0001079973-24-001067 | 10-Q | XBRL Viewer

Summary of Significant Accounting Policies and Use of Estimates	6 Months Ended
Jun. 30, 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.

Summary of Significant Accounting Policies and Use of Estimates

6 Months Ended

Jun. 30, 2024

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.

Accrued expenses and other current liabilities (Tables)

6 Months Ended

Jun. 30, 2024

Payables and Accruals [Abstract]

Schedule of accrued expenses and other current liabilities


	June 30,		December 31,
	2024		2023
Payroll liabilities	$	3,099	$	3,144
Accrued expenses		2,471		2,427
Total accrued expenses and other current liabilities	$	5,570	$	5,571

Current and Non-current financial liabilities, net (Details 1) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Current And Non-current Financial Liabilities Net
Convertible debts	$ 130	$ 1,044	$ 260	$ 1,976
Secured Convertible loan	671		1,339
Secured loan		599		1,139
Unsecured loans	39	217	98	441
Other interest (income) expenses	0	6	6	11
Total Interest expenses, net	$ 840	$ 1,865	$ 1,703	$ 3,566

- 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) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Standby Equity Purchase Agreements
SEPAs transaction costs				$ (1,611)
Other SEPA financial income (expenses), net		(495)	(102)	(1,092)
Total SEPA financial income (expenses), net		$ (495)	$ (102)	$ (2,703)

Summary of Significant Accounting Policies and Use of Estimates (Policies)	6 Months Ended
	Jun. 30, 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.

Commitments and Contingencies

6 Months Ended

Jun. 30, 2024

Commitments and contingencies

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 June 30, 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 Legal contingencies; $5,829 and $3,978, respectively.

The following table summarizes the expenses included in General & Administrative expenses for additional contingency losses over litigations reasonably estimated and categorized as probable recorded in the condensed consolidated statement of operations for the three and six months ended on June 30, 2024, and 2023.


	Three Months Ended June 30,				Six Months Ended June 30,
		2024		2023		2024		2023
General & administrative expenses for Legal contingencies	$	41	$	365	$	2,041	$	365

As of June 30, 2024, the Company 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. Additionally, the Company is involved in claims with previous investors who claimed financial losses for breaching contractual obligations. In detail, during August 2022, the Company was named as a plaintiff in a lawsuit filed in in the Supreme Court of the State of New York, County of New York and brought by Greenvision Capital Holdings LLC for breach of contract of a registration rights agreement by and between the parties and a claim for civil conspiracy requesting a damage of $4,000. The Company’s successful motion to dismiss the civil conspiracy claim has since been adjudicated and the matter remains in discovery and a status conference with the judge in the matter is scheduled for September 2024. While settlement discussions have occurred, no terms have been agreed upon between the parties. The Company recorded $2,250 as Legal contingencies for this claim.

The range of loss for the Company’s legal contingencies accrued is between $660 to $10,033 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.

Segment and geographic information (Tables)

6 Months Ended

Jun. 30, 2024

Segment And Geographic Information

Schedule of segment revenue and cost of revenue


	Three Months Ended June 30,						Six Months Ended June 30,
	2024			2023			2024			2023
Revenue
Mobility		380			1,694			812			3,272
Media		7			1,521			19			3,608
All Other		400			280			527			534
Total Revenue	$	787		$	3,495		$	1,358		$	7,414

Cost of revenue
Mobility		(609	)		(7,220	)		(1,459	)		(11,828	)
Media		(1	)		(4,296	)		(1	)		(9,906	)
All Other		(367	)		(1,006	)		(600	)		(1,855	)
Total Cost of revenue	$	(977	)	$	(12,522	)	$	(2,060	)	$	(23,589	)

Reconciling Items:
Impairment of assets		—			(16,444	)		—			(16,444	)
General and administrative		(1,210	)		(5,239	)		(4,738	)		(11,471	)
Sales and marketing		(311	)		(925	)		(586	)		(2,164	)
Research and development		—			(766	)		—			(1,610	)
Loss from operations	$	(1,711	)	$	(32,402	)	$	(6,026	)	$	(47,864	)

Schedule of revenue by geography

Schedule of revenue by geography
	Three Months Ended June 30,				Six Months Ended June 30,
	2024		2023		2024		2023
Revenue
Italy		180		2,749		239		5,897
Serbia		398		—		525		—
United States		209		746		594		1,517
Total Revenue	$	787	$	3,495	$	1,358	$	7,414

Schedule of intangible assets, goodwill and other assets


	June 30,		December 31,
Non-Current Assets	2024		2023
Italy	$	851	$	1,273
United States		1,865		2,644
All other countries		69		87
Total Non-Current Assets	$	2,784	$	4,004

Commitments and Contingencies (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Commitments and contingencies
General & administrative expenses for Legal contingencies	$ 41	$ 365	$ 2,041	$ 365

Related Party Transactions

6 Months Ended

Jun. 30, 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 six months ended June 30, 2024, the Company issued invoices (including VAT) amounting to $4,523 of which $815 have been paid, for services to be rendered during the second half of 2024. No Revenues have been recorded during the six months ended June 30, 2024, for this Service Supply Agreement.

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 six months ended June 30, 2024, pursuant to the Agreement, the Company issued invoices (including VAT) amounting to $665 of which $536 have been paid, for services rendered during the period in line with the Agreement. The Company recorded $398 and $525 as Other Revenues- Related Party for the three and six months ended June 30, 2024, respectively.

Related-Party Promissory Notes

During the six months ended June 30, 2024, Palella Holdings LLC, an entity in which the Company’s CEO is the sole shareholder, provided to the Company $2,403, on an interest free basis with maturity date January 31, 2025. During the six months ended June 30, 2024, the Company repaid $60 in cash and $705 by issuing 47,029,465 shares of the Company’s Class A Common Stock.

On June 10, 2024, the Company and the Note holder agreed to convert a portion of the Note amounting to $705 into 47,029,465 shares of the Company’s Class A Common Stock using a conversion price of $0.015, the Company records a gain amounted to $94 using the closing market price on the issuance date. The conversion price applied for the aforementioned issuance is not applicable for further conversions.

As a result of the above repayment and conversion, on June 30, 2024, the Company has $1,638 as outstanding principal.

- 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
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Reference 3: http://www.xbrl.org/2003/role/disclosureRef
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Reference 4: http://www.xbrl.org/2003/role/disclosureRef
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Reference 11: http://www.xbrl.org/2003/role/disclosureRef
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Reference 13: http://www.xbrl.org/2003/role/disclosureRef
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-URI https://asc.fasb.org/1943274/2147483326/850-10-50-1

+ Details

Property, equipment and vehicle deposits, net (Details 1) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Impaired Assets to be Disposed of by Method Other than Sale [Line Items]
Total depreciation and loss on disposal expenses	$ 328	$ 4,458	$ 849	$ 5,931
Cost of Sales [Member]
Impaired Assets to be Disposed of by Method Other than Sale [Line Items]
Total depreciation and loss on disposal expenses	179	4,338	544	5,688
Cost Of Revenues Write Off [Member]
Impaired Assets to be Disposed of by Method Other than Sale [Line Items]
Total depreciation and loss on disposal expenses		3,021	73	3,021
Research and Development Expense [Member]
Impaired Assets to be Disposed of by Method Other than Sale [Line Items]
Total depreciation and loss on disposal expenses		15		29
General and Administrative Expense [Member]
Impaired Assets to be Disposed of by Method Other than Sale [Line Items]
Total depreciation and loss on disposal expenses	$ 149	$ 106	$ 305	$ 214

Subsequent Events

6 Months Ended

Jun. 30, 2024

Subsequent Events [Abstract]

Subsequent Events

15. Subsequent Events

None.

Standby Equity Purchase Agreements (Tables)

6 Months Ended

Jun. 30, 2024

Standby Equity Purchase Agreements

Schedule of condensed consolidated statement of operations related to 2023 SEPAs


	Three Months Ended June 30,					Six Months Ended June 30,
	2024		2023			2024			2023
SEPAs transaction costs	$	—	$	—		$	—		$	(1,611	)
Other SEPA financial income (expenses), net	$	—	$	(495	)	$	(102	)	$	(1,092	)
Total SEPA financial income (expenses), net	$	—	$	(495	)	$	(102	)	$	(2,703	)

Accrued expenses and other current liabilities (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Payables and Accruals [Abstract]
Payroll liabilities	$ 3,099	$ 3,144
Accrued expenses	2,471	2,427
Total accrued expenses and other current liabilities	$ 5,570	$ 5,571

Share based compensation expenses (Tables)

6 Months Ended

Jun. 30, 2024

Retirement Benefits [Abstract]

Schedule of stock-based compensation expenses


	Three Months Ended June 30,					Six Months Ended June 30,
	2024		2023			2024		2023
Cost of revenue		—		1			13		3
Research and development		—		(7	)		—		25
Sales and marketing		—		(1	)		8		25
SEPA financial expenses		—		—			—		186
General and administrative		67		139			87		410
Total Share based compensation expenses, net		67		133			108		649

Insider Trading Arrangements	3 Months Ended
Insider Trading Arrangements	Jun. 30, 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

Condensed Consolidated Balance Sheets (Unaudited) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Current assets:
Cash and cash equivalents	$ 162	$ 128
Accounts receivables	515	704
Accounts receivables - Related Party	129
VAT receivables	129	928
Prepaid and other current assets	1,003	1,268
Total current assets	1,938	3,028
Property, equipment and deposits, net	1,680	2,435
Right of use assets	712	1,180
Other assets	392	389
TOTAL ASSETS	4,722	7,032
Current liabilities:
Accounts payable	9,936	11,598
Accounts payable related to media rights	8,462	11,394
Accrued expenses and other current liabilities	5,570	5,571
Legal contingencies	5,829	3,978
Deferred revenues	5,121	1,558
Operating lease liabilities	281	462
Short term financial liabilities, net	15,555	13,528
Total current Liabilities	50,754	48,089
Non-current financial liabilities, net	1,357	1,842
Operating lease liabilities	585	861
Other non-current liabilities	14	42
TOTAL LIABILITIES	52,710	50,834
STOCKHOLDERS’ DEFICIT
Preferred stock, $0.00001 par value; 100,000,000 shares authorized; none issued and outstanding
Accumulated other comprehensive loss	(1,550)	(2,144)
Accumulated deficit	(258,066)	(251,997)
Total Stockholders’ deficit	(47,988)	(43,802)
TOTAL LIABILITIES AND STOCKHOLDERS’ DEFICIT	4,722	7,032
Common Class A [Member]
STOCKHOLDERS’ DEFICIT
Common stock	$ 211,628	$ 210,339

Net Loss Per Share - Dilutive outstanding shares (Details) - shares	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Anti-dilutive shares	4,967,522	7,552	4,967,522	7,552
Equity Incentive Plan Common Stock Purchase Option [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Anti-dilutive shares	1,050	1,076	1,050	1,076
Convertible Debt [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Anti-dilutive shares	4,935,434	1,842	4,935,434	1,842
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	1,993	28,397	1,993
Common Stock Purchase Warrants [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Anti-dilutive shares	2,641	2,641	2,641	2,641

Segment and geographic information (Details 2) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Revenue	$ 2,784	$ 4,004
ITALY
Revenue	851	1,273
UNITED STATES
Revenue	1,865	2,644
All Other Countries [Member]
Revenue	$ 69	$ 87

Leases (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
Leases (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Cost of revenues	$ 977	$ 12,522	$ 2,060	$ 23,589
General and administrative	1,210	5,239	4,738	11,471
Total Operating lease expenses	2,498	35,897	7,384	55,278
Operating Leases [Member]
Cost of revenues	116	395	276	781
General and administrative	34	261	75	556
Total Operating lease expenses	$ 150	$ 656	$ 351	$ 1,337

- Definition

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

+ References

+ Details

Segment and geographic information

6 Months Ended

Jun. 30, 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 June 30,						Six Months Ended June 30,
	2024			2023			2024			2023
Revenue
Mobility		380			1,694			812			3,272
Media		7			1,521			19			3,608
All Other		400			280			527			534
Total Revenue	$	787		$	3,495		$	1,358		$	7,414

Cost of revenue
Mobility		(609	)		(7,220	)		(1,459	)		(11,828	)
Media		(1	)		(4,296	)		(1	)		(9,906	)
All Other		(367	)		(1,006	)		(600	)		(1,855	)
Total Cost of revenue	$	(977	)	$	(12,522	)	$	(2,060	)	$	(23,589	)

Reconciling Items:
Impairment of assets		—			(16,444	)		—			(16,444	)
General and administrative		(1,210	)		(5,239	)		(4,738	)		(11,471	)
Sales and marketing		(311	)		(925	)		(586	)		(2,164	)
Research and development		—			(766	)		—			(1,610	)
Loss from operations	$	(1,711	)	$	(32,402	)	$	(6,026	)	$	(47,864	)

Revenue by geography is based on where a trip was completed, or media content occurred. The following table set forth revenue by geographic area for the three and six months ended June 30, 2024 and 2023.

Schedule of revenue by geography
	Three Months Ended June 30,				Six Months Ended June 30,
	2024		2023		2024		2023
Revenue
Italy		180		2,749		239		5,897
Serbia		398		—		525		—
United States		209		746		594		1,517
Total Revenue	$	787	$	3,495	$	1,358	$	7,414

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 June 30, 2024, and December 31, 2023.


	June 30,		December 31,
Non-Current Assets	2024		2023
Italy	$	851	$	1,273
United States		1,865		2,644
All other countries		69		87
Total Non-Current Assets	$	2,784	$	4,004

Current and Non-current financial liabilities, net (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2024	Dec. 31, 2023	Nov. 13, 2023
Debt Instrument [Line Items]
Total Financial Liabilities, net	$ 16,912	$ 15,370
Current financial liabilities net	15,555	13,528
Non current financial liabilities net	$ 1,357	1,842
Secured Convertible Loan Net [Member]
Debt Instrument [Line Items]
Interest rate	9.00%
Maturity Date	2024
Total Financial Liabilities, net	$ 5,103	3,764
Convertible Debt [Member]
Debt Instrument [Line Items]
Interest rate	5.00%		15.00%
Maturity Date	2024
Total Financial Liabilities, net	$ 3,356	3,217
Unsecured Loans Net [Member]
Debt Instrument [Line Items]
Interest rate	2.00%
Maturity Date	Various
Total Financial Liabilities, net	$ 6,057	7,715
Related Party Promissory Note [Member]
Debt Instrument [Line Items]
Interest rate	0.00%
Maturity Date	2025
Total Financial Liabilities, net	$ 1,638
Other Financial Liabilities [Member]
Debt Instrument [Line Items]
Maturity Date	Various
Total Financial Liabilities, net	$ 758	$ 672

Net Loss Per Share - Dilutive outstanding shares (Tables)

6 Months Ended

Jun. 30, 2024

Earnings Per Share [Abstract]

Schedule of dilutive outstanding shares

Schedule of dilutive outstanding shares
	Three months ended June 30,				Six months ended June 30,
	2024		2023		2024		2023
Equity Incentive Plan - Common Stock Purchase Option		1,050		1,076		1,050		1,076
Convertible Notes		4,935,434		1,842		4,935,434		1,842
Common Stocks to be issued outside equity incentive Plans		28,397		1,993		28,397		1,993
Common Stock Purchase Warrants		2,641		2,641		2,641		2,641
Total number of Common Shares not included in the EPS Basic and diluted		4,967,522		7,552		4,967,522		7,552

Accrued expenses and other current liabilities

6 Months Ended

Jun. 30, 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.


	June 30,		December 31,
	2024		2023
Payroll liabilities	$	3,099	$	3,144
Accrued expenses		2,471		2,427
Total accrued expenses and other current liabilities	$	5,570	$	5,571

Share based compensation expenses

6 Months Ended

Jun. 30, 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 and six months ended June 30, 2024, and 2023.


	Three Months Ended June 30,					Six Months Ended June 30,
	2024		2023			2024		2023
Cost of revenue		—		1			13		3
Research and development		—		(7	)		—		25
Sales and marketing		—		(1	)		8		25
SEPA financial expenses		—		—			—		186
General and administrative		67		139			87		410
Total Share based compensation expenses, net		67		133			108		649

Related Party Transactions (Details Narrative) $ in Thousands	3 Months Ended	6 Months Ended
	Jun. 30, 2024 USD ($)	Jun. 30, 2024 USD ($)
Helbiz Media [Member]
Related Party Transaction [Line Items]
Invoices amount		$ 4,523
Helbiz Serbia [Member]
Related Party Transaction [Line Items]
Invoices amount		665
Other Revenues- Related Party	$ 398	525
Palella Holdings LLC [Member] \| Related Party Promissory Notes [Member]
Related Party Transaction [Line Items]
Proceeds from related-party promissory notes		$ 2,403
Repayments to related-party promissory notes, description		Company repaid $60 in cash and $705 by issuing 47,029,465 shares of the Company’s Class A Common Stock.
Gain on conversionof debt		$ 94
Principal outstanding	$ 1,638	$ 1,638

Net Loss Per Share - Dilutive outstanding shares

6 Months Ended

Jun. 30, 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 June 30,				Six months ended June 30,
	2024		2023		2024		2023
Equity Incentive Plan - Common Stock Purchase Option		1,050		1,076		1,050		1,076
Convertible Notes		4,935,434		1,842		4,935,434		1,842
Common Stocks to be issued outside equity incentive Plans		28,397		1,993		28,397		1,993
Common Stock Purchase Warrants		2,641		2,641		2,641		2,641
Total number of Common Shares not included in the EPS Basic and diluted		4,967,522		7,552		4,967,522		7,552

Commitments and Contingencies (Details Narrative) - USD ($) $ in Thousands	6 Months Ended	12 Months Ended
	Jun. 30, 2024	Dec. 31, 2023
Minimum [Member]
Loss Contingencies [Line Items]
Loss of legal contingencies accrued amount	$ 660
Potential loss	0
Maximum [Member]
Loss Contingencies [Line Items]
Loss of legal contingencies accrued amount	10,033
Potential loss	3,050
Wheels [Member]
Loss Contingencies [Line Items]
Legal contingencies	2,250
Other Current Liabilities [Member]
Loss Contingencies [Line Items]
Legal Fees	$ 5,829	$ 3,978

- 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 + Details

Standby Equity Purchase Agreements

6 Months Ended

Jun. 30, 2024

Standby Equity Purchase Agreements

Standby Equity Purchase Agreements

10. Standby Equity Purchase Agreements

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 statements of operations related to the 2023 SEPAs for the three and six months ended June 30, 2024, and 2023.


	Three Months Ended June 30,					Six Months Ended June 30,
	2024		2023			2024			2023
SEPAs transaction costs	$	—	$	—		$	—		$	(1,611	)
Other SEPA financial income (expenses), net	$	—	$	(495	)	$	(102	)	$	(1,092	)
Total SEPA financial income (expenses), net	$	—	$	(495	)	$	(102	)	$	(2,703	)

During the six months ended June 30, 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.

Segment and geographic information (Details 1) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Revenue	$ 787	$ 3,495	$ 1,358	$ 7,414
ITALY
Revenue	180	2,749	239	5,897
SERBIA
Revenue	398		525
UNITED STATES
Revenue	$ 209	$ 746	$ 594	$ 1,517

- 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).

+ References

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+ Details

Standby Equity Purchase Agreements (Details Narrative) $ in Thousands	6 Months Ended
	Jun. 30, 2024 USD ($) shares
Standby Equity Purchase Agreements
Sale of stock shares \| shares	35,400,000
Gross proceeds \| $	$ 564

Description of Business and Basis of Presentation

6 Months Ended

Jun. 30, 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.

Commitments and Contingencies (Tables)

6 Months Ended

Jun. 30, 2024

Commitments and contingencies

Schedule of general and administrative expenses


	Three Months Ended June 30,				Six Months Ended June 30,
		2024		2023		2024		2023
General & administrative expenses for Legal contingencies	$	41	$	365	$	2,041	$	365

Revenue Recognition

6 Months Ended

Jun. 30, 2024

Revenue Recognition

Revenue Recognition

4. Revenue Recognition

The table below shows the revenues breakdown for the three and six months ended on June 30, 2024 and on June 30, 2023.

Schedule of revenue recognition
	Three Months Ended June 30,				Six Months Ended June 30,
	2024		2023		2024		2023
Mobility Revenues - Third Parties	$	380	$	1,694	$	812	$	3,272
Media Revenues - Third Parties		7		1,521		19		3,608
Other Revenues – Third Parties		2		280		2		534
Other Revenues – Related Party		398		—		525		—
Total Revenues	$	787	$	3,495	$	1,358	$	7,414

The table below shows the Deferred revenues roll-forward from January 1, 2024 to June 30, 2024.

Schedule of deferred revenue
Deferred Income	January 1, 2024		FX Rate adj			Additions		Q1 2024 Revenue			March 31, 2024		FX Rate adj			Additions		Q2 2024 Revenue			June 30, 2024

Mobility – Third Parties	$	1,558		(4	)		354		(432	)		1,476		(6	)		352		(380	)		1,442
Media – Third Parties		—		—			12		(12	)		—		—			7		(7	)		—
Marketing Consulting Services – Related Party		—		—			3,184		—			3,184		(17	)		369		—			3,536
Other – Third Parties		—		—			—		—			—		—			2		(2	)		—
Other – Related Party		—		—			325		(127	)		198		2			341		(398	)		143
Total	$	1,558	$	(4	)	$	3,875	$	(571	)	$	4,858	$	(21	)		1,071		(787	)		5,121

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

Deferred Income related to Marketing Consulting Services 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.

Current and Non-current financial liabilities, net

6 Months Ended

Jun. 30, 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		June 30, 2024		December 31, 2023
Secured Convertible loan, net		9	%		2024		5,103		3,764
Convertible debts, net		5	%		2024		3,356		3,217
Unsecured loans, net		2	%		Various		6,057		7,715
Related-Party Promissory Note		0	%		2025		1,638		—
Other financial liabilities		N/A			Various		758		672
Total Financial Liabilities, net							16,912		15,370
Of which classified as Current Financial Liabilities, net							15,555		13,528
Of which classified as Non-Current Financial Liabilities, net							1,357		1,842

The table below shows the amounts recorded as Interest expense, net on the statements of operations for the three and six months ended on June 30, 2024, and June 30, 2023.

Schedule of interest expense

	Three Months Ended June 30,				Six Months Ended June 30,
	2024		2023		2024		2023
Convertible debts	$	130	$	1,044	$	260	$	1,976
Secured Convertible loan		671		—		1,339		—
Secured loan		—		599		—		1,139
Unsecured loans		39		217		98		441
Other interest (income) expenses		0		6		6		11
Total Interest expenses, net	$	840	$	1,865	$	1,703	$	3,566

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 June 30, 2024, the Company has $6,051 outstanding as principal and accumulated interests, partially offset by $948 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 six months ended June 30, 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 June 30, 2024, the Company has $3,553 as outstanding principal and accumulated interest, partially offset by $197 of debt issuance discount.

Unsecured loans

Unsecured loans amounting to $6,057 as of June 30, 2024, is composed by multiple loans: a) 2022 unsecured note for $2,381, b) Wheels unsecured debts for $1,400, c) $1,917 of long-term bank loan obtained in 2020 through one of its wholly-owned Italian subsidiaries, and d) $359 long-term bank loans of which $100 is overdue, these loans are inherited from the business combination with MiMoto.

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 June 30, 2024, the Company was in default for non-payment under the terms of the Settlement agreement and is in discussions with the Note holder regarding new terms of repayment. As a result on June 30, 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

As a result of the above repayment and conversion, on June 30, 2024, the Company has $1,638 as outstanding principal.

Leases (Details 1) - Operating Lease [Member] $ in Thousands	Jun. 30, 2024 USD ($)
2024	$ 237
2025	184
2026	191
Thereafter	212
Total minimum lease payments	$ 824

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Operating activities
Net loss	$ (6,069)	$ (53,773)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:
Impairment losses		16,444
Depreciation and amortization	776	3,561
Loss on disposal of assets	73	3,054
Non-cash interest expenses and amortization of debt discount	1,567	1,186
Amortization of Right-of-use assets	197	889
Share-based compensation	108	615
Gain on extinguishment financial debts	(822)	(431)
Other non-cash activities	2	(59)
Changes in operating assets and liabilities:
Accounts receivables	60	748
Prepaid and other assets	1,047	4,786
Accounts payables	(4,738)	2,744
Accrued expenses and other current liabilities	5,406	(1,598)
Other non-current liabilities	(29)	(4)
Net cash used in operating activities	(2,422)	(21,836)
Investing activities
Purchase of property, equipment, and vehicle deposits	(60)	(279)
Purchase of intangible assets		(235)
Net cash used in investing activities	(60)	(514)
Financing activities
Gross proceeds from issuance of financial liabilities	261	4,642
Repayment of financial liabilities	(1,107)	(14,368)
Proceeds from issuance of financial liabilities, due to related party - Officer	2,403
Repayment of financial liabilities, due to related party - Officer	(60)
Proceeds from sale of Class A common shares, net	564	31,732
Net cash provided by financing activities	2,061	22,006
Increase (decrease) in cash and cash equivalents, and restricted cash	(421)	(344)
Effect of exchange rate changes	440	809
Net increase (decrease) in cash and cash equivalents, and restricted cash	19	464
Cash and cash equivalents, and restricted cash, beginning of year	143	736
Cash and cash equivalents, and restricted cash, end of year	162	1,200
Cash and cash equivalents	162	512
Restricted cash, included in Current assets		688
Supplemental disclosure of cash flow information
Interest	120	2,334
Income taxes, net of refunds		37
Non-cash investing & financing activities
Issuance of common shares – for Conversion of Related-party Promissory Notes	611	1,296
Issuance of common shares – for conversion of financial liabilities	6
Lease agreements early termination	488
New Lease agreement	175
Issuance of common shares – for conversion of Series A Preferred Shares		945
Issuance of common shares - for Settlement of Payroll Liabilities		182
Issuance of common shares - for Settlement of Account payables		151
Issuance of warrants - for Settlement of Account payables		69
Issuance of common shares – for purchasing Intangible Assets		$ 50

Share based compensation expenses (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Cost of revenue	$ 977	$ 12,522	$ 2,060	$ 23,589
General and administrative	1,210	5,239	4,738	11,471
Total Share based compensation expenses, net			108	615
Equity Incentive Plan [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Cost of revenue		1	13	3
Research and development		(7)		25
Sales and marketing		(1)	8	25
SEPA financial expenses				186
General and administrative	67	139	87	410
Total Share based compensation expenses, net	$ 67	$ 133	$ 108	$ 649

- 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

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+ Details

Condensed Consolidated Balance Sheets (Unaudited) (Parenthetical) - $ / shares	Jun. 30, 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	92,214,637	8,856,230
Common stock, shares outstanding	92,214,637	8,856,230

Pay vs Performance Disclosure - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
Pay vs Performance Disclosure - USD ($) $ in Thousands	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Pay vs Performance Disclosure [Table]
Net Income (Loss)	$ (1,550)	$ (34,219)	$ (6,069)	$ (53,773)

- Definition

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

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-URI https://asc.fasb.org/1943274/2147482689/260-10-45-60B

Reference 33: http://www.xbrl.org/2003/role/disclosureRef
-Topic 205
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 7
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483499/205-20-50-7

Reference 34: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 230
-SubTopic 10
-Name Accounting Standards Codification
-Section 45
-Paragraph 28
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482740/230-10-45-28

Reference 35: http://www.xbrl.org/2003/role/disclosureRef
-Topic 220
-SubTopic 10
-Name Accounting Standards Codification
-Section 45
-Paragraph 1A
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482790/220-10-45-1A

Reference 36: http://www.xbrl.org/2003/role/disclosureRef
-Topic 220
-SubTopic 10
-Name Accounting Standards Codification
-Section 45
-Paragraph 1B
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482790/220-10-45-1B

Reference 37: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 942
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-04(22))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478524/942-220-S99-1

+ Details

Leases (Tables)

6 Months Ended

Jun. 30, 2024

Leases [Abstract]

Schedule of operating lease liabilities

Schedule of operating lease liabilities
	Three Months Ended June 30,				Six Months Ended June 30,
	2024		2023		2024		2023
Cost of revenues	$	116	$	395	$	276	$	781
General and administrative	$	34	$	261	$	75	$	556
Total Operating lease expenses	$	150	$	656	$	351	$	1,337

Schedule of future minimum lease payments


Year ending December 31,	Operating Leases
2024	$	237
2025		184
2026		191
Thereafter		212
Total minimum lease payments	$	824

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			$ 31,732				31,732
Issuance of common shares - for Advance Notices under SEPA , shares			301,720
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, share			46
Issuance of common shares – for settlement of Payroll liabilities			$ 182				182
Issuance of common shares - for settlement of Payroll liabilities, shares			370
Issuance of warrants - for Settlement of Account payables			$ 69				69
Issuance of common shares - for Settlement of Account payables			$ 151				151
Issuance of common shares - for Settlement of Account payables, shares			673
Share based compensation			$ 615				615
Share based compensation, shares			775
Issuance of Series B Preferred Stock	0						0
Redemption of Series B Preferred Stock	(0)						(0)
Changes in currency translation adjustment						751	751
Net loss					(53,773)		(53,773)
Ending balance, value at Jun. 30, 2023			$ 188,038		(243,715)	(2,153)	(57,830)
Ending balance, shares at Jun. 30, 2023			326,981	1,897
Beginning balance, value at Mar. 31, 2023			$ 173,889		(209,496)	(3,151)	(38,758)
Beginning balance, shares at Mar. 31, 2023			37,533	1,897
Issuance of common shares – for Advance Notices under SEPA			$ 13,627				13,627
Issuance of common shares - for Advance Notices under SEPA , shares			287,717
Issuance of common shares – for settlement of Payroll liabilities			$ 104				104
Issuance of common shares - for settlement of Payroll liabilities, shares			283
Issuance of warrants - for Settlement of Account payables			$ 69				69
Issuance of common shares - for Settlement of Account payables			$ 250				250
Issuance of common shares - for Settlement of Account payables, shares			673
Share based compensation			$ 99				99
Share based compensation, sahres			775
Changes in currency translation adjustment						998	998
Net loss					(34,219)		(34,219)
Ending balance, value at Jun. 30, 2023			$ 188,038		(243,715)	(2,153)	(57,830)
Ending balance, shares at Jun. 30, 2023			326,981	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
Issuance of common shares – for Conversion of Related Party - Promissory Note			$ 611				611
Issuance of common shares - for Conversion of Related Party - Promissory Note, shares			47,029,465
Share based compensation			$ 108				108
Share based compensation, sahres
Changes in currency translation adjustment						594	594
Net loss					(6,069)		(6,069)
Ending balance, value at Jun. 30, 2024			$ 211,628		(258,066)	(1,550)	(47,988)
Ending balance, shares at Jun. 30, 2024			92,214,637
Beginning balance, value at Mar. 31, 2024			$ 210,950		(256,516)	(1,567)	(47,133)
Beginning balance, shares at Mar. 31, 2024			45,185,172
Issuance of common shares – for Conversion of Related Party - Promissory Note			$ 611				611
Issuance of common shares - for Conversion of Related Party - Promissory Note, shares			47,029,465
Share based compensation			$ 67				67
Share based compensation, sahres
Changes in currency translation adjustment						17	17
Net loss					(1,550)		(1,550)
Ending balance, value at Jun. 30, 2024			$ 211,628		$ (258,066)	$ (1,550)	$ (47,988)
Ending balance, shares at Jun. 30, 2024			92,214,637

Current and Non-current financial liabilities, net (Details Narrative) - USD ($) $ / shares in Units, $ in Thousands				1 Months Ended		6 Months Ended
	Dec. 08, 2023	Nov. 13, 2023	Jul. 15, 2022	Mar. 26, 2024	Dec. 28, 2023	Jun. 30, 2024
Debt Instrument [Line Items]
Unsecured loans description						Unsecured loans amounting to $6,057 as of June 30, 2024, is composed by multiple loans: a) 2022 unsecured note for $2,381, b) Wheels unsecured debts for $1,400, c) $1,917 of long-term bank loan obtained in 2020 through one of its wholly-owned Italian subsidiaries, and d) $359 long-term bank loans of which $100 is overdue, these loans are inherited from the business combination with MiMoto.
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						6,051
Debt discount						$ 948
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						$ 3,553
Debt discount						197
Periodic payments						122
Wheels Unsecured Debts [Member]
Debt Instrument [Line Items]
Conversion of amount					$ 734
Conversion of shares					928,942
Number of shares issued				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						$ 2,403
Repayments to related-party promissory notes, description						Company repaid $60 in cash and $705 by issuing 47,029,465 shares of the Company’s Class A Common Stock.
Gain on conversionof debt						$ 94
Debt Instrument, Fee Amount						$ 1,638

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

6 Months Ended

Jun. 30, 2024

Current And Non-current Financial Liabilities Net

Schedule of financial liabilities

Schedule of financial liabilities
	Weighted Average Interest Rate			Maturity Date		June 30, 2024		December 31, 2023
Secured Convertible loan, net		9	%		2024		5,103		3,764
Convertible debts, net		5	%		2024		3,356		3,217
Unsecured loans, net		2	%		Various		6,057		7,715
Related-Party Promissory Note		0	%		2025		1,638		—
Other financial liabilities		N/A			Various		758		672
Total Financial Liabilities, net							16,912		15,370
Of which classified as Current Financial Liabilities, net							15,555		13,528
Of which classified as Non-Current Financial Liabilities, net							1,357		1,842

Schedule of interest expense

Schedule of interest expense

	Three Months Ended June 30,				Six Months Ended June 30,
	2024		2023		2024		2023
Convertible debts	$	130	$	1,044	$	260	$	1,976
Secured Convertible loan		671		—		1,339		—
Secured loan		—		599		—		1,139
Unsecured loans		39		217		98		441
Other interest (income) expenses		0		6		6		11
Total Interest expenses, net	$	840	$	1,865	$	1,703	$	3,566

Segment and geographic information (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Total Revenue	$ 787	$ 3,495	$ 1,358	$ 7,414
Total Cost of revenue	(977)	(12,522)	(2,060)	(23,589)
Impairment of assets		(16,444)		(16,444)
General and administrative	(1,210)	(5,239)	(4,738)	(11,471)
Sales and marketing	(311)	(925)	(586)	(2,164)
Research and development		(766)		(1,610)
Loss from operations	(1,711)	(32,402)	(6,026)	(47,864)
Mobility [Member]
Total Revenue	380	1,694	812	3,608
Total Cost of revenue	(609)	(7,220)	(1,459)	(9,906)
Media [Member]
Total Revenue	7	1,521	19	3,272
Total Cost of revenue	(1)	(4,296)	(1)	(11,828)
All Other [Member]
Total Revenue	400	280	527	534
Total Cost of revenue	$ (367)	$ (1,006)	$ (600)	$ (1,855)

Cover - shares	6 Months Ended
Cover - shares	Jun. 30, 2024	Jul. 17, 2024
Cover [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Quarterly Report	true
Document Transition Report	false
Document Period End Date	Jun. 30, 2024
Document Fiscal Period Focus	Q2
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		92,214,637

Property, equipment and vehicle deposits, net

6 Months Ended

Jun. 30, 2024

Property, Plant and Equipment [Abstract]

Property, equipment and vehicle deposits, net

5. Property, equipment and vehicle deposits, net

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


	June 30,			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		(15,561	))		(16,473	)
Total property and equipment, net	$	1,680		$	2,435

The following table summarizes the loss on disposal and depreciation expenses recorded in the condensed consolidated statement of operations for the three and six months ended on June 30, 2024, and 2023.


	Three Months Ended June 30,				Six Months Ended June 30,
	2024		2023		2024		2023
Cost of revenues	$	179	$	4,338	$	544	$	5,688
Of which write-off		—		3,021		73		3,021
Research & Development		—		15		—	$	29
General & administrative		149	$	106		305	$	214
Total depreciation and loss on disposal expenses	$	328	$	4,458	$	849	$	5,931

Revenue Recognition (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
Revenue Recognition (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Total Revenue	$ 787	$ 3,495	$ 1,358	$ 7,414
Mobility Revenues [Member]
Total Revenue	380	1,694	812	3,272
Media Revenues [Member]
Total Revenue	7	1,521	19	3,608
Other Revenues Third Parties [Member]
Total Revenue	2	280	2	534
Other Revenues Related Party [Member]
Total Revenue	$ 398		$ 525

- Definition

+ References

+ Details

Property, equipment and vehicle deposits, net (Tables)

6 Months Ended

Jun. 30, 2024

Property, Plant and Equipment [Abstract]

Schedule of property plant and equipment


	June 30,			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		(15,561	))		(16,473	)
Total property and equipment, net	$	1,680		$	2,435

Schedule of consolidated income statement


	Three Months Ended June 30,				Six Months Ended June 30,
	2024		2023		2024		2023
Cost of revenues	$	179	$	4,338	$	544	$	5,688
Of which write-off		—		3,021		73		3,021
Research & Development		—		15		—	$	29
General & administrative		149	$	106		305	$	214
Total depreciation and loss on disposal expenses	$	328	$	4,458	$	849	$	5,931

Revenue Recognition (Tables)

6 Months Ended

Jun. 30, 2024

Revenue Recognition

Schedule of revenue recognition

Schedule of revenue recognition
	Three Months Ended June 30,				Six Months Ended June 30,
	2024		2023		2024		2023
Mobility Revenues - Third Parties	$	380	$	1,694	$	812	$	3,272
Media Revenues - Third Parties		7		1,521		19		3,608
Other Revenues – Third Parties		2		280		2		534
Other Revenues – Related Party		398		—		525		—
Total Revenues	$	787	$	3,495	$	1,358	$	7,414

Schedule of deferred revenue

Schedule of deferred revenue
Deferred Income	January 1, 2024		FX Rate adj			Additions		Q1 2024 Revenue			March 31, 2024		FX Rate adj			Additions		Q2 2024 Revenue			June 30, 2024

Mobility – Third Parties	$	1,558		(4	)		354		(432	)		1,476		(6	)		352		(380	)		1,442
Media – Third Parties		—		—			12		(12	)		—		—			7		(7	)		—
Marketing Consulting Services – Related Party		—		—			3,184		—			3,184		(17	)		369		—			3,536
Other – Third Parties		—		—			—		—			—		—			2		(2	)		—
Other – Related Party		—		—			325		(127	)		198		2			341		(398	)		143
Total	$	1,558	$	(4	)	$	3,875	$	(571	)	$	4,858	$	(21	)		1,071		(787	)		5,121

Revenue Recognition (Details 1) - USD ($) $ in Thousands	3 Months Ended
Revenue Recognition (Details 1) - USD ($) $ in Thousands	Jun. 30, 2024	Mar. 31, 2024
Beginning Balance	$ 4,858	$ 1,558
Deferred revenue fx rate adjustment	(21)	(4)
Deferred revenue additions	1,071	3,875
Revenues	(787)	(571)
Ending Balance	5,121	4,858
Mobility [Member]
Beginning Balance	1,476	1,558
Deferred revenue fx rate adjustment	(6)	(4)
Deferred revenue additions	352	354
Revenues	(380)	(432)
Ending Balance	1,442	1,476
Media Related Party [Member]
Beginning Balance
Deferred revenue fx rate adjustment
Deferred revenue additions	7	12
Revenues	(7)	(12)
Ending Balance
Marketing Consulting Services Related Party [Member]
Beginning Balance	3,184
Deferred revenue fx rate adjustment	(17)
Deferred revenue additions	369	3,184
Revenues
Ending Balance	3,536	3,184
Other Third Parties [Member]
Beginning Balance
Deferred revenue fx rate adjustment
Deferred revenue additions	2
Revenues	(2)
Ending Balance
Other Related Party [Member]
Beginning Balance	198
Deferred revenue fx rate adjustment	2
Deferred revenue additions	341	325
Revenues	(398)	(127)
Ending Balance	$ 143	$ 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)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-32

Reference 4: http://fasb.org/us-gaap/role/ref/otherTransitionRef
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-Name Accounting Standards Codification
-Section 50
-Paragraph 32
-Subparagraph (b)
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-URI https://asc.fasb.org/1943274/2147482810/280-10-50-32

Reference 5: http://fasb.org/us-gaap/role/ref/otherTransitionRef
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-SubTopic 10
-Name Accounting Standards Codification
-Section 50
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Reference 6: http://www.xbrl.org/2003/role/disclosureRef
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-Paragraph 1
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Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
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Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
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-URI https://asc.fasb.org/1943274/2147482810/280-10-50-30

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
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-Section 50
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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
-Topic 280
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-Name Accounting Standards Codification
-Section 50
-Paragraph 22
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-22

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 40
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-40

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 22
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-22

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-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

6 Months Ended

Jun. 30, 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.

Property, equipment and vehicle deposits, net (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Property, Plant and Equipment [Line Items]
Property equipment	$ 17,241	$ 18,908
Less: accumulated depreciation	(15,561)	(16,473)
Total property and equipment, net	1,680	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

Leases

6 Months Ended

Jun. 30, 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 and six months ended June 30, 2024, and June 30, 2023, including expenses related to lease agreements with an initial term of 12 months or less.

Schedule of operating lease liabilities
	Three Months Ended June 30,				Six Months Ended June 30,
	2024		2023		2024		2023
Cost of revenues	$	116	$	395	$	276	$	781
General and administrative	$	34	$	261	$	75	$	556
Total Operating lease expenses	$	150	$	656	$	351	$	1,337

Future annual minimum lease payments as of June 30, 2024, are as follows:


Year ending December 31,	Operating Leases
2024	$	237
2025		184
2026		191
Thereafter		212
Total minimum lease payments	$	824

Condensed Consolidated Statements of Operations and Comprehensive Loss (Unaudited) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Income Statement [Abstract]
Revenue	$ 787	$ 3,495	$ 1,358	$ 7,414
Operating expenses:
Cost of revenue	977	12,522	2,060	23,589
General and administrative	1,210	5,239	4,738	11,471
Sales and marketing	311	925	586	2,164
Research and development		766		1,610
Impairment of assets		16,444		16,444
Total operating expenses	2,498	35,897	7,384	55,278
Loss from operations	(1,711)	(32,402)	(6,026)	(47,864)
Non-operating income (expenses), net
Interest expense, net	(840)	(1,865)	(1,703)	(3,566)
Gain on extinguishment of financial debts	94	431	822	431
SEPA financial income (expenses), net		(495)	(102)	(2,703)
Other income (expenses), net	907	146	940	(32)
Total non-operating income (expenses), net	161	(1,783)	(43)	(5,871)
Income Taxes		(34)		(37)
Net loss	$ (1,550)	$ (34,219)	$ (6,069)	$ (53,773)
Net loss per share attributable to common stockholders, basic	$ (0.03)	$ (217.85)	$ (0.14)	$ (554.29)
Net loss per share attributable to common stockholders, diluted	$ (0.03)	$ (217.85)	$ (0.14)	$ (554.29)
Weighted-average number of shares outstanding used to compute net loss per share, basic	60,861,682	157,073	43,747,124	97,012
Weighted-average number of shares outstanding used to compute net loss per share, diluted	60,861,682	157,073	43,747,124	97,012
Net loss	$ (1,550)	$ (34,219)	$ (6,069)	$ (53,773)
Other comprehensive (loss) income, net of tax:
Changes in foreign currency translation adjustments	17	998	594	751
Net loss and comprehensive income	$ (1,533)	$ (33,221)	$ (5,475)	$ (53,022)