0001079973-24-000791 | 10-Q | XBRL Viewer

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Current and Non-current financial liabilities, net (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Dec. 31, 2023	Nov. 13, 2023
Debt Instrument [Line Items]
Total Financial Liabilities, net	$ 16,283	$ 15,370
Current financial liabilities net	14,708	13,528
Non current financial liabilities net	$ 1,575	1,842
Secured Convertible Loan Net [Member]
Debt Instrument [Line Items]
Interest rate	9.00%
Maturity Date	2024
Total Financial Liabilities, net	$ 3,226	3,764
Convertible Debt [Member]
Debt Instrument [Line Items]
Interest rate	5.00%		15.00%
Maturity Date	2024
Total Financial Liabilities, net	$ 4,432	3,217
Unsecured Loans Net [Member]
Debt Instrument [Line Items]
Interest rate	2.00%
Maturity Date	Various
Total Financial Liabilities, net	$ 6,400	7,715
Related Party Promissory Note [Member]
Debt Instrument [Line Items]
Interest rate	0.00%
Maturity Date	2025
Total Financial Liabilities, net	$ 1,505
Other Financial Liabilities [Member]
Debt Instrument [Line Items]
Maturity Date	Various
Total Financial Liabilities, net	$ 720	$ 672

Share based compensation expenses (Tables)

3 Months Ended

Mar. 31, 2024

Retirement Benefits [Abstract]

Schedule of stock-based compensation expenses


	Three Months Ended March 31,
	2024		2023
Cost of revenue		1		2
Research and development		12		31
Sales and marketing		8		26
SEPA financial expenses		—		186
General and administrative		21		518
Total Share based compensation expenses, net		42		762
*Of which related to shares not issued for services* *rendered during the period, accrued as Account payables*				344

Segment and geographic information (Details 2) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Revenue	$ 3,307	$ 4,004
ITALY
Revenue	1,058	1,273
UNITED STATES
Revenue	2,173	2,644
All Other Countries [Member]
Revenue	$ 77	$ 87

Leases (Tables)

3 Months Ended

Mar. 31, 2024

Leases [Abstract]

Schedule of operating lease liabilities

Schedule of operating lease liabilities
	Three Months Ended March 31,
	2024		2023
Cost of revenues	$	160	$	386
General and administrative		41		295
Total Operating lease expenses	$	201	$	681

Schedule of future minimum lease payments


*Year ending December 31,*	Operating Leases
2024	$	330
2025		184
2026		191
Thereafter		213
Total minimum lease payments	$	917

Insider Trading Arrangements	3 Months Ended
Insider Trading Arrangements	Mar. 31, 2024
Insider Trading Arrangements [Line Items]
Rule 10b5-1 Arrangement Adopted	false
Non-Rule 10b5-1 Arrangement Adopted	false
Rule 10b5-1 Arrangement Terminated	false
Non-Rule 10b5-1 Arrangement Terminated	false

Current and Non-current financial liabilities, net (Details Narrative) - USD ($) $ / shares in Units, $ in Thousands				1 Months Ended		3 Months Ended
	Dec. 08, 2023	Nov. 13, 2023	Jul. 15, 2022	Mar. 26, 2024	Dec. 28, 2023	Mar. 31, 2024
Investor [Member]
Debt Instrument [Line Items]
Principal amount			$ 2,210
Interest rate			6.75%
Oustanding principal						$ 2,381
Secured Convertible Loan [Member]
Debt Instrument [Line Items]
Principal amount	$ 5,750
Discount percentage	37.50%
Maturity date	Dec. 08, 2024
Interest rate	9.25%
Conversion price	$ 1.25
Oustanding principal						5,916
Debt discount						$ 1,484
Convertible Debt [Member]
Debt Instrument [Line Items]
Principal amount		$ 4,000
Discount percentage		15.00%				5.00%
Maturity date		Dec. 31, 2024
Interest rate		15.00%
Conversion price		$ 37.50
Oustanding principal						$ 3,521
Debt discount						295
Periodic payments						122
Wheels Unsecured Debts [Member]
Debt Instrument [Line Items]
Conversion of amount					$ 734
Conversion of shares					928,942
Gain on issuance of shares				$ 728
Related Party Promissory Notes [Member] \| Palella Holdings LLC [Member]
Debt Instrument [Line Items]
Proceeds from related-party promissory notes						$ 1,505

Description of Business and Basis of Presentation

3 Months Ended

Mar. 31, 2024

Accounting Policies [Abstract]

Description of Business and Basis of Presentation

1. Description of Business and Basis of Presentation

Description of Business

micromobility.com, Inc. (formerly known as Helbiz, Inc., and, together with its subsidiaries, “micromobility.com” or the “Company”) was incorporated in the state of Delaware in October 2015 with its headquarters in New York, New York. The Company is an intra-urban transportation company that seeks to help urban areas reduce their dependency on individually owned cars by offering affordable, accessible, and sustainable forms of personal transportation, specifically addressing first and last mile transport.

Founded on proprietary technology platforms, the Company’s core business is the offering of electric vehicles in the sharing environment. Through its Mobility App, the Company offers an intra-urban transportation solution that allows users to instantly rent electric vehicles.

The Company currently has electric vehicles operating in the United States and Europe.

Basis of Presentation

These accompanying unaudited condensed consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”) and include the accounts of the Company and its wholly-owned subsidiaries. All intercompany balances and transactions have been eliminated.

The Company uses the U.S. dollar as the functional currency. For foreign subsidiaries where the U.S. dollar is the functional currency, gains, and losses from remeasurement of foreign currency balances into U.S. dollars are included in the condensed consolidated statements of operations. For the foreign subsidiary where the local currency is the functional currency, translation adjustments of foreign currency financial statements into U.S. dollars are recorded to a separate component of accumulated other comprehensive loss.

The condensed consolidated balance sheet as of December 31, 2023, included herein was derived from the audited financial statements as of that date. Certain information and note disclosures normally included in the financial statements prepared in accordance with U.S. GAAP have been condensed or omitted pursuant to such rules and regulations. As such, the information included in this Quarterly Report on Form 10-Q should be read in conjunction with the audited consolidated financial statements and the related notes thereto as of, and for the year ended, December 31, 2023, included in our Annual Report on Form 10-K.

The accompanying unaudited condensed consolidated financial statements have been prepared on the same basis as the annual consolidated financial statements and, in the opinion of management, reflect all adjustments, which include only normal recurring adjustments, necessary to state fairly the Company’s financial position, results of operations, comprehensive loss, stockholders’ equity, and cash flows, but are not necessarily indicative of the results of operations to be anticipated for any future annual or interim period.

Property, equipment and vehicle deposits, net (Tables)

3 Months Ended

Mar. 31, 2024

Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]

Schedule of consolidated income statement


	March 31,			December 31,
	2024			2023
Sharing electric vehicles	$	13,100		$	14,702
Furniture, fixtures, and equipment		1,287			1,379
Computers and software		1,063			1,069
Leasehold improvements		1,791			1,758
Total property and equipment, gross		17,241			18,908
Less: accumulated depreciation		(15,232	)		(16,473	)
Total property and equipment, net	$	2,009		$	2,435

Schedule of consolidated income statement


	Three Months Ended March 31,
	2024		2023
Cost of revenues	$	350	$	1,351
Research & Development		15		15
General & administrative		156	$	108
Total depreciation and loss on disposal expenses	$	521	$	1,474

Segment and geographic information (Details 1) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Revenue	$ 571	$ 3,919
ITALY
Revenue	59	3,148
UNITED STATES
Revenue	385	771
All Other Countries [Member]
Revenue	$ 127

- Definition

Amount of revenue recognized from goods sold, services rendered, insurance premiums, or other activities that constitute an earning process. Includes, but is not limited to, investment and interest income before deduction of interest expense when recognized as a component of revenue, and sales and trading gain (loss).

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+ Details

Segment and geographic information (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Total Revenue	$ 571	$ 3,919
Total Cost of revenues	(908)	(11,067)
Research and development	(175)	(843)
Sales and marketing	(275)	(1,239)
General and administrative	(3,529)	(6,232)
Loss from operations	(4,316)	(15,463)
Mobility [Member]
Total Revenue	432	2,086
Total Cost of revenues	(778)	(5,610)
Media [Member]
Total Revenue	12	1,578
Total Cost of revenues	(1)	(4,608)
All Other [Member]
Total Revenue	127	255
Total Cost of revenues	$ (129)	$ (849)

- Definition

The aggregate cost of goods produced and sold and services rendered during the reporting period.

Property, equipment and vehicle deposits, net

3 Months Ended

Mar. 31, 2024

Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]

Property, equipment and vehicle deposits, net

5. Property, equipment and vehicle deposits, net

Property, equipment and vehicle deposits, net consist of the following:


	March 31,			December 31,
	2024			2023
Sharing electric vehicles	$	13,100		$	14,702
Furniture, fixtures, and equipment		1,287			1,379
Computers and software		1,063			1,069
Leasehold improvements		1,791			1,758
Total property and equipment, gross		17,241			18,908
Less: accumulated depreciation		(15,232	)		(16,473	)
Total property and equipment, net	$	2,009		$	2,435

The following table summarizes the loss on disposal and depreciation expenses recorded in the condensed consolidated statement of operations for the three months ended on March 31, 2024, and 2023.


	Three Months Ended March 31,
	2024		2023
Cost of revenues	$	350	$	1,351
Research & Development		15		15
General & administrative		156	$	108
Total depreciation and loss on disposal expenses	$	521	$	1,474

Leases (Details 1) - Operating Lease [Member] $ in Thousands	Mar. 31, 2024 USD ($)
2024	$ 330
2025	184
2026	191
Thereafter	213
Total minimum lease payments	$ 917

Standby Equity Purchase Agreements (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Standby Equity Purchase Agreement
SEPAs transaction costs		$ (1,611)
Other SEPA financial income (expenses), net	(102)	(597)
Total SEPA financial income (expenses), net	$ (102)	$ (2,208)

Net Loss Per Share - Dilutive outstanding shares (Tables)

3 Months Ended

Mar. 31, 2024

Earnings Per Share [Abstract]

Schedule of dilutive outstanding shares

Schedule of dilutive outstanding shares
	Three months ended March 31,
	2024		2023
Equity Incentive Plan - Common Stock Purchase Option		1,050		1,097
Convertible Notes		4,826,315		4,475
Common Stocks to be issued outside equity incentive Plans		28,397		714
Common Stock Purchase Warrants		2,641		1,578
Total number of Common Shares not included in the EPS Basic and diluted		4,858,403		7,864

Accrued expenses and other current liabilities

3 Months Ended

Mar. 31, 2024

Payables and Accruals [Abstract]

Accrued expenses and other current liabilities

6. Accrued expenses and other current liabilities

Accrued expenses and other current liabilities consist of the following:


	March 31,		December 31,
	2024		2023
Legal contingencies – refer to Note 9 Commitments and Contingencies	$	5,969	$	3,978
Payroll liabilities		3,207		3,144
Accrued expenses		2,354		2,427
Total accrued expenses and other current liabilities	$	11,530	$	9,549

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Operating activities
Net loss	$ (4,519)	$ (19,554)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:
Depreciation and amortization	449	1,784
Loss on disposal of assets	73	10
Non-cash interest expenses and amortization of debt discount	784	510
Amortization of Right-of-use assets	118	462
Share-based compensation	42	762
(Gain) or Loss on extinguishment of debts	(728)
Other non-cash activities	2	(33)
Changes in operating assets and liabilities:
Accounts receivables	(1,125)	793
Prepaid and other assets	1,029	2,706
Accounts payables	(3,279)	(63)
Accrued expenses and other current liabilities	5,276	(309)
Other non-current liabilities	(26)	44
Net cash used in operating activities	(1,904)	(12,886)
Investing activities
Purchase of property, equipment, and vehicle deposits	(60)	(202)
Purchase of intangible assets		(154)
Net cash used in investing activities	(60)	(356)
Financing activities
Gross proceeds from issuance of financial liabilities	110	4,190
Repayment of financial liabilities	(655)	(8,671)
Proceeds from issuance of financial liabilities, due to related party - Officer	1,505
Payments of offering costs and underwriting discounts and commissions		(15)
Gross proceeds from sale of Class A common shares	564	18,105
Net cash provided by financing activities	1,524	13,609
Increase (decrease) in cash and cash equivalents, and restricted cash	(440)	367
Effect of exchange rate changes	424	(145)
Net increase (decrease) in cash and cash equivalents, and restricted cash	(16)	222
Cash and cash equivalents, and restricted cash, beginning of year	143	736
Cash and cash equivalents, and restricted cash, end of year	127	958
Cash and cash equivalents	127	648
Restricted cash, included in Current assets		310
Supplemental disclosure of cash flow information
Interest	73	1,186
Income taxes, net of refunds		3
Non-cash investing & financing activities
Issuance of common shares – for Conversion of Convertible Notes		1,296
Issuance of common shares – for conversion of Series A Preferred Shares		945
Issuance of common shares - for Settlement of Payroll Liabilities		78
Issuance of common shares – for purchasing Intangible Assets		50
Issuance of common shares – for conversion of financial liabilities	6
Lease agreements early termination	286
Recognition of new lease agreements		$ 761

Current and Non-current financial liabilities, net

3 Months Ended

Mar. 31, 2024

Current And Non-current Financial Liabilities Net

Current and Non-current financial liabilities, net

7. Current and Non-current financial liabilities, net

The Company's Financial liabilities consisted of the following:

Schedule of financial liabilities
	Weighted Average Interest Rate			Maturity Date		March 31, 2024		December 31, 2023
Secured Convertible loan, net		9	%		2024		3,226		3,764
Convertible debts, net		5	%		2024		4,432		3,217
Unsecured loans, net		2	%		Various		6,400		7,715
Related-Party Promissory Note		0	%		2025		1,505		—
Other financial liabilities		N/A			Various		720		672
Total Financial Liabilities, net							16,283		15,370
Of which classified as Current Financial Liabilities, net							14,708		13,528
Of which classified as Non-Current Financial Liabilities, net							1,575		1,842

The table below shows the amounts recorded as Interest expense, net on the statements of operations for the three months ended on March 31, 2024, and March 31, 2023:

Schedule of interest expense
	Three months Ended March 31,
	2024			2023
Secured Convertible loan	$	(668	)	$	—
Convertible debt		(130	)		(932	)
Secured loan		—			(540	)
Unsecured loans		(59	)		(224	)
Other interest income (expenses)		(7	)		(5	)
Total Interest expenses, net	$	(864	)	$	(1,701	)

Secured convertible loan

On December 8, 2023, the Company entered into a Secured Loan Agreement with YA II PN, Ltd. (the “Note holder”). The secured loan has a principal amount of $5,750, with 37.5% issuance discount, December 8, 2024 as maturity date, 9.25% as annum interest rate and 13.25% as annum default interest rate.

The secured loan shall be convertible into shares of the Company’s Class A common stock at the option of the Note Holder, who could convert any portion of the outstanding and unpaid conversion amount into fully paid and nonassessable shares of Common Stock in accordance with the Conversion Price defined as $1.25.

As of March 31, 2024, the Company has $5,916 outstanding as principal and accumulated interests, partially offset by $1,484 of debt discount.

Convertible debt

On November 13, 2023, the Company entered into a Convertible debt with YA II PN, Ltd. (the “Note holder”). The convertible debt has a principal amount of $4,000, with 15% issuance discount, 5% as annum interest rate, 15% as annum default interest rate and March 31, 2024 as maturity date. During 2024, the Company and the Note holder amended the original maturity date from March 31, 2024 to December 31, 2024.

The debt shall be convertible into shares of the Company’s Class A common stock at the option of the Note Holder, who could convert any portion of the outstanding and unpaid conversion amount into fully paid and nonassessable shares of Common Stock in accordance with the Conversion Price defined as $37.50.

During the three months ended March 31, 2024, the Company partially repaid in cash for a cumulative payment of $122 (of which $116 was principal, and $6 were payment premium).

As a result of the above repayments, on March 31, 2024, the Company has $3,521 as outstanding principal and accumulated interest, partially offset by $295 of debt issuance discount.

Unsecured loans

2022 unsecured note

On July 15, 2022, the Company issued an Unsecured Note to an investor in exchange for 2,000 Euro (approximately $2,210) with 6.75% as interest on an annual basis. In March 2024, the Company entered into a Settlement agreement with the Note holder pursuant to which the Company’s obligations under the original agreements, amounting to $2,381 (2,202 Euro), will be satisfied in exchange of a payment of $1,102 (995 Euro), to be paid within June 30, 2024. As of March 31, 2024, the Company has $2,381 as outstanding principal and accumulated interest recorded as Short-term financial liabilities.

Wheels unsecured debts

On December 28, 2023, the Company entered into a second Loan Amendment which restructured the loan with the following terms and conditions:

•

$1,400 of the amount outstanding to be paid in cash on the earliest of: a) December 15, 2024, b) the date the Company will receive gross cash proceeds of at least $3 million from the offer and sale of any combination of Company’s equity securities or debt securities in a single transaction, or c) the date the Company will receive aggregate gross cash proceeds of at least $6 million from the offer and sale of any combination of Company’s equity securities or debt securities over the course of any series of transactions commencing from December 28, 2023. The interest shall cease to accrue from the amendment date; and

•

$734 of the amount outstanding converted into 928,942 shares of Class A Common Stock.

The Company issued the 928,942 shares of Class A Common Stock on March 26, 2024, recording a gain amounted to $728 for the reduction of the Company’s share price from the Amendment date to the issuance date.

Related-Party Promissory Notes

During the three months ended March 31, 2024, Palella Holdings LLC, an entity in which the Company’s CEO is the sole shareholder, provided to the Company $1,505. The Company has to repay Palella Holdings LLC $1,505 on an interest free basis on January 31, 2025.

Revenue Recognition (Details 1) $ in Thousands	3 Months Ended
Revenue Recognition (Details 1) $ in Thousands	Mar. 31, 2024 USD ($)
Beginning Balance	$ 1,558
Deferred revenue fx rate adjustment	(4)
Deferred revenue additions	3,863
Revenues	(559)
Ending Balance	4,858
Mobility [Member]
Beginning Balance	1,558
Deferred revenue fx rate adjustment	(4)
Deferred revenue additions	354
Revenues	(432)
Ending Balance	1,476
Media Related Party [Member]
Beginning Balance
Deferred revenue fx rate adjustment
Deferred revenue additions	3,184
Revenues
Ending Balance	3,184
Other Related Party [Member]
Beginning Balance
Deferred revenue fx rate adjustment
Deferred revenue additions	325
Revenues	(127)
Ending Balance	$ 198

- Definition

Amount, including tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value-added and excise.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 41
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-41

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 270
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (i)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482964/270-10-50-1

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 32
-Subparagraph (ee)
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Reference 4: http://fasb.org/us-gaap/role/ref/otherTransitionRef
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-Name Accounting Standards Codification
-Section 50
-Paragraph 32
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-Name Accounting Standards Codification
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Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 924
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SAB Topic 11.L)
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Reference 7: http://www.xbrl.org/2003/role/disclosureRef
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Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
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Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
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-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-42

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
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-URI https://asc.fasb.org/1943274/2147482810/280-10-50-22

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Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
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-Name Accounting Standards Codification
-Section 50
-Paragraph 22
-Subparagraph (a)
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Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
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-Name Accounting Standards Codification
-Section 50
-Paragraph 4
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-4

+ Details

Going Concern and Management’s Plans

3 Months Ended

Mar. 31, 2024

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Going Concern and Management’s Plans

2. Going Concern and Management’s Plans

The Company has experienced recurring operating losses and negative cash flows from operating activities since its inception. To date, these operating losses have been funded primarily from outside sources of invested capital. The Company had, and expects to continue to have, an ongoing need to raise additional cash from outside sources to fund its operations. Successful transition to attaining profitable operations depends upon achieving a level of revenues adequate to support the Company’s cost structure. These conditions raise substantial doubt about the Company’s ability to continue as a going concern within one year after the date that the financial statements are issued.

The Company plans to continue to fund its operations through debt and equity financing. Debt or equity financing may not be available on a timely basis on terms acceptable to the Company, or at all.

The accompanying condensed consolidated financial statements have been prepared on a going concern basis, which contemplates the realization of assets and the satisfaction of liabilities in the normal course of business and, as such, the financial statements do not include any adjustments relating to the recoverability and classification of recorded amounts or amounts and classification of liabilities that might be necessary should the Company be unable to continue in existence.

Current and Non-current financial liabilities, net (Details 1) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Current And Non-current Financial Liabilities Net
Secured Convertible loan	$ (668)
Convertible debt	(130)	(932)
Secured loan		(540)
Unsecured loans	(59)	(224)
Other interest income (expenses)	(7)	(5)
Total Interest expenses, net	$ (864)	$ (1,701)

- Definition

Amount of interest expense classified as operating and nonoperating. Includes, but is not limited to, cost of borrowing accounted for as interest expense.

+ References + Details

Standby Equity Purchase Agreement (Details Narrative) $ in Thousands	3 Months Ended
	Mar. 31, 2024 USD ($) shares
Standby Equity Purchase Agreement
Sale of stock shares \| shares	35,400,000
Gross proceeds \| $	$ 564

Revenue Recognition (Tables)

3 Months Ended

Mar. 31, 2024

Revenue Recognition

Schedule of revenue recognition

Schedule of revenue recognition
	Three months ended March 31,
	2024		2023
Mobility Revenues	$	432	$	1,578
Media Revenues		12		2,086
Other Revenues – Third Parties		—		255
Other Revenues – Related Party		127		—
Total Revenues	$	571	$	3,919

Schedule of deferred revenue

Schedule of deferred revenue
Deferred Income	January 1, 2024		FX Rate adj			Additions		Q1 2024 Revenues			March 31, 2024

Mobility	$	1,558		(4	)		354		(432	)		1,476
Media – Related Party		—		—			3,184		—			3,184
Other – Related Party		—		—			325		(127	)		198
Total	$	1,558	$	(4	)		3,863		(559	)		4,858

Related Party Transactions

3 Months Ended

Mar. 31, 2024

Related Party Transactions

14. Related Party Transactions

Agreements with Everli S.p.A.

In the first quarter of 2024, the Company entered into two business agreements with Everli S.p.A. which is a related party as the Company’s President and Chief Executive Officer has a majority equity interest in Everli S.p.A.

Helbiz Media, an Italian subsidiary of micromobility.com, entered into a Service Supply Agreement with Everli S.p.A. requiring Helbiz Media to provide design, development, and communication ideas and activities to Everli for one year. Under the terms of the agreement, Everli is to pay the Company $6,500. Under the mentioned agreement during the three months ended March 31, 2024, the Company issued invoices amounting to $3,184 of which none have been paid.

Helbiz Serbia, the Serbian subsidiary of micromobility.com, entered into a Business Cooperation Agreement with Everli S.p.A. requiring Helbiz Serbia to provide software development services and services for preparing Everli S.p.A. for an initial public offering. During the three months ended March 31, 2024, pursuant to the Agreement, the Company issued invoices amounting to $325 of which $217 have been paid.

Related-Party Promissory Notes

- Definition

The entire disclosure for related party transactions. Examples of related party transactions include transactions between (a) a parent company and its subsidiary; (b) subsidiaries of a common parent; (c) and entity and its principal owners; and (d) affiliates.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480990/946-20-50-2

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 5
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480990/946-20-50-5

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480990/946-20-50-6

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 235
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477968/946-235-50-2

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 235
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (e)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477968/946-235-50-2

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 850
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483326/850-10-50-1

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.6-07(2)(g)(3))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479134/946-220-S99-1

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.6-07(2)(c))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479134/946-220-S99-1

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.6-07(2)(e))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479134/946-220-S99-1

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 850
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org/850/tableOfContent

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 850
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483326/850-10-50-6

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 850
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-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483326/850-10-50-1

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 850
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483326/850-10-50-1

+ Details

Revenue Recognition (Details) - USD ($) $ in Thousands	3 Months Ended
Revenue Recognition (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Mar. 31, 2023
Total Revenue	$ 571	$ 3,919
Mobility Revenues [Member]
Total Revenue	432	1,578
Media Revenues [Member]
Total Revenue	12	2,086
Other Revenues Third Parties [Member]
Total Revenue		255
Other Revenues Related Party [Member]
Total Revenue	$ 127

- Definition

+ References

+ Details

Revenue Recognition

3 Months Ended

Mar. 31, 2024

Revenue Recognition

Revenue Recognition

4. Revenue Recognition

The table below shows the revenues breakdown for the three months ended on March 31, 2024, and on March 31, 2023.

Schedule of revenue recognition
	Three months ended March 31,
	2024		2023
Mobility Revenues	$	432	$	1,578
Media Revenues		12		2,086
Other Revenues – Third Parties		—		255
Other Revenues – Related Party		127		—
Total Revenues	$	571	$	3,919

During the three months ended March 31, 2024, the Company entered into an Agreement on Business Cooperation with Everli S.p.A. (entity owned by Micrmobility.com CEO) pursuant to which the Company has to provide Everli with software development services. This agreement has no fixed term and may be terminated by either party with 30 days’ notice. The Company categorized the revenues generated by this Agreement in Other Revenues – Related Party.

The table below shows the Deferred revenues roll-forward from January 1, 2024, to March 31, 2024.

Schedule of deferred revenue
Deferred Income	January 1, 2024		FX Rate adj			Additions		Q1 2024 Revenues			March 31, 2024

Mobility	$	1,558		(4	)		354		(432	)		1,476
Media – Related Party		—		—			3,184		—			3,184
Other – Related Party		—		—			325		(127	)		198
Total	$	1,558	$	(4	)		3,863		(559	)		4,858

Mobility Deferred Income is related to prepaid customer wallets and it will be recorded as Mobility Revenues when riders take a ride.

Media Deferred Income is related to invoices issued to a related party Everli S.p.A. (entity owned by Micrmobility.com CEO) for services to be rendered during 2024, in accordance with a Service Supply Agreement.

Other Deferred Income is related to invoices issued to a related party Everli S.p.A. (entity owned by Micrmobility.com CEO) for services to be rendered during 2024, in accordance with the Agreement on Business Cooperation.

Commitments and Contingencies (Details Narrative) - USD ($) $ in Thousands	3 Months Ended		12 Months Ended
	Mar. 31, 2024	Mar. 31, 2023	Dec. 31, 2024	Dec. 31, 2023
Minimum [Member]
Loss Contingencies [Line Items]
Loss of legal contingencies accrued amount	$ 800
Potential loss	0
Maximum [Member]
Loss Contingencies [Line Items]
Loss of legal contingencies accrued amount	10,173
Potential loss	3,050
Wheels [Member]
Loss Contingencies [Line Items]
Legal contingencies	1,555
Micromobility [Member]
Loss Contingencies [Line Items]
Legal contingencies	4,413
General and Administrative Expense [Member]
Loss Contingencies [Line Items]
Additional contingency losses over litigations	$ 2,000	$ 0
Other Current Liabilities [Member]
Loss Contingencies [Line Items]
Legal Fees			$ 5,968	$ 3,978

Condensed Consolidated Statements of Operations and Comprehensive Loss (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Income Statement [Abstract]
Revenue	$ 571	$ 3,919
Operating expenses:
Cost of revenue	908	11,067
General and administrative	3,529	6,232
Sales and marketing	275	1,239
Research and development	175	843
Total operating expenses	4,887	19,381
Loss from operations	(4,316)	(15,463)
Non-operating income (expenses), net
Interest expense, net	(864)	(1,701)
Gain on extinguishment of financial debts	728
SEPA financial expenses, net	(102)	(2,208)
Other income (expenses), net	35	(179)
Total non-operating income (expenses), net	(203)	(4,088)
Income Taxes		(3)
Net loss	$ (4,519)	$ (19,554)
Net loss per share attributable to common stockholders, basic	$ (0.17)	$ (529.18)
Net loss per share attributable to common stockholders, diluted	$ (0.17)	$ (529.18)
Weighted-average number of shares outstanding used to compute net loss per share, basic	26,632,566	36,951
Weighted-average number of shares outstanding used to compute net loss per share, diluted	26,632,566	36,951
Net loss	$ (4,519)	$ (19,554)
Other comprehensive (loss) income, net of tax:
Changes in foreign currency translation adjustments	577	(247)
Net loss and comprehensive income	$ (3,942)	$ (19,801)

Summary of Significant Accounting Policies and Use of Estimates (Policies)	3 Months Ended
	Mar. 31, 2024
Accounting Policies [Abstract]
Use of Estimates	*Use of Estimates* The preparation of financial statements in conformity with U.S. GAAP generally requires management to make estimates and assumptions that affect the reported amount of certain assets, liabilities, revenues, and expenses, and the related disclosure of contingent assets and liabilities. Specific accounts that require management estimates include determination of fair values of warrant and financial instruments. Management bases its estimates on historical experience and on various other assumptions that are believed to be reasonable under the circumstances, the results of which form the basis for making judgments about the carrying value of assets and liabilities that are not readily apparent from other sources. Actual results may differ from these estimates under different assumptions or conditions.
Recent Accounting Pronouncements Not Yet Adopted	Recent Accounting Pronouncements Not Yet Adopted In November 2023, the FASB issued ASU No. 2023-07, “Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures”, which amends and enhances the disclosure requirements for reportable segments. All disclosure requirements under this standard will also be required for public entities with a single reportable segment. The new standard will be effective for the Company for fiscal years beginning after December 15, 2023, including interim periods within fiscal years beginning after December 15, 2024. The Company is currently assessing the impact of adopting this standard on the consolidated financial statements. In December 2023, the FASB issued ASU No. 2023-09, “Improvements to Income Tax Disclosures”, which requires companies to provide disaggregated information about a reporting entity’s effective tax rate reconciliation as well as information on income taxes paid. The new requirements will be effective for public business entities for fiscal periods beginning after December 15, 2024. The Company is currently assessing the impact of adopting this standard on the consolidated financial statements.

Segment and geographic information

3 Months Ended

Mar. 31, 2024

Segment And Geographic Information

Segment and geographic information

13. Segment and geographic information

The following table provides information about our segments and a reconciliation of the total segment Revenue and Cost of revenue to loss from operations.


	Three months ended March 31,
	2024			2023
Revenue
Mobility		432			1,578
Media		12			2,086
All Other		127			255
Total Revenue	$	571		$	3,919

Cost of revenue
Mobility		(778	)		(4,608	)
Media		(1	)		(5,610	)
All Other		(129	)		(849	)
Total Cost of revenues	$	(908	)	$	(11,067	)

Reconciling Items:
Research and development		(175	)		(843	)
Sales and marketing		(275	)		(1,239	)
General and administrative		(3,529	)		(6,232	)
Loss from operations	$	(4,316	)	$	(15,463	)

Revenue by geography is based on where the trip was completed, or media content occurred. The following table set forth revenue by geographic area for the three months ended March 31, 2024, and 2023.

Schedule of revenue by geography
	Three months ended March 31,
	2024		2023
Revenue
Italy		59		3,148
United States		385		771
All other countries		127		—
Total Revenue	$	571	$	3,919

Long-lived assets, net includes property and equipment, intangible assets, goodwill and other assets. The following table set forth long-lived assets, net by geographic area as of March 31, 2024, and December 31, 2023.


	March 31,		December 31,
Non-Current Assets	2024		2023
Italy	$	1,058	$	1,273
United States		2,173		2,644
All other countries		77		87
Total Non-Current Assets	$	3,307	$	4,004

Leases (Details) - USD ($) $ in Thousands	3 Months Ended
Leases (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Mar. 31, 2023
Cost of revenues	$ 908	$ 11,067
General and administrative	3,529	6,232
Total Operating lease expenses	4,887	19,381
Operating Leases [Member]
Cost of revenues	160	386
General and administrative	41	295
Total Operating lease expenses	$ 201	$ 681

- Definition

The aggregate cost of goods produced and sold and services rendered during the reporting period.

+ References

+ Details

Property, equipment and deposits, net (Details 1) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Total depreciation and loss on disposal expenses	$ 521	$ 1,474
Cost of Sales [Member]
Total depreciation and loss on disposal expenses	350	1,351
Research and Development Expense [Member]
Total depreciation and loss on disposal expenses	15	15
General and Administrative Expense [Member]
Total depreciation and loss on disposal expenses	$ 156	$ 108

Summary of Significant Accounting Policies and Use of Estimates

3 Months Ended

Mar. 31, 2024

Accounting Policies [Abstract]

Summary of Significant Accounting Policies and Use of Estimates

3. Summary of Significant Accounting Policies and Use of Estimates

Use of Estimates

The preparation of financial statements in conformity with U.S. GAAP generally requires management to make estimates and assumptions that affect the reported amount of certain assets, liabilities, revenues, and expenses, and the related disclosure of contingent assets and liabilities. Specific accounts that require management estimates include determination of fair values of warrant and financial instruments.

Management bases its estimates on historical experience and on various other assumptions that are believed to be reasonable under the circumstances, the results of which form the basis for making judgments about the carrying value of assets and liabilities that are not readily apparent from other sources. Actual results may differ from these estimates under different assumptions or conditions.

Recent Accounting Pronouncements Not Yet Adopted

In November 2023, the FASB issued ASU No. 2023-07, “Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures”, which amends and enhances the disclosure requirements for reportable segments. All disclosure requirements under this standard will also be required for public entities with a single reportable segment. The new standard will be effective for the Company for fiscal years beginning after December 15, 2023, including interim periods within fiscal years beginning after December 15, 2024. The Company is currently assessing the impact of adopting this standard on the consolidated financial statements.

In December 2023, the FASB issued ASU No. 2023-09, “Improvements to Income Tax Disclosures”, which requires companies to provide disaggregated information about a reporting entity’s effective tax rate reconciliation as well as information on income taxes paid. The new requirements will be effective for public business entities for fiscal periods beginning after December 15, 2024. The Company is currently assessing the impact of adopting this standard on the consolidated financial statements.

Standby Equity Purchase Agreement (Tables)

3 Months Ended

Mar. 31, 2024

Standby Equity Purchase Agreement

Schedule of condensed consolidated statement of operations related to 2023 SEPAs


	Three Months Ended March 31,
	2024			2023
SEPAs transaction costs	$	—		$	(1,611	)
Other SEPA financial income (expenses), net	$	(102	)	$	(597	)
Total SEPA financial income (expenses), net	$	(102	)	$	(2,208	)

Share based compensation expenses

3 Months Ended

Mar. 31, 2024

Retirement Benefits [Abstract]

Share based compensation expenses

11. Share based compensation expenses

Stock-based compensation expense is allocated based on (i) the cost center to which the award holder belongs, for employees, and (ii) the service rendered to the Company, for third-party consultants. The following table summarizes total stock-based compensation expense by account for the three months ended March 31, 2024 and 2023.


	Three Months Ended March 31,
	2024		2023
Cost of revenue		1		2
Research and development		12		31
Sales and marketing		8		26
SEPA financial expenses		—		186
General and administrative		21		518
Total Share based compensation expenses, net		42		762
*Of which related to shares not issued for services* *rendered during the period, accrued as Account payables*				344

Condensed Consolidated Balance Sheets (Unaudited) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Current assets:
Cash and cash equivalents	$ 127	$ 128
Accounts receivables	485	704
Accounts receivables - Related Party	1,344
VAT receivables	79	928
Prepaid and other current assets	1,070	1,268
Total current assets	3,105	3,028
Property, equipment and deposits, net	2,009	2,435
Right of use assets	905	1,180
Other assets	393	389
TOTAL ASSETS	6,412	7,032
Current liabilities:
Accounts payable	11,312	11,598
Accounts payable related to media rights	8,508	11,394
Accrued expenses and other current liabilities	11,530	9,549
Deferred revenues	4,858	1,558
Operating lease liabilities	361	462
Short term financial liabilities, net	14,708	13,528
Total current Liabilities	51,277	48,089
Non-current financial liabilities, net	1,575	1,842
Operating lease liabilities	675	861
Other non-current liabilities	18	42
TOTAL LIABILITIES	53,545	50,834
Commitments and contingencies	9
STOCKHOLDERS’ DEFICIT
Preferred stock, $0.00001 par value; 100,000,000 shares authorized; none issued and outstanding
Accumulated other comprehensive loss	(1,567)	(2,144)
Accumulated deficit	(256,516)	(251,997)
Total Stockholders’ deficit	(47,133)	(43,802)
TOTAL LIABILITIES AND STOCKHOLDERS’ DEFICIT	6,412	7,032
Common Class A [Member]
STOCKHOLDERS’ DEFICIT
Common stock	$ 210,950	$ 210,339

Net Loss Per Share - Dilutive outstanding shares

3 Months Ended

Mar. 31, 2024

Earnings Per Share [Abstract]

Net Loss Per Share - Dilutive outstanding shares

12. Net Loss Per Share - Dilutive outstanding shares

The following potentially dilutive outstanding shares (considering a retroactive application of the reverse splits occurred during 2023) were excluded from the computation of diluted net loss per share for the periods presented because including them would have had an anti-dilutive effect, or issuance of such shares is contingent upon the satisfaction of certain conditions which were not satisfied by the end of the period.

Schedule of dilutive outstanding shares
	Three months ended March 31,
	2024		2023
Equity Incentive Plan - Common Stock Purchase Option		1,050		1,097
Convertible Notes		4,826,315		4,475
Common Stocks to be issued outside equity incentive Plans		28,397		714
Common Stock Purchase Warrants		2,641		1,578
Total number of Common Shares not included in the EPS Basic and diluted		4,858,403		7,864

Condensed Consolidated Statements of Convertible Preferred Stock and Stockholders' Deficit (Unaudited) - USD ($) $ in Thousands	Convertible Preferred Stock Series B [Member]	Convertible Preferred Stock Series A [Member]	Class A Common Stock [Member]	Class B Common Stock [Member]	Retained Earnings [Member]	AOCI Attributable to Parent [Member]	Total
Beginning balance, value at Dec. 31, 2022		$ 945	$ 152,996		$ (189,942)	$ (2,904)	$ (39,850)
Beginning balance, shares at Dec. 31, 2022			21,802	1,897
Issuance of common shares – for Advance Notices under SEPA			$ 18,105				18,105
Issuance of common shares - for Advance Notices under SEPA,shares			14,003
Issuance of common shares – for Conversion of Convertible Notes			$ 1,296				1,296
Issuance of common shares - for Conversion of Convertible Notes, shares			691
Issuance of common stock – for Conversion of Series A Convertible Preferred Stocks		(945)	$ 945				945
Issuance of common stock - for Conversion of Series A Convertible Preferred Stocks, shares			904
Issuance of common shares – for purchasing Intangible Assets			$ 50				50
Issuance of common shares - for purchasing Intangible Assets, shares			46
Issuance of common shares – for settlement of Payroll liabilities			$ 78				78
Issuance of common shares - for settlement of Payroll liabilities, shares			87
Share based compensation			$ 418				418
Issuance of Series B Preferred Stock	0						0
Redemption of Series B Preferred Stock	(0)						(0)
Changes in currency translation adjustment						(247)	(247)
Net loss					(19,554)		(19,554)
Ending balance, value at Mar. 31, 2023			$ 173,889	$ 0	(209,496)	(3,151)	(38,758)
Ending balance, shares at Mar. 31, 2023			37,533	1,897
Beginning balance, value at Dec. 31, 2023			$ 210,339		(251,997)	(2,144)	(43,802)
Beginning balance, shares at Dec. 31, 2023			8,856,230
Issuance of common shares – for Advance Notices under SEPA			$ 564				564
Issuance of common shares - for Advance Notices under SEPA,shares			35,400,000
Issuance of common shares – for Settlement of financial liabilities			$ 6				6
Issuance of common shares - for Settlement of financial liabilities, shares			928,942
Share based compensation			$ 42				42
Changes in currency translation adjustment						577	577
Net loss					(4,519)		(4,519)
Ending balance, value at Mar. 31, 2024			$ 210,950		$ (256,516)	$ (1,567)	$ (47,133)
Ending balance, shares at Mar. 31, 2024			45,185,172

Cover - shares	3 Months Ended
Cover - shares	Mar. 31, 2024	May 20, 2024
Cover [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Quarterly Report	true
Document Transition Report	false
Document Period End Date	Mar. 31, 2024
Document Fiscal Period Focus	Q1
Document Fiscal Year Focus	2024
Current Fiscal Year End Date	--12-31
Entity File Number	001-39136
Entity Registrant Name	micromobility.com, Inc
Entity Central Index Key	0001788841
Entity Tax Identification Number	84-3015108
Entity Incorporation, State or Country Code	DE
Entity Address, Address Line One	500 Broome St.
Entity Address, City or Town	New York
Entity Address, State or Province	NY
Entity Address, Postal Zip Code	10013
City Area Code	(917)
Local Phone Number	675-7157
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	true
Elected Not To Use the Extended Transition Period	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		45,185,172

Net Loss Per Share (Details) - shares	3 Months Ended
Net Loss Per Share (Details) - shares	Mar. 31, 2024	Mar. 31, 2023
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Anti-dilutive shares	4,858,403	7,864
Equity Incentive Plan Common Stock Purchase Option [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Anti-dilutive shares	1,050	1,097
Convertible Debt [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Anti-dilutive shares	4,826,315	4,475
Common Stocks To Be Issued Outside Equity Incentive Plans [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Anti-dilutive shares	28,397	714
Common Stock Purchase Warrants [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Anti-dilutive shares	2,641	1,578

Current and Non-current financial liabilities, net (Tables)

3 Months Ended

Mar. 31, 2024

Current And Non-current Financial Liabilities Net

Schedule of financial liabilities

Schedule of financial liabilities
	Weighted Average Interest Rate			Maturity Date		March 31, 2024		December 31, 2023
Secured Convertible loan, net		9	%		2024		3,226		3,764
Convertible debts, net		5	%		2024		4,432		3,217
Unsecured loans, net		2	%		Various		6,400		7,715
Related-Party Promissory Note		0	%		2025		1,505		—
Other financial liabilities		N/A			Various		720		672
Total Financial Liabilities, net							16,283		15,370
Of which classified as Current Financial Liabilities, net							14,708		13,528
Of which classified as Non-Current Financial Liabilities, net							1,575		1,842

Schedule of interest expense

Schedule of interest expense
	Three months Ended March 31,
	2024			2023
Secured Convertible loan	$	(668	)	$	—
Convertible debt		(130	)		(932	)
Secured loan		—			(540	)
Unsecured loans		(59	)		(224	)
Other interest income (expenses)		(7	)		(5	)
Total Interest expenses, net	$	(864	)	$	(1,701	)

Related Party Transactions (Details Narrative) $ in Thousands	3 Months Ended
	Mar. 31, 2024 USD ($)
Helbiz Media [Member]
Related Party Transaction [Line Items]
Invoices amount	$ 3,184
Helbiz Serbia [Member]
Related Party Transaction [Line Items]
Invoices amount	325
Palella Holdings LLC [Member] \| Related Party Promissory Notes [Member]
Related Party Transaction [Line Items]
Proceeds from related-party promissory notes	$ 1,505

Share based compensation (Details) - USD ($) $ in Thousands	3 Months Ended
Share based compensation (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Mar. 31, 2023
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Cost of revenue	$ 908	$ 11,067
Research and development	175	843
Sales and marketing	275	1,239
General and administrative	3,529	6,232
Total Share based compensation expenses, net	42	762
Equity Incentive Plan [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Cost of revenue	1	2
Research and development	12	31
Sales and marketing	8	26
SEPA financial expenses		186
General and administrative	21	518
Total Share based compensation expenses, net	$ 42	762
Of which related to shares not issued for services rendered during the period, accrued as Account payables		$ 344

- Definition

The aggregate cost of goods produced and sold and services rendered during the reporting period.

+ References

+ Details

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 35
-Paragraph 1D
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480483/718-10-35-1D

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 35
-Paragraph 3
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480483/718-10-35-3

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
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-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (a)(1)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
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-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (a)(2)
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-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
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-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (a)(3)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (c)(1)(i)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
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-Name Accounting Standards Codification
-Section 50
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Reference 8: http://www.xbrl.org/2003/role/disclosureRef
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-Name Accounting Standards Codification
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-Paragraph 2
-Subparagraph (c)(1)(iii)
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-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (c)(1)(iv)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (c)(1)(iv)(01)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
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-Name Accounting Standards Codification
-Section 50
-Paragraph 2
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Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
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-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (c)(1)(iv)(03)
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-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (c)(1)(iv)(04)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
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-Name Accounting Standards Codification
-Section 50
-Paragraph 2
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-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

Reference 15: http://www.xbrl.org/2003/role/disclosureRef
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Reference 16: http://www.xbrl.org/2003/role/disclosureRef
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Reference 17: http://www.xbrl.org/2003/role/disclosureRef
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Reference 18: http://www.xbrl.org/2003/role/disclosureRef
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Reference 19: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
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Reference 20: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
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-Publisher FASB
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Reference 21: http://www.xbrl.org/2003/role/disclosureRef
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Reference 22: http://www.xbrl.org/2003/role/disclosureRef
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Reference 23: http://www.xbrl.org/2003/role/disclosureRef
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Reference 24: http://www.xbrl.org/2003/role/disclosureRef
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-Name Accounting Standards Codification
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-Subparagraph (f)(2)(i)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

Reference 25: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (f)(2)(ii)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

Reference 26: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
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-Paragraph 2
-Subparagraph (f)(2)(iii)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

Reference 27: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (f)(2)(iv)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

Reference 28: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (f)(2)(v)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

+ Details

Standby Equity Purchase Agreement

3 Months Ended

Mar. 31, 2024

Standby Equity Purchase Agreement

Standby Equity Purchase Agreement

10. Standby Equity Purchase Agreement

During the year ended December 31, 2023, the Company entered into two Standby Equity Purchase Agreements (“2023 SEPAs”) with an investor. The 2023 SEPAs terms and conditions represent: i) at inception - a purchased put option on the Company’s Class A common shares and, ii) upon delivery of an advance notice - a forward contract on the Company’s Class A common shares. Neither the purchased put option nor the forward contract qualify for equity classification.

As a result of the above classification the settlement of forward contracts initiated by the Company were recorded as other SEPA financial income (expense), net.

The table below presents the impact on the condensed consolidated statement of operations related to the 2023 SEPAs for the three months ended March 31, 2024, and 2023.


	Three Months Ended March 31,
	2024			2023
SEPAs transaction costs	$	—		$	(1,611	)
Other SEPA financial income (expenses), net	$	(102	)	$	(597	)
Total SEPA financial income (expenses), net	$	(102	)	$	(2,208	)

During the three months ended March 31, 2024, the Company delivered multiple advance notices for the sale of 35,400,000 Class A Common Shares, resulting in cumulative gross proceeds of $564.

Subsequent Events

3 Months Ended

Mar. 31, 2024

Subsequent Events

Subsequent Events

15. Subsequent Events

None.

Segment and geographic information (Tables)

3 Months Ended

Mar. 31, 2024

Segment And Geographic Information

Schedule of segment revenue and cost of revenue


	Three months ended March 31,
	2024			2023
Revenue
Mobility		432			1,578
Media		12			2,086
All Other		127			255
Total Revenue	$	571		$	3,919

Cost of revenue
Mobility		(778	)		(4,608	)
Media		(1	)		(5,610	)
All Other		(129	)		(849	)
Total Cost of revenues	$	(908	)	$	(11,067	)

Reconciling Items:
Research and development		(175	)		(843	)
Sales and marketing		(275	)		(1,239	)
General and administrative		(3,529	)		(6,232	)
Loss from operations	$	(4,316	)	$	(15,463	)

Schedule of revenue by geography

Schedule of revenue by geography
	Three months ended March 31,
	2024		2023
Revenue
Italy		59		3,148
United States		385		771
All other countries		127		—
Total Revenue	$	571	$	3,919

Schedule of intangible assets, goodwill and other assets


	March 31,		December 31,
Non-Current Assets	2024		2023
Italy	$	1,058	$	1,273
United States		2,173		2,644
All other countries		77		87
Total Non-Current Assets	$	3,307	$	4,004

Accrued expenses and other current liabilities (Tables)

3 Months Ended

Mar. 31, 2024

Payables and Accruals [Abstract]

Schedule of accrued expenses and other current liabilities


	March 31,		December 31,
	2024		2023
Legal contingencies – refer to Note 9 Commitments and Contingencies	$	5,969	$	3,978
Payroll liabilities		3,207		3,144
Accrued expenses		2,354		2,427
Total accrued expenses and other current liabilities	$	11,530	$	9,549

Commitments and Contingencies

3 Months Ended

Mar. 31, 2024

Commitments and Contingencies Disclosure [Abstract]

Commitments and Contingencies

9. Commitments and Contingencies

Litigation

The Company is from time to time involved in legal proceedings, claims, and regulatory matters, indirect tax examinations or government inquiries and investigations that may arise in the ordinary course of business. Certain of these matters include speculative claims for substantial or indeterminate amounts of damages.

The Company records a liability when the Company believes that it is both probable that a loss has been incurred and the amount can be reasonably estimated. If the Company determines that a loss is reasonably possible and the loss or range of loss can be estimated, the Company discloses the possible loss in the consolidated financial statements. The Company reviews the developments in contingencies that could affect the amount of the provisions that have been previously recorded. The Company adjusts provisions and changes to disclosures accordingly to reflect the impact of negotiations, settlements, rulings, advice of legal counsel, and updated information. Significant judgment is required to determine both the probability and the estimated amount of any potential losses and many of the legal proceedings are early in the discovery stage and unresolved.

As of December 31, 2024, and December 31, 2023, the Company concluded that certain losses on litigation were probable and reasonable estimable; as a result, the Company recorded as Accruals for legal contingencies, included in Other Current liabilities; $5,968 and $3,978, respectively.

The Company recorded $2,000 and $0 on the Condensed Consolidated statement of operations for the three months ended March 31, 2024 and March 31, 2023, respectively; included in General & Administrative expenses for additional contingency losses over litigations reasonably estimated and categorized as probable.

As of March 31, 2024, legal contingencies related to Wheels amounted to $1,555 while $4,413 are related to micromobility.com. In detail, Wheels has been named in various lawsuits related to the use of Wheels’s vehicles in US cities and in certain matters involving California Labor Code violations and the classification of individuals as independent contractors rather than employees. micromobility.com claims are related to previous investors who claimed financial losses for breaching contractual obligations.

The range of loss for the Company’s legal contingencies accrued is between $800 to $10,173 which represents the range between the amount already settled with the counterparts and the amount claimed deducting insurance coverage.

The Company is also involved in certain claims where the losses are not considered to be reasonably estimable or possible; for these claims the range of potential loss is between 0 to $3,050.

Property, equipment and deposits, net (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Property, Plant and Equipment [Line Items]
Property equipment	$ 17,241	$ 18,908
Less: accumulated depreciation	(15,232)	(16,473)
Total property and equipment, net	2,009	2,435
Sharing Electric Vehicles [Member]
Property, Plant and Equipment [Line Items]
Property equipment	13,100	14,702
Furniture and Fixtures [Member]
Property, Plant and Equipment [Line Items]
Property equipment	1,287	1,379
Computer Software [Member]
Property, Plant and Equipment [Line Items]
Property equipment	1,063	1,069
Leasehold Improvements [Member]
Property, Plant and Equipment [Line Items]
Property equipment	$ 1,791	$ 1,758

Condensed Consolidated Balance Sheets (Unaudited) (Parenthetical) - $ / shares	Mar. 31, 2024	Dec. 31, 2023
Preferred stock, par value (in Dollars per share)	$ 0.00001	$ 0.00001
Preferred stock, shares authorized	100,000,000	100,000,000
Preferred stock, shares issued	0	0
Preferred stock, shares outstanding	0	0
Common Class A [Member]
Common stock, par value (in Dollars per share)	$ 0.00001	$ 0.00001
Common stock, shares authorized	900,000,000	900,000,000
Common stock, shares issued	45,185,172	8,856,230
Common stock, shares outstanding	45,185,172	8,856,230

Pay vs Performance Disclosure - USD ($) $ in Thousands	3 Months Ended
Pay vs Performance Disclosure - USD ($) $ in Thousands	Mar. 31, 2024	Mar. 31, 2023
Pay vs Performance Disclosure [Table]
Net Income (Loss)	$ (4,519)	$ (19,554)

- Definition

The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483443/250-10-50-6

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 9
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483443/250-10-50-9

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 805
-SubTopic 60
-Name Accounting Standards Codification
-Section 65
-Paragraph 1
-Subparagraph (g)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147476176/805-60-65-1

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 323
-Name Accounting Standards Codification
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+ Details

Leases

3 Months Ended

Mar. 31, 2024

Leases [Abstract]

Leases

8. Leases

Operating leases

The table below presents the impact on the condensed consolidated statement of operations related to the operating leases for the three months ended March 31, 2024, and March 31, 2023, including expenses related to lease agreements with an initial term of 12 months or less.

Schedule of operating lease liabilities
	Three Months Ended March 31,
	2024		2023
Cost of revenues	$	160	$	386
General and administrative		41		295
Total Operating lease expenses	$	201	$	681

Future annual minimum lease payments as of March 31, 2024, are as follows:


*Year ending December 31,*	Operating Leases
2024	$	330
2025		184
2026		191
Thereafter		213
Total minimum lease payments	$	917

Accrued expenses and other current liabilities (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Payables and Accruals [Abstract]
Legal contingencies – refer to Note 9 Commitments and Contingencies	$ 5,969	$ 3,978
Payroll liabilities	3,207	3,144
Accrued expenses	2,354	2,427
Total accrued expenses and other current liabilities	$ 11,530	$ 9,549