice is received | 5 years | |||||||||||||||||||||||||||||||||||||||||||||||||||
March 2020 Note Purchase Agreement and Promissory Note [Member] | Maximum [Member] | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Debt (Details) [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Debt instrument, interest rate, stated percentage | 10% | |||||||||||||||||||||||||||||||||||||||||||||||||||
July 2022 Note Purchase Agreement And Promissory Note [Member] | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Debt (Details) [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Debt instrument, interest rate, stated percentage | 10% | 5% | 5% | |||||||||||||||||||||||||||||||||||||||||||||||||
Payment to be made in proportion to outstanding balance, percentage | 1.15 | |||||||||||||||||||||||||||||||||||||||||||||||||||
Default interest rate | 22% | |||||||||||||||||||||||||||||||||||||||||||||||||||
Monitoring fee percentage | 10% | 10% | ||||||||||||||||||||||||||||||||||||||||||||||||||
July 2022 Note Purchase Agreement And Promissory Note [Member] | Minimum [Member] | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Debt (Details) [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Debt instrument, interest rate, stated percentage | 5% | |||||||||||||||||||||||||||||||||||||||||||||||||||
July 2022 Note Purchase Agreement And Promissory Note [Member] | Streeterville Capital, LLC [Member] | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Debt (Details) [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Debt extension fee | $ 100,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
Exchange Agreement [Member] | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Debt (Details) [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Aggregate principal amount of note | $ 400,000 | $ 200,000 | $ 300,000 | $ 400,000 | $ 400,000 | $ 300,000 | $ 300,000 | $ 700,000 | 400,000 | $ 500,000 | $ 700,000 | |||||||||||||||||||||||||||||||||||||||||
Notes reduction | $ 400,000 | $ 200,000 | $ 300,000 | $ 400,000 | $ 400,000 | $ 300,000 | $ 300,000 | $ 400,000 | $ 500,000 | |||||||||||||||||||||||||||||||||||||||||||
Common shares issued for extinguishment of debt (in shares) (in Shares) | shares | 19,871 | 25,691 | 33,949 | 32,074 | 19,806 | 15,256 | 28,698 | 12,885 | 15,889 | 11,919 | ||||||||||||||||||||||||||||||||||||||||||
Common stock, par value (in usd per share) (in Dollars per share) | $ / shares | $ 10.07 | $ 11.68 | $ 11.78 | $ 10.91 | $ 12.75 | $ 16.5 | $ 22.65 | $ 27.17 | $ 31.47 | $ 125.85 | ||||||||||||||||||||||||||||||||||||||||||
Exchange Agreement [Member] | Streeterville Capital, LLC [Member] | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Debt (Details) [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Aggregate principal amount of note | $ 2,000,000 | $ 500,000 | $ 2,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||
Notes reduction | $ 2,000,000 | $ 500,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||
Common shares issued for extinguishment of debt (in shares) (in Shares) | shares | 7,349,420 | 935,976 | ||||||||||||||||||||||||||||||||||||||||||||||||||
Exchange Agreement [Member] | Streeterville Capital, LLC [Member] | Maximum [Member] | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Debt (Details) [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Common stock, par value (in usd per share) (in Dollars per share) | $ / shares | $ 0.3966 | $ 0.915 | $ 0.3966 | |||||||||||||||||||||||||||||||||||||||||||||||||
Exchange Agreement [Member] | Streeterville Capital, LLC [Member] | Minimum [Member] | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Debt (Details) [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Common stock, par value (in usd per share) (in Dollars per share) | $ / shares | $ 0.195 | $ 0.37 | $ 0.195 | |||||||||||||||||||||||||||||||||||||||||||||||||
Initial Principal Amount [Member] | Streeterville Capital, LLC [Member] | Unsecured Debt [Member] | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Debt (Details) [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Debt instrument, term | 12 months | |||||||||||||||||||||||||||||||||||||||||||||||||||
Debt instrument, interest rate, stated percentage | 10% | 10% | 10% | |||||||||||||||||||||||||||||||||||||||||||||||||
Debt, initial aggregate principal amount | $ 8,400,000 | $ 6,500,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||
Debt instrument, discount | 1,900,000 | 1,500,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||
Debt instrument, fee amount | 20,000 | 20,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||
Payment for note purchase agreement | $ 6,500,000 | $ 5,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||
Debt instrument, redemption term | 6 years | 6 years | ||||||||||||||||||||||||||||||||||||||||||||||||||
July 2022 Note Purchase Agreement and Promissory Note [Member] | Streeterville Capital, LLC [Member] | Unsecured Debt [Member] | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Debt (Details) [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Debt instrument, term | 12 months | |||||||||||||||||||||||||||||||||||||||||||||||||||
December 2022 Note Purchase Agreement And Promissory Note [Member] | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Debt (Details) [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Payment to be made in proportion to outstanding balance, percentage | 1.15 | |||||||||||||||||||||||||||||||||||||||||||||||||||
Default interest rate | 22% | 22% | ||||||||||||||||||||||||||||||||||||||||||||||||||
Debt extension fee | $ 100,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
Debt instrument, redemption due, number of business days after notice | 5 days | |||||||||||||||||||||||||||||||||||||||||||||||||||
December 2022 Note Purchase Agreement And Promissory Note [Member] | Streeterville Capital, LLC [Member] | Unsecured Debt [Member] | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Debt (Details) [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Debt instrument, term | 12 months | |||||||||||||||||||||||||||||||||||||||||||||||||||
Game Your Game Note Purchase Agreement [Member] | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Debt (Details) [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Debt instrument, interest rate, stated percentage | 8% | 8% | ||||||||||||||||||||||||||||||||||||||||||||||||||
Notes Payable [Member] | March 2020 Note Purchase Agreement and Promissory Note [Member] | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Debt (Details) [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Debt instrument, interest rate, stated percentage | 10% | 10% | 10% | |||||||||||||||||||||||||||||||||||||||||||||||||
Game Your Game Note Purchase Agreement [Member] | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Debt (Details) [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Debt, initial aggregate principal amount | $ 100,000 | $ 30,000 | $ 100,000 | $ 100,000 | $ 100,000 | $ 100,000 | $ 100,000 | $ 100,000 | $ 100,000 | $ 100,000 | $ 200,000 | $ 200,000 | ||||||||||||||||||||||||||||||||||||||||
Long term debt | $ 1,100,000 | $ 1,100,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||
Interest rate percentage | 8% | 8% | 8% | 8% | ||||||||||||||||||||||||||||||||||||||||||||||||
Notes payable, current | $ 1,200,000 | $ 1,200,000 |
Debt (Details) - Schedule of Sh
Debt (Details) - Schedule of Short Term Debt - USD ($) $ in Thousands | Jun. 30, 2023 | Dec. 31, 2022 | Dec. 31, 2021 |
Short-Term Debt [Line Items] | |||
Total Short-Term Debt | $ 13,643 | $ 3,490 | |
March 2020 Note Purchase Agreement and Promissory Note [Member] | |||
Short-Term Debt [Line Items] | |||
Debt instrument, interest rate, stated percentage | 3,251 | ||
July 2022 Promissory Note [Member] | |||
Short-Term Debt [Line Items] | |||
Notes payable, current | $ 4,231 | 6,045 | |
Dec 2022 Promissory Note [Member] | |||
Short-Term Debt [Line Items] | |||
Notes payable, current | 8,366 | 6,520 | |
Third Party Note Payable [Member] | |||
Short-Term Debt [Line Items] | |||
Notes payable, current | $ 1,203 | $ 1,078 | $ 239 |
Debt (Details) - Schedule of _2
Debt (Details) - Schedule of Short Term Debt (Parentheticals) - USD ($) $ in Thousands | 12 Months Ended | |
Dec. 31, 2022 | Jun. 30, 2023 | |
March 2020 Note Purchase Agreement and Promissory Note [Member] | ||
Short-Term Debt [Line Items] | ||
Debt instrument, interest rate, stated percentage | 10% | |
July 2022 Promissory Note [Member] | ||
Short-Term Debt [Line Items] | ||
Debt instrument, discount | $ 760 | $ 85 |
Dec 2022 Promissory Note [Member] | ||
Short-Term Debt [Line Items] | ||
Debt instrument, discount | $ 1,880 | $ 1,013 |
Capital Raises (Details)
Capital Raises (Details) - USD ($) $ / shares in Units, $ in Thousands | 1 Months Ended | 3 Months Ended | 6 Months Ended | 12 Months Ended | |||||||||||||||||||||||
Jun. 13, 2023 | Oct. 01, 2022 | Mar. 31, 2022 | Mar. 22, 2022 | Mar. 22, 2022 | Sep. 15, 2021 | Sep. 13, 2021 | Sep. 13, 2021 | Feb. 12, 2021 | Feb. 11, 2021 | Jan. 31, 2023 | Oct. 18, 2022 | Jul. 22, 2022 | Mar. 22, 2022 | Feb. 16, 2021 | Jan. 24, 2021 | Mar. 31, 2023 | Dec. 31, 2022 | Mar. 31, 2022 | Mar. 31, 2021 | Jun. 30, 2023 | Jun. 30, 2022 | Dec. 31, 2022 | Dec. 31, 2021 | Jul. 01, 2023 | Mar. 15, 2022 | Sep. 30, 2021 | |
Capital Raises (Details) [Line Items] | |||||||||||||||||||||||||||
Exercise price of warrants (in Dollars per share) | $ 6,400,000 | $ 2,300,000 | |||||||||||||||||||||||||
Proceeds from warrant exercises (in Dollars) | $ 27,800 | $ 18,500 | $ 27,800 | ||||||||||||||||||||||||
Number of common shares sold under offering | 40,000 | ||||||||||||||||||||||||||
Purchase price per share (in Dollars per share) | $ 149.93 | ||||||||||||||||||||||||||
Preferred stock, shares authorized | 5,000,000 | 5,000,000 | |||||||||||||||||||||||||
Other estimated offering expenses, (in Dollars) | $ 50,600 | $ 46,906 | $ 46,906 | $ 50,585 | |||||||||||||||||||||||
Preferred stock, par value (in Dollars per share) | $ 0.001 | $ 0.001 | $ 0.001 | $ 0.001 | |||||||||||||||||||||||
Remaining warrants (in Dollars) | $ 5,600 | $ 5,600 | $ 5,600 | ||||||||||||||||||||||||
Warrants forfeited | 394,000 | 394,000 | |||||||||||||||||||||||||
Shared holders participants, percent | 71% | 71% | |||||||||||||||||||||||||
Deemed dividend modification cost (in Dollars) | $ 2,600 | $ 2,600 | |||||||||||||||||||||||||
Deemed contribution value (in Dollars) | $ 1,500 | $ 1,500 | |||||||||||||||||||||||||
Exercisable expire issuance date | 5 years | ||||||||||||||||||||||||||
Net proceeds from issuance of common stock and warrants (in Dollars) | $ 77,852 | ||||||||||||||||||||||||||
Common stock issued in direct offering | 930,990 | ||||||||||||||||||||||||||
Warrant [Member] | |||||||||||||||||||||||||||
Capital Raises (Details) [Line Items] | |||||||||||||||||||||||||||
Warrants to purchase shares of common stock after adjustment | 132,670 | ||||||||||||||||||||||||||
Warrant [Member] | |||||||||||||||||||||||||||
Capital Raises (Details) [Line Items] | |||||||||||||||||||||||||||
Warrants to purchase shares of common stock after adjustment | 200,000 | 258,065 | |||||||||||||||||||||||||
Exercise price of warrants (in Dollars per share) | $ 0.001 | ||||||||||||||||||||||||||
Number of common shares sold under offering | 3,846,153 | ||||||||||||||||||||||||||
Percent of warrants forfeited upon redemption | 75% | 75% | |||||||||||||||||||||||||
Warrants to purchase shares of common stock after adjustment | 200,000 | 2,310,990 | |||||||||||||||||||||||||
Warrants exercised for common shares | 930,990 | ||||||||||||||||||||||||||
January 2021 Pre-Funded Warrants [Member] | |||||||||||||||||||||||||||
Capital Raises (Details) [Line Items] | |||||||||||||||||||||||||||
Warrants to purchase shares of common stock after adjustment | 180,732 | ||||||||||||||||||||||||||
Exercise price of warrants (in Dollars per share) | $ 0.08 | ||||||||||||||||||||||||||
Exercise price of warrants (in Dollars per share) | $ 116.18 | ||||||||||||||||||||||||||
Exercisable warrants per common share | 1 | ||||||||||||||||||||||||||
Second February 2021 Pre-Funded Warrants [Member] | |||||||||||||||||||||||||||
Capital Raises (Details) [Line Items] | |||||||||||||||||||||||||||
Warrants to purchase shares of common stock after adjustment | 106,667 | ||||||||||||||||||||||||||
Exercise price of warrants (in Dollars per share) | $ 0.08 | ||||||||||||||||||||||||||
February 2021 Pre-Funded Warrants [Member] | |||||||||||||||||||||||||||
Capital Raises (Details) [Line Items] | |||||||||||||||||||||||||||
Warrants to purchase shares of common stock after adjustment | 92,670 | ||||||||||||||||||||||||||
Exercise price of warrants (in Dollars per share) | $ 0.08 | ||||||||||||||||||||||||||
Exercise price of warrants (in Dollars per share) | 150.68 | ||||||||||||||||||||||||||
Preferred Stock [Member] | |||||||||||||||||||||||||||
Capital Raises (Details) [Line Items] | |||||||||||||||||||||||||||
Preferred stock, shares authorized | 5,000,000 | ||||||||||||||||||||||||||
Preferred stock, par value (in Dollars per share) | $ 0.001 | ||||||||||||||||||||||||||
Purchase Warrants [Member] | Warrant [Member] | |||||||||||||||||||||||||||
Capital Raises (Details) [Line Items] | |||||||||||||||||||||||||||
Exercise price of warrants (in Dollars per share) | 150 | $ 5.85 | $ 150.75 | $ 116.25 | |||||||||||||||||||||||
Exercise price of warrants (in Dollars per share) | $ 150 | 5.85 | $ 150.75 | $ 116.25 | |||||||||||||||||||||||
Warrant [Member] | |||||||||||||||||||||||||||
Capital Raises (Details) [Line Items] | |||||||||||||||||||||||||||
Warrants to purchase shares of common stock after adjustment | 132,670 | ||||||||||||||||||||||||||
Registered Direct Offering [Member] | |||||||||||||||||||||||||||
Capital Raises (Details) [Line Items] | |||||||||||||||||||||||||||
Common stock issued in direct offering | 93,334 | 40,000 | 77,334 | 210,668 | |||||||||||||||||||||||
Exercise price of warrants (in Dollars per share) | $ 5.849 | ||||||||||||||||||||||||||
Number of common shares sold under offering | 253,112 | ||||||||||||||||||||||||||
Subscription price (in Dollars per share) | $ 920 | $ 920 | |||||||||||||||||||||||||
Original issuance discount percentage | 8% | 8% | |||||||||||||||||||||||||
Aggregate subscription value (in Dollars) | $ 54,100 | $ 54,100 | |||||||||||||||||||||||||
Registered Direct Offering [Member] | Warrant [Member] | |||||||||||||||||||||||||||
Capital Raises (Details) [Line Items] | |||||||||||||||||||||||||||
Common stock issued in direct offering | 93,334 | 253,112 | 40,000 | 77,334 | |||||||||||||||||||||||
Exercise price of warrants (in Dollars per share) | $ 0.001 | $ 0.001 | |||||||||||||||||||||||||
Number of common shares sold under offering | 626,667 | ||||||||||||||||||||||||||
Warrants to purchase shares of common stock after adjustment | 258,065 | ||||||||||||||||||||||||||
Registered Direct Offering [Member] | Maximum [Member] | |||||||||||||||||||||||||||
Capital Raises (Details) [Line Items] | |||||||||||||||||||||||||||
Common stock at share prices (in Dollars per share) | $ 150.75 | ||||||||||||||||||||||||||
Registered Direct Offering [Member] | Minimum [Member] | |||||||||||||||||||||||||||
Capital Raises (Details) [Line Items] | |||||||||||||||||||||||||||
Common stock at share prices (in Dollars per share) | $ 116.25 | ||||||||||||||||||||||||||
Registered Direct Offering [Member] | Purchase Warrants [Member] | Warrant [Member] | |||||||||||||||||||||||||||
Capital Raises (Details) [Line Items] | |||||||||||||||||||||||||||
Exercise price of warrants (in Dollars per share) | $ 116.25 | ||||||||||||||||||||||||||
Exercise price of warrants (in Dollars per share) | $ 116.25 | ||||||||||||||||||||||||||
Registered Direct Offering [Member] | Warrant [Member] | |||||||||||||||||||||||||||
Capital Raises (Details) [Line Items] | |||||||||||||||||||||||||||
Number of common shares sold under offering | 626,667 | ||||||||||||||||||||||||||
Equity Distribution Agreement [Member] | |||||||||||||||||||||||||||
Capital Raises (Details) [Line Items] | |||||||||||||||||||||||||||
Proceeds from warrant exercises (in Dollars) | $ 20,400 | ||||||||||||||||||||||||||
Number of common shares sold under offering | 28,981,729 | ||||||||||||||||||||||||||
Sale of stock, maximum potential offering (in Dollars) | $ 25,000 | $ 25,000 | |||||||||||||||||||||||||
Sale of stock, consideration received on transaction (in Dollars) | $ 21,000 | ||||||||||||||||||||||||||
Equity Distribution Agreement [Member] | Maximum [Member] | |||||||||||||||||||||||||||
Capital Raises (Details) [Line Items] | |||||||||||||||||||||||||||
Sale of stock, maximum potential offering (in Dollars) | $ 27,400 | ||||||||||||||||||||||||||
Common stock at share prices (in Dollars per share) | $ 1.86 | ||||||||||||||||||||||||||
Equity Distribution Agreement [Member] | Minimum [Member] | |||||||||||||||||||||||||||
Capital Raises (Details) [Line Items] | |||||||||||||||||||||||||||
Common stock at share prices (in Dollars per share) | $ 0.200034 | ||||||||||||||||||||||||||
Securities Purchase Agreement [Member] | |||||||||||||||||||||||||||
Capital Raises (Details) [Line Items] | |||||||||||||||||||||||||||
Net proceeds from issuance of common stock and warrants (in Dollars) | $ 14,100 | ||||||||||||||||||||||||||
Securities Purchase Agreement [Member] | Pre-Funded Warrant [Member] | |||||||||||||||||||||||||||
Capital Raises (Details) [Line Items] | |||||||||||||||||||||||||||
Exercise price of warrants (in Dollars per share) | $ 0.001 | ||||||||||||||||||||||||||
Exercisable warrants per common share | 1 | ||||||||||||||||||||||||||
Series 7 Convertible Preferred Stock [Member] | |||||||||||||||||||||||||||
Capital Raises (Details) [Line Items] | |||||||||||||||||||||||||||
Preferred stock, shares issued | 0 | 0 | |||||||||||||||||||||||||
Preferred Stock, Shares Outstanding | 0 | 0 | |||||||||||||||||||||||||
Mezzanine equity, convertible preferred shares, par value per share (in Dollars per share) | $ 0.001 | $ 0.001 | |||||||||||||||||||||||||
Mezzanine equity, convertible preferred shares, stated value per share (in Dollars per share) | 1,000 | 1,000 | $ 1,000 | ||||||||||||||||||||||||
Mezzanine equity, convertible preferred shares, conversion price (in Dollars per share) | $ 93.75 | $ 93.75 | |||||||||||||||||||||||||
Other estimated offering expenses, (in Dollars) | $ 50,600 | ||||||||||||||||||||||||||
Preferred stock, shares authorized | 49,250 | 49,250 | 49,250 | ||||||||||||||||||||||||
Aggregate cash paid (in Dollars) | $ 49,300 | $ 49,300 | $ 49,300 | $ 49,300 | $ 49,300 | ||||||||||||||||||||||
Series 7 Convertible Preferred Stock [Member] | Warrant [Member] | |||||||||||||||||||||||||||
Capital Raises (Details) [Line Items] | |||||||||||||||||||||||||||
Percent of warrants forfeited upon redemption | 75% | 75% | 75% | 75% | |||||||||||||||||||||||
Series 7 Convertible Preferred Stock [Member] | Preferred Stock [Member] | |||||||||||||||||||||||||||
Capital Raises (Details) [Line Items] | |||||||||||||||||||||||||||
Preferred stock, shares authorized | 49,250 | ||||||||||||||||||||||||||
Series 7 Convertible Preferred Stock [Member] | Registered Direct Offering [Member] | |||||||||||||||||||||||||||
Capital Raises (Details) [Line Items] | |||||||||||||||||||||||||||
Number of common shares sold under offering | 58,750 | ||||||||||||||||||||||||||
Aggregate subscription value (in Dollars) | $ 54,100 | $ 54,100 | |||||||||||||||||||||||||
Series 7 Convertible Preferred Stock [Member] | Registered Direct Offering [Member] | Warrant [Member] | |||||||||||||||||||||||||||
Capital Raises (Details) [Line Items] | |||||||||||||||||||||||||||
Number of common shares sold under offering | 626,667 | ||||||||||||||||||||||||||
Common Stock [Member] | |||||||||||||||||||||||||||
Capital Raises (Details) [Line Items] | |||||||||||||||||||||||||||
Mezzanine equity, convertible preferred shares, conversion price (in Dollars per share) | $ 93.75 | $ 93.75 | |||||||||||||||||||||||||
Common Stock [Member] | Registered Direct Offering [Member] | |||||||||||||||||||||||||||
Capital Raises (Details) [Line Items] | |||||||||||||||||||||||||||
Number of common shares sold under offering | 626,667 | ||||||||||||||||||||||||||
Series 8 Convertible Preferred Stock [Member] | |||||||||||||||||||||||||||
Capital Raises (Details) [Line Items] | |||||||||||||||||||||||||||
Number of common shares sold under offering | 1,503,726 | 1,503,726 | |||||||||||||||||||||||||
Subscription price (in Dollars per share) | $ 940 | $ 940 | $ 940 | ||||||||||||||||||||||||
Original issuance discount percentage | 6% | 6% | 6% | ||||||||||||||||||||||||
Aggregate subscription value (in Dollars) | $ 50,000 | $ 50,000 | $ 50,000 | ||||||||||||||||||||||||
Preferred Stock, Shares Outstanding | 0 | 0 | 0 | ||||||||||||||||||||||||
Other estimated offering expenses, (in Dollars) | $ 46,900 | $ 46,900 | $ 46,900 | ||||||||||||||||||||||||
Preferred stock, shares authorized | 53,197.7234 | 53,197.7234 | 53,197.7234 | ||||||||||||||||||||||||
Preferred stock, par value (in Dollars per share) | $ 0.001 | $ 0.001 | $ 0.001 | ||||||||||||||||||||||||
Preferred stock, stated value per share (in Dollars per share) | 1,000 | 1,000 | 1,000 | ||||||||||||||||||||||||
Preferred stock, convertible, conversion price (in Dollars per share) | $ 35.38 | $ 35.38 | $ 35.38 | ||||||||||||||||||||||||
Preferred stock, shares authorized | 53,197.72 | 53,197.72 | |||||||||||||||||||||||||
Aggregate cash paid (in Dollars) | $ 53,200 | $ 53,200 | |||||||||||||||||||||||||
Warrants forfeited | 751,841 | 751,841 | |||||||||||||||||||||||||
Series 8 Convertible Preferred Stock [Member] | Warrant [Member] | |||||||||||||||||||||||||||
Capital Raises (Details) [Line Items] | |||||||||||||||||||||||||||
Percent of warrants forfeited upon redemption | 50% | 50% | 50% | ||||||||||||||||||||||||
Series 8 Convertible Preferred Stock [Member] | Registered Direct Offering [Member] | |||||||||||||||||||||||||||
Capital Raises (Details) [Line Items] | |||||||||||||||||||||||||||
Number of common shares sold under offering | 1,503,726 | 1,503,726 | |||||||||||||||||||||||||
Subscription price (in Dollars per share) | $ 940 | $ 940 | $ 940 | ||||||||||||||||||||||||
Original issuance discount percentage | 6% | 6% | 6% | ||||||||||||||||||||||||
Aggregate subscription value (in Dollars) | $ 50,000 | $ 50,000 | $ 50,000 | ||||||||||||||||||||||||
Preferred stock, shares authorized | 53,197.7234 | 53,197.7234 | 53,197.7234 | ||||||||||||||||||||||||
Preferred stock, par value (in Dollars per share) | $ 0.001 | $ 0.001 | $ 0.001 | ||||||||||||||||||||||||
Subsequent Event [Member] | Maximum [Member] | |||||||||||||||||||||||||||
Capital Raises (Details) [Line Items] | |||||||||||||||||||||||||||
Common stock at share prices (in Dollars per share) | 0.22291 | ||||||||||||||||||||||||||
Subsequent Event [Member] | Minimum [Member] | |||||||||||||||||||||||||||
Capital Raises (Details) [Line Items] | |||||||||||||||||||||||||||
Common stock at share prices (in Dollars per share) | $ 0.139609 | ||||||||||||||||||||||||||
Subsequent Event [Member] | Registered Direct Offering [Member] | Warrant [Member] | |||||||||||||||||||||||||||
Capital Raises (Details) [Line Items] | |||||||||||||||||||||||||||
Exercise price of warrants (in Dollars per share) | $ 0.001 | ||||||||||||||||||||||||||
Subsequent Event [Member] | Registered Direct Offering [Member] | Pre-Funded Warrant [Member] | |||||||||||||||||||||||||||
Capital Raises (Details) [Line Items] | |||||||||||||||||||||||||||
Common stock issued in direct offering | 1,380,000 | ||||||||||||||||||||||||||
Warrants exercised for common shares | 1,380,000 | ||||||||||||||||||||||||||
Subsequent Event [Member] | Equity Distribution Agreement [Member] | |||||||||||||||||||||||||||
Capital Raises (Details) [Line Items] | |||||||||||||||||||||||||||
Number of common shares sold under offering | 9,655,207 | ||||||||||||||||||||||||||
Sale of stock, consideration received on transaction (in Dollars) | $ 15,400 | ||||||||||||||||||||||||||
Subsequent Event [Member] | Equity Distribution Agreement [Member] | Maximum [Member] | |||||||||||||||||||||||||||
Capital Raises (Details) [Line Items] | |||||||||||||||||||||||||||
Common stock at share prices (in Dollars per share) | $ 1.86 | ||||||||||||||||||||||||||
Subsequent Event [Member] | Equity Distribution Agreement [Member] | Minimum [Member] | |||||||||||||||||||||||||||
Capital Raises (Details) [Line Items] | |||||||||||||||||||||||||||
Common stock at share prices (in Dollars per share) | $ 1.15 |
Common Stock (Details)
Common Stock (Details) - USD ($) $ / shares in Units, $ in Thousands | 1 Months Ended | 3 Months Ended | 6 Months Ended | 12 Months Ended | |||||||||||||||||||||||||||||||||||||||||
Feb. 28, 2023 | Oct. 17, 2022 | Oct. 12, 2022 | Sep. 09, 2022 | Aug. 04, 2022 | Jul. 11, 2022 | Jul. 01, 2022 | May 31, 2022 | May 17, 2022 | Mar. 15, 2022 | Mar. 03, 2022 | Mar. 03, 2022 | Feb. 19, 2022 | Feb. 18, 2022 | Feb. 01, 2022 | Jan. 28, 2022 | Dec. 23, 2021 | Sep. 13, 2021 | Sep. 13, 2021 | Aug. 21, 2021 | Feb. 19, 2021 | Feb. 12, 2021 | Feb. 11, 2021 | Feb. 11, 2021 | Oct. 18, 2022 | Oct. 17, 2022 | Feb. 19, 2022 | Jan. 28, 2022 | Feb. 16, 2021 | Jan. 24, 2021 | Jun. 30, 2023 | Mar. 31, 2023 | Dec. 31, 2022 | Sep. 30, 2022 | Jun. 30, 2022 | Mar. 31, 2022 | Dec. 31, 2021 | Sep. 30, 2021 | Jun. 30, 2021 | Mar. 31, 2021 | Jun. 30, 2023 | Dec. 31, 2022 | Dec. 31, 2021 | Jul. 01, 2023 | Oct. 31, 2022 | |
Common Stock (Details) [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||
Shares issued | 83,682 | 1,547,234 | 111,585 | 35,062 | 57,472 | 11,696 | 11,919 | ||||||||||||||||||||||||||||||||||||||
Outstanding balance amount (in Dollars) | $ 1,300 | $ 500 | $ 1,500 | ||||||||||||||||||||||||||||||||||||||||||
Shares issued for cash / offering (in Dollars) | $ 5,417 | ||||||||||||||||||||||||||||||||||||||||||||
Common shares issued for cashless stock options exercised | 277,000 | ||||||||||||||||||||||||||||||||||||||||||||
Equity interest issued (in Dollars) | $ 1,403 | ||||||||||||||||||||||||||||||||||||||||||||
Shares issued in asset acquisition (in Dollars) | $ 429 | ||||||||||||||||||||||||||||||||||||||||||||
Stock issued during the period, restricted stock award | 62,308 | ||||||||||||||||||||||||||||||||||||||||||||
Stock withheld for employee tax obligation | 12,292 | ||||||||||||||||||||||||||||||||||||||||||||
Common stock, par value (in Dollars per share) | $ 4.78 | $ 4.78 | $ 0.001 | $ 0.001 | $ 0.001 | $ 0.001 | $ 0.001 | $ 0.001 | $ 0.001 | ||||||||||||||||||||||||||||||||||||
Restricted stock grants forfeited | 2,038 | 4,500 | |||||||||||||||||||||||||||||||||||||||||||
Aggregate shares called by warrants | 657,402 | 657,402 | |||||||||||||||||||||||||||||||||||||||||||
Shares issued due to exercise of warrants | 184,153 | 184,153 | |||||||||||||||||||||||||||||||||||||||||||
Awards forfeited in period | 9,273 | ||||||||||||||||||||||||||||||||||||||||||||
Common shares issued for extinguishment of debt (in Dollars) | $ 2,020 | $ 1,426 | 1,500 | $ 3,650 | $ 2,500 | ||||||||||||||||||||||||||||||||||||||||
Number of shares sold under offering | 40,000 | ||||||||||||||||||||||||||||||||||||||||||||
Pre-funded warrants per share (in Dollars per share) | $ 6,400,000 | $ 6,400,000 | $ 2,300,000 | ||||||||||||||||||||||||||||||||||||||||||
Additional Paid-in Capital [Member] | |||||||||||||||||||||||||||||||||||||||||||||
Common Stock (Details) [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||
Outstanding balance amount (in Dollars) | 1,400 | $ 1,000 | $ 1,500 | ||||||||||||||||||||||||||||||||||||||||||
Shares issued for cash / offering (in Dollars) | $ 5,397 | ||||||||||||||||||||||||||||||||||||||||||||
Common shares issued for extinguishment of debt (in Dollars) | $ 2,013 | $ 1,425 | $ 1,500 | $ 3,650 | $ 2,500 | ||||||||||||||||||||||||||||||||||||||||
Common Stock [Member] | |||||||||||||||||||||||||||||||||||||||||||||
Common Stock (Details) [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||
Shares issued | 7,349,420 | 1,547,234 | 57,472 | 287,802 | 23,615 | ||||||||||||||||||||||||||||||||||||||||
Shares of common stock | 52,513 | ||||||||||||||||||||||||||||||||||||||||||||
Shares issued for cash / offering (in Dollars) | $ 20 | ||||||||||||||||||||||||||||||||||||||||||||
Common shares issued for cashless stock options exercised | 35,062 | 73 | |||||||||||||||||||||||||||||||||||||||||||
Issuance of shares from acquisition | 144,986 | 144,986 | 117,995 | ||||||||||||||||||||||||||||||||||||||||||
Stock issued during the period, restricted stock award | 62,308 | ||||||||||||||||||||||||||||||||||||||||||||
Stock withheld for employee tax obligation | (12,802) | (12,802) | |||||||||||||||||||||||||||||||||||||||||||
Series 7 Preferred Stock converted to common stock | 101,334 | ||||||||||||||||||||||||||||||||||||||||||||
Common shares issued for extinguishment of debt (in Dollars) | $ 7 | $ 1 | |||||||||||||||||||||||||||||||||||||||||||
Warrant [Member] | |||||||||||||||||||||||||||||||||||||||||||||
Common Stock (Details) [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||
Number of shares sold under offering | 3,846,153 | ||||||||||||||||||||||||||||||||||||||||||||
Exercise shares | 930,990 | ||||||||||||||||||||||||||||||||||||||||||||
Pre-funded warrants per share (in Dollars per share) | $ 0.001 | ||||||||||||||||||||||||||||||||||||||||||||
March 2020 Note Purchase Agreement and Promissory Note [Member] | |||||||||||||||||||||||||||||||||||||||||||||
Common Stock (Details) [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||
Common shares issued for extinguishment of debt (in Dollars) | $ 400 | ||||||||||||||||||||||||||||||||||||||||||||
March 2020 Note Purchase Agreement and Promissory Note [Member] | Common Stock [Member] | |||||||||||||||||||||||||||||||||||||||||||||
Common Stock (Details) [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||
Shares issued | 83,682 | ||||||||||||||||||||||||||||||||||||||||||||
Exchange Agreement [Member] | |||||||||||||||||||||||||||||||||||||||||||||
Common Stock (Details) [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||
Shares issued | 19,871 | 25,691 | 33,949 | 32,074 | 19,806 | 15,256 | 28,698 | 12,885 | 15,889 | 11,919 | |||||||||||||||||||||||||||||||||||
Common stock, par value (in Dollars per share) | $ 10.07 | $ 11.68 | $ 11.78 | $ 10.91 | $ 12.75 | $ 16.5 | $ 22.65 | $ 27.17 | $ 31.47 | $ 125.85 | $ 125.85 | ||||||||||||||||||||||||||||||||||
Exchange Agreement [Member] | Streeterville Capital, LLC [Member] | |||||||||||||||||||||||||||||||||||||||||||||
Common Stock (Details) [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||
Shares issued | 7,349,420 | 935,976 | |||||||||||||||||||||||||||||||||||||||||||
Outstanding balance amount (in Dollars) | $ 2,000 | ||||||||||||||||||||||||||||||||||||||||||||
Exchange Agreement [Member] | Streeterville Capital, LLC [Member] | Minimum [Member] | |||||||||||||||||||||||||||||||||||||||||||||
Common Stock (Details) [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||
Common stock, par value (in Dollars per share) | $ 0.195 | $ 0.37 | 0.195 | ||||||||||||||||||||||||||||||||||||||||||
Exchange Agreement [Member] | Streeterville Capital, LLC [Member] | Maximum [Member] | |||||||||||||||||||||||||||||||||||||||||||||
Common Stock (Details) [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||
Common stock, par value (in Dollars per share) | $ 0.3966 | $ 0.915 | 0.3966 | ||||||||||||||||||||||||||||||||||||||||||
Existing Warrants [Member] | |||||||||||||||||||||||||||||||||||||||||||||
Common Stock (Details) [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||
Aggregate shares called by warrants | 52,513 | 52,513 | |||||||||||||||||||||||||||||||||||||||||||
Pre-Funded Warrants [Member] | |||||||||||||||||||||||||||||||||||||||||||||
Common Stock (Details) [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||
Shares of common stock | 930,990 | ||||||||||||||||||||||||||||||||||||||||||||
Pre-Funded Warrants [Member] | Warrant [Member] | |||||||||||||||||||||||||||||||||||||||||||||
Common Stock (Details) [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||
Exercise shares | 930,990 | 930,990 | 930,990 | ||||||||||||||||||||||||||||||||||||||||||
Pre-funded warrants per share (in Dollars per share) | $ 0.001 | $ 0.001 | $ 0.001 | ||||||||||||||||||||||||||||||||||||||||||
March 2022 Warrants [Member] | |||||||||||||||||||||||||||||||||||||||||||||
Common Stock (Details) [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||
Shares issued | 751,867 | ||||||||||||||||||||||||||||||||||||||||||||
Shares of common stock | 248,124 | 324,918 | |||||||||||||||||||||||||||||||||||||||||||
September 2021 Warrants [Member] | |||||||||||||||||||||||||||||||||||||||||||||
Common Stock (Details) [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||
Shares issued | 232,675 | ||||||||||||||||||||||||||||||||||||||||||||
Shares of common stock | 76,794 | 324,918 | |||||||||||||||||||||||||||||||||||||||||||
Visualix Asset Purchase Agreement [Member] | |||||||||||||||||||||||||||||||||||||||||||||
Common Stock (Details) [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||
Issuance of shares from acquisition | 4,928 | ||||||||||||||||||||||||||||||||||||||||||||
Shares issued in asset acquisition (in Dollars) | $ 400 | ||||||||||||||||||||||||||||||||||||||||||||
Registered Direct Offering [Member] | |||||||||||||||||||||||||||||||||||||||||||||
Common Stock (Details) [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||
Shares of common stock | 93,334 | 40,000 | 77,334 | 210,668 | |||||||||||||||||||||||||||||||||||||||||
Shares issued for cash / offering (in Dollars) | $ 74,100 | ||||||||||||||||||||||||||||||||||||||||||||
Aggregate shares called by warrants | 3,846,153 | ||||||||||||||||||||||||||||||||||||||||||||
Number of shares sold under offering | 253,112 | ||||||||||||||||||||||||||||||||||||||||||||
Combined offering price (in Dollars per share) | $ 5.85 | ||||||||||||||||||||||||||||||||||||||||||||
Registered Direct Offering [Member] | Warrant [Member] | |||||||||||||||||||||||||||||||||||||||||||||
Common Stock (Details) [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||
Shares of common stock | 93,334 | 253,112 | 40,000 | 77,334 | |||||||||||||||||||||||||||||||||||||||||
Common stock, par value (in Dollars per share) | $ 0.001 | $ 0.001 | |||||||||||||||||||||||||||||||||||||||||||
Number of shares sold under offering | 626,667 | ||||||||||||||||||||||||||||||||||||||||||||
Pre-funded warrants per share (in Dollars per share) | $ 0.001 | $ 0.001 | |||||||||||||||||||||||||||||||||||||||||||
Registered Direct Offering [Member] | Minimum [Member] | |||||||||||||||||||||||||||||||||||||||||||||
Common Stock (Details) [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||
Share price (in Dollars per share) | $ 116.25 | ||||||||||||||||||||||||||||||||||||||||||||
Registered Direct Offering [Member] | Maximum [Member] | |||||||||||||||||||||||||||||||||||||||||||||
Common Stock (Details) [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||
Share price (in Dollars per share) | $ 150.75 | ||||||||||||||||||||||||||||||||||||||||||||
Registered Direct Offering [Member] | Pre-Funded Warrants [Member] | |||||||||||||||||||||||||||||||||||||||||||||
Common Stock (Details) [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||
Shares of common stock | 1,380,000 | ||||||||||||||||||||||||||||||||||||||||||||
Registered Direct Offering [Member] | Pre-Funded Warrants [Member] | Warrant [Member] | |||||||||||||||||||||||||||||||||||||||||||||
Common Stock (Details) [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||
Exercise shares | 1,380,000 | ||||||||||||||||||||||||||||||||||||||||||||
ATM [Member] | |||||||||||||||||||||||||||||||||||||||||||||
Common Stock (Details) [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||
Shares of common stock | 19,326,522 | 9,655,207 | |||||||||||||||||||||||||||||||||||||||||||
Gross proceeds (in Dollars) | $ 5,600 | $ 15,400 | |||||||||||||||||||||||||||||||||||||||||||
Net proceeds (in Dollars) | $ 5,400 | $ 15,000 | |||||||||||||||||||||||||||||||||||||||||||
ATM [Member] | Minimum [Member] | |||||||||||||||||||||||||||||||||||||||||||||
Common Stock (Details) [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||
Share price (in Dollars per share) | $ 0.200034 | $ 1.15 | 0.200034 | ||||||||||||||||||||||||||||||||||||||||||
ATM [Member] | Maximum [Member] | |||||||||||||||||||||||||||||||||||||||||||||
Common Stock (Details) [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||
Share price (in Dollars per share) | $ 0.54 | $ 1.86 | $ 0.54 | ||||||||||||||||||||||||||||||||||||||||||
Series 7 Convertible Preferred Stock [Member] | |||||||||||||||||||||||||||||||||||||||||||||
Common Stock (Details) [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||
Series 7 Preferred Stock converted to common stock | 9,500 | 9,500 | |||||||||||||||||||||||||||||||||||||||||||
Series 7 Convertible Preferred Stock [Member] | Registered Direct Offering [Member] | |||||||||||||||||||||||||||||||||||||||||||||
Common Stock (Details) [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||
Number of shares sold under offering | 58,750 | ||||||||||||||||||||||||||||||||||||||||||||
Series 7 Convertible Preferred Stock [Member] | Registered Direct Offering [Member] | Warrant [Member] | |||||||||||||||||||||||||||||||||||||||||||||
Common Stock (Details) [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||
Number of shares sold under offering | 626,667 | ||||||||||||||||||||||||||||||||||||||||||||
Stock options [Member] | |||||||||||||||||||||||||||||||||||||||||||||
Common Stock (Details) [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||
Common shares issued for cashless stock options exercised | 6 | 67 | |||||||||||||||||||||||||||||||||||||||||||
2020 Pre-Funded Warrant [Member] | |||||||||||||||||||||||||||||||||||||||||||||
Common Stock (Details) [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||
Shares of common stock | 420,071 | ||||||||||||||||||||||||||||||||||||||||||||
Proceeds from issuance or sale of equity (in Dollars) | $ 3,700 | ||||||||||||||||||||||||||||||||||||||||||||
Restricted Stock [Member] | |||||||||||||||||||||||||||||||||||||||||||||
Common Stock (Details) [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||
Awards forfeited in period | 12,802 | 2,037 | 4,500 | 12,291 | 12,802 | ||||||||||||||||||||||||||||||||||||||||
Game Your Game [Member] | |||||||||||||||||||||||||||||||||||||||||||||
Common Stock (Details) [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||
Equity interest issued | 15,722 | 15,721 | |||||||||||||||||||||||||||||||||||||||||||
Equity interest issued (in Dollars) | $ 1,400 | ||||||||||||||||||||||||||||||||||||||||||||
Game Your Game [Member] | Common Stock [Member] | |||||||||||||||||||||||||||||||||||||||||||||
Common Stock (Details) [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||
Issuance of shares from acquisition | 15,722 | ||||||||||||||||||||||||||||||||||||||||||||
CxApp [Member] | |||||||||||||||||||||||||||||||||||||||||||||
Common Stock (Details) [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||
Shares of common stock | 144,986 | 144,986 | |||||||||||||||||||||||||||||||||||||||||||
Equity interest issued | 117,995 | ||||||||||||||||||||||||||||||||||||||||||||
Equity interest issued (in Dollars) | $ 10,000 |
Preferred Stock (Details)
Preferred Stock (Details) - USD ($) | 1 Months Ended | 3 Months Ended | 6 Months Ended | 12 Months Ended | ||||||||||||||
Mar. 31, 2022 | Mar. 22, 2022 | Mar. 22, 2022 | Sep. 15, 2021 | Sep. 13, 2021 | Sep. 13, 2021 | Feb. 11, 2021 | Oct. 18, 2022 | Mar. 22, 2022 | Dec. 31, 2022 | Mar. 31, 2022 | Sep. 30, 2021 | Jun. 30, 2023 | Jun. 30, 2022 | Dec. 31, 2022 | Dec. 31, 2021 | Jan. 14, 2019 | Apr. 20, 2018 | |
Preferred Stock (Details) [Line Items] | ||||||||||||||||||
Preferred stock, par value (in Dollars per share) | $ 0.001 | $ 0.001 | $ 0.001 | $ 0.001 | ||||||||||||||
Number of common shares sold under offering | 40,000 | |||||||||||||||||
Aggregate net proceeds from the offering (in Dollars) | $ 50,600,000 | $ 46,906,000 | $ 46,906,000 | $ 50,585,000 | ||||||||||||||
Subscription amout (in Dollars) | $ 920 | |||||||||||||||||
Stock percentage | 8% | |||||||||||||||||
Aggregate subscription amount (in Dollars) | $ 54,100,000 | $ 54,100,000 | ||||||||||||||||
Registered Direct Offering [Member] | ||||||||||||||||||
Preferred Stock (Details) [Line Items] | ||||||||||||||||||
Number of common shares sold under offering | 253,112 | |||||||||||||||||
Subscription price (in Dollars per share) | $ 920 | $ 920 | ||||||||||||||||
Original issue discount | 8% | 8% | ||||||||||||||||
Aggregate subscription value (in Dollars) | $ 54,100,000 | $ 54,100,000 | ||||||||||||||||
Preferred Stock [Member] | ||||||||||||||||||
Preferred Stock (Details) [Line Items] | ||||||||||||||||||
Preferred stock, shares authorized | 5,000,000 | |||||||||||||||||
Preferred stock, par value (in Dollars per share) | $ 0.001 | |||||||||||||||||
Warrant [Member] | ||||||||||||||||||
Preferred Stock (Details) [Line Items] | ||||||||||||||||||
Number of common shares sold under offering | 3,846,153 | |||||||||||||||||
Warrant [Member] | Registered Direct Offering [Member] | ||||||||||||||||||
Preferred Stock (Details) [Line Items] | ||||||||||||||||||
Number of common shares sold under offering | 626,667 | |||||||||||||||||
Preferred Stock [Member] | ||||||||||||||||||
Preferred Stock (Details) [Line Items] | ||||||||||||||||||
Preferred stock, shares authorized | 5,000,000 | 5,000,000 | ||||||||||||||||
Preferred stock, par value (in Dollars per share) | $ 0.001 | $ 0.001 | ||||||||||||||||
Series 4 Convertible Preferred Stock [Member] | ||||||||||||||||||
Preferred Stock (Details) [Line Items] | ||||||||||||||||||
Preferred stock, shares authorized | 10,415 | 10,415 | 10,415 | 10,415 | 10,415 | |||||||||||||
Preferred stock, par value (in Dollars per share) | $ 1,000 | |||||||||||||||||
Series preferred stock conversion value (in Dollars per share) | $ 16,740 | |||||||||||||||||
Preferred stock, shares outstanding | 1 | 1 | 1 | 1 | ||||||||||||||
Series 5 Convertible Preferred Stock [Member] | ||||||||||||||||||
Preferred Stock (Details) [Line Items] | ||||||||||||||||||
Preferred stock, shares authorized | 12,000 | 12,000 | 12,000 | 12,000 | 12,000 | |||||||||||||
Preferred stock, par value (in Dollars per share) | $ 1,000 | |||||||||||||||||
Series preferred stock conversion value (in Dollars per share) | $ 11,238.75 | |||||||||||||||||
Preferred stock, shares outstanding | 126 | 126 | 126 | 126 | ||||||||||||||
Series 7 Convertible Preferred Stock [Member] | ||||||||||||||||||
Preferred Stock (Details) [Line Items] | ||||||||||||||||||
convertible preferred stock, shares issued | 58,750 | 58,750 | 58,750 | 58,750 | 58,750 | 58,750 | ||||||||||||
Par value (in Dollars per share) | $ 0.001 | $ 0.001 | ||||||||||||||||
Per share (in Dollars per share) | 1,000 | $ 1,000 | $ 1,000 | |||||||||||||||
Mezzanine equity, convertible preferred shares, maximum voting power percentage | 19.99% | |||||||||||||||||
Temporary equity convertible conversion price (in Dollars per share) | $ 93.75 | $ 93.75 | ||||||||||||||||
Aggregate net proceeds from the offering (in Dollars) | $ 50,600,000 | |||||||||||||||||
Series 7 Preferred Stock converted to common stock | 9,500 | 9,500 | ||||||||||||||||
Aggregate cash paid | 49,250 | 49,250 | 49,250 | |||||||||||||||
Approximately cash paid (in Dollars) | $ 49,300,000 | $ 49,300,000 | $ 49,300,000 | $ 49,300,000 | $ 49,300,000 | |||||||||||||
Convertible preferred stock, shares outstanding | 0 | 0 | 0 | |||||||||||||||
Preferred stock, shares outstanding | 0 | 0 | ||||||||||||||||
Series 7 Convertible Preferred Stock [Member] | Registered Direct Offering [Member] | ||||||||||||||||||
Preferred Stock (Details) [Line Items] | ||||||||||||||||||
Number of common shares sold under offering | 58,750 | |||||||||||||||||
Aggregate subscription value (in Dollars) | $ 54,100,000 | $ 54,100,000 | ||||||||||||||||
Series 7 Convertible Preferred Stock [Member] | Preferred Stock [Member] | ||||||||||||||||||
Preferred Stock (Details) [Line Items] | ||||||||||||||||||
Aggregate cash paid | 49,250 | |||||||||||||||||
Series 7 Convertible Preferred Stock [Member] | Warrant [Member] | Registered Direct Offering [Member] | ||||||||||||||||||
Preferred Stock (Details) [Line Items] | ||||||||||||||||||
Number of common shares sold under offering | 626,667 | |||||||||||||||||
Common Stock [Member] | ||||||||||||||||||
Preferred Stock (Details) [Line Items] | ||||||||||||||||||
Temporary equity convertible conversion price (in Dollars per share) | $ 93.75 | $ 93.75 | ||||||||||||||||
Series 7 Preferred Stock converted to common stock | 101,334 | |||||||||||||||||
Common Stock [Member] | Registered Direct Offering [Member] | ||||||||||||||||||
Preferred Stock (Details) [Line Items] | ||||||||||||||||||
Number of common shares sold under offering | 626,667 | |||||||||||||||||
Series 8 Convertible Preferred Stock [Member] | ||||||||||||||||||
Preferred Stock (Details) [Line Items] | ||||||||||||||||||
Preferred stock, shares authorized | 53,197.7234 | 53,197.7234 | 53,197.7234 | |||||||||||||||
Preferred stock, par value (in Dollars per share) | $ 0.001 | $ 0.001 | $ 0.001 | |||||||||||||||
convertible preferred stock, shares issued | 53,197.7234 | 53,197.7234 | 53,197.7234 | |||||||||||||||
Number of common shares sold under offering | 1,503,726 | 1,503,726 | ||||||||||||||||
Subscription price (in Dollars per share) | $ 940 | $ 940 | $ 940 | |||||||||||||||
Original issue discount | 6% | 6% | 6% | |||||||||||||||
Aggregate subscription value (in Dollars) | $ 50,000,000 | $ 50,000,000 | $ 50,000,000 | |||||||||||||||
Aggregate net proceeds from the offering (in Dollars) | $ 46,900,000 | $ 46,900,000 | $ 46,900,000 | |||||||||||||||
Aggregate cash paid | 53,197.72 | 53,197.72 | ||||||||||||||||
Approximately cash paid (in Dollars) | $ 53,200,000 | $ 53,200,000 | ||||||||||||||||
Mezzanine equity, convertible preferred shares, stated value per share (in Dollars per share) | $ 1,000 | $ 1,000 | $ 1,000 | |||||||||||||||
Mezzanine equity, convertible preferred shares, maximum voting power percentage | 19.99% | 19.99% | 19.99% | |||||||||||||||
Preferred stock, convertible, conversion price (in Dollars per share) | $ 35.38 | $ 35.38 | $ 35.38 | |||||||||||||||
Preferred stock, shares outstanding | 0 | 0 | 0 | |||||||||||||||
Series 8 Convertible Preferred Stock [Member] | Registered Direct Offering [Member] | ||||||||||||||||||
Preferred Stock (Details) [Line Items] | ||||||||||||||||||
Preferred stock, shares authorized | 53,197.7234 | 53,197.7234 | 53,197.7234 | |||||||||||||||
Preferred stock, par value (in Dollars per share) | $ 0.001 | $ 0.001 | $ 0.001 | |||||||||||||||
Number of common shares sold under offering | 1,503,726 | 1,503,726 | ||||||||||||||||
Subscription price (in Dollars per share) | $ 940 | $ 940 | $ 940 | |||||||||||||||
Original issue discount | 6% | 6% | 6% | |||||||||||||||
Aggregate subscription value (in Dollars) | $ 50,000,000 | $ 50,000,000 | $ 50,000,000 | |||||||||||||||
Warrant [Member] | Registered Direct Offering [Member] | ||||||||||||||||||
Preferred Stock (Details) [Line Items] | ||||||||||||||||||
Number of common shares sold under offering | 626,667 | |||||||||||||||||
Preferred Stock [Member] | Series 8 Convertible Preferred Stock [Member] | ||||||||||||||||||
Preferred Stock (Details) [Line Items] | ||||||||||||||||||
Preferred stock, shares authorized | 53,197.7234 | 53,197.7234 | 53,197.7234 | |||||||||||||||
Mezzanine equity, convertible preferred shares, stated value per share (in Dollars per share) | $ 1,000 | $ 1,000 | $ 1,000 |
Authorized Share Increase and_2
Authorized Share Increase and Reverse Stock Split (Details) | Nov. 29, 2022 shares |
Minimum [Member] | |
Authorized Share Increase and Reverse Stock Split (Details) [Line Items] | |
Common stock, shares authorized | 26,666,667 |
Maximum [Member] | |
Authorized Share Increase and Reverse Stock Split (Details) [Line Items] | |
Common stock, shares authorized | 500,000,000 |
Stock Award Plans and Stock-B_3
Stock Award Plans and Stock-Based Compensation (Details) - USD ($) | 1 Months Ended | 3 Months Ended | 6 Months Ended | 12 Months Ended | ||||||||||
Feb. 19, 2022 | Dec. 23, 2021 | Aug. 21, 2021 | Jun. 10, 2021 | Apr. 23, 2021 | Feb. 19, 2021 | Feb. 05, 2021 | Feb. 19, 2022 | Jun. 30, 2023 | Jun. 30, 2022 | Jun. 30, 2023 | Jun. 30, 2022 | Dec. 31, 2022 | Dec. 31, 2021 | |
Stock Award Plans and Stock-Based Compensation (Details) [Line Items] | ||||||||||||||
Exercise price limit (percent) | 100% | 100% | 100% | |||||||||||
Exercise price limit for individuals owning over ten percent (percent) | 110% | 110% | 110% | |||||||||||
Future grant | 52,381,440 | 52,381,440 | 48,605,503 | |||||||||||
Granted | 150,000,000 | 132,669,000 | 190,476,000 | |||||||||||
Vesting period | 6 years | 36 years | 48 years | |||||||||||
Option grant life | 10 years | 10 years | ||||||||||||
Price per share grant (in Dollars per share) | $ 39.74 | $ 71.25 | ||||||||||||
Share-based payment charges (in Dollars) | $ 3,700,000 | $ 10,900,000 | ||||||||||||
Amortization of employee stock option discontinued operations (in Dollars) | 1,300,000 | 900,000 | ||||||||||||
Fair value of non-vested options (in Dollars) | $ 2,300,000 | |||||||||||||
Weighted average remaining term | 1 year 1 month 13 days | |||||||||||||
Granted (in Dollars) | ||||||||||||||
Granted | ||||||||||||||
Awards forfeited in period | 9,273 | |||||||||||||
Share-Based Compensation Arrangement by Share-Based Payment Award, Award Requisite Service Period | 6 years | |||||||||||||
Vesting pro rata period | 2 years | |||||||||||||
Amortization of vested restricted stock awards discontinued operations (in Dollars) | $ 400,000 | $ 3,300,000 | ||||||||||||
Options [Member] | ||||||||||||||
Stock Award Plans and Stock-Based Compensation (Details) [Line Items] | ||||||||||||||
Vesting period | 4 years | |||||||||||||
Share-based compensation arrangement by share-based payment award, expiration period | 10 years | |||||||||||||
Two Thousand Eighteen Plan [Member] | ||||||||||||||
Stock Award Plans and Stock-Based Compensation (Details) [Line Items] | ||||||||||||||
2018 Plan aggregate number of options authorized | 52,714,178 | 52,714,178 | 49,000,000 | |||||||||||
Stock option grants during period | 289,818 | 394,555 | ||||||||||||
Granted | 132,669,000 | 190,476,000 | ||||||||||||
Stock options fair value (in Dollars) | $ 1,800,000 | $ 4,600,000 | ||||||||||||
Granted | ||||||||||||||
Awards forfeited in period | 9,273 | |||||||||||||
Two Thousand Eighteen Plan [Member] | Common Stock [Member] | ||||||||||||||
Stock Award Plans and Stock-Based Compensation (Details) [Line Items] | ||||||||||||||
Granted | 132,669 | |||||||||||||
Non Plan [Member] | ||||||||||||||
Stock Award Plans and Stock-Based Compensation (Details) [Line Items] | ||||||||||||||
Non plan stock options granted | 1 | 1 | 1 | |||||||||||
Granted | ||||||||||||||
Granted | ||||||||||||||
Awards forfeited in period | ||||||||||||||
2011 Plan [Member] | ||||||||||||||
Stock Award Plans and Stock-Based Compensation (Details) [Line Items] | ||||||||||||||
Stock option grants during period | 47 | 57 | ||||||||||||
Granted | ||||||||||||||
Granted | ||||||||||||||
Awards forfeited in period | ||||||||||||||
Two Thousand Eighteen Plan [Member] | ||||||||||||||
Stock Award Plans and Stock-Based Compensation (Details) [Line Items] | ||||||||||||||
Granted | 190,476 | |||||||||||||
Minimum [Member] | Two Thousand Eighteen Plan [Member] | ||||||||||||||
Stock Award Plans and Stock-Based Compensation (Details) [Line Items] | ||||||||||||||
Stock option exercise price (in Dollars per share) | $ 39.74 | $ 51.75 | ||||||||||||
Maximum [Member] | Two Thousand Eighteen Plan [Member] | ||||||||||||||
Stock Award Plans and Stock-Based Compensation (Details) [Line Items] | ||||||||||||||
Stock option exercise price (in Dollars per share) | $ 137.25 | |||||||||||||
Employee Stock [Member] | ||||||||||||||
Stock Award Plans and Stock-Based Compensation (Details) [Line Items] | ||||||||||||||
Granted | ||||||||||||||
Share-based payment charges (in Dollars) | $ 200,000 | $ 700,000 | $ 500,000 | $ 1,600,000 | ||||||||||
Fair value of non-vested options (in Dollars) | 1,500,000 | $ 1,500,000 | ||||||||||||
Weighted average remaining term | 11 months 26 days | |||||||||||||
Options [Member] | ||||||||||||||
Stock Award Plans and Stock-Based Compensation (Details) [Line Items] | ||||||||||||||
Common shares issued for warrants | 6 | 67 | ||||||||||||
Warrants exercised for common shares | 82 | 195 | ||||||||||||
Share-based payment charges (in Dollars) | $ 2,900,000 | $ 2,300,000 | ||||||||||||
Options [Member] | Two Thousand Eighteen Plan [Member] | ||||||||||||||
Stock Award Plans and Stock-Based Compensation (Details) [Line Items] | ||||||||||||||
Percentage of option vested | 100% | 100% | ||||||||||||
Granted (in Dollars) | $ 0 | |||||||||||||
Options [Member] | Share-Based Payment Arrangement, Tranche One [Member] | Two Thousand Eighteen Plan [Member] | ||||||||||||||
Stock Award Plans and Stock-Based Compensation (Details) [Line Items] | ||||||||||||||
Vesting period | 12 months | 24 months | ||||||||||||
Options [Member] | Share-Based Payment Arrangement, Tranche Two [Member] | Two Thousand Eighteen Plan [Member] | ||||||||||||||
Stock Award Plans and Stock-Based Compensation (Details) [Line Items] | ||||||||||||||
Vesting period | 24 months | 36 months | ||||||||||||
Restricted Stock Awards [Member] | ||||||||||||||
Stock Award Plans and Stock-Based Compensation (Details) [Line Items] | ||||||||||||||
Share-based payment charges (in Dollars) | $ 10,000 | $ 40,000 | $ 30,000 | $ 700,000 | $ 800,000 | $ 8,600,000 | ||||||||
Granted | 4,598 | 70,000 | ||||||||||||
Awards forfeited in period | 12,802 | 2,037 | 4,500 | 12,291 | 12,802 | |||||||||
Restricted Stock Awards [Member] | Share-Based Payment Arrangement, Tranche One [Member] | ||||||||||||||
Stock Award Plans and Stock-Based Compensation (Details) [Line Items] | ||||||||||||||
Award vesting rights, percentage | 50% | 25% | ||||||||||||
Restricted Stock Awards [Member] | Share-Based Payment Arrangement, Tranche Two [Member] | ||||||||||||||
Stock Award Plans and Stock-Based Compensation (Details) [Line Items] | ||||||||||||||
Award vesting rights, percentage | 50% | 50% | ||||||||||||
Two Thousand Eighteen Plan [Member] | Employee Stock [Member] | ||||||||||||||
Stock Award Plans and Stock-Based Compensation (Details) [Line Items] | ||||||||||||||
Granted | 0% |
Stock Award Plans and Stock-B_4
Stock Award Plans and Stock-Based Compensation (Details) - Schedule of Fair Value of Each Employee Option Grant is Estimated on the date of the Grant Using the Black-Scholes Option-Pricing Model - USD ($) | 12 Months Ended | |
Dec. 31, 2022 | Dec. 31, 2021 | |
Stock Award Plans and Stock-Based Compensation (Details) - Schedule of Fair Value of Each Employee Option Grant is Estimated on the date of the Grant Using the Black-Scholes Option-Pricing Model [Line Items] | ||
Expected life of option grants | 5 years | 5 years |
Dividends assumption (in Dollars) | ||
Minimum [Member] | ||
Stock Award Plans and Stock-Based Compensation (Details) - Schedule of Fair Value of Each Employee Option Grant is Estimated on the date of the Grant Using the Black-Scholes Option-Pricing Model [Line Items] | ||
Risk-free interest rate | 1.50% | 0.59% |
Expected volatility of underlying stock | 37.24% | 37.21% |
Maximum [Member] | ||
Stock Award Plans and Stock-Based Compensation (Details) - Schedule of Fair Value of Each Employee Option Grant is Estimated on the date of the Grant Using the Black-Scholes Option-Pricing Model [Line Items] | ||
Risk-free interest rate | 1.76% | 1.26% |
Expected volatility of underlying stock | 37.45% | 38.15% |
Stock Award Plans and Stock-B_5
Stock Award Plans and Stock-Based Compensation (Details) - Schedule of Stock Options Granted - $ / shares | 6 Months Ended | 12 Months Ended | |
Jun. 30, 2023 | Dec. 31, 2022 | Dec. 31, 2021 | |
Stock Award Plans and Stock-Based Compensation (Details) - Schedule of Stock Options Granted [Line Items] | |||
Outstanding, Beginning balance | 351,587,000 | 252,006,000 | 72,763,000 |
Weighted Average Exercise Price, Outstanding Beginning balance (in Dollars per share) | $ 17,016.13 | $ 28,358.3 | $ 1,782 |
Aggregate Intrinsic Value Outstanding, Beginning balance (in Dollars per share) | |||
Granted Plan | 150,000,000 | 132,669,000 | 190,476,000 |
Weighted Average Exercise Price Granted (in Dollars per share) | $ 39.74 | $ 71.25 | |
Aggregate Intrinsic Value Granted (in Dollars per share) | |||
Exercisable at December 31, 2022 | 153,846,260 | 234,834,000 | |
Weighted Average Exercise Price, Exercisable at December 31, 2022 (in Dollars per share) | $ 25,446.1 | ||
Aggregate Intrinsic Value Exercisable at December 31, 2022 (in Dollars per share) | |||
Exercised | (277,000) | ||
Weighted Average Exercise Price, Exercised (in Dollars per share) | $ 82.5 | ||
Aggregate Intrinsic Value Exercised (in Dollars per share) | |||
Expired | (52,496) | (14,467,000) | (3,074,000) |
Weighted Average Exercise Price, Expired (in Dollars per share) | $ 80,713.98 | $ 6,980.25 | |
Expired (in Dollars per share) | |||
Forfeitures | (1,224) | (18,621,000) | (7,882,000) |
Weighted Average Exercise Price,Forfeitures (in Dollars per share) | $ 74.97 | $ 101.25 | |
Aggregate Intrinsic Value Outstanding, Aggregate Intrinsic Value Forfeitures (in Dollars per share) | |||
Outstanding, Ending Balance | 351,587,000 | 252,006,000 | |
Weighted Average Exercise Price, Outstanding, Ending Balance (in Dollars per share) | $ 17,016.13 | $ 28,358.3 | |
Aggregate Intrinsic Value Outstanding, Outstanding, Ending Balance (in Dollars per share) | |||
Two Thousand Eleven Plan [Member] | |||
Stock Award Plans and Stock-Based Compensation (Details) - Schedule of Stock Options Granted [Line Items] | |||
Outstanding, Beginning balance | 57,000 | 73,000 | 96,000 |
Granted Plan | |||
Exercisable at December 31, 2022 | 57,000 | ||
Exercised | |||
Expired | (10) | (16,000) | (23,000) |
Forfeitures | |||
Outstanding, Ending Balance | 57,000 | 73,000 | |
Two Thousand Eighteen Plan [Member] | |||
Stock Award Plans and Stock-Based Compensation (Details) - Schedule of Stock Options Granted [Line Items] | |||
Outstanding, Beginning balance | 351,529,000 | 251,932,000 | 72,666,000 |
Granted Plan | 132,669,000 | 190,476,000 | |
Exercisable at December 31, 2022 | 234,776,000 | ||
Exercised | (277,000) | ||
Expired | (52,486) | (14,451,000) | (3,051,000) |
Forfeitures | (18,621,000) | (7,882,000) | |
Outstanding, Ending Balance | 351,529,000 | 251,932,000 | |
Non Award Plan [Member] | |||
Stock Award Plans and Stock-Based Compensation (Details) - Schedule of Stock Options Granted [Line Items] | |||
Outstanding, Beginning balance | 1,000 | 1,000 | 1,000 |
Granted Plan | |||
Exercisable at December 31, 2022 | 1,000 | ||
Exercised | |||
Expired | |||
Forfeitures | |||
Outstanding, Ending Balance | 1,000 | 1,000 |
Stock Award Plans and Stock-B_6
Stock Award Plans and Stock-Based Compensation (Details) - Schedule of Restricted Stock-Based Award Activity Granted - $ / shares | 12 Months Ended | |
Dec. 31, 2022 | Dec. 31, 2021 | |
Number of Shares [Member] | ||
Stock Award Plans and Stock-Based Compensation (Details) - Schedule of Restricted Stock-Based Award Activity Granted [Line Items] | ||
Balance | 55,770 | |
Granted | 74,598 | |
Forfeited | (12,802) | (18,827) |
Balance | 42,968 | 55,770 |
Weighted Average Grant Date Fair Value [Member] | ||
Stock Award Plans and Stock-Based Compensation (Details) - Schedule of Restricted Stock-Based Award Activity Granted [Line Items] | ||
Balance | $ 135 | |
Granted | 134.25 | |
Forfeited | 137.25 | 132 |
Balance | $ 134.26 | $ 135 |
Warrants (Details)
Warrants (Details) - USD ($) | 1 Months Ended | 3 Months Ended | 6 Months Ended | 12 Months Ended | |||||||||||||||||||||||||||||||
May 17, 2023 | May 15, 2023 | Feb. 28, 2023 | Oct. 17, 2022 | Oct. 12, 2022 | Mar. 31, 2022 | Mar. 22, 2022 | Mar. 22, 2022 | Jan. 28, 2022 | Sep. 15, 2021 | Sep. 13, 2021 | Sep. 13, 2021 | Feb. 12, 2021 | Feb. 11, 2021 | Oct. 18, 2022 | Mar. 22, 2022 | Jan. 28, 2022 | Feb. 16, 2021 | Jan. 24, 2021 | Jun. 30, 2023 | Mar. 31, 2023 | Dec. 31, 2022 | Sep. 30, 2022 | Jun. 30, 2022 | Mar. 31, 2022 | Sep. 30, 2021 | Mar. 31, 2021 | Jun. 30, 2023 | Jun. 30, 2022 | Dec. 31, 2022 | Dec. 31, 2021 | Jul. 01, 2023 | Oct. 31, 2022 | Mar. 15, 2022 | Jun. 30, 2021 | |
Warrants (Details) [Line Items] | |||||||||||||||||||||||||||||||||||
Common stock, par value (in Dollars per share) | $ 4.78 | $ 0.001 | $ 0.001 | $ 0.001 | $ 0.001 | $ 0.001 | $ 0.001 | ||||||||||||||||||||||||||||
Exercise price of warrants (in Dollars per share) | $ 6,400,000 | $ 6,400,000 | $ 2,300,000 | ||||||||||||||||||||||||||||||||
Warrant and rights outstanding, term | 5 years | ||||||||||||||||||||||||||||||||||
Number of shares sold under offering | 40,000 | ||||||||||||||||||||||||||||||||||
Number of securities called by warrants or rights (in shares) | 657,402 | 657,402 | |||||||||||||||||||||||||||||||||
Warrants exercised (in shares) | 184,153 | 184,153 | |||||||||||||||||||||||||||||||||
Assumptions, fair value of existing warrants per share (in Dollars per share) | $ 12 | $ 12 | |||||||||||||||||||||||||||||||||
Warrants forfeited | 394,000 | 394,000 | |||||||||||||||||||||||||||||||||
Warrants outstanding | 232,675 | 232,675 | 232,675 | 232,675 | |||||||||||||||||||||||||||||||
Preferred stock, par value (in Dollars per share) | $ 0.001 | $ 0.001 | $ 0.001 | $ 0.001 | $ 0.001 | ||||||||||||||||||||||||||||||
Common shares issued for extinguishment of debt | 83,682 | 1,547,234 | 111,585 | 35,062 | 57,472 | 11,696 | 11,919 | ||||||||||||||||||||||||||||
Net proceeds from the issuance of warrants (in Dollars) | $ 1,409,000 | ||||||||||||||||||||||||||||||||||
Net proceeds from issuance of preferred stock (in Dollars) | $ 50,600,000 | 46,906,000 | $ 46,906,000 | $ 50,585,000 | |||||||||||||||||||||||||||||||
Gain on fair value of warrant liability (in Dollars) | 71,000 | ||||||||||||||||||||||||||||||||||
Warrant [Member] | |||||||||||||||||||||||||||||||||||
Warrants (Details) [Line Items] | |||||||||||||||||||||||||||||||||||
Warrants to purchase shares of common stock after adjustment (in shares) | 200,000 | 2,310,990 | |||||||||||||||||||||||||||||||||
Exercise price of warrants (in Dollars per share) | $ 0.001 | ||||||||||||||||||||||||||||||||||
Warrants exercised for common shares | 930,990 | ||||||||||||||||||||||||||||||||||
Number of shares sold under offering | 3,846,153 | ||||||||||||||||||||||||||||||||||
Percent of warrants forfeited upon redemption | 75% | 75% | |||||||||||||||||||||||||||||||||
Common Stock [Member] | |||||||||||||||||||||||||||||||||||
Warrants (Details) [Line Items] | |||||||||||||||||||||||||||||||||||
Shares issued for cash / offering | 52,513 | ||||||||||||||||||||||||||||||||||
Common shares issued for extinguishment of debt | 7,349,420 | 1,547,234 | 57,472 | 287,802 | 23,615 | ||||||||||||||||||||||||||||||
Purchase Warrants [Member] | Warrant [Member] | |||||||||||||||||||||||||||||||||||
Warrants (Details) [Line Items] | |||||||||||||||||||||||||||||||||||
Offering price (in Dollars per share) | $ 150 | $ 5.85 | $ 150.75 | $ 116.25 | |||||||||||||||||||||||||||||||
Exercise price of warrants (in Dollars per share) | $ 150 | 5.85 | $ 150.75 | $ 116.25 | |||||||||||||||||||||||||||||||
Pre-Funded Warrants [Member] | |||||||||||||||||||||||||||||||||||
Warrants (Details) [Line Items] | |||||||||||||||||||||||||||||||||||
Shares issued for cash / offering | 930,990 | ||||||||||||||||||||||||||||||||||
Pre-Funded Warrants [Member] | Warrant [Member] | |||||||||||||||||||||||||||||||||||
Warrants (Details) [Line Items] | |||||||||||||||||||||||||||||||||||
Exercise price of warrants (in Dollars per share) | $ 0.001 | $ 0.001 | $ 0.001 | ||||||||||||||||||||||||||||||||
Warrants exercised for common shares | 930,990 | 930,990 | 930,990 | ||||||||||||||||||||||||||||||||
February 2021 Pre-Funded Warrants [Member] | Warrant [Member] | |||||||||||||||||||||||||||||||||||
Warrants (Details) [Line Items] | |||||||||||||||||||||||||||||||||||
Warrants exercised for common shares | 106,667 | ||||||||||||||||||||||||||||||||||
Warrant [Member] | |||||||||||||||||||||||||||||||||||
Warrants (Details) [Line Items] | |||||||||||||||||||||||||||||||||||
Warrants to purchase shares of common stock after adjustment (in shares) | 132,670 | ||||||||||||||||||||||||||||||||||
Second February 2021 Pre-Funded Warrants [Member] | |||||||||||||||||||||||||||||||||||
Warrants (Details) [Line Items] | |||||||||||||||||||||||||||||||||||
Shares issued for cash / offering | 92,670 | ||||||||||||||||||||||||||||||||||
Second February 2021 Pre-Funded Warrants [Member] | Warrant [Member] | |||||||||||||||||||||||||||||||||||
Warrants (Details) [Line Items] | |||||||||||||||||||||||||||||||||||
Exercise price of warrants (in Dollars per share) | $ 0.08 | ||||||||||||||||||||||||||||||||||
Warrants exercised for common shares | 92,670 | ||||||||||||||||||||||||||||||||||
Existing Warrants [Member] | |||||||||||||||||||||||||||||||||||
Warrants (Details) [Line Items] | |||||||||||||||||||||||||||||||||||
Number of securities called by warrants or rights (in shares) | 52,513 | 52,513 | |||||||||||||||||||||||||||||||||
February 2023 Warrant Amendment [Member] | |||||||||||||||||||||||||||||||||||
Warrants (Details) [Line Items] | |||||||||||||||||||||||||||||||||||
Shares issued for cash / offering | 324,918 | ||||||||||||||||||||||||||||||||||
Exercisable warrants per common share | 0.33 | ||||||||||||||||||||||||||||||||||
Warrants not settleable in cash, fair value disclosure (in Dollars) | $ 600,000 | ||||||||||||||||||||||||||||||||||
September 2021 Warrants [Member] | |||||||||||||||||||||||||||||||||||
Warrants (Details) [Line Items] | |||||||||||||||||||||||||||||||||||
Shares issued for cash / offering | 76,794 | 324,918 | |||||||||||||||||||||||||||||||||
Common shares issued for extinguishment of debt | 232,675 | ||||||||||||||||||||||||||||||||||
March 2022 Warrants [Member] | |||||||||||||||||||||||||||||||||||
Warrants (Details) [Line Items] | |||||||||||||||||||||||||||||||||||
Shares issued for cash / offering | 248,124 | 324,918 | |||||||||||||||||||||||||||||||||
Common shares issued for extinguishment of debt | 751,867 | ||||||||||||||||||||||||||||||||||
May 2023 Warrant Issuance [Member] | |||||||||||||||||||||||||||||||||||
Warrants (Details) [Line Items] | |||||||||||||||||||||||||||||||||||
Warrants to purchase shares of common stock after adjustment (in shares) | 150,000,000 | ||||||||||||||||||||||||||||||||||
Registered Direct Offering [Member] | |||||||||||||||||||||||||||||||||||
Warrants (Details) [Line Items] | |||||||||||||||||||||||||||||||||||
Shares issued for cash / offering | 93,334 | 40,000 | 77,334 | 210,668 | |||||||||||||||||||||||||||||||
Offering price (in Dollars per share) | $ 5.849 | ||||||||||||||||||||||||||||||||||
Number of shares sold under offering | 253,112 | ||||||||||||||||||||||||||||||||||
Subscription price (in Dollars per share) | $ 920 | $ 920 | |||||||||||||||||||||||||||||||||
Original issuance discount percentage | 8% | 8% | |||||||||||||||||||||||||||||||||
Aggregate subscription value (in Dollars) | $ 54,100,000 | $ 54,100,000 | |||||||||||||||||||||||||||||||||
Number of securities called by warrants or rights (in shares) | 3,846,153 | ||||||||||||||||||||||||||||||||||
Registered Direct Offering [Member] | Warrant [Member] | |||||||||||||||||||||||||||||||||||
Warrants (Details) [Line Items] | |||||||||||||||||||||||||||||||||||
Shares issued for cash / offering | 93,334 | 253,112 | 40,000 | 77,334 | |||||||||||||||||||||||||||||||
Common stock, par value (in Dollars per share) | $ 0.001 | $ 0.001 | |||||||||||||||||||||||||||||||||
Warrants to purchase shares of common stock after adjustment (in shares) | 258,065 | ||||||||||||||||||||||||||||||||||
Exercise price of warrants (in Dollars per share) | $ 0.001 | $ 0.001 | |||||||||||||||||||||||||||||||||
Number of shares sold under offering | 626,667 | ||||||||||||||||||||||||||||||||||
Registered Direct Offering [Member] | Purchase Warrants [Member] | Warrant [Member] | |||||||||||||||||||||||||||||||||||
Warrants (Details) [Line Items] | |||||||||||||||||||||||||||||||||||
Offering price (in Dollars per share) | $ 116.25 | ||||||||||||||||||||||||||||||||||
Exercise price of warrants (in Dollars per share) | $ 116.25 | ||||||||||||||||||||||||||||||||||
Registered Direct Offering [Member] | January 2021 Pre-Funded Warrants [Member] | Warrant [Member] | |||||||||||||||||||||||||||||||||||
Warrants (Details) [Line Items] | |||||||||||||||||||||||||||||||||||
Exercise price of warrants (in Dollars per share) | $ 0.001 | ||||||||||||||||||||||||||||||||||
Registered Direct Offering [Member] | Pre-Funded Warrants [Member] | |||||||||||||||||||||||||||||||||||
Warrants (Details) [Line Items] | |||||||||||||||||||||||||||||||||||
Shares issued for cash / offering | 1,380,000 | ||||||||||||||||||||||||||||||||||
Registered Direct Offering [Member] | Pre-Funded Warrants [Member] | Warrant [Member] | |||||||||||||||||||||||||||||||||||
Warrants (Details) [Line Items] | |||||||||||||||||||||||||||||||||||
Warrants exercised for common shares | 1,380,000 | ||||||||||||||||||||||||||||||||||
Registered Direct Offering [Member] | February 2021 Pre-Funded Warrants [Member] | |||||||||||||||||||||||||||||||||||
Warrants (Details) [Line Items] | |||||||||||||||||||||||||||||||||||
Warrants to purchase shares of common stock after adjustment (in shares) | 106,667 | ||||||||||||||||||||||||||||||||||
Offering price (in Dollars per share) | $ 149.93 | ||||||||||||||||||||||||||||||||||
Registered Direct Offering [Member] | February 2021 Pre-Funded Warrants [Member] | Warrant [Member] | |||||||||||||||||||||||||||||||||||
Warrants (Details) [Line Items] | |||||||||||||||||||||||||||||||||||
Exercise price of warrants (in Dollars per share) | $ 0.08 | ||||||||||||||||||||||||||||||||||
Registered Direct Offering [Member] | Warrant [Member] | |||||||||||||||||||||||||||||||||||
Warrants (Details) [Line Items] | |||||||||||||||||||||||||||||||||||
Number of shares sold under offering | 626,667 | ||||||||||||||||||||||||||||||||||
Registered Direct Offering [Member] | Second February 2021 Pre-Funded Warrants [Member] | |||||||||||||||||||||||||||||||||||
Warrants (Details) [Line Items] | |||||||||||||||||||||||||||||||||||
Warrants to purchase shares of common stock after adjustment (in shares) | 92,670 | ||||||||||||||||||||||||||||||||||
Offering price (in Dollars per share) | $ 150.68 | ||||||||||||||||||||||||||||||||||
Exercise price of warrants (in Dollars per share) | $ 0.08 | ||||||||||||||||||||||||||||||||||
Securities Purchase Agreement [Member] | Common Stock [Member] | |||||||||||||||||||||||||||||||||||
Warrants (Details) [Line Items] | |||||||||||||||||||||||||||||||||||
Number of shares sold under offering | 253,112 | ||||||||||||||||||||||||||||||||||
Securities Purchase Agreement [Member] | January 2021 Pre-Funded Warrants [Member] | |||||||||||||||||||||||||||||||||||
Warrants (Details) [Line Items] | |||||||||||||||||||||||||||||||||||
Warrants to purchase shares of common stock after adjustment (in shares) | 180,732 | ||||||||||||||||||||||||||||||||||
Offering price (in Dollars per share) | $ 116.18 | ||||||||||||||||||||||||||||||||||
Exercisable warrants per common share | 1 | ||||||||||||||||||||||||||||||||||
Securities Purchase Agreement [Member] | January 2021 Pre-Funded Warrants [Member] | Warrant [Member] | |||||||||||||||||||||||||||||||||||
Warrants (Details) [Line Items] | |||||||||||||||||||||||||||||||||||
Exercise price of warrants (in Dollars per share) | $ 0.08 | ||||||||||||||||||||||||||||||||||
Securities Purchase Agreement [Member] | Pre-Funded Warrants [Member] | |||||||||||||||||||||||||||||||||||
Warrants (Details) [Line Items] | |||||||||||||||||||||||||||||||||||
Shares issued for cash / offering | 180,732 | ||||||||||||||||||||||||||||||||||
Securities Purchase Agreement [Member] | Pre-Funded Warrants [Member] | Warrant [Member] | |||||||||||||||||||||||||||||||||||
Warrants (Details) [Line Items] | |||||||||||||||||||||||||||||||||||
Exercise price of warrants (in Dollars per share) | $ 0.08 | ||||||||||||||||||||||||||||||||||
Warrants exercised for common shares | 180,732 | ||||||||||||||||||||||||||||||||||
Securities Purchase Agreement [Member] | February 2021 Pre-Funded Warrants [Member] | Warrant [Member] | |||||||||||||||||||||||||||||||||||
Warrants (Details) [Line Items] | |||||||||||||||||||||||||||||||||||
Exercise price of warrants (in Dollars per share) | $ 0.08 | ||||||||||||||||||||||||||||||||||
Warrants exercised for common shares | 106,667 | ||||||||||||||||||||||||||||||||||
Warrant Purchase Agreement [Member] | May 2023 Warrant Issuance [Member] | |||||||||||||||||||||||||||||||||||
Warrants (Details) [Line Items] | |||||||||||||||||||||||||||||||||||
Exercise price of warrants (in Dollars per share) | $ 1 | ||||||||||||||||||||||||||||||||||
Warrant and rights outstanding, term | 1 year | ||||||||||||||||||||||||||||||||||
Percent of lowest VWAP of common stock (as a percent) | 90% | ||||||||||||||||||||||||||||||||||
Percent of lowest VWAP of common stock (as a percent) | 5 days | ||||||||||||||||||||||||||||||||||
Minimum percent higher than prior trading day | 10% | ||||||||||||||||||||||||||||||||||
Maximum percentage ownership of purchaser | 9.99% | ||||||||||||||||||||||||||||||||||
Warrant Purchase Agreement [Member] | May 2023 Warrant Issuance [Member] | Warrant [Member] | |||||||||||||||||||||||||||||||||||
Warrants (Details) [Line Items] | |||||||||||||||||||||||||||||||||||
Warrants to purchase shares of common stock after adjustment (in shares) | 150,000,000 | ||||||||||||||||||||||||||||||||||
Exercise price of warrants (in Dollars per share) | $ 0.01 | ||||||||||||||||||||||||||||||||||
Exercisable warrants per common share | 1 | ||||||||||||||||||||||||||||||||||
Net proceeds from the issuance of warrants (in Dollars) | $ 1,500,000 | 1,500,000 | |||||||||||||||||||||||||||||||||
Proceeds from the issuance of warrants (in Dollars) | $ 1,400,000 | ||||||||||||||||||||||||||||||||||
Net proceeds from issuance of preferred stock (in Dollars) | 1,480,000 | ||||||||||||||||||||||||||||||||||
Interest costs (in Dollars) | $ 20,000 | $ 20,000 | |||||||||||||||||||||||||||||||||
Warrant Purchase Agreement [Member] | May 2023 Warrant Issuance [Member] | Maximum [Member] | Warrant [Member] | |||||||||||||||||||||||||||||||||||
Warrants (Details) [Line Items] | |||||||||||||||||||||||||||||||||||
Exercise price of warrants (in Dollars per share) | $ 0.26 | ||||||||||||||||||||||||||||||||||
Warrant Purchase Agreement [Member] | May 2023 Warrant Issuance [Member] | Minimum [Member] | Warrant [Member] | |||||||||||||||||||||||||||||||||||
Warrants (Details) [Line Items] | |||||||||||||||||||||||||||||||||||
Exercise price of warrants (in Dollars per share) | $ 0.1 | ||||||||||||||||||||||||||||||||||
Series 7 Convertible Preferred Stock [Member] | |||||||||||||||||||||||||||||||||||
Warrants (Details) [Line Items] | |||||||||||||||||||||||||||||||||||
Exercise price of warrants (in Dollars per share) | $ 0.001 | $ 0.001 | |||||||||||||||||||||||||||||||||
Series 7 Preferred redeemed for cash | 49,250 | 49,250 | 49,250 | ||||||||||||||||||||||||||||||||
Preferred shares redeemed, cash consideration (in Dollars) | $ 49,300,000 | $ 49,300,000 | $ 49,300,000 | $ 49,300,000 | $ 49,300,000 | ||||||||||||||||||||||||||||||
Net proceeds from issuance of preferred stock (in Dollars) | $ 50,600,000 | ||||||||||||||||||||||||||||||||||
Series 7 Convertible Preferred Stock [Member] | Warrant [Member] | |||||||||||||||||||||||||||||||||||
Warrants (Details) [Line Items] | |||||||||||||||||||||||||||||||||||
Percent of warrants forfeited upon redemption | 75% | 75% | 75% | 75% | |||||||||||||||||||||||||||||||
Series 7 Convertible Preferred Stock [Member] | Registered Direct Offering [Member] | |||||||||||||||||||||||||||||||||||
Warrants (Details) [Line Items] | |||||||||||||||||||||||||||||||||||
Number of shares sold under offering | 58,750 | ||||||||||||||||||||||||||||||||||
Aggregate subscription value (in Dollars) | $ 54,100,000 | $ 54,100,000 | |||||||||||||||||||||||||||||||||
Series 7 Convertible Preferred Stock [Member] | Registered Direct Offering [Member] | Warrant [Member] | |||||||||||||||||||||||||||||||||||
Warrants (Details) [Line Items] | |||||||||||||||||||||||||||||||||||
Number of shares sold under offering | 626,667 | ||||||||||||||||||||||||||||||||||
Common Stock [Member] | May 2023 Warrant Issuance [Member] | |||||||||||||||||||||||||||||||||||
Warrants (Details) [Line Items] | |||||||||||||||||||||||||||||||||||
Percent of lowest VWAP of common stock (as a percent) | 5 days | ||||||||||||||||||||||||||||||||||
Common Stock [Member] | Registered Direct Offering [Member] | |||||||||||||||||||||||||||||||||||
Warrants (Details) [Line Items] | |||||||||||||||||||||||||||||||||||
Number of shares sold under offering | 626,667 | ||||||||||||||||||||||||||||||||||
Common Stock [Member] | Warrant Purchase Agreement [Member] | May 2023 Warrant Issuance [Member] | |||||||||||||||||||||||||||||||||||
Warrants (Details) [Line Items] | |||||||||||||||||||||||||||||||||||
Percent of lowest VWAP of common stock (as a percent) | 5 years | ||||||||||||||||||||||||||||||||||
Series 8 Convertible Preferred Stock [Member] | |||||||||||||||||||||||||||||||||||
Warrants (Details) [Line Items] | |||||||||||||||||||||||||||||||||||
Number of shares sold under offering | 1,503,726 | 1,503,726 | |||||||||||||||||||||||||||||||||
Subscription price (in Dollars per share) | $ 940 | $ 940 | $ 940 | ||||||||||||||||||||||||||||||||
Original issuance discount percentage | 6% | 6% | 6% | ||||||||||||||||||||||||||||||||
Aggregate subscription value (in Dollars) | $ 50,000,000 | $ 50,000,000 | $ 50,000,000 | ||||||||||||||||||||||||||||||||
Series 7 Preferred redeemed for cash | 53,197.72 | 53,197.72 | |||||||||||||||||||||||||||||||||
Preferred shares redeemed, cash consideration (in Dollars) | $ 53,200,000 | $ 53,200,000 | |||||||||||||||||||||||||||||||||
Warrants forfeited | 751,841 | 751,841 | |||||||||||||||||||||||||||||||||
Preferred stock, shares authorized | 53,197.7234 | 53,197.7234 | 53,197.7234 | ||||||||||||||||||||||||||||||||
Preferred stock, par value (in Dollars per share) | $ 0.001 | $ 0.001 | $ 0.001 | ||||||||||||||||||||||||||||||||
Net proceeds from issuance of preferred stock (in Dollars) | $ 46,900,000 | $ 46,900,000 | $ 46,900,000 | ||||||||||||||||||||||||||||||||
Series 8 Convertible Preferred Stock [Member] | Warrant [Member] | |||||||||||||||||||||||||||||||||||
Warrants (Details) [Line Items] | |||||||||||||||||||||||||||||||||||
Percent of warrants forfeited upon redemption | 50% | 50% | 50% | ||||||||||||||||||||||||||||||||
Series 8 Convertible Preferred Stock [Member] | Registered Direct Offering [Member] | |||||||||||||||||||||||||||||||||||
Warrants (Details) [Line Items] | |||||||||||||||||||||||||||||||||||
Number of shares sold under offering | 1,503,726 | 1,503,726 | |||||||||||||||||||||||||||||||||
Subscription price (in Dollars per share) | $ 940 | $ 940 | $ 940 | ||||||||||||||||||||||||||||||||
Original issuance discount percentage | 6% | 6% | 6% | ||||||||||||||||||||||||||||||||
Aggregate subscription value (in Dollars) | $ 50,000,000 | $ 50,000,000 | $ 50,000,000 | ||||||||||||||||||||||||||||||||
Preferred stock, shares authorized | 53,197.7234 | 53,197.7234 | 53,197.7234 | ||||||||||||||||||||||||||||||||
Preferred stock, par value (in Dollars per share) | $ 0.001 | $ 0.001 | $ 0.001 | ||||||||||||||||||||||||||||||||
Warrant [Member] | Warrant Purchase Agreement [Member] | May 2023 Warrant Issuance [Member] | |||||||||||||||||||||||||||||||||||
Warrants (Details) [Line Items] | |||||||||||||||||||||||||||||||||||
Gain on fair value of warrant liability (in Dollars) | $ 71,250 | $ 71,250 | $ 71,250 |
Warrants (Details) - Schedule o
Warrants (Details) - Schedule of Changes in Warrants Outstanding - Warrant [Member] - USD ($) $ / shares in Units, $ in Thousands | 12 Months Ended | |
Dec. 31, 2022 | Dec. 31, 2021 | |
Class of Warrant or Right [Line Items] | ||
Number of Warrants, Beginning balance | 1,285,428 | 107,910 |
Weighted Average Exercise Price, Beginning balance | $ 147.75 | $ 502.5 |
Aggregate Intrinsic Value, Beginning balance | ||
Number of Warrants, Granted | 7,660,859 | 1,597,469 |
Weighted Average Exercise Price, Granted | $ 9.88 | $ 87 |
Aggregate Intrinsic Value, Granted | ||
Number of Warrants, Exercisable | 6,212,026 | 1,285,428 |
Weighted Average Exercise Price, Exercisable | $ 19.56 | $ 147.75 |
Aggregate Intrinsic Value, Exercisable | $ 1,530 | |
Number of Warrants, Exercised | (1,115,143) | (419,951) |
Weighted Average Exercise Price, Exercised | $ 150 | $ 9 |
Aggregate Intrinsic Value, Exercised | ||
Number of Warrants, Expired | (28) | |
Weighted Average Exercise Price, Expired | $ 2,082,857.14 | |
Aggregate Intrinsic Value, Expired | ||
Number of Warrants, Cancelled | (1,619,090) | |
Weighted Average Exercise Price, Cancelled | $ 75.45 | |
Aggregate Intrinsic Value, Cancelled | ||
Number of Warrants, Ending balance | 6,212,026 | 1,285,428 |
Weighted Average Exercise Price, Ending balance | $ 19.56 | $ 147.75 |
Aggregate Intrinsic Value, Ending balance | $ 1,530 |
Income Taxes (Details)
Income Taxes (Details) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | 12 Months Ended | |||
Jun. 30, 2023 | Jun. 30, 2022 | Jun. 30, 2023 | Jun. 30, 2022 | Dec. 31, 2022 | Dec. 31, 2021 | |
Income Taxes (Details) [Line Items] | ||||||
Net operating loss carryforwards | $ 45,600 | |||||
Deferred tax expense | 12,400 | $ 4,400 | ||||
Income tax expense | $ 7 | $ 22 | $ 2,485 | $ 22 | ||
Deferred tax expense to increase the valuation allowance | 2,600 | 7,888 | (2,591) | |||
Current income tax benefit | $ 100 | |||||
Domestic Tax Authority [Member] | ||||||
Income Taxes (Details) [Line Items] | ||||||
Net operating loss carryforwards | 46,500 | |||||
Domestic Tax Authority [Member] | Tax Year 2017 [Member] | ||||||
Income Taxes (Details) [Line Items] | ||||||
Net operating loss carryforwards | 1,500 | |||||
Airpatrol Merger Agreement [Member] | Foreign Tax Authority [Member] | Canada Revenue Agency [Member] | ||||||
Income Taxes (Details) [Line Items] | ||||||
Net operating loss carryforwards | 24,600 | 20,900 | ||||
Nanotron [Member] | Foreign Tax Authority [Member] | Federal Ministry of Finance, Germany [Member] | ||||||
Income Taxes (Details) [Line Items] | ||||||
Net operating loss carryforwards | 44,100 | 44,300 | ||||
IntraNav [Member] | Foreign Tax Authority [Member] | Federal Ministry of Finance, Germany [Member] | ||||||
Income Taxes (Details) [Line Items] | ||||||
Net operating loss carryforwards | 8,600 | 7,100 | ||||
Game Your Game [Member] | Foreign Tax Authority [Member] | Revenue Commissioners, Ireland [Member] | ||||||
Income Taxes (Details) [Line Items] | ||||||
Net operating loss carryforwards | 11,800 | $ 11,600 | ||||
Inpixon Philippines, Inc [Member] | Foreign Tax Authority [Member] | Revenue Commissioners, Ireland [Member] | ||||||
Income Taxes (Details) [Line Items] | ||||||
Net operating loss carryforwards | $ 100 |
Income Taxes (Details) - Schedu
Income Taxes (Details) - Schedule of Income Before Income Tax, Domestic and Foreign - USD ($) $ in Thousands | 12 Months Ended | |
Dec. 31, 2022 | Dec. 31, 2021 | |
Schedule of Income Before Income Tax Domestic and Foreign [Abstract] | ||
Domestic | $ (31,474) | $ (22,632) |
Foreign | (7,004) | (5,989) |
Net Loss, before tax, continuing operations | $ (38,478) | $ (28,621) |
Income Taxes (Details) - Sche_2
Income Taxes (Details) - Schedule of Components of Income Tax Expense (Benefit) - USD ($) $ in Thousands | 6 Months Ended | 12 Months Ended | |
Jun. 30, 2023 | Dec. 31, 2022 | Dec. 31, 2021 | |
Schedule of Components of Income Tax Expense Benefit [Abstract] | |||
Current | $ 33 | $ (5) | |
Deferred | (1,657) | (37) | |
Current | (268) | 5,815 | |
Deferred | (5,690) | ||
Current | 91 | 607 | |
Deferred | (646) | ||
Total amount | (8,137) | 6,380 | |
Change in valuation allowance | $ 2,600 | 7,888 | (2,591) |
Income Tax (Benefit)/Expense, continuing operations | $ (249) | $ 3,789 |
Income Taxes (Details) - Sche_3
Income Taxes (Details) - Schedule of Effective Income Tax Rate Reconciliation | 12 Months Ended | |
Dec. 31, 2022 | Dec. 31, 2021 | |
Schedule of Effective Income Tax Rate Reconciliation [Abstract] | ||
U.S. federal statutory rate | 21% | 21% |
State income taxes, net of federal benefit | 2% | 1.30% |
Incentive stock options | (0.20%) | (0.30%) |
162(m) Compensation Limit | (0.70%) | |
Goodwill impairment loss | (1.00%) | (2.80%) |
US-Foreign income tax rate difference | 1% | 1.60% |
Other permanent items | (0.30%) | (0.60%) |
Provision to return adjustments | 0.50% | (6.60%) |
Deferred only adjustment | (1.90%) | (10.50%) |
Change in valuation allowance | (20.50%) | (15.60%) |
Effective Rate | 0.60% | (13.20%) |
Income Taxes (Details) - Sche_4
Income Taxes (Details) - Schedule of Deferred Tax Assets and Liabilities - USD ($) $ in Thousands | Dec. 31, 2022 | Dec. 31, 2021 |
Schedule of Deferred Tax Assets and Liabilities [Abstract] | ||
Net operating loss carryovers | $ 39,642 | $ 35,033 |
Stock based compensation | 2,073 | 2,540 |
Research credits | 123 | 131 |
Accrued compensation | 87 | 96 |
Reserves | 306 | 345 |
Intangibles | 199 | |
Fixed assets | 356 | 393 |
Unrealized gain | 14,557 | 12,876 |
Capital Research | 1,587 | |
Other | 803 | 260 |
Total Deferred Tax Asset | 59,733 | 51,674 |
Less: valuation allowance | (57,255) | (46,071) |
Deferred Tax Asset, Net of Valuation Allowance | 2,478 | 5,603 |
Intangible assets | (1,878) | (4,613) |
Fixed assets | (149) | (239) |
Other | (448) | (381) |
Capitalized research | (370) | |
Total deferred tax liabilities | (2,475) | (5,603) |
Net Deferred Tax Asset (Liability) | $ 3 |
Credit Risk and Concentration_2
Credit Risk and Concentrations (Details) $ in Thousands | 3 Months Ended | 6 Months Ended | 12 Months Ended | ||||
Jun. 30, 2023 USD ($) | Jun. 30, 2022 USD ($) | Jun. 30, 2021 | Jun. 30, 2023 USD ($) | Jun. 30, 2022 USD ($) | Dec. 31, 2022 USD ($) | Dec. 31, 2021 USD ($) | |
Credit Risk and Concentrations (Details) [Line Items] | |||||||
Purchase from vendors amount (in Dollars) | $ 390 | $ 856 | $ 1,180 | $ 1,653 | |||
Number of reportable segments | 3 | 3 | 3 | ||||
Revuenue [Member] | Customer Concentration Risk [Member] | Other Customer [Member] | |||||||
Credit Risk and Concentrations (Details) [Line Items] | |||||||
Total accounts receivable percentage | 10% | 10% | |||||
Revuenue [Member] | Customer Concentration Risk [Member] | Customer Two [Member] | |||||||
Credit Risk and Concentrations (Details) [Line Items] | |||||||
Total accounts receivable percentage | 25% | 25% | |||||
Revuenue [Member] | Customer Concentration Risk [Member] | Customer One [Member] | |||||||
Credit Risk and Concentrations (Details) [Line Items] | |||||||
Total accounts receivable percentage | 13% | 13% | |||||
Accounts Receivable [Member] | Customer Concentration Risk [Member] | Customer Two [Member] | |||||||
Credit Risk and Concentrations (Details) [Line Items] | |||||||
Total accounts receivable percentage | 10% | 10% | |||||
Accounts Receivable [Member] | Customer Concentration Risk [Member] | Customer One [Member] | |||||||
Credit Risk and Concentrations (Details) [Line Items] | |||||||
Total accounts receivable percentage | 10% | ||||||
Accounts Receivable [Member] | Customer Concentration Risk [Member] | Two Customers [Member] | |||||||
Credit Risk and Concentrations (Details) [Line Items] | |||||||
Total accounts receivable percentage | 38% | 42% | |||||
Accounts Receivable From Continuing Operations [Member] | Customer Concentration Risk [Member] | Customer Two [Member] | |||||||
Credit Risk and Concentrations (Details) [Line Items] | |||||||
Total accounts receivable percentage | 11% | 15% | |||||
Accounts Receivable From Continuing Operations [Member] | Customer Concentration Risk [Member] | Customer One [Member] | |||||||
Credit Risk and Concentrations (Details) [Line Items] | |||||||
Total accounts receivable percentage | 16% | 19% | |||||
Accounts Receivable From Continuing Operations [Member] | Customer Concentration Risk [Member] | Customer Three [Member] | |||||||
Credit Risk and Concentrations (Details) [Line Items] | |||||||
Total accounts receivable percentage | 10% | ||||||
Accounts Payable From Continuing Operations [Member] | Supplier Concentration Risk [Member] | Vendor One [Member] | |||||||
Credit Risk and Concentrations (Details) [Line Items] | |||||||
Purchase from vendors amount (in Dollars) | $ 900 | ||||||
Chief Executive Officer [Member] | |||||||
Credit Risk and Concentrations (Details) [Line Items] | |||||||
Number of reportable segments | 1 | ||||||
Vendor One [Member] | Accounts Payable [Member] | Supplier Concentration Risk [Member] | |||||||
Credit Risk and Concentrations (Details) [Line Items] | |||||||
Total accounts receivable percentage | 17% | 33% | |||||
Purchase from vendors amount (in Dollars) | $ 1,400 | $ 400 | |||||
Vendor One [Member] | Accounts Payable From Continuing Operations [Member] | Supplier Concentration Risk [Member] | |||||||
Credit Risk and Concentrations (Details) [Line Items] | |||||||
Total accounts receivable percentage | 20% | 46% | |||||
Purchase from vendors amount (in Dollars) | $ 400 | ||||||
Vendor One [Member] | Cost of Goods and Service Benchmark [Member] | Supplier Concentration Risk [Member] | |||||||
Credit Risk and Concentrations (Details) [Line Items] | |||||||
Total accounts receivable percentage | 17% | 33% | 23% | 21% | |||
Vendor One [Member] | Purchases From Continuing Operations [Member] | Supplier Concentration Risk [Member] | |||||||
Credit Risk and Concentrations (Details) [Line Items] | |||||||
Total accounts receivable percentage | 24% | 26% | |||||
Vendor Two [Member] | Accounts Receivable From Continuing Operations [Member] | Supplier Concentration Risk [Member] | |||||||
Credit Risk and Concentrations (Details) [Line Items] | |||||||
Total accounts receivable percentage | 12% | ||||||
Vendor Two [Member] | Accounts Payable [Member] | Supplier Concentration Risk [Member] | |||||||
Credit Risk and Concentrations (Details) [Line Items] | |||||||
Total accounts receivable percentage | 48% | 12% | |||||
Purchase from vendors amount (in Dollars) | $ 1,200 | $ 900 | |||||
Vendor Two [Member] | Accounts Payable From Continuing Operations [Member] | Supplier Concentration Risk [Member] | |||||||
Credit Risk and Concentrations (Details) [Line Items] | |||||||
Total accounts receivable percentage | 15% | ||||||
Purchase from vendors amount (in Dollars) | $ 700 | $ 400 | |||||
Vendor Two [Member] | Cost of Goods and Service Benchmark [Member] | Supplier Concentration Risk [Member] | |||||||
Credit Risk and Concentrations (Details) [Line Items] | |||||||
Total accounts receivable percentage | 18% | ||||||
Vendor Two [Member] | Purchases From Continuing Operations [Member] | Supplier Concentration Risk [Member] | |||||||
Credit Risk and Concentrations (Details) [Line Items] | |||||||
Total accounts receivable percentage | 22% | ||||||
Vendor Three [Member] | Accounts Payable From Continuing Operations [Member] | Supplier Concentration Risk [Member] | |||||||
Credit Risk and Concentrations (Details) [Line Items] | |||||||
Total accounts receivable percentage | 10% | ||||||
Purchase from vendors amount (in Dollars) | $ 400 | ||||||
Vendor Three [Member] | Cost of Goods and Service Benchmark [Member] | Supplier Concentration Risk [Member] | |||||||
Credit Risk and Concentrations (Details) [Line Items] | |||||||
Total accounts receivable percentage | 17% | ||||||
Vendor Three [Member] | Purchases From Continuing Operations [Member] | Supplier Concentration Risk [Member] | |||||||
Credit Risk and Concentrations (Details) [Line Items] | |||||||
Total accounts receivable percentage | 21% | ||||||
Vendor Four [Member] | Purchases From Continuing Operations [Member] | Supplier Concentration Risk [Member] | |||||||
Credit Risk and Concentrations (Details) [Line Items] | |||||||
Total accounts receivable percentage | 12% | ||||||
Three Vendors [Member] | Accounts Payable [Member] | Supplier Concentration Risk [Member] | |||||||
Credit Risk and Concentrations (Details) [Line Items] | |||||||
Total accounts receivable percentage | 47% | ||||||
Purchase from vendors amount (in Dollars) | $ 600 |
Credit Risk and Concentration_3
Credit Risk and Concentrations (Details) - Schedule of Revenue by Reporting Segments - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | 12 Months Ended | |||
Jun. 30, 2023 | Jun. 30, 2022 | Jun. 30, 2023 | Jun. 30, 2022 | Dec. 31, 2022 | Dec. 31, 2021 | |
Revenue by Segment | ||||||
Total segment revenue | $ 2,057 | $ 2,576 | $ 5,161 | $ 5,225 | ||
Less discontinued operations | (11,365) | (4,856) | (12,139) | |||
Gross profit by Segment | ||||||
Gross profit by Segment | 1,667 | 1,720 | 3,981 | 3,572 | ||
Indoor Intelligence [Member] | ||||||
Revenue by Segment | ||||||
Total segment revenue | 840 | 1,337 | 2,749 | 2,734 | $ 14,614 | $ 11,046 |
Income (loss) from operations by Segment | ||||||
Income (loss) from operations by Segment | (53,602) | (72,174) | ||||
Gross profit by Segment | ||||||
Gross profit by Segment | 597 | 804 | 1,891 | 1,741 | 10,411 | 7,833 |
Saves [Member] | ||||||
Revenue by Segment | ||||||
Total segment revenue | 743 | 727 | 1,461 | 1,461 | 2,775 | 2,938 |
Income (loss) from operations by Segment | ||||||
Income (loss) from operations by Segment | (3,876) | (1,515) | ||||
Gross profit by Segment | ||||||
Gross profit by Segment | 655 | 481 | 1,274 | 974 | 1,781 | 2,072 |
Shoom [Member] | ||||||
Revenue by Segment | ||||||
Total segment revenue | 474 | 512 | 951 | 1,030 | 2,029 | 2,011 |
Income (loss) from operations by Segment | ||||||
Income (loss) from operations by Segment | 778 | 946 | ||||
Gross profit by Segment | ||||||
Gross profit by Segment | $ 415 | $ 435 | $ 816 | $ 857 | 1,737 | 1,716 |
segment revenue [Member] | ||||||
Revenue by Segment | ||||||
Total segment revenue | 19,418 | 15,995 | ||||
Less discontinued operations [Member] | ||||||
Gross profit by Segment | ||||||
Gross profit by Segment | 13,929 | 11,621 | ||||
Less discontinued operations [Member] | ||||||
Revenue by Segment | ||||||
Less discontinued operations | 27,894 | 42,922 | ||||
Less discontinued operations [Member] | Less discontinued operations | ||||||
Revenue by Segment | ||||||
Less discontinued operations | (8,470) | (6,368) | ||||
Less discontinued operations [Member] | Less discontinued operations [Member] | ||||||
Revenue by Segment | ||||||
Less discontinued operations | (6,406) | (4,722) | ||||
Total segment revenue, continuing operations [Member] | ||||||
Revenue by Segment | ||||||
Income (loss) from operations by Segment, continuing operations | 10,948 | 9,627 | ||||
Income (loss) from operations by Segment, continuing operations [Member] | ||||||
Revenue by Segment | ||||||
Income (loss) from operations by Segment, continuing operations | 7,523 | 6,899 | ||||
Income (loss) from operations by Segment [Member] | ||||||
Income (loss) from operations by Segment | ||||||
Income (loss) from operations by Segment | (56,700) | (72,743) | ||||
Loss from operations by Segment, continuing operations [Member] | ||||||
Revenue by Segment | ||||||
Income (loss) from operations by Segment, continuing operations | $ (28,806) | $ (29,821) |
Fair Value of Financial Instr_3
Fair Value of Financial Instruments (Details) - Schedule of Fair Value of Assets - USD ($) $ in Thousands | Jun. 30, 2023 | Dec. 31, 2022 | Mar. 31, 2022 | Dec. 31, 2021 | Mar. 31, 2021 |
Assets: | |||||
Related party loan-held for sale (net) | |||||
Short-term investments | 43,125 | ||||
Investments in equity securities | $ 1,414 | 330 | 1,838 | ||
Total assets | 1,414 | 330 | 44,963 | ||
Level 1 – Quoted Prices in Active Markets for Identical Assets | |||||
Assets: | |||||
Related party loan-held for sale (net) | |||||
Short-term investments | 43,125 | ||||
Investments in equity securities | 1,403 | 319 | 319 | ||
Total assets | 1,403 | 319 | $ 319 | $ 43,125 | |
Level 2 – Significant Other Observable Inputs | |||||
Assets: | |||||
Short-term investments | |||||
Investments in equity securities | |||||
Total assets | |||||
Level 3 – Significant Unobservable Inputs | |||||
Assets: | |||||
Short-term investments | |||||
Investments in equity securities | 11 | 11 | 1,838 | ||
Total assets | $ 11 | $ 11 | $ 1,838 |
Fair Value of Financial Instr_4
Fair Value of Financial Instruments (Details) - Schedule of Reconciliation of Assets for Level 3 Investments for Which Significant Unobservable Inputs - Level 3 [Member] - USD ($) $ in Thousands | 12 Months Ended | |
Dec. 31, 2022 | Dec. 31, 2021 | |
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] | ||
Balance at beginning of year | $ 1,838 | |
Transfers in – FOXO Technologies, Inc. convertible note | 6,050 | |
Transfers in – FOXO Technologies, Inc. original issue discount on convertible note | (550) | |
Amortization of original issue discount on convertible note | 206 | |
Change in fair value on debt securities | 791 | |
Transfers out – FOXO Technologies, Inc. conversion of note to marketable equity securities | (6,497) | |
Benefit (provision) for valuation allowance on related party loan – held for sale | 7,461 | |
Interest income (expense), net | 1,627 | |
Gain on related party loan held for sale | 49,817 | |
Unrealized loss on equity securities | (1,827) | (57,067) |
Balance at end of year | $ 11 | $ 1,838 |
Foreign Operations (Details) -
Foreign Operations (Details) - Schedule of Revenues by Geographic Area are Attributed by Country of Domicile of Our Subsidiaries - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | 12 Months Ended | |||
Jun. 30, 2023 | Jun. 30, 2022 | Jun. 30, 2023 | Jun. 30, 2022 | Dec. 31, 2022 | Dec. 31, 2021 | |
Reportable Geographical Components [Member] | ||||||
Foreign Operations (Details) - Schedule of Revenues by Geographic Area are Attributed by Country of Domicile of Our Subsidiaries [Line Items] | ||||||
Revenues by geographic area | $ 2,057 | $ 2,576 | $ 5,161 | $ 5,225 | $ 19,418 | $ 15,995 |
Operating income (loss) by geographic area | 6,657 | 9,373 | 14,839 | 18,611 | (56,700) | (72,743) |
Net income (loss) by geographic area | (66,304) | (70,130) | ||||
As of December 31, 2022: | ||||||
Identifiable assets by geographic area | 57,635 | 156,673 | ||||
Long lived assets by geographic area | 38,448 | |||||
Goodwill by geographic area | ||||||
Geography Eliminations [Member] | ||||||
Foreign Operations (Details) - Schedule of Revenues by Geographic Area are Attributed by Country of Domicile of Our Subsidiaries [Line Items] | ||||||
Revenues by geographic area | (483) | (142) | (1,038) | (232) | (3,091) | (3,251) |
Operating income (loss) by geographic area | (1) | 1 | (3) | (11) | ||
Net income (loss) by geographic area | ||||||
As of December 31, 2022: | ||||||
Identifiable assets by geographic area | (102,223) | (88,121) | ||||
Long lived assets by geographic area | ||||||
Goodwill by geographic area | ||||||
Discontinued Operations [Member] | Reportable Geographical Components [Member] | ||||||
Foreign Operations (Details) - Schedule of Revenues by Geographic Area are Attributed by Country of Domicile of Our Subsidiaries [Line Items] | ||||||
Revenues by geographic area | (8,470) | (6,368) | ||||
Operating income (loss) by geographic area | 27,894 | 42,922 | ||||
Net income (loss) by geographic area | 28,075 | 37,720 | ||||
As of December 31, 2022: | ||||||
Identifiable assets by geographic area | ||||||
Long lived assets by geographic area | (25,070) | |||||
Goodwill by geographic area | ||||||
Continuing Operations [Member] | Reportable Geographical Components [Member] | ||||||
Foreign Operations (Details) - Schedule of Revenues by Geographic Area are Attributed by Country of Domicile of Our Subsidiaries [Line Items] | ||||||
Revenues by geographic area | 10,948 | 9,627 | ||||
Operating income (loss) by geographic area | (28,806) | (29,821) | ||||
Net income (loss) by geographic area | (38,229) | (32,410) | ||||
As of December 31, 2022: | ||||||
Identifiable assets by geographic area | 57,635 | 156,673 | ||||
Long lived assets by geographic area | 13,378 | |||||
Goodwill by geographic area | ||||||
Previously Reported [Member] | Reportable Geographical Components [Member] | ||||||
As of December 31, 2022: | ||||||
Long lived assets by geographic area | 26,513 | |||||
Goodwill by geographic area | 7,673 | |||||
Previously Reported [Member] | Geography Eliminations [Member] | ||||||
As of December 31, 2022: | ||||||
Long lived assets by geographic area | ||||||
Goodwill by geographic area | ||||||
Previously Reported [Member] | Discontinued Operations [Member] | Reportable Geographical Components [Member] | ||||||
As of December 31, 2022: | ||||||
Long lived assets by geographic area | (20,659) | |||||
Goodwill by geographic area | (5,546) | |||||
Previously Reported [Member] | Continuing Operations [Member] | Reportable Geographical Components [Member] | ||||||
As of December 31, 2022: | ||||||
Long lived assets by geographic area | 5,854 | |||||
Goodwill by geographic area | 2,127 | |||||
UNITED STATES | Reportable Geographical Components [Member] | ||||||
Foreign Operations (Details) - Schedule of Revenues by Geographic Area are Attributed by Country of Domicile of Our Subsidiaries [Line Items] | ||||||
Revenues by geographic area | 1,340 | 1,427 | 3,255 | 2,970 | 13,458 | 10,990 |
Operating income (loss) by geographic area | 5,394 | 6,512 | 12,756 | 14,181 | (42,852) | (60,450) |
Net income (loss) by geographic area | (51,936) | (57,516) | ||||
As of December 31, 2022: | ||||||
Identifiable assets by geographic area | 133,382 | 216,338 | ||||
Long lived assets by geographic area | 27,773 | |||||
Goodwill by geographic area | ||||||
UNITED STATES | Previously Reported [Member] | Reportable Geographical Components [Member] | ||||||
As of December 31, 2022: | ||||||
Long lived assets by geographic area | 18,097 | |||||
Goodwill by geographic area | 5,915 | |||||
CANADA | Reportable Geographical Components [Member] | ||||||
Foreign Operations (Details) - Schedule of Revenues by Geographic Area are Attributed by Country of Domicile of Our Subsidiaries [Line Items] | ||||||
Revenues by geographic area | 2,061 | 2,638 | ||||
Operating income (loss) by geographic area | (7,177) | (6,451) | ||||
Net income (loss) by geographic area | (7,770) | (6,882) | ||||
As of December 31, 2022: | ||||||
Identifiable assets by geographic area | 5,484 | 7,191 | ||||
Long lived assets by geographic area | 5,864 | |||||
Goodwill by geographic area | ||||||
CANADA | Previously Reported [Member] | Reportable Geographical Components [Member] | ||||||
As of December 31, 2022: | ||||||
Long lived assets by geographic area | 4,788 | |||||
Goodwill by geographic area | 480 | |||||
INDIA | Reportable Geographical Components [Member] | ||||||
Foreign Operations (Details) - Schedule of Revenues by Geographic Area are Attributed by Country of Domicile of Our Subsidiaries [Line Items] | ||||||
Revenues by geographic area | 294 | 141 | 793 | 267 | 1,830 | 1,626 |
Operating income (loss) by geographic area | (16) | (45) | (120) | (84) | 208 | 146 |
Net income (loss) by geographic area | 138 | 124 | ||||
As of December 31, 2022: | ||||||
Identifiable assets by geographic area | 682 | 675 | ||||
Long lived assets by geographic area | 181 | |||||
Goodwill by geographic area | ||||||
INDIA | Previously Reported [Member] | Reportable Geographical Components [Member] | ||||||
As of December 31, 2022: | ||||||
Long lived assets by geographic area | 101 | |||||
Goodwill by geographic area | ||||||
GERMANY | Reportable Geographical Components [Member] | ||||||
Foreign Operations (Details) - Schedule of Revenues by Geographic Area are Attributed by Country of Domicile of Our Subsidiaries [Line Items] | ||||||
Revenues by geographic area | 763 | 1,023 | 1,918 | 1,971 | 4,583 | 3,593 |
Operating income (loss) by geographic area | 1,092 | 2,690 | 1,923 | 4,108 | (6,121) | (5,629) |
Net income (loss) by geographic area | (5,982) | (5,505) | ||||
As of December 31, 2022: | ||||||
Identifiable assets by geographic area | 19,599 | 20,238 | ||||
Long lived assets by geographic area | 4,624 | |||||
Goodwill by geographic area | ||||||
GERMANY | Previously Reported [Member] | Reportable Geographical Components [Member] | ||||||
As of December 31, 2022: | ||||||
Long lived assets by geographic area | 3,308 | |||||
Goodwill by geographic area | 1,278 | |||||
UNITED KINGDOM | Reportable Geographical Components [Member] | ||||||
Foreign Operations (Details) - Schedule of Revenues by Geographic Area are Attributed by Country of Domicile of Our Subsidiaries [Line Items] | ||||||
Revenues by geographic area | 139 | 125 | 229 | 243 | 406 | 392 |
Operating income (loss) by geographic area | 1 | (46) | 5 | (59) | 17 | (2) |
Net income (loss) by geographic area | 20 | (5) | ||||
As of December 31, 2022: | ||||||
Identifiable assets by geographic area | 277 | 283 | ||||
Long lived assets by geographic area | 2 | |||||
Goodwill by geographic area | ||||||
UNITED KINGDOM | Previously Reported [Member] | Reportable Geographical Components [Member] | ||||||
As of December 31, 2022: | ||||||
Long lived assets by geographic area | 1 | |||||
Goodwill by geographic area | ||||||
IRELAND | Reportable Geographical Components [Member] | ||||||
Foreign Operations (Details) - Schedule of Revenues by Geographic Area are Attributed by Country of Domicile of Our Subsidiaries [Line Items] | ||||||
Revenues by geographic area | 4 | 2 | 4 | 6 | 6 | 7 |
Operating income (loss) by geographic area | 186 | 263 | 275 | 464 | (673) | (346) |
Net income (loss) by geographic area | (673) | (346) | ||||
As of December 31, 2022: | ||||||
Identifiable assets by geographic area | 19 | 69 | ||||
Long lived assets by geographic area | 4 | |||||
Goodwill by geographic area | ||||||
IRELAND | Previously Reported [Member] | Reportable Geographical Components [Member] | ||||||
As of December 31, 2022: | ||||||
Long lived assets by geographic area | 4 | |||||
Goodwill by geographic area | ||||||
PHILIPPINES | Reportable Geographical Components [Member] | ||||||
Foreign Operations (Details) - Schedule of Revenues by Geographic Area are Attributed by Country of Domicile of Our Subsidiaries [Line Items] | ||||||
Revenues by geographic area | 165 | |||||
Operating income (loss) by geographic area | (99) | |||||
Net income (loss) by geographic area | (101) | |||||
As of December 31, 2022: | ||||||
Identifiable assets by geographic area | 415 | |||||
Long lived assets by geographic area | ||||||
Goodwill by geographic area | ||||||
PHILIPPINES | Previously Reported [Member] | Reportable Geographical Components [Member] | ||||||
As of December 31, 2022: | ||||||
Long lived assets by geographic area | $ 214 | |||||
Goodwill by geographic area |
Related Party Transactions (Det
Related Party Transactions (Details) - USD ($) | 3 Months Ended | 6 Months Ended | 12 Months Ended | ||||||||||||||||||||||
Mar. 15, 2023 | Mar. 15, 2023 | Dec. 31, 2022 | Jul. 01, 2022 | Dec. 31, 2021 | Apr. 14, 2021 | Apr. 14, 2021 | Feb. 20, 2019 | Jun. 30, 2023 | Mar. 31, 2020 | Dec. 31, 2019 | Jun. 30, 2023 | Jun. 30, 2022 | Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | Mar. 31, 2021 | Mar. 19, 2021 | Jun. 30, 2020 | Mar. 01, 2020 | May 22, 2019 | Apr. 02, 2019 | Feb. 04, 2019 | Dec. 31, 2018 | Aug. 07, 2018 | |
Related Party Transactions (Details) [Line Items] | |||||||||||||||||||||||||
Aggregate gross proceeds | 6% | ||||||||||||||||||||||||
Gain on settlement | $ 49,817,000 | ||||||||||||||||||||||||
Loan received | $ 450,000 | 150,000 | |||||||||||||||||||||||
Loan repaid | 150,000 | ||||||||||||||||||||||||
Reimbursable transaction expenses | $ 2,803,000 | $ 3,953,000 | $ 2,181,000 | 2,181,000 | $ 2,803,000 | $ 3,953,000 | |||||||||||||||||||
Sysorex [Member] | |||||||||||||||||||||||||
Related Party Transactions (Details) [Line Items] | |||||||||||||||||||||||||
Aggregate amount | $ 9,100,000 | ||||||||||||||||||||||||
Cardinal Ventures Holdings [Member] | |||||||||||||||||||||||||
Related Party Transactions (Details) [Line Items] | |||||||||||||||||||||||||
Loan repaid | $ 150,000 | ||||||||||||||||||||||||
Purchase Agreement [Member] | Sysorex [Member] | |||||||||||||||||||||||||
Related Party Transactions (Details) [Line Items] | |||||||||||||||||||||||||
Debt instrument, term | 24 months | ||||||||||||||||||||||||
Sysorex Settlement Agreement [Member] | Sysorex [Member] | |||||||||||||||||||||||||
Related Party Transactions (Details) [Line Items] | |||||||||||||||||||||||||
Shares of common stock (in Shares) | 12,972,189 | ||||||||||||||||||||||||
Rights Letter Agreement [Member] | Sysorex [Member] | |||||||||||||||||||||||||
Related Party Transactions (Details) [Line Items] | |||||||||||||||||||||||||
Shares of common stock (in Shares) | 3,000,000 | ||||||||||||||||||||||||
Purchase Agreement [Member] | Sysorex [Member] | |||||||||||||||||||||||||
Related Party Transactions (Details) [Line Items] | |||||||||||||||||||||||||
Aggregate principal amount | 10,000,000 | $ 10,000,000 | $ 3,000,000 | ||||||||||||||||||||||
Legal fees, accounting costs, due diligence, monitoring and other transaction costs | $ 20,000 | ||||||||||||||||||||||||
Related Party [Member] | Cardinal Ventures Holdings [Member] | |||||||||||||||||||||||||
Related Party Transactions (Details) [Line Items] | |||||||||||||||||||||||||
Repayments of debt | $ 150,000 | ||||||||||||||||||||||||
Loan received | $ 150,000 | ||||||||||||||||||||||||
Related Party [Member] | CXApp Inc. [Member] | |||||||||||||||||||||||||
Related Party Transactions (Details) [Line Items] | |||||||||||||||||||||||||
Reimbursable transaction expenses | 1,000,000 | 1,000,000 | |||||||||||||||||||||||
Other receivables | 200,000 | 200,000 | |||||||||||||||||||||||
Sysorex [Member] | |||||||||||||||||||||||||
Related Party Transactions (Details) [Line Items] | |||||||||||||||||||||||||
Principal balance | $ 1,000,000 | ||||||||||||||||||||||||
Costs and liabilities percentage | 50% | ||||||||||||||||||||||||
Aggregate amount | $ 9,100,000 | ||||||||||||||||||||||||
Entitlement of cash, factor | 1.50% | ||||||||||||||||||||||||
Sysorex [Member] | Minimum [Member] | |||||||||||||||||||||||||
Related Party Transactions (Details) [Line Items] | |||||||||||||||||||||||||
Interest rate | 18% | ||||||||||||||||||||||||
Sysorex [Member] | Maximum [Member] | |||||||||||||||||||||||||
Related Party Transactions (Details) [Line Items] | |||||||||||||||||||||||||
Interest rate | 21% | ||||||||||||||||||||||||
Sysorex [Member] | Sysorex Settlement Agreement [Member] | |||||||||||||||||||||||||
Related Party Transactions (Details) [Line Items] | |||||||||||||||||||||||||
Shares of common stock (in Shares) | 12,972,189 | ||||||||||||||||||||||||
Common stock, par value (in Dollars per share) | $ 0.00001 | $ 0.00001 | |||||||||||||||||||||||
Release of previously recorded valuation allowance allowance | $ 7,500,000 | ||||||||||||||||||||||||
Interest income | 1,600,000 | ||||||||||||||||||||||||
Gain on settlement | 49,800,000 | ||||||||||||||||||||||||
Sysorex [Member] | Rights Letter Agreement [Member] | |||||||||||||||||||||||||
Related Party Transactions (Details) [Line Items] | |||||||||||||||||||||||||
Shares of common stock (in Shares) | 3,000,000 | ||||||||||||||||||||||||
Sysorex [Member] | Purchase Agreement [Member] | |||||||||||||||||||||||||
Related Party Transactions (Details) [Line Items] | |||||||||||||||||||||||||
Aggregate principal amount | $ 5,000,000 | ||||||||||||||||||||||||
Interest rate | 10% | ||||||||||||||||||||||||
Outstanding balance of the secured note | $ 2,300,000 | $ 3,000,000 | |||||||||||||||||||||||
Additional amount of advance | $ 117,000 | 2,600,000 | |||||||||||||||||||||||
Repayments of debt | 200,000 | ||||||||||||||||||||||||
Accrued interest amount | 7,700,000 | ||||||||||||||||||||||||
Additional interest | $ 251,806 | $ 275,000 | 1,100,000 | ||||||||||||||||||||||
Settlement agreement of net award | $ 941,796 | ||||||||||||||||||||||||
Aggregate common shares (in Shares) | 16,655 | ||||||||||||||||||||||||
Settlement amount receivable from related party | 600,000 | ||||||||||||||||||||||||
Interest accrued | $ 100,000 | ||||||||||||||||||||||||
Settlement amount | $ 0 | $ 0 | |||||||||||||||||||||||
Sysorex [Member] | Purchase Agreement [Member] | Minimum [Member] | |||||||||||||||||||||||||
Related Party Transactions (Details) [Line Items] | |||||||||||||||||||||||||
Aggregate principal amount of note receivable | $ 8,000,000 | $ 5,000,000 | $ 3,000,000 | ||||||||||||||||||||||
Sysorex [Member] | Purchase Agreement [Member] | Maximum [Member] | |||||||||||||||||||||||||
Related Party Transactions (Details) [Line Items] | |||||||||||||||||||||||||
Aggregate principal amount of note receivable | $ 10,000,000 | $ 8,000,000 | $ 5,000,000 | ||||||||||||||||||||||
Systat [Member] | |||||||||||||||||||||||||
Related Party Transactions (Details) [Line Items] | |||||||||||||||||||||||||
Principal balance | $ 1,000,000 | ||||||||||||||||||||||||
Consulting Services [Member] | Director [Member] | |||||||||||||||||||||||||
Related Party Transactions (Details) [Line Items] | |||||||||||||||||||||||||
Additional compensation, per month | $ 10,000 | ||||||||||||||||||||||||
Transaction Services, Reimbursable Expenses [Member] | CXApp Inc. [Member] | |||||||||||||||||||||||||
Related Party Transactions (Details) [Line Items] | |||||||||||||||||||||||||
Reimbursable incurred expenses | $ 200,000 | $ 300,000 |
Leases (Details)
Leases (Details) | 3 Months Ended | 6 Months Ended | 12 Months Ended | |||||
Jun. 30, 2023 USD ($) | Jun. 30, 2022 USD ($) | Jun. 30, 2023 USD ($) | Jun. 30, 2022 USD ($) | Dec. 31, 2022 USD ($) | Dec. 31, 2021 USD ($) | Dec. 09, 2021 USD ($) | Feb. 01, 2021 USD ($) | |
Leases (Details) [Line Items] | ||||||||
Variable lease expenses | $ 200,000 | $ 100,000 | $ 300,000 | $ 300,000 | $ 1,200,000 | $ 600,000 | ||
Operating lease, rent expense | 400,000 | 700,000 | ||||||
Variable lease expense | $ 300,000 | 300,000 | ||||||
Weighted average remaining lease term | 2 years 4 months 24 days | 2 years 4 months 24 days | 2 years 9 months 14 days | |||||
Operating lease liabilities | 4% | 4% | 6.30% | |||||
Rantigen, Germany [Member] | ||||||||
Leases (Details) [Line Items] | ||||||||
Operating leases | 2 | 2 | ||||||
Lease rate | $ 5,756 | |||||||
Rantigen, Germany, Administrative Office One [Member] | ||||||||
Leases (Details) [Line Items] | ||||||||
Current lease rate | $ 2,774 | |||||||
Lease rate | 2,028 | |||||||
Rantigen, Germany, Administrative Office Two [Member] | ||||||||
Leases (Details) [Line Items] | ||||||||
Current lease rate | 1,083 | |||||||
Lease rate | $ 1,633 | |||||||
Hyderabad, India and Manila, Philippines [Member] | ||||||||
Leases (Details) [Line Items] | ||||||||
Operating leases | 2 | |||||||
Frankfurt, Germany Office [Member] | ||||||||
Leases (Details) [Line Items] | ||||||||
Current lease rate | $ 9,340 | |||||||
Lease Agreements [Member] | ||||||||
Leases (Details) [Line Items] | ||||||||
Short-term lease expense | $ 200,000 | $ 500,000 | ||||||
Frankfurt, Germany Office [Member] | ||||||||
Leases (Details) [Line Items] | ||||||||
Current lease rate | $ 9,232 |
Leases (Details) - Schedule of
Leases (Details) - Schedule of Right-of-use assets - USD ($) $ in Thousands | 12 Months Ended | |
Dec. 31, 2022 | Dec. 31, 2021 | |
Leases (Details) - Schedule of Right-of-use assets [Line Items] | ||
Less accumulated amortization | $ (1,550) | $ (1,281) |
Right-of-use asset, net | 1,212 | 1,737 |
Less discontinued operations | (681) | (724) |
Right-of-use asset, continuing operations | 531 | 1,013 |
Palo Alto, CA Office [Member] | ||
Leases (Details) - Schedule of Right-of-use assets [Line Items] | ||
Right-of-use asset, before accumulated amortization | 630 | 631 |
Hyderabad, India Office [Member] | ||
Leases (Details) - Schedule of Right-of-use assets [Line Items] | ||
Right-of-use asset, before accumulated amortization | 342 | 359 |
Coquitlam, Canada Office [Member] | ||
Leases (Details) - Schedule of Right-of-use assets [Line Items] | ||
Right-of-use asset, before accumulated amortization | 91 | 97 |
Westminster, Canada Office [Member] | ||
Leases (Details) - Schedule of Right-of-use assets [Line Items] | ||
Right-of-use asset, before accumulated amortization | 10 | |
Toronto, Canada Office [Member] | ||
Leases (Details) - Schedule of Right-of-use assets [Line Items] | ||
Right-of-use asset, before accumulated amortization | 565 | 949 |
Ratingen, Germany Office [Member] | ||
Leases (Details) - Schedule of Right-of-use assets [Line Items] | ||
Right-of-use asset, before accumulated amortization | 85 | 90 |
Berlin, Germany Office [Member] | ||
Leases (Details) - Schedule of Right-of-use assets [Line Items] | ||
Right-of-use asset, before accumulated amortization | 508 | 536 |
Slough, United Kingdom Office [Member] | ||
Leases (Details) - Schedule of Right-of-use assets [Line Items] | ||
Right-of-use asset, before accumulated amortization | 34 | |
Frankfurt, Germany Office [Member] | ||
Leases (Details) - Schedule of Right-of-use assets [Line Items] | ||
Right-of-use asset, before accumulated amortization | 294 | 312 |
Manila, Philippines Office [Member] | ||
Leases (Details) - Schedule of Right-of-use assets [Line Items] | ||
Right-of-use asset, before accumulated amortization | $ 247 |
Leases (Details) - Schedule o_2
Leases (Details) - Schedule of Lease liabilities - USD ($) $ in Thousands | 12 Months Ended | |
Dec. 31, 2022 | Dec. 31, 2021 | |
Schedule Of Lease Liabilities Abstract | ||
Total lease liability | $ 1,255 | $ 1,751 |
Less: short term portion | (477) | (643) |
Long term portion | 778 | 1,108 |
Less discontinued operations | (444) | (531) |
Long term portion, continuing operations | $ 334 | $ 577 |
Leases (Details) - Schedule o_3
Leases (Details) - Schedule of Maturity analysis under the lease agreement - USD ($) $ in Thousands | 12 Months Ended | |
Dec. 31, 2022 | Dec. 31, 2008 | |
Schedule Of Maturity Analysis Under The Lease Agreement Abstract | ||
Year ending December 31, 2023 | $ 539 | $ 108 |
Year ending December 31, 2024 | 454 | 216 |
Year ending December 31, 2025 | 275 | 109 |
Year ending December 31, 2026 | 98 | 41 |
Year ending December 31, 2027 | ||
Total | 1,366 | 474 |
Less: Present value discount | (111) | (29) |
Lease liability | 1,255 | $ 445 |
Less discontinued operations | (710) | |
Lease liability, continuing operations | $ 545 |
Restructuring Activities (Detai
Restructuring Activities (Details) - USD ($) $ in Thousands | 12 Months Ended | |
Sep. 21, 2022 | Dec. 31, 2022 | |
Restructuring Activities (Details) [Line Items] | ||
P | 20% | |
Restructuring costs incurred | $ 845 | |
Indoor Intelligence [Member] | ||
Restructuring Activities (Details) [Line Items] | ||
Restructuring costs incurred | $ 800 |
Restructuring Activities (Det_2
Restructuring Activities (Details) - Schedule of Restructuring Costs Payable for Costs Incurred Related to the Restructuring Activities - USD ($) $ in Thousands | 6 Months Ended | 12 Months Ended |
Jun. 30, 2023 | Dec. 31, 2022 | |
Schedule of Restructuring Costs Payable for Costs Incurred Related to the Restructuring Activities [Abstract] | ||
Restructuring costs payable | $ 52 | |
Restructuring costs incurred | 845 | |
Restructuring costs paid | (793) | |
Restructuring costs payable | $ 52 | |
Less discontinued operations | (52) | |
Restructuring costs – continuing operations |
Subsequent Events (Details)
Subsequent Events (Details) | 1 Months Ended | 3 Months Ended | 6 Months Ended | 12 Months Ended | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Jul. 24, 2023 $ / shares shares | Jul. 01, 2023 USD ($) $ / shares shares | Mar. 14, 2023 $ / shares shares | Mar. 14, 2023 USD ($) $ / shares shares | Feb. 28, 2023 shares | Feb. 27, 2023 shares | Oct. 17, 2022 shares | Oct. 12, 2022 shares | Sep. 13, 2021 shares | Feb. 12, 2021 USD ($) shares | Feb. 11, 2021 shares | Jul. 31, 2023 USD ($) $ / shares shares | Jan. 31, 2023 shares | Oct. 18, 2022 $ / shares shares | Oct. 17, 2022 USD ($) shares | Feb. 16, 2021 USD ($) shares | Jan. 24, 2021 USD ($) shares | Dec. 31, 2020 shares | Oct. 31, 2020 shares | Jun. 30, 2023 USD ($) $ / shares shares | Apr. 14, 2023 USD ($) shares | Mar. 31, 2023 USD ($) $ / shares shares | Sep. 30, 2022 shares | Jun. 30, 2022 shares | Mar. 31, 2022 USD ($) shares | Sep. 30, 2021 shares | Mar. 31, 2021 $ / shares shares | Jun. 30, 2023 USD ($) $ / shares shares | Dec. 31, 2022 USD ($) shares | Dec. 31, 2021 USD ($) shares | Dec. 31, 2020 shares | Apr. 13, 2023 $ / shares | Apr. 01, 2023 USD ($) | Mar. 30, 2023 USD ($) | Jan. 18, 2023 USD ($) | Jan. 13, 2023 USD ($) | Dec. 22, 2022 USD ($) | Nov. 29, 2022 USD ($) | Oct. 26, 2022 USD ($) | Sep. 21, 2022 USD ($) | Sep. 16, 2022 USD ($) | Sep. 09, 2022 | Aug. 26, 2022 USD ($) | Aug. 17, 2022 USD ($) | Aug. 04, 2022 | Jul. 22, 2022 | Jul. 11, 2022 | Jul. 01, 2022 | May 31, 2022 | May 17, 2022 | Mar. 22, 2022 USD ($) | Mar. 16, 2022 | Mar. 15, 2022 | Feb. 01, 2022 | Jan. 18, 2022 USD ($) | Oct. 29, 2021 USD ($) | Jul. 01, 2021 | Mar. 18, 2021 | Mar. 17, 2021 | Sep. 17, 2020 | Mar. 31, 2020 | Mar. 30, 2020 | Mar. 18, 2020 | Mar. 16, 2020 | Feb. 18, 2020 | |
Subsequent Events (Details) [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Company’s common stock (in Shares) | 40,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Outstanding principal amount | $ | $ 2,020,000 | $ 1,426,000 | $ 1,500,000 | $ 3,650,000 | $ 2,500,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Common shares issued for extinguishment of debt (in Shares) | 83,682 | 1,547,234 | 111,585 | 35,062 | 57,472 | 11,696 | 11,919 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Exercise price (in Dollars per share) | $ / shares | $ 2,300,000 | $ 6,400,000 | $ 6,400,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Cash acquired from acquisition | $ | 1,667,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Received gross proceeds amount | $ | $ 27,800,000 | $ 18,500,000 | $ 27,800,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
CXApp Inc. [Member] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Subsequent Events (Details) [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Noncontrolling interest, ownership percentage by parent | 50% | 50% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Warrant [Member] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Subsequent Events (Details) [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Company’s common stock (in Shares) | 3,846,153 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Exercise warrants (in Shares) | 930,990 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Exercise price (in Dollars per share) | $ / shares | $ 0.001 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Common Stock [Member] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Subsequent Events (Details) [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Outstanding principal amount | $ | $ 7,000 | $ 1,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Common shares issued for extinguishment of debt (in Shares) | 7,349,420 | 1,547,234 | 57,472 | 287,802 | 23,615 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Common stock issued in direct offering (in Shares) | 52,513 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
CXApp Inc. [Member] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Subsequent Events (Details) [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Spinoff transaction, conversion, shares issued (in Shares) | 1 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Closing merger days | 180 days | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Spinoff transaction, stock price trigger (in Dollars per share) | $ / shares | $ 12 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
February 2023 Warrant Amendment [Member] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Subsequent Events (Details) [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Common stock issued in direct offering (in Shares) | 324,918 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Exercisable warrants per common share (in Shares) | 0.33 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
September 2021 Warrants [Member] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Subsequent Events (Details) [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Common shares issued for extinguishment of debt (in Shares) | 232,675 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Common stock issued in direct offering (in Shares) | 76,794 | 324,918 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
March 2022 Warrants [Member] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Subsequent Events (Details) [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Common shares issued for extinguishment of debt (in Shares) | 751,867 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Common stock issued in direct offering (in Shares) | 248,124 | 324,918 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Equity Distribution Agreement [Member] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Subsequent Events (Details) [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Company’s common stock (in Shares) | 28,981,729 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Transaction costs | $ | $ 21,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Received gross proceeds amount | $ | 20,400,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Registered Direct Offering [Member] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Subsequent Events (Details) [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Company’s common stock (in Shares) | 253,112 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Common stock issued in direct offering (in Shares) | 93,334 | 40,000 | 77,334 | 210,668 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Registered Direct Offering [Member] | Warrant [Member] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Subsequent Events (Details) [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Company’s common stock (in Shares) | 626,667 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Common stock issued in direct offering (in Shares) | 93,334 | 253,112 | 40,000 | 77,334 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Exercise price (in Dollars per share) | $ / shares | $ 0.001 | $ 0.001 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Sales Agreement [Member] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Subsequent Events (Details) [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Transaction costs | $ | 1,400,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Subsequent Event [Member] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Subsequent Events (Details) [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Outstanding principal amount | $ | $ 3,200,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Common shares issued for extinguishment of debt (in Shares) | 18,144,158 | 9,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Subsequent Event [Member] | CXApp Inc. [Member] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Subsequent Events (Details) [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Noncontrolling interest, ownership percentage by parent | 50% | 50% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Subsequent Event [Member] | CXApp Inc. [Member] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Subsequent Events (Details) [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Spinoff transaction, conversion, shares issued (in Shares) | 1 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Spinoff transaction, stock price trigger (in Dollars per share) | $ / shares | $ 12 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Spinoff transaction, threshold consecutive trading days | 20 days | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Spinoff transaction, trading days | 30 days | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Cash acquired from acquisition | $ | $ 10,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Subsequent Event [Member] | February 2023 Warrant Amendment [Member] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Subsequent Events (Details) [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Common stock issued in direct offering (in Shares) | 324,918 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Exercisable warrants per common share (in Shares) | 0.33 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Subsequent Event [Member] | September 2021 Warrants [Member] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Subsequent Events (Details) [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Common stock issued in direct offering (in Shares) | 76,794 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Subsequent Event [Member] | March 2022 Warrants [Member] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Subsequent Events (Details) [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Common stock issued in direct offering (in Shares) | 248,124 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Subsequent Event [Member] | May 2023 Warrant Issuance [Member] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Subsequent Events (Details) [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Exercise warrants (in Shares) | 9,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Exercise price (in Dollars per share) | $ / shares | $ 0.26 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Received gross proceeds amount | $ | $ 2,300,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Subsequent Event [Member] | Equity Distribution Agreement [Member] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Subsequent Events (Details) [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Company’s common stock (in Shares) | 9,655,207 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Transaction costs | $ | $ 15,400,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Subsequent Event [Member] | Registered Direct Offering [Member] | Warrant [Member] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Subsequent Events (Details) [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Exercise price (in Dollars per share) | $ / shares | $ 0.001 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Subsequent Event [Member] | Registered Direct Offering [Member] | Pre-Funded Warrant [Member] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Subsequent Events (Details) [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Common stock issued in direct offering (in Shares) | 1,380,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Exercise warrants (in Shares) | 1,380,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Subsequent Event [Member] | Sales Agreement [Member] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Subsequent Events (Details) [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Company’s common stock (in Shares) | 41,393,825 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Transaction costs | $ | $ 6,400,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Inpixon and Superfly Merger Sub Inc. Agreement [Member] | Subsequent Event [Member] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Subsequent Events (Details) [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net cash | $ | $ 21,500,000 | $ 21,500,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Issued and outstanding percentage | 40% | 40% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Inpixon and Superfly Merger Sub Inc. Agreement [Member] | Subsequent Event [Member] | XTI Aircraft Company [Member] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Subsequent Events (Details) [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Issued and outstanding percentage | 60% | 60% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Minimum [Member] | Equity Distribution Agreement [Member] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Subsequent Events (Details) [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Share prices (in Dollars per share) | $ / shares | $ 0.200034 | $ 0.200034 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Minimum [Member] | Registered Direct Offering [Member] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Subsequent Events (Details) [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Share prices (in Dollars per share) | $ / shares | $ 116.25 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Minimum [Member] | Subsequent Event [Member] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Subsequent Events (Details) [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Common stock price (in Dollars per share) | $ / shares | $ 0.1277 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Share prices (in Dollars per share) | $ / shares | 0.139609 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Minimum [Member] | Subsequent Event [Member] | Equity Distribution Agreement [Member] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Subsequent Events (Details) [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Share prices (in Dollars per share) | $ / shares | $ 1.15 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Maximum [Member] | Equity Distribution Agreement [Member] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Subsequent Events (Details) [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Share prices (in Dollars per share) | $ / shares | $ 1.86 | $ 1.86 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Maximum [Member] | Registered Direct Offering [Member] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Subsequent Events (Details) [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Share prices (in Dollars per share) | $ / shares | $ 150.75 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Maximum [Member] | Subsequent Event [Member] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Subsequent Events (Details) [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Common stock price (in Dollars per share) | $ / shares | 0.2272 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Share prices (in Dollars per share) | $ / shares | $ 0.22291 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Maximum [Member] | Subsequent Event [Member] | Equity Distribution Agreement [Member] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Subsequent Events (Details) [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Share prices (in Dollars per share) | $ / shares | $ 1.86 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Maxim Group LLC [Member] | Inpixon and Superfly Merger Sub Inc. Agreement [Member] | Subsequent Event [Member] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Subsequent Events (Details) [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Cash fee equal amount | $ | $ 800,000 | $ 800,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Common stock per share (in Dollars per share) | $ / shares | $ 0.1523 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Maxim Group LLC [Member] | Inpixon and Superfly Merger Sub Inc. Agreement [Member] | Subsequent Event [Member] | Common Stock [Member] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Subsequent Events (Details) [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Shares of Inpixon common stock (in Shares) | 6,565,988 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
March 2020 Note Purchase Agreement and Promissory Note [Member] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Subsequent Events (Details) [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Outstanding principal amount | $ | $ 400,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Outstanding principal interest | 10% | 10% | 10% | 10% | 10% | 10% | 10% | 10% | 10% | 10% | 10% | 10% | 10% | 10% | 10% | 10% | 10% | 10% | 10% | 10% | 10% | ||||||||||||||||||||||||||||||||||||||||||||
March 2020 Note Purchase Agreement and Promissory Note [Member] | Common Stock [Member] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Subsequent Events (Details) [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Common shares issued for extinguishment of debt (in Shares) | 83,682 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
March 2020 Note Purchase Agreement and Promissory Note [Member] | Subsequent Event [Member] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Subsequent Events (Details) [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Outstanding principal amount | $ | $ 900,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Outstanding principal interest | 10% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
March 2020 Note Purchase Agreement and Promissory Note [Member] | Minimum [Member] | Subsequent Event [Member] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Subsequent Events (Details) [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Common stock price (in Dollars per share) | $ / shares | $ 1.09 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
March 2020 Note Purchase Agreement and Promissory Note [Member] | Maximum [Member] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Subsequent Events (Details) [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Outstanding principal interest | 10% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
March 2020 Note Purchase Agreement and Promissory Note [Member] | Maximum [Member] | Subsequent Event [Member] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Subsequent Events (Details) [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Common stock price (in Dollars per share) | $ / shares | $ 1.682 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
July 2022 Note Purchase Agreement And Promissory Note [Member] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Subsequent Events (Details) [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Outstanding principal interest | 5% | 10% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
July 2022 Note Purchase Agreement And Promissory Note [Member] | Subsequent Event [Member] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Subsequent Events (Details) [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Outstanding principal amount | $ | $ 1,100,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Outstanding principal interest | 10% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
July 2022 Note Purchase Agreement And Promissory Note [Member] | Minimum [Member] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Subsequent Events (Details) [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Outstanding principal interest | 5% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
July 2022 Note Purchase Agreement And Promissory Note [Member] | Minimum [Member] | Subsequent Event [Member] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Subsequent Events (Details) [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Common stock price (in Dollars per share) | $ / shares | $ 0.3336 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
July 2022 Note Purchase Agreement And Promissory Note [Member] | Maximum [Member] | Subsequent Event [Member] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Subsequent Events (Details) [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Common stock price (in Dollars per share) | $ / shares | $ 0.915 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
April 2023 Note Purchase Agreement And Promissory Note [Member] | Inpixon and Superfly Merger Sub Inc. Agreement [Member] | Unsecured Debt [Member] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Subsequent Events (Details) [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Initial principal amount | $ | $ 1,817,980 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
December 2021 Note Purchase Agreement And Promissory Note [Member] | Inpixon and Superfly Merger Sub Inc. Agreement [Member] | Unsecured Debt [Member] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Subsequent Events (Details) [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Initial principal amount | $ | $ 1,007,323 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
December 2021 Note Purchase Agreement And Promissory Note [Member] | Inpixon and Superfly Merger Sub Inc. Agreement [Member] | Subsequent Event [Member] | Unsecured Debt [Member] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Subsequent Events (Details) [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Cash | $ | 507,323 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Outstanding principal | $ | $ 500,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
XTI Promissory Note & Security Agreement [Member] | Inpixon and Superfly Merger Sub Inc. Agreement [Member] | Subsequent Event [Member] | Senior Notes [Member] | XTI Aircraft Company [Member] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Subsequent Events (Details) [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Principal amount | $ | 500,000 | 500,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Aggregate amount | $ | $ 1,775,000 | $ 1,775,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
XTI Promissory Note & Security Agreement [Member] | Inpixon [Member] | Inpixon and Superfly Merger Sub Inc. Agreement [Member] | Subsequent Event [Member] | Senior Notes [Member] | XTI Aircraft Company [Member] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Subsequent Events (Details) [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Outstanding principal interest | 10% | 10% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Aggregate principal amount | $ | $ 2,313,407 | $ 2,313,407 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Principal sum amount | $ | $ 525,000 | $ 525,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Common Class A [Member] | CXApp Inc. [Member] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Subsequent Events (Details) [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Spinoff transaction, conversion ratio | 0.0975222161241519 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Common Class A [Member] | Cardinal Ventures Holdings [Member] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Subsequent Events (Details) [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Company’s common stock (in Shares) | 599,999 | 700,000 | 599,999 | 599,999 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Common Class A [Member] | Subsequent Event [Member] | CXApp Inc. [Member] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Subsequent Events (Details) [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Spinoff transaction, conversion ratio | 0.0975222161241519 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Common Class A [Member] | Subsequent Event [Member] | Cardinal Ventures Holdings [Member] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Subsequent Events (Details) [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Company’s common stock (in Shares) | 599,999 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Common Class A [Member] | March 2020 Note Purchase Agreement and Promissory Note [Member] | Subsequent Event [Member] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Subsequent Events (Details) [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Common shares issued for extinguishment of debt (in Shares) | 611,258 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Common Class A [Member] | July 2022 Note Purchase Agreement And Promissory Note [Member] | Subsequent Event [Member] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Subsequent Events (Details) [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Common shares issued for extinguishment of debt (in Shares) | 2,517,397 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Common Class C [Member] | CXApp Inc. [Member] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Subsequent Events (Details) [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Spinoff transaction, conversion ratio | 0.345760584440175 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Common Class C [Member] | Subsequent Event [Member] | CXApp Inc. [Member] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Subsequent Events (Details) [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Spinoff transaction, conversion ratio | 0.345760584440175 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Game Your Game Note Purchase Agreement [Member] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Subsequent Events (Details) [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Debt, initial aggregate principal amount | $ | $ 100,000 | $ 30,000 | $ 100,000 | $ 100,000 | $ 100,000 | $ 100,000 | $ 100,000 | $ 100,000 | $ 100,000 | $ 100,000 | $ 200,000 | $ 200,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Interest rate percentage | 8% | 8% | 8% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Game Your Game Note Purchase Agreement [Member] | Subsequent Event [Member] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Subsequent Events (Details) [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Debt, initial aggregate principal amount | $ | $ 30,000 |
Discontinued Operations (Detail
Discontinued Operations (Details) - USD ($) $ in Thousands | 3 Months Ended | 12 Months Ended | |||
Mar. 14, 2023 | Mar. 31, 2023 | Mar. 31, 2022 | Dec. 31, 2022 | Dec. 31, 2021 | |
Discontinued Operations (Details) [Line Items] | |||||
Cash used in operating activities | $ 17,800 | $ 10,000 | |||
Cash provided by investing activities | 500 | 400 | |||
Cash used in financing activities | 23,300 | $ 20,400 | |||
Enterprise Apps Business [Member] | |||||
Discontinued Operations (Details) [Line Items] | |||||
Net assets distributed | $ 24,200 | ||||
Discontinued Operations, Disposed of by Means Other than Sale, Spinoff [Member] | Enterprise Apps Business [Member] | |||||
Discontinued Operations (Details) [Line Items] | |||||
Net assets distributed | 24,200 | $ 24,200 | |||
Other comprehensive income | $ 1,200 | $ 1,200 | |||
Cash used in operating activities | 800 | $ 3,000 | |||
Cash provided by investing activities | $ 100 | $ 40 |
Discontinued Operations (Deta_2
Discontinued Operations (Details) - Summary of Certain Selected Components of Discontinued Operations - Discontinued Operations, Disposed of by Means Other than Sale, Spinoff [Member] - Enterprise Apps Business [Member] - USD ($) $ in Thousands | 12 Months Ended | |
Dec. 31, 2022 | Dec. 31, 2021 | |
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items] | ||
Revenues | $ 8,470 | $ 6,368 |
Cost of Revenues | 2,064 | 1,646 |
Gross Profit | 6,406 | 4,722 |
Research and development | 9,323 | 6,704 |
Sales and marketing | 4,996 | 4,763 |
General and administrative | 10,540 | 20,607 |
Acquisition related costs | 16 | 628 |
Impairment of goodwill and intangibles | 5,540 | 11,896 |
Amortization of intangibles | 3,885 | 3,046 |
Total Operating Expenses | 34,300 | 47,644 |
Loss from Operations | (27,894) | (42,922) |
Interest (expense)/income, net | 4 | 1 |
Other income/(expense) | (1) | |
Total Other Income (Expense) | 3 | 1 |
Loss from discontinued operations, before tax | (27,891) | (42,921) |
Income tax (expense)/benefit | (184) | 5,201 |
Loss from discontinued operations, net of tax | (28,075) | (37,720) |
Cash and cash equivalents | 10,000 | 10,000 |
Accounts receivable | 1,338 | 1,764 |
Notes and other receivables | 273 | 106 |
Inventory | 11 | |
Prepaid expenses and other current assets | 650 | 889 |
Current Assets of Discontinued Operations | 12,261 | 12,770 |
Property and equipment, net | 202 | 231 |
Operating Lease Right-of-Use Asset, net | 681 | 723 |
Software development costs, net | 487 | 648 |
Intangible assets, net | 19,289 | 23,468 |
Goodwill | 5,545 | |
Other Assets | 52 | 76 |
Long Term Assets of Discontinued Operations | 20,711 | 30,691 |
Accounts payable | 1,054 | 661 |
Accrued liabilities | 1,736 | 7,882 |
Operating lease obligation, current | 266 | 213 |
Deferred revenue | 2,162 | 3,145 |
Current Liabilities of Discontinued Operations | 5,218 | 11,901 |
Operating lease obligation, noncurrent | 444 | 531 |
Other Liabilities, noncurrent | 28 | 28 |
Long Term Liabilities of Discontinued Operations | $ 472 | $ 559 |
Summary of Significant Accoun_5
Summary of Significant Accounting Policies (Details) - Schedule of Antidilutive Securities Excluded from the Calculation of Diluted Net Loss Per Common Share - shares | 3 Months Ended | 6 Months Ended | 12 Months Ended | |||
Jun. 30, 2023 | Jun. 30, 2022 | Jun. 30, 2023 | Jun. 30, 2022 | Dec. 31, 2022 | Dec. 31, 2021 | |
Schedule of Antidilutive Securities Excluded from the Calculation of Diluted Net Loss Per Common Share [Abstract] | ||||||
Antidilutive securities excluded from computation of earnings | 77,520,857 | 3,664,627 | 41,341,926 | 3,238,000 | 6,563,626 | 2,210,272 |
Options [Member] | ||||||
Schedule of Antidilutive Securities Excluded from the Calculation of Diluted Net Loss Per Common Share [Abstract] | ||||||
Antidilutive securities excluded from computation of earnings | 341,034 | 370,760 | 346,252 | 370,760 | 351,587 | 252,006 |
Warrants [Member] | ||||||
Schedule of Antidilutive Securities Excluded from the Calculation of Diluted Net Loss Per Common Share [Abstract] | ||||||
Antidilutive securities excluded from computation of earnings | 77,179,810 | 1,737,626 | 40,995,661 | 1,310,999 | 6,212,026 | 1,285,428 |
Convertible preferred stock [Member] | ||||||
Schedule of Antidilutive Securities Excluded from the Calculation of Diluted Net Loss Per Common Share [Abstract] | ||||||
Antidilutive securities excluded from computation of earnings | 13 | 1,503,728 | 13 | 1,503,728 | 13 | 525,345 |
Rights to common stock [Member] | ||||||
Schedule of Antidilutive Securities Excluded from the Calculation of Diluted Net Loss Per Common Share [Abstract] | ||||||
Antidilutive securities excluded from computation of earnings | 52,513 | 52,513 | 147,493 |
Disaggregation of Revenue (De_2
Disaggregation of Revenue (Details) - Schedule of Disaggregation of Revenue - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | 12 Months Ended | ||||
Jun. 30, 2023 | Jun. 30, 2022 | Jun. 30, 2023 | Jun. 30, 2022 | Dec. 31, 2022 | Dec. 31, 2021 | ||
Recurring revenue | |||||||
Total Revenue | $ 2,057 | $ 2,576 | $ 5,161 | $ 5,225 | |||
Indoor Intelligence [Member] | |||||||
Recurring revenue | |||||||
Total Revenue | 840 | 1,337 | 2,749 | 2,734 | $ 14,614 | $ 11,046 | |
Saves [Member] | |||||||
Recurring revenue | |||||||
Total Revenue | 743 | 727 | 1,461 | 1,461 | 2,775 | 2,938 | |
Shoom [Member] | |||||||
Recurring revenue | |||||||
Total Revenue | 474 | 512 | 951 | 1,030 | 2,029 | 2,011 | |
Revenue recognized at a point in time [Member] | |||||||
Recurring revenue | |||||||
Total Revenue | 960 | 1,272 | 3,009 | 2,460 | 5,450 | 5,807 | |
Revenue recognized at a point in time [Member] | Indoor Intelligence [Member] | |||||||
Recurring revenue | |||||||
Total Revenue | [1] | 520 | 874 | 2,176 | 1,694 | ||
Revenue recognized at a point in time [Member] | Saves [Member] | |||||||
Recurring revenue | |||||||
Total Revenue | [1] | 440 | 398 | 833 | 766 | ||
Revenue recognized over time [Member] | |||||||
Recurring revenue | |||||||
Total Revenue | 1,097 | 1,304 | 2,152 | 2,765 | |||
Revenue recognized over time [Member] | Indoor Intelligence [Member] | |||||||
Recurring revenue | |||||||
Total Revenue | [2],[3] | 320 | 464 | 573 | 1,041 | ||
Revenue recognized over time [Member] | Saves [Member] | |||||||
Recurring revenue | |||||||
Total Revenue | [3] | 303 | 328 | 628 | 694 | ||
Revenue recognized over time [Member] | Shoom [Member] | |||||||
Recurring revenue | |||||||
Total Revenue | [3] | 474 | 512 | 951 | 1,030 | ||
Recurring revenue [Member] | |||||||
Recurring revenue | |||||||
Total Revenue | 990 | 1,019 | 2,004 | 2,070 | 9,530 | 7,190 | |
Recurring revenue [Member] | Software [Member] | |||||||
Recurring revenue | |||||||
Total Revenue | 990 | 1,019 | 2,004 | 2,070 | |||
Non-recurring revenue [Member] | |||||||
Recurring revenue | |||||||
Total Revenue | 1,067 | 1,557 | 3,157 | 3,155 | $ 19,418 | $ 15,995 | |
Non-recurring revenue [Member] | Software [Member] | |||||||
Recurring revenue | |||||||
Total Revenue | 448 | 355 | 490 | 765 | |||
Non-recurring revenue [Member] | Hardware [Member] | |||||||
Recurring revenue | |||||||
Total Revenue | 512 | 875 | 1,817 | 1,695 | |||
Non-recurring revenue [Member] | Professional Services [Member] | |||||||
Recurring revenue | |||||||
Total Revenue | $ 107 | $ 327 | $ 850 | $ 695 | |||
[1]Hardware and Software’s performance obligation is satisfied at a point in time where when they are shipped to the customer.[2]Professional services are also contracted on the fixed fee and time and materials basis. Fixed fees are paid monthly, in phases, or upon acceptance of deliverables. The Company has elected the practical expedient to recognize revenue for the right to invoice because the Company’s right to consideration corresponds directly with the value to the customer of the performance completed to date, in which revenue is recognized over time.[3]Software As A Service Revenue’s performance obligation is satisfied evenly over the service period using a time -based |
Goodwill and Intangible Asset_6
Goodwill and Intangible Assets (Details) - Schedule of Intangible Assets - USD ($) $ in Thousands | 6 Months Ended | 12 Months Ended |
Jun. 30, 2023 | Dec. 31, 2022 | |
Finite-Lived Intangible Assets [Line Items] | ||
Gross Amount, net of impairment | $ 24,764 | $ 39,324 |
Accumulated Amortization | (3,700) | (12,412) |
Spin-Off | (18,491) | (19,289) |
Net Carrying Amount | 2,573 | $ 2,994 |
Remaining Weighted Average Useful Life | 5 years | |
Impairment | $ (4,629) | |
Intellectual Property [Member] | ||
Finite-Lived Intangible Assets [Line Items] | ||
Gross Amount, net of impairment | 164 | 162 |
Accumulated Amortization | (113) | (91) |
Spin-Off | ||
Net Carrying Amount | $ 51 | 71 |
Remaining Weighted Average Useful Life | 1 year 3 months | |
Impairment | ||
Trademarks and Trade Names [Member] | ||
Finite-Lived Intangible Assets [Line Items] | ||
Gross Amount, net of impairment | $ 1,791 | 3,590 |
Accumulated Amortization | (314) | (1,414) |
Spin-Off | (1,367) | (1,458) |
Net Carrying Amount | $ 110 | 125 |
Remaining Weighted Average Useful Life | 3 years 6 months | |
Impairment | (593) | |
Customer Relationships [Member] | ||
Finite-Lived Intangible Assets [Line Items] | ||
Gross Amount, net of impairment | $ 6,206 | 9,121 |
Accumulated Amortization | (902) | (2,776) |
Spin-Off | (4,454) | (4,636) |
Net Carrying Amount | $ 850 | 960 |
Remaining Weighted Average Useful Life | 1 year 9 months 10 days | |
Impairment | (749) | |
Developed Technology Rights [Member] | ||
Finite-Lived Intangible Assets [Line Items] | ||
Gross Amount, net of impairment | $ 14,766 | 21,777 |
Accumulated Amortization | (1,787) | (5,385) |
Spin-Off | (11,466) | (11,781) |
Net Carrying Amount | $ 1,513 | 1,690 |
Remaining Weighted Average Useful Life | 4 years 10 months 2 days | |
Impairment | (2,921) | |
Noncompete Agreements [Member] | ||
Finite-Lived Intangible Assets [Line Items] | ||
Gross Amount, net of impairment | $ 1,837 | 4,270 |
Accumulated Amortization | (584) | (2,488) |
Spin-Off | (1,204) | (1,414) |
Net Carrying Amount | $ 49 | 148 |
Remaining Weighted Average Useful Life | 3 months | |
Impairment | (220) | |
Webstores And Websites [Member] | ||
Finite-Lived Intangible Assets [Line Items] | ||
Gross Amount, net of impairment | 404 | |
Accumulated Amortization | (258) | |
Spin-Off | ||
Net Carrying Amount | ||
Impairment | $ (146) |
Goodwill and Intangible Asset_7
Goodwill and Intangible Assets (Details) - Schedule of Intangible Assets Future Amortization - USD ($) $ in Thousands | 6 Months Ended | |
Jun. 30, 2023 | Dec. 31, 2022 | |
Schedule of Intangible Assets Future Amortization [Abstract] | ||
December 31, 2023 (for 6 months) | $ 395 | |
December 31, 2024 | 686 | $ 4,663 |
December 31, 2025 | 604 | 3,841 |
December 31, 2026 | 412 | 3,430 |
December 31, 2027 | 325 | $ 2,841 |
December 31, 2028 and thereafter | 151 | |
Net Carrying Amount | $ 2,573 |
Inventory (Details) - Schedul_2
Inventory (Details) - Schedule of Inventory - USD ($) $ in Thousands | Jun. 30, 2023 | Dec. 31, 2022 | Dec. 31, 2021 |
Inventory Disclosure [Abstract] | |||
Raw materials | $ 439 | $ 351 | $ 163 |
Work-in-process | 127 | 127 | 539 |
Finished goods | 2,662 | 1,964 | 1,274 |
Inventory | $ 3,228 | $ 2,442 | $ 1,976 |
Investments in Equity Securit_5
Investments in Equity Securities (Details) - Schedule of Company’s Investment in Shares and Rights of Equity Securities - USD ($) $ in Thousands | Jun. 30, 2023 | Dec. 31, 2022 |
Investments in equity securities- fair value | ||
Cost | $ 66,443 | $ 65,301 |
Fair Value | 1,414 | 330 |
Equity Securities [Member] | ||
Investments in equity securities- fair value | ||
Cost | 55,379 | 54,237 |
Fair Value | 1,412 | 328 |
Rights [Member] | ||
Investments in equity securities- fair value | ||
Cost | 11,064 | 11,064 |
Fair Value | $ 2 | $ 2 |
Other Long Term Investments (_3
Other Long Term Investments (Details) - Schedule of Other Long-Term Investments - Cardinal Ventures Holdings [Member] | Jun. 30, 2023 | Dec. 31, 2022 |
CVH Class A [Member] | ||
Schedule of Equity Method Investments [Line Items] | ||
Ownership interest | 14.10% | |
CVH Class B [Member] | ||
Schedule of Equity Method Investments [Line Items] | ||
Ownership interest | 38.40% | 38.40% |
Accrued Liabilities (Details)_2
Accrued Liabilities (Details) - Schedule of Accrued Liabilities - USD ($) $ in Thousands | Jun. 30, 2023 | Dec. 31, 2022 | Dec. 31, 2021 |
Schedule Of Accrued Liabilities Abstract | |||
Accrued compensation and benefits | $ 903 | $ 655 | |
Accrued interest expense | 1,050 | 1,197 | |
Accrued bonus and commissions | 432 | 426 | |
Accrued transaction costs | 2,075 | ||
Accrued other | 667 | 105 | |
Accrued sales and other indirect taxes payable | 247 | 236 | |
Total accrued liabilities | $ 5,374 | $ 2,619 | $ 2,783 |
Debt (Details) - Schedule of _3
Debt (Details) - Schedule of Short-Term Debt - USD ($) $ in Thousands | Jun. 30, 2023 | Dec. 31, 2022 | Dec. 31, 2021 |
Schedule of Short-Term Debt [Abstract] | |||
Total Short-Term Debt | $ 13,800 | $ 13,643 | $ 3,490 |
July 2022 Promissory Note [Member] | |||
Schedule of Short-Term Debt [Abstract] | |||
Notes payable, current | 4,231 | 6,045 | |
Dec 2022 Promissory Note [Member] | |||
Schedule of Short-Term Debt [Abstract] | |||
Notes payable, current | 8,366 | 6,520 | |
Third Party Note Payable [Member] | |||
Schedule of Short-Term Debt [Abstract] | |||
Notes payable, current | $ 1,203 | $ 1,078 | $ 239 |
Debt (Details) - Schedule of _4
Debt (Details) - Schedule of Short-Term Debt (Parentheticals) - USD ($) $ in Thousands | Jun. 30, 2023 | Dec. 31, 2022 |
July 2022 Promissory Note [Member] | ||
Schedule of Short-Term Debt [Abstract] | ||
Debt instrument, discount | $ 85 | $ 760 |
Dec 2022 Promissory Note [Member] | ||
Schedule of Short-Term Debt [Abstract] | ||
Debt instrument, discount | $ 1,013 | $ 1,880 |
Stock Award Plans and Stock-B_7
Stock Award Plans and Stock-Based Compensation (Details) - Schedule of Stock Option Activity - shares | 6 Months Ended | 12 Months Ended | |
Jun. 30, 2023 | Dec. 31, 2022 | Dec. 31, 2021 | |
Stock Award Plans and Stock-Based Compensation (Details) - Schedule of Stock Option Activity [Line Items] | |||
Beginning balance | 351,587 | ||
Granted | |||
Exercised | 277,000 | ||
Expired | (52,496) | (14,467,000) | (3,074,000) |
Forfeited | (9,273) | ||
Ending balance | 289,818 | 351,587 | |
2011 Plan [Member] | |||
Stock Award Plans and Stock-Based Compensation (Details) - Schedule of Stock Option Activity [Line Items] | |||
Beginning balance | 57 | ||
Granted | |||
Exercised | |||
Expired | (10) | (16,000) | (23,000) |
Forfeited | |||
Ending balance | 47 | 57 | |
2018 Plan [Member] | |||
Stock Award Plans and Stock-Based Compensation (Details) - Schedule of Stock Option Activity [Line Items] | |||
Beginning balance | 351,529 | ||
Granted | |||
Exercised | 277,000 | ||
Expired | (52,486) | (14,451,000) | (3,051,000) |
Forfeited | (9,273) | ||
Ending balance | 289,770 | 351,529 | |
Non Plan [Member] | |||
Stock Award Plans and Stock-Based Compensation (Details) - Schedule of Stock Option Activity [Line Items] | |||
Beginning balance | 1 | ||
Granted | |||
Exercised | |||
Expired | |||
Forfeited | |||
Ending balance | 1 | 1 |
Stock Award Plans and Stock-B_8
Stock Award Plans and Stock-Based Compensation (Details) - Schedule of Share-based Payment Arrangement, Restricted Stock and Restricted Stock Unit, Activity | 6 Months Ended |
Jun. 30, 2023 shares | |
Schedule Of Share Based Payment Arrangement Restricted Stock And Restricted Stock Unit Activity Abstract | |
Beginning balance | 42,968 |
Granted | |
Exercised | |
Expired | |
Forfeited | |
Ending balance | 42,968 |
Warrants (Details) - Schedule_2
Warrants (Details) - Schedule of Stockholders' Equity Note, Warrants or Rights - shares | 6 Months Ended | 12 Months Ended | |
Jun. 30, 2023 | Dec. 31, 2022 | Dec. 31, 2021 | |
Schedule of Stockholders' Equity Note, Warrants or Rights [Abstract] | |||
Beginning balance | 6,212,026 | ||
Exercisable | 153,846,260 | 234,834,000 | |
Granted | 150,000,000 | 132,669,000 | 190,476,000 |
Exercised | (1,380,000) | ||
Expired | (1,224) | (18,621,000) | (7,882,000) |
Exchanged | (984,542) | ||
Ending balance | 153,846,260 | 6,212,026 |
Segments (Details) - Schedule o
Segments (Details) - Schedule of Revenues and Gross Profit Segments - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | 12 Months Ended | |||
Jun. 30, 2023 | Jun. 30, 2022 | Jun. 30, 2023 | Jun. 30, 2022 | Dec. 31, 2022 | Dec. 31, 2021 | |
Revenue, Major Customer [Line Items] | ||||||
Total segment revenue | $ 2,057 | $ 2,576 | $ 5,161 | $ 5,225 | ||
Gross profit by Segment | 1,667 | 1,720 | 3,981 | 3,572 | ||
Income (loss) from operations by Segment | (6,657) | (9,373) | (14,839) | (18,611) | ||
Indoor Intelligence [Member] | ||||||
Revenue, Major Customer [Line Items] | ||||||
Total segment revenue | 840 | 1,337 | 2,749 | 2,734 | $ 14,614 | $ 11,046 |
Gross profit by Segment | 597 | 804 | 1,891 | 1,741 | 10,411 | 7,833 |
Income (loss) from operations by Segment | (6,733) | (8,646) | (14,849) | (17,660) | ||
Saves [Member] | ||||||
Revenue, Major Customer [Line Items] | ||||||
Total segment revenue | 743 | 727 | 1,461 | 1,461 | 2,775 | 2,938 |
Gross profit by Segment | 655 | 481 | 1,274 | 974 | 1,781 | 2,072 |
Income (loss) from operations by Segment | (144) | (975) | (439) | (1,379) | ||
Shoom [Member] | ||||||
Revenue, Major Customer [Line Items] | ||||||
Total segment revenue | 474 | 512 | 951 | 1,030 | 2,029 | 2,011 |
Gross profit by Segment | 415 | 435 | 816 | 857 | $ 1,737 | $ 1,716 |
Income (loss) from operations by Segment | $ 220 | $ 248 | $ 449 | $ 428 |
Fair Value of Financial Instr_5
Fair Value of Financial Instruments (Details) - Schedule of Fair Value of Assets - USD ($) $ in Thousands | Jun. 30, 2023 | Dec. 31, 2022 | Mar. 31, 2022 | Dec. 31, 2021 | Mar. 31, 2021 |
Schedule of Fair Value of Assets [Abstract] | |||||
Investments in equity securities | $ 1,414 | $ 330 | $ 1,838 | ||
Total assets | 1,414 | 330 | 44,963 | ||
Level 1 [Member] | |||||
Schedule of Fair Value of Assets [Abstract] | |||||
Investments in equity securities | 1,403 | 319 | $ 319 | ||
Total assets | 1,403 | 319 | $ 319 | $ 43,125 | |
Level 2 [Member] | |||||
Schedule of Fair Value of Assets [Abstract] | |||||
Investments in equity securities | |||||
Total assets | |||||
Level 3 [Member] | |||||
Schedule of Fair Value of Assets [Abstract] | |||||
Investments in equity securities | 11 | 11 | 1,838 | ||
Total assets | $ 11 | $ 11 | $ 1,838 |
Fair Value of Financial Instr_6
Fair Value of Financial Instruments (Details) - Schedule of Reconciliation of Assets for Level 3 Investments $ in Thousands | 6 Months Ended |
Jun. 30, 2023 USD ($) | |
Schedule of Reconciliation of Assets for Level 3 Investments [Abstract] | |
Beginning balance | $ 11 |
Unrealized loss on equity securities | |
Ending balance | $ 11 |
Foreign Operations (Details) _2
Foreign Operations (Details) - Schedule of Financial Data By Geographic Area - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | 12 Months Ended | |||
Jun. 30, 2023 | Jun. 30, 2022 | Jun. 30, 2023 | Jun. 30, 2022 | Dec. 31, 2022 | Dec. 31, 2021 | |
Reportable Geographical Components [Member] | ||||||
Foreign Operations (Details) - Schedule of Financial Data By Geographic Area [Line Items] | ||||||
Revenues by geographic area | $ 2,057 | $ 2,576 | $ 5,161 | $ 5,225 | $ 19,418 | $ 15,995 |
Operating (loss) income by geographic area | (6,657) | (9,373) | (14,839) | (18,611) | 56,700 | 72,743 |
Net (loss) income from continuing operations by geographic area | (7,329) | (8,965) | (19,651) | (19,748) | ||
Identifiable assets by geographic area | 30,445 | 30,445 | 57,635 | |||
Long lived assets by geographic area | 5,129 | 5,129 | 5,854 | |||
Geography Eliminations [Member] | ||||||
Foreign Operations (Details) - Schedule of Financial Data By Geographic Area [Line Items] | ||||||
Revenues by geographic area | (483) | (142) | (1,038) | (232) | (3,091) | (3,251) |
Operating (loss) income by geographic area | 1 | (1) | 3 | 11 | ||
Net (loss) income from continuing operations by geographic area | (10) | 1 | ||||
Identifiable assets by geographic area | (42,565) | (42,565) | (102,223) | |||
Long lived assets by geographic area | ||||||
UNITED STATES | Reportable Geographical Components [Member] | ||||||
Foreign Operations (Details) - Schedule of Financial Data By Geographic Area [Line Items] | ||||||
Revenues by geographic area | 1,340 | 1,427 | 3,255 | 2,970 | 13,458 | 10,990 |
Operating (loss) income by geographic area | (5,394) | (6,512) | (12,756) | (14,181) | 42,852 | 60,450 |
Net (loss) income from continuing operations by geographic area | (6,152) | (6,144) | (17,685) | (15,415) | ||
Identifiable assets by geographic area | 51,794 | 51,794 | 133,382 | |||
Long lived assets by geographic area | 2,294 | 2,294 | 2,538 | |||
CANADA | Reportable Geographical Components [Member] | ||||||
Foreign Operations (Details) - Schedule of Financial Data By Geographic Area [Line Items] | ||||||
Revenues by geographic area | 2,061 | 2,638 | ||||
Operating (loss) income by geographic area | 7,177 | 6,451 | ||||
Net (loss) income from continuing operations by geographic area | ||||||
Identifiable assets by geographic area | 5,484 | |||||
Long lived assets by geographic area | ||||||
INDIA | Reportable Geographical Components [Member] | ||||||
Foreign Operations (Details) - Schedule of Financial Data By Geographic Area [Line Items] | ||||||
Revenues by geographic area | 294 | 141 | 793 | 267 | 1,830 | 1,626 |
Operating (loss) income by geographic area | 16 | 45 | 120 | 84 | (208) | (146) |
Net (loss) income from continuing operations by geographic area | 19 | 45 | 124 | 84 | ||
Identifiable assets by geographic area | 712 | 712 | 682 | |||
Long lived assets by geographic area | 23 | 23 | 3 | |||
GERMANY | Reportable Geographical Components [Member] | ||||||
Foreign Operations (Details) - Schedule of Financial Data By Geographic Area [Line Items] | ||||||
Revenues by geographic area | 763 | 1,023 | 1,918 | 1,971 | 4,583 | 3,593 |
Operating (loss) income by geographic area | (1,092) | (2,690) | (1,923) | (4,108) | 6,121 | 5,629 |
Net (loss) income from continuing operations by geographic area | (1,009) | (2,639) | (1,811) | (4,012) | ||
Identifiable assets by geographic area | 20,056 | 20,056 | 19,599 | |||
Long lived assets by geographic area | 2,810 | 2,810 | 3,308 | |||
UNITED KINGDOM | Reportable Geographical Components [Member] | ||||||
Foreign Operations (Details) - Schedule of Financial Data By Geographic Area [Line Items] | ||||||
Revenues by geographic area | 139 | 125 | 229 | 243 | 406 | 392 |
Operating (loss) income by geographic area | (1) | 46 | (5) | 59 | (17) | 2 |
Net (loss) income from continuing operations by geographic area | (1) | 46 | (5) | 59 | ||
Identifiable assets by geographic area | 362 | 362 | 277 | |||
Long lived assets by geographic area | 1 | |||||
IRELAND | Reportable Geographical Components [Member] | ||||||
Foreign Operations (Details) - Schedule of Financial Data By Geographic Area [Line Items] | ||||||
Revenues by geographic area | 4 | 2 | 4 | 6 | 6 | 7 |
Operating (loss) income by geographic area | (186) | (263) | (275) | (464) | 673 | 346 |
Net (loss) income from continuing operations by geographic area | (186) | (263) | (275) | (464) | ||
Identifiable assets by geographic area | 86 | 86 | 19 | |||
Long lived assets by geographic area | 2 | 2 | 4 | |||
PHILIPPINES | Reportable Geographical Components [Member] | ||||||
Foreign Operations (Details) - Schedule of Financial Data By Geographic Area [Line Items] | ||||||
Revenues by geographic area | 165 | |||||
Operating (loss) income by geographic area | 99 | |||||
Net (loss) income from continuing operations by geographic area | ||||||
Identifiable assets by geographic area | 415 | |||||
Long lived assets by geographic area |
Leases (Details) - Schedule o_4
Leases (Details) - Schedule of Right-of-Use Assets - USD ($) $ in Thousands | Jun. 30, 2023 | Dec. 31, 2022 | Dec. 31, 2021 |
Leases (Details) - Schedule of Right-of-Use Assets [Line Items] | |||
Less accumulated amortization | $ (1,113) | $ (986) | |
Right-of-use asset, net | 434 | 531 | $ 1,013 |
Palo Alto, CA Office [Member] | |||
Leases (Details) - Schedule of Right-of-Use Assets [Line Items] | |||
Right-of-use asset, before accumulated amortization | 630 | 630 | |
Hyderabad, India Office [Member] | |||
Leases (Details) - Schedule of Right-of-Use Assets [Line Items] | |||
Right-of-use asset, before accumulated amortization | 19 | ||
Ratingen, Germany Office [Member] | |||
Leases (Details) - Schedule of Right-of-Use Assets [Line Items] | |||
Right-of-use asset, before accumulated amortization | 86 | 85 | |
Berlin, Germany Office [Member] | |||
Leases (Details) - Schedule of Right-of-Use Assets [Line Items] | |||
Right-of-use asset, before accumulated amortization | 514 | 508 | |
Frankfurt, Germany Office [Member] | |||
Leases (Details) - Schedule of Right-of-Use Assets [Line Items] | |||
Right-of-use asset, before accumulated amortization | $ 298 | $ 294 |
Leases (Details) - Schedule o_5
Leases (Details) - Schedule of Lease Liability - USD ($) $ in Thousands | 6 Months Ended | 12 Months Ended | |
Jun. 30, 2023 | Dec. 31, 2022 | Dec. 31, 2021 | |
Schedule Of Lease Liability Abstract | |||
Total lease liability | $ 445 | $ 545 | |
Less: short term portion | (200) | (211) | $ (430) |
Long term portion | $ 245 | $ 334 |
Leases (Details) - Schedule o_6
Leases (Details) - Schedule of Maturity Analysis Under the Lease Agreement - USD ($) $ in Thousands | Dec. 31, 2022 | Dec. 31, 2008 |
Schedule Of Maturity Analysis Under The Lease Agreement Abstract | ||
Six months ending December 31, 2023 | $ 539 | $ 108 |
Year ending December 31, 2024 | 454 | 216 |
Year ending December 31, 2025 | 275 | 109 |
Year ending December 31, 2026 | 98 | 41 |
Year ending December 31, 2027 | ||
Year ending December 31, 2028 and thereafter | ||
Total | 1,366 | 474 |
Less: Present value discount | (111) | (29) |
Lease liability | $ 1,255 | $ 445 |
Discontinued Operations (Deta_3
Discontinued Operations (Details) - Schedule of Distributed Assets and Liabilities Included in the Foreign Operations - Enterprise Apps Business [Member] - USD ($) | 3 Months Ended | 6 Months Ended | |
Jun. 30, 2022 | Jun. 30, 2023 | Jun. 30, 2022 | |
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items] | |||
Revenues | $ 2,149 | $ 1,620 | $ 4,731 |
Cost of Revenues | 540 | 483 | 1,129 |
Gross Profit | 1,609 | 1,137 | 3,602 |
Operating Expenses | |||
Research and development | 2,430 | 1,514 | 4,421 |
Sales and marketing | 1,570 | 988 | 2,676 |
General and administrative | 2,497 | 1,644 | 3,914 |
Earnout compensation benefit | (2,827) | ||
Acquisition related costs | 10 | 16 | |
Transaction costs | 1,043 | ||
Impairment of goodwill | 5,540 | 5,540 | |
Amortization of intangibles | 973 | 805 | 1,948 |
Total Operating Expenses | 13,020 | 5,994 | 15,688 |
Loss from Operations | (11,411) | (4,857) | (12,086) |
Interest (expense)/income, net | 8 | 1 | 9 |
Other income/(expense) | |||
Total Other Income (Expense) | 8 | 1 | 9 |
Loss from discontinued operations, before tax | (11,403) | (4,856) | (12,077) |
Income tax provision | 38 | (62) | |
Loss from discontinued operations, net of tax | $ (11,365) | $ (4,856) | $ (12,139) |
Discontinued Operations (Deta_4
Discontinued Operations (Details) - Schedule of Summarizes Certain Assets and Liabilities of Discontinued Operations - Discontinued Operations [Member] $ in Thousands | Dec. 31, 2022 USD ($) |
Discontinued Operations (Details) - Schedule of Summarizes Certain Assets and Liabilities of Discontinued Operations [Line Items] | |
Cash and cash equivalents | $ 10,000 |
Accounts receivable | 1,338 |
Prepaid expenses and other current assets | 923 |
Current Assets of Discontinued Operations | 12,261 |
Property and equipment, net | 202 |
Operating Lease Right-of-Use Asset, net | 681 |
Software development costs, net | 487 |
Intangible assets, net | 19,289 |
Other Assets | 52 |
Long Term Assets of Discontinued Operations | 20,711 |
Accounts payable | 1,054 |
Accrued liabilities | 1,736 |
Operating lease obligation, current | 266 |
Deferred revenue | 2,162 |
Current Liabilities of Discontinued Operations | 5,218 |
Operating lease obligation, noncurrent | 444 |
Other Liabilities, noncurrent | 28 |
Long Term Liabilities of Discontinued Operations | $ 472 |