0001079973-22-000989 | 10-Q | XBRL Viewer

Schedule of Convertible Debts

Financial liabilities

Financial liabilities
	Interest Rate			Maturity Date			June 30, 2022			December 31, 2021
2021 Convertible Debts amended		5	%		2022			16,488			30,291
2022 Convertible Debts		5	%		2023	⁽²⁾		10,081			—
Secured Long Term Loan		12.7	%		2023			14,245			13,679
Long Term Loan		4.5	%		2026			3,344			3,918
Long Term Loan		5.4	%		2024			1,561			2,054
Capital lease liability⁽¹⁾		N/A			2023			2,792			—
CEO Promissory Note (Related Party)		0	%		2022			380			—
Other financial liabilities		Varies			Varies			1,017			1,053
Total principal and accumulated interests								49,907			50,994
Total unamortized debt discounts and debt issuance costs								(1,753	)		(7,464	)
Total financial liabilities and capital leases, net								48,154			43,530
Of which classified as Current financial liabilities and capital liabilities, net								30,597			25,473
Of which classified as Non-current financial Liabilities, net								17,557			18,057

(1) Please refer to Commitments and Contingencies

Interest expenses

Interest expenses
Schedule of Financial liabilities impacts on Statement of Operations	Three Months Ended June 30,				Six Months Ended June 30,
	2022		2021		2022		2021
2021 Convertible Debts pre and post amendment		426		—		1,810		—
2022 Convertible Debts		384		—		384		—
Secured Long Term Loan		516		418		973		454
Other financial liabilities		185		148		325		610
Total Interest expenses, net		1,512		566		3,492		1,064

2021 Convertible Debts		2,065		—		2,065		—
Total Loss on extinguishment of debts		2,065		—		2,065		—

Schedule of Convertible Debts
Original Terms impacted	Note-1		Note-2		Note-3		Warrant
Maturity Date	October 12, 2022		October 22, 2022		November 11, 2022		N/A
Fixed Conversion Price	$	20.00	$	20.00	$	20.00		N/A
Floor Price	$	10.00	$	8.25	$	8.55		N/A
Strike Price		N/A		N/A		N/A	$	20.00

Amended Terms		Note-1		Note-2		Note-3		Warrant
Maturity Date		December 31, 2022		December 31, 2022		December 31, 2022		N/A
Fixed Conversion Price	$	3.00	$	3.00	$	3.00		N/A
Floor Price	$	0.25	$	0.25	$	0.25		N/A
Strike Price		N/A		N/A		N/A	$	3.00

Convertible Debt [Member]

Schedule of Convertible Debts

Schedule of Convertible Debts
	Convertible Note-1		Convertible Note-2
Issuance date	April 15, 2022		May 27, 2022
Maturity Date	April 15, 2023		May 27, 2023
Principal	$	6,000,000	$	4,000,000
Fixed Conversion Price	$	3.00	$	3.00
Floor Price	$	0.25	$	0.25
Interest rate		5.00%		5.00%
Default interest rate		15.00%		15.00%

Segment and geographic information (Tables)

6 Months Ended

Jun. 30, 2022

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of segment Revenue and Cost of revenue


	Three Months Ended June 30,						Six Months Ended June 30,
	2022			2021			2022			2021
Revenue
Mobility		2,716			2,982			4,293			3,997
Live		1,489			—			3,145			—
All Other		153			—			232			—
Total Revenue	$	4,358		$	2,982		$	7,670		$	3,997

Cost of revenue
Mobility		(5,019	)		(6,073	)		(9,657	)		(10,577	)
Live		(4,675	)		—			(10,950	)		—
All Other		(574	)		—			(999	)		—
Total Cost of revenue	$	(10,267	)	$	(6,073	)	$	(21,606	)	$	(10,577	)

Reconciling Items:
General and administrative		(6,436	)		(2,638	)		(13,115	)		(6,592	)
Sales and marketing		(3,415	)		(1,275	)		(6,013	)		(2,408	)
Research and development		(638	)		(588	)		(1,382	)		(1,164	)
Loss from operations	$	(16,398	)	$	(7,592	)	$	(34,447	)	$	(16,744	)

Schedule of Revenue by geography

Schedule of Revenue by geography
	Three Months Ended June 30,				Six Months Ended June 30,
	2022		2021		2022		2021
Revenue
Italy		3,709		2,031		6,661		2,681
United States		649		951		1,009		1,316
All other countries		—		—		—		—
Total Revenue	$	4,358	$	2,982	$	7,670	$	3,997

Schedule of intangible assets, goodwill and other assets


	June 30,		December 31,
Non-Current Assets	2022		2021
Italy	$	16,480	$	17,905
United States		7,402		3,337
All other countries		176		184
Total Non-Current Assets	$	24,058	$	21,426

Contract assets - Media rights (Details) - USD ($) $ in Thousands	3 Months Ended
	Jun. 30, 2022	Mar. 31, 2022
Disaggregation of Revenue [Line Items]
Contract assets, beginning	$ 1,033	$ 2,758
Contract with customer asset additions	4,427	2,835
Contract with customer asset cogs	(3,586)	(4,510)
Contract with customer asset cogs	(69)	(50)
Contract assets, ending	1,806	1,033
Media [Member]
Disaggregation of Revenue [Line Items]
Contract assets, beginning	1,033	2,758
Contract with customer asset additions	4,427	2,835
Contract with customer asset cogs	(3,586)	(4,510)
Contract with customer asset cogs	(69)	(50)
Contract assets, ending	$ 1,806	$ 1,033

Property, equipment and vehicle deposits, net (Tables)

6 Months Ended

Jun. 30, 2022

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

Prepaid and other current assets

Prepaid and other current assets
	June 30,		December 31,
	2022		2021
Prepaid	$	2,089	$	1,449
Security Deposits for leasing vehicles		1,039		—
D&O Insurance Coverage		591		3,133
Other current assets		739		99
Total prepaid and other current assets	$	4,458	$	4,681

Property, Plant and Equipment

Property, Plant and Equipment
	June 30,			December 31,
	2022			2021
Sharing electric vehicles	$	11,995		$	9,348
Furniture, fixtures, equipment, computers, and software		2,384			2,195
Leasehold improvements		698			655
Electric vehicle deposits		3,352			2,928
Total property, equipment and vehicle deposits, gross		18,429			15,126
Less: accumulated depreciation		(7,195	)		(7,510	)
Total property, equipment and vehicle deposits, net	$	11,234		$	7,616

Schedule of Electric vehicle deposits

Schedule of Electric vehicle deposits
Advance to Suppliers	January 1, 2022		Additions		Reclassification in Sharing electric vehicles			FX Rate adj.			June 30, 2022

Mobility		2,928		3,090		(2,553	)		(113	)		3,352
Total	$	2,928	$	3,090	$	(2,553	)	$	(113	)	$	3,352

Summary of Significant Accounting Policies and Use of Estimates (Policies)

6 Months Ended

Jun. 30, 2022

Accounting Policies [Abstract]

Use of Estimates

Use of Estimates

Recent Accounting Pronouncements Adopted

Recent Accounting Pronouncements Adopted

an increase of $3,371 to the total carrying value of the 2021 convertible notes to reflect the full principal amount of the 2021 convertible notes outstanding net of issuance costs,

a reduction of $4,187 to additional paid-in capital to remove the equity component separately recorded for the beneficial conversion features associated with the 2021 convertible notes, and

a cumulative-effect adjustment of $816 to the beginning balance of accumulated deficit as of January 1, 2022.

Accounting Pronouncements Issued but Not Yet Adopted

Accounting Pronouncements Issued but Not Yet Adopted

Property, equipment and vehicle deposits, net (Details Narrative) - USD ($) $ in Thousands	1 Months Ended		6 Months Ended
	May 31, 2022	Mar. 31, 2022	Jun. 30, 2022	Jun. 30, 2021
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Security Deposits for leasing vehicles			$ 1,039
Deposit, paid	$ 361	$ 678	1,000
Depreciation expenses			$ 434	$ 567

Property, equipment and vehicle deposits, net (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Property, Plant and Equipment [Line Items]
Property equipment	$ 18,429	$ 15,126
Less: accumulated depreciation	(7,195)	(7,510)
Total property, equipment and deposits, net	11,234	7,616
Sharing Electric Vehicles [Member]
Property, Plant and Equipment [Line Items]
Property equipment	11,995	9,348
Furniture and Fixtures [Member]
Property, Plant and Equipment [Line Items]
Property equipment	2,384	2,195
Leasehold Improvements [Member]
Property, Plant and Equipment [Line Items]
Property equipment	698	655
Electric Vehicle Deposits [Member]
Property, Plant and Equipment [Line Items]
Property equipment	$ 3,352	$ 2,928

Liability warrants (Details 3)	6 Months Ended	12 Months Ended
Liability warrants (Details 3)	Jun. 30, 2022	Dec. 31, 2021
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Expected volatility	60.00%
G R N V Sponsor Private Warrants [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Remaining term	4 years 1 month 13 days	4 years 7 months 13 days
Expected volatility	90.00%	40.00%
Risk-free interest rate	3.00%	1.20%
Dividend yield	0.00%	0.00%

Net Loss Per Share - Dilutive outstanding shares (Tables)

6 Months Ended

Jun. 30, 2022

Earnings Per Share [Abstract]

Schedule of dilutive outstanding shares

Schedule of dilutive outstanding shares
	Three months ended June 30,				Six months ended June 30,
	2022		2021		2022		2021
2020 Equity Incentive Plan		7,354,869		7,409,701		7,354,869		7,409,701
Public Warrants		7,736,416		—		7,736,416		—
Convertible Notes *		43,219,831		—		43,219,831		—
Convertible Notes Warrants		1,500,000		—		1,500,000		—
GRNV Sponsor Private Warrants		2,100,000		—		2,100,000		—
Class B Common Shares - Held in escrow for indemnification purpose		1,600,000		—		1,600,000		—
2020 CEO Performance Award		600,000		600,000		600,000		600,000
2021 Omnibus Plan		368,750		—		368,750		—
Common Stocks to be issued outside equity incentive Plans		155,620		—		155,620		—
Convertible Preferred Stock Series B		—		1,313,753		—		1,313,753
Equity Award for Non-employees with Performance condition not satisfied				343,419		—		343,419
Total number of Common Shares not included in the EPS Basic and diluted		64,635,486		9,666,873		64,635,486		9,666,873

Liability warrants (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021	Dec. 31, 2020
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Total Liability warrants	$ 210	$ 1,596	$ 6,439
G R N V Sponsor Private Warrants [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Total Liability warrants	$ 210	$ 1,596

Net Loss Per Share - Dilutive outstanding shares (Details) - shares

3 Months Ended

6 Months Ended

Jun. 30, 2022

Jun. 30, 2021

Jun. 30, 2022

Jun. 30, 2021

Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]

Stock Option Plan 2020 [Member]

64,635,486

9,666,873

64,635,486

9,666,873

Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]

Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]

7,354,869

7,409,701

7,354,869

7,409,701

Public Warrants [Member]

Convertible Notes [Member]

7,736,416

Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]

Convertible Notes Warrants [Member]

^[1]

43,219,831

Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]

G R N V Sponsor Private Warrants [Member]

1,500,000

Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]

Class B Common Shares Held Escrow [Member]

2,100,000

Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]

C E O Performance Award 2020 [Member]

1,600,000

Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]

Omnibus Plan 2021 [Member]

600,000

Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]

Common Stock Issued Outside Equity Incentive Plans [Member]

368,750

Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]

Convertible Preferred Stock Series B [Member]

155,620

Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]

Equity Award For Nonemployees [Member]

1,313,753

Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]

Related Party Transactions

343,419

[1]	The number of Common Shares presented is based on the principal plus accumulated interests outstanding as of 6.30.2022 divided by $0.61 (92.5% of the lowest DVWAP of the Class A Common Stock during the five consecutive trading days immediately preceding 6.30.22)

Condensed Consolidated Statements of Cash Flows (unaudited) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021
Operating activities
Net loss	$ (39,137)	$ (22,229)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:
Depreciation and amortization	2,661	3,331
Loss on disposal of assets	116	238
Non-cash interest expenses and amortization of debt discount	2,971	509
Change in fair value of warrant liabilities	(1,386)	4,128
Change in fair value of accounts payables	(304)
(Gain) or Loss on extinguishment of debts	2,065
Share-based compensation	2,252	2,131
Other non-cash items related to licensing		748
Changes in operating assets and liabilities:
Prepaid and other assets	2,617	(38)
Security deposits	(5)	22
Accounts receivables	(1,337)	(360)
Accounts payables	3,935	(196)
Accrued expenses and other current liabilities	2,263	1,240
Other non-current liabilities	83	(137)
Net cash used in operating activities	(23,206)	(10,613)
Investing activities
Purchase of property, equipment, and vehicle deposits	(3,586)	(4,913)
Deposit for Letter of Intent	(1,000)
Purchase of intangible assets	(117)	(308)
Acquisition of business, net of cash acquired		(1,987)
Net cash used in investing activities	(4,703)	(7,208)
Financing activities
Proceeds from issuance of financial liabilities, net	10,248	18,156
Repayment of financial liabilities	(1,495)	(2,505)
Proceeds from issuance of financial liabilities, due to related party - Officer	380	2,010
Proceeds from settlement of Subscription receivables		4,033
Proceeds from sale of Class A common shares, net		955
Payments of offering costs and underwriting discounts and commissions		(1,193)
Net cash provided by financing activities	9,133	21,456
Increase (decrease) in cash and cash equivalents, and restricted cash	(18,776)	3,635
Effect of exchange rate changes	306	(39)
Net increase (decrease) in cash and cash equivalents, and restricted cash	(18,470)	3,596
Cash and cash equivalents, and restricted cash, beginning of year	21,253	790
Cash and cash equivalents, and restricted cash, end of year	2,783	4,386
RECONCILIATION OF CASH, CASH EQUIVALENT AND RESTRICTED CASH TO THE CONSOLIDATED BALANCE SHEET
Cash and cash equivalents	2,480	4,277
Restricted cash, included in Current assets	193
Restricted cash, included in Other assets, non-current	110	109
Supplemental disclosure of cash flow information
Interest	517	556
Income taxes, net of refunds	12	2
Non-cash investing & financing activities
Issuance of Class A common shares – for warrant exercise		10,567
Issuance of Class A common shares – for settlement of lease		1,747
Issuance of common stock – MiMoto Smart Mobility S.r.l. Acquisition		10,389
Convertible notes converted into common shares	14,326
Increasing of Financial liabilities for derecognition of Beneficial conversion features (BCF) - Adoption of ASU 2020-06	3,371
Purchase of vehicles with financing agreement	3,328
Prepaid expenses related to D&O insurance, included in Account payable	402
Issuance of Warrants - in conjunction with Convertible Notes issuance	603
Issuance of common shares – Commitment shares and share based compensation for Convertible Notes issuance	$ 695

Current and Non-current financial liabilities and capital leases, net (Details 2)	6 Months Ended
	Jun. 30, 2022 $ / shares
Warrant [Member]
Short-Term Debt [Line Items]
Strike Price	$ 20.00
Amended Warrant [Member]
Short-Term Debt [Line Items]
Strike Price	$ 3.00
Convertible Note 1 [Member]
Short-Term Debt [Line Items]
Maturity Date	Apr. 15, 2023
Fixed Conversion Price	$ 3.00
Floor Price	$ 0.25
Convertible Note 1 [Member] \| Convertible Debts 2021 [Member]
Short-Term Debt [Line Items]
Maturity Date	Oct. 12, 2022
Fixed Conversion Price	$ 20.00
Floor Price	$ 10.00
Convertible Note 2 [Member]
Short-Term Debt [Line Items]
Maturity Date	May 27, 2023
Fixed Conversion Price	$ 3.00
Floor Price	$ 0.25
Convertible Note 2 [Member] \| Convertible Debts 2021 [Member]
Short-Term Debt [Line Items]
Maturity Date	Oct. 22, 2022
Fixed Conversion Price	$ 20.00
Floor Price	$ 8.25
Convertible Note 3 [Member] \| Convertible Debts 2021 [Member]
Short-Term Debt [Line Items]
Maturity Date	Nov. 11, 2022
Fixed Conversion Price	$ 20.00
Floor Price	$ 8.55
Amended Convertible Note 1 [Member] \| Convertible Debts 2021 [Member]
Short-Term Debt [Line Items]
Maturity Date	Dec. 31, 2022
Fixed Conversion Price	$ 3.00
Floor Price	$ 0.25
Amended Convertible Note 2 [Member] \| Convertible Debts 2021 [Member]
Short-Term Debt [Line Items]
Maturity Date	Dec. 31, 2022
Fixed Conversion Price	$ 3.00
Floor Price	$ 0.25
Amended Convertible Note 3 [Member] \| Convertible Debts 2021 [Member]
Short-Term Debt [Line Items]
Maturity Date	Dec. 31, 2022
Fixed Conversion Price	$ 3.00
Floor Price	$ 0.25

Related Party Transactions

6 Months Ended

Jun. 30, 2022

16. Related Party Transactions

During the six months ended June 30, 2022, our majority shareholder and CEO has lent Helbiz, funds on an interest-free basis for cumulative gross proceeds of $380 through two Promissory Notes.

Net Loss Per Share - Dilutive outstanding shares

6 Months Ended

Jun. 30, 2022

Earnings Per Share [Abstract]

Net Loss Per Share - Dilutive outstanding shares

14. Net Loss Per Share - Dilutive outstanding shares

The following potentially dilutive outstanding shares (considering a retroactive application of the conversion ratio) 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,
	2022		2021		2022		2021
2020 Equity Incentive Plan		7,354,869		7,409,701		7,354,869		7,409,701
Public Warrants		7,736,416		—		7,736,416		—
Convertible Notes *		43,219,831		—		43,219,831		—
Convertible Notes Warrants		1,500,000		—		1,500,000		—
GRNV Sponsor Private Warrants		2,100,000		—		2,100,000		—
Class B Common Shares - Held in escrow for indemnification purpose		1,600,000		—		1,600,000		—
2020 CEO Performance Award		600,000		600,000		600,000		600,000
2021 Omnibus Plan		368,750		—		368,750		—
Common Stocks to be issued outside equity incentive Plans		155,620		—		155,620		—
Convertible Preferred Stock Series B		—		1,313,753		—		1,313,753
Equity Award for Non-employees with Performance condition not satisfied				343,419		—		343,419
Total number of Common Shares not included in the EPS Basic and diluted		64,635,486		9,666,873		64,635,486		9,666,873

*	The number of Common Shares presented is based on the principal plus accumulated interests outstanding as of 6.30.2022 divided by $0.61 (92.5% of the lowest DVWAP of the Class A Common Stock during the five consecutive trading days immediately preceding 6.30.22)

Current and Non-current financial liabilities and capital leases, net (Details) - USD ($)
$ in Thousands

Jun. 30, 2022

Dec. 31, 2021

Total unamortized debt discounts and debt issuance costs

$ 49,907

$ 50,994

(1,753)

(7,464)

Of which classified as Current Financial Liabilities, net

48,154

43,530

30,597

25,473

Of which classified as Non-Current Financial Liabilities, net

$ 17,557

18,057

Convertible Debts 2021 [Member]

2021 Convertible Debts, net

5.00%

$ 16,488

30,291

Convertible Debts 2022 [Member]

2021 Convertible Debts, net

5.00%

$ 10,081

Of which principal and accumulated interest expenses

Secured Long Term Loan [Member]

12.70%

$ 14,245

13,679

Long Term Loan [Member]

4.50%

Long Term Loan One [Member]

$ 3,344

3,918

5.40%

Capital Lease Liability [Member]

$ 1,561

2,054

C E O Promissory Notes [Member]

^[1]

$ 2,792

0.00%

Other Financial Liabilities [Member]

$ 380

Description of Business and Basis of Presentation

$ 1,017

$ 1,053

[1]	Please refer to Commitments and Contingencies

Current and Non-current financial liabilities and capital leases, net (Details 1) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Current And Non-current Financial Liabilities And Capital Leases Net
2021 Convertible Debts pre and post amendment	$ 426		$ 1,810
2022 Convertible Debts	384		384
Secured Long Term Loan	516	418	973	454
Other financial liabilities	185	148	325	610
Total Interest expenses, net	1,512	566	3,492	1,064
2021 Convertible Debts	2,065		2,065
Total Loss on extinguishment of debts	$ 2,065		$ 2,065

Current and Non-current financial liabilities and capital leases, net (Details Narrative) - USD ($) $ / shares in Units, $ in Thousands		1 Months Ended	3 Months Ended	6 Months Ended
	Oct. 12, 2021	Apr. 15, 2022	Jun. 30, 2022	Jun. 30, 2022	May 17, 2022	Dec. 31, 2021
Short-Term Debt [Line Items]
Long-Term Debt, Weighted Average Interest Rate, at Point in Time			92.50%	92.50%
Warrants issued		1,000,000	500,000	500,000
Debt discount		$ 2,065	$ 816	$ 816
Note holder converted				3,371
Originally issuance			4,187	4,187
Conversion of Stock, Amount Issued			7,354	13,854
Accumulated interests			$ 544	$ 544
Securities purchase agreement, description	(i) 150,000 shares of Class A common stock as a commitment fee, (ii) 500,000 Warrants to buy 500,000 Class A common shares with an exercise price of $3.00 per share and a five-year expiration date, and (iii) two convertible notes with the following terms.
Fair value of warrant			$ 1.34	$ 1.34
Volatility				60.00%
Short term debt						$ 10,000
Issuance of common shares, shares				150,000
Issuance of common shares, value			$ 399	$ 399
Convertible Notes Payable [Member]
Short-Term Debt [Line Items]
Legal fees				451
Cash			$ 155	155
Issuance of shares amount				$ 296
Warrant [Member]
Short-Term Debt [Line Items]
Risk free rate				2.79%
Remaining term				5 years
Common Stock [Member]
Short-Term Debt [Line Items]
Shares issued			150,000	150,000
Convertible Debt [Member]
Short-Term Debt [Line Items]
Note holder converted			$ 7,516	$ 14,398
Accumulated interests			162	162
Class B Common Stock [Member]
Short-Term Debt [Line Items]
Security interest		$ 7,000,000
Issuance of common shares, value
Class A Common Stock [Member]
Short-Term Debt [Line Items]
Stock Issued During Period, Shares, Conversion of Convertible Securities			7,242,626	9,649,626
Issuance of common shares, value			$ 399	$ 399
Common Stock [Member]
Short-Term Debt [Line Items]
Fair value of stock			$ 2.66	$ 2.66
Convertible Notes 2021 [Member]
Short-Term Debt [Line Items]
Warrants issued		1,000,000			1,000,000

Description of Business and Basis of Presentation

6 Months Ended

Jun. 30, 2022

Accounting Policies [Abstract]

1. Description of Business and Basis of Presentation

Description of Business

Helbiz, Inc. and Subsidiaries, (“Helbiz” or the “Company”) was incorporated in the state of Delaware in October 2015 with its headquarter in New York, New York. The Company is an intra-urban transportation company that seeks to help urban areas reduce their dependence 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 scooters, bikes and mopeds in the sharing environment. Through its Mobility App, Helbiz offers an intra-urban transportation solution that allows users to instantly rent electric vehicles. Additionally, the Company is operating two other business lines: (i) acquisition, commercialization and distribution of contents including live sport events, and (ii) food delivery services through a “ghost kitchen” concept.

The Company currently has a strategic footprint in growing markets with offices in New York, Milan, and Belgrade, with additional operational teams around the world. 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, 2021, 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 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, 2021, 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 for the three and six months ended June 30, 2022, and cash flows for the six months ended June 30, 2022, 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

6 Months Ended

Jun. 30, 2022

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

Property, equipment and vehicle deposits, net

6. Prepaid and other current assets

Prepaid and other current assets consist of the following:

Prepaid and other current assets
	June 30,		December 31,
	2022		2021
Prepaid	$	2,089	$	1,449
Security Deposits for leasing vehicles		1,039		—
D&O Insurance Coverage		591		3,133
Other current assets		739		99
Total prepaid and other current assets	$	4,458	$	4,681

Security Deposits for leasing vehicles amounted to $1,039, which consisted of the following:

$678 deposit, paid in March 2022, in connection with a 12-month capital lease agreement covering approximately 3,000 eScooters for European markets, and;

$361 deposit, paid in May 2022, in connection with a 18-month capital lease agreement for 800 eScooters for US markets. This deposit will be refunded in May 2023 before the expiration of the agreement.

Refer to “Commitments and Contingencies” paragraph for further disclosures related to the capital lease agreements.

7. Property, equipment and vehicle deposits, net

Property and equipment consist of the following:

Property, Plant and Equipment
	June 30,			December 31,
	2022			2021
Sharing electric vehicles	$	11,995		$	9,348
Furniture, fixtures, equipment, computers, and software		2,384			2,195
Leasehold improvements		698			655
Electric vehicle deposits		3,352			2,928
Total property, equipment and vehicle deposits, gross		18,429			15,126
Less: accumulated depreciation		(7,195	)		(7,510	)
Total property, equipment and vehicle deposits, net	$	11,234		$	7,616

Depreciation expenses related to the leased assets amounted to $434 and $567 for the three and six months ended on June 30, 2022, respectively.

The table below shows the Electric vehicle deposits roll-forward from January 1, 2022, to June 30, 2022. During the period January 1, 2021 – June 30, 2021, no activity occurred for the deposit account.

Schedule of Electric vehicle deposits
Advance to Suppliers	January 1, 2022		Additions		Reclassification in Sharing electric vehicles			FX Rate adj.			June 30, 2022

Mobility		2,928		3,090		(2,553	)		(113	)		3,352
Total	$	2,928	$	3,090	$	(2,553	)	$	(113	)	$	3,352

Revenue Recognition

6 Months Ended

Jun. 30, 2022

Revenue Recognition

Revenue Recognition

4. Revenue Recognition

The table below shows the revenues breakdown for the three and six months ended on June 30, 2022, and on June 30, 2021.

Revenue recognition

Three Months Ended June 30, Six Months Ended June 30,

2022 2021 2022 2021

Mobility Revenues $ 2,716 $ 2,982 $ 4,293 $ 3,997

Pay per ride 2,187 2,304 3,392 3,099

Mobility Subscriptions 360 451 648 615

    Partnerships fees 169 227 253 $ 283

    Media Revenues $ 1,489 $ —   $ 3,145 $ —

  Commercialization of Media rights (B2B) 1,052 —   2,348 —

      Advertising fees 156 —   206 —

      Live subscriptions (B2C) 281 —   591 —

Other Revenues $ 153 $ —   $ 232 $ —

Total Revenues $ 4,358 $ 2,982 $ 7,670 $ 3,997

The Company mainly generates revenues related to: (i) single-use ride fees paid by riders of the Company’s e-bikes, e-mopeds and e-scooters, and (ii) international commercialization and distribution of media contents to media partners, in the Business to Business (“B2B") environment.

The table below shows the Deferred revenues roll-forward from January 1, 2021, to June 30, 2021, and from January 1, 2022, to June 30, 2022.

Deferred revenues
Deferred Income	January 1, 2021		Additions		Q1 2021 Revenue			March 31, 2021		FX Rate adj		Additions		Q2 2021 Revenue			June 30, 2021

Mobility	$	146		391		(345	)		192		165		1,260		(842	)		775
Media		—		—		—			—		—		—		—			—
Total	$	146	$	391	$	(345	)	$	192	$	165	$	1,260	$	(842	)	$	775

Deferred Income	January 1, 2022		FX Rate adj			Additions		Q1 2022 Revenue			March 31, 2022		FX Rate adj			Additions		Q2 2022 Revenue			June 30, 2022

Mobility	$	1,183		(19	)		347		(329	)		1,182		(33	)		592		(538	)		1,203
Media		402		(40	)		2,473		(316	)		2,519		(136	)		1,623		(1,558	)		2,448
Total	$	1,585	$	(59	)	$	2,820	$	(645	)	$	3,701	$	(169	)	$	2,215	$	(2,096	)	$	3,651

Deferred revenues related to prepaid customer wallet will be recorded as Mobility Revenues when riders take a ride, while deferred revenues related to Media will be mainly recorded as Revenues in the six months ending December 31, 2022.

Commitments and Contingencie (Details) $ in Thousands	Jun. 30, 2022 USD ($)
Commitments and Contingencies Disclosure [Abstract]
Operating leases 2022	$ 895
Capital leases 2022	2,193
Operating leases 2023	588
Capital leases 2023	777
Operating leases 2024	124
Capital leases 2024	60
Operating leases Thereafter	41
Capital leases Thereafter	15
Total minimum lease payments	1,648
Total minimum lease payments	3,045
Amounts representing interest not yet incurred	252
Present value of capital lease obligations	2,792
Less: Current portion	2,701
Long-term portion of capital lease obligations	$ 91

Share based compensation expenses

6 Months Ended

Jun. 30, 2022

Retirement Benefits [Abstract]

Share based compensation expenses

13. 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, 2022, and 2021.


	Three Months Ended June 30,				Six Months Ended June 30,
	2022		2021		2022		2021
Cost of revenue		2		5		12		17
Research and development		34		71		98		307
Sales and marketing		161		47		343		214
General and administrative		804		423		1,799		1,593
Total Share based compensation expenses, net		1,001		546		2,252		2,131
Of which related to shares to consultants not issued and adjustments for shares price at issuance		224		—		304		—

Subsequent Events (Details Narrative) - Subsequent Event [Member] - USD ($) $ in Thousands			1 Months Ended
	Jul. 11, 2022	Jul. 02, 2022	Jul. 20, 2022	Aug. 09, 2022
Subsequent Event [Line Items]
Proceeds convertible warrant		$ 4,600
Debt Instrument, Face Amount		$ 400
Convertible note principal amount				$ 3,000
Investor [Member]
Subsequent Event [Line Items]
Debt Instrument	2,000,000
Interest rate	6.75%
Promissory Note [Member]
Subsequent Event [Line Items]
Proceeds from debt			$ 200
Class A Common Stock [Member]
Subsequent Event [Line Items]
Debt Instrument		9,694,902
Class A Common Stock [Member] \| Promissory Note [Member]
Subsequent Event [Line Items]
Debt Instrument			327,425

Share based compensation expenses (Tables)

6 Months Ended

Jun. 30, 2022

Retirement Benefits [Abstract]

Schedule of stock-based compensation expenses


	Three Months Ended June 30,				Six Months Ended June 30,
	2022		2021		2022		2021
Cost of revenue		2		5		12		17
Research and development		34		71		98		307
Sales and marketing		161		47		343		214
General and administrative		804		423		1,799		1,593
Total Share based compensation expenses, net		1,001		546		2,252		2,131
Of which related to shares to consultants not issued and adjustments for shares price at issuance		224		—		304		—

Liability warrants (Details 2) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021	Dec. 31, 2020
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Warrant Liability	$ 210	$ 1,596	$ 6,439
Fair Value, Inputs, Level 1 [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Warrant Liability
Fair Value, Inputs, Level 2 [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Warrant Liability
Fair Value, Inputs, Level 3 [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Warrant Liability	210	1,596
G R N V Sponsor Private Warrants [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Warrant Liability	210	1,596
G R N V Sponsor Private Warrants [Member] \| Fair Value, Inputs, Level 1 [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Warrant Liability
G R N V Sponsor Private Warrants [Member] \| Fair Value, Inputs, Level 2 [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Warrant Liability
G R N V Sponsor Private Warrants [Member] \| Fair Value, Inputs, Level 3 [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Warrant Liability	$ 210	$ 1,596

Commitments and Contingencies (Tables)

6 Months Ended

Jun. 30, 2022

Commitments and Contingencies Disclosure [Abstract]

Lease expenses under capital leases

Lease expenses under capital leases
	Operating leases	Capital leases
Year ending December 31:
2022	895	2,193
2023	588	777
2024	124	60
Thereafter	41	15
Total minimum lease payments	1,648	3,045
Less: Amounts representing interest not yet incurred		252
Present value of capital lease obligations		2,792
Less: Current portion		2,701
Long-term portion of capital lease obligations		91

Other assets (Details Narrative) - USD ($) $ in Thousands	Aug. 31, 2022	Jul. 31, 2022	May 12, 2022
Subsequent Event [Line Items]
Deposits			$ 1,000
Subsequent Event [Member]
Subsequent Event [Line Items]
Additional deposits	$ 1,000	$ 1,000

Condensed Consolidated Statements of Operations and Comprehensive Loss (unaudited) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Income Statement [Abstract]
Revenue	$ 4,358	$ 2,982	$ 7,670	$ 3,997
Operating expenses:
Cost of revenue	10,267	6,073	21,606	10,577
General and administrative	6,436	2,638	13,115	6,592
Sales and marketing	3,415	1,275	6,013	2,408
Research and development	638	588	1,382	1,164
Total operating expenses	20,756	10,574	42,116	20,741
Loss from operations	(16,398)	(7,592)	(34,447)	(16,744)
Non-operating income (expenses), net
Interest expense, net	(1,512)	(566)	(3,492)	(1,064)
Gain (loss) on extinguishment of debts	(2,065)		(2,065)
Change in fair value of warrant liabilities	441		1,386	(4,127)
Other income (expenses), net	(199)	12	(507)	(260)
Total non-operating income (expenses), net	(3,335)	(554)	(4,679)	(5,452)
Income Taxes	(7)	(18)	(12)	(33)
Net loss	(19,740)	(8,164)	(39,137)	(22,229)
Deemed Dividends and Deemed Dividends equivalents		$ (37)		$ (72)
Net loss per share attributable to common stockholders	$ (19,740)	$ (8,201)	$ (39,137)	$ (22,301)
Net loss per share attributable to common stockholders, basic and diluted	$ (0.57)	$ (0.36)	$ (1.21)	$ (1.01)
Weighted-average number of shares outstanding used to compute net loss per share, basic and diluted	34,737,852	22,666,617	32,438,971	22,134,945
Net loss	$ (19,740)	$ (8,164)	$ (39,137)	$ (22,229)
Other comprehensive (loss) income, net of tax:
Changes in foreign currency translation adjustments	(206)	(46)	(529)	(39)
Net loss and comprehensive income, excluded Deemed Dividends and Deemed Dividends equivalents	$ (19,946)	$ (8,210)	$ (39,666)	$ (22,268)

Other assets (Tables)

6 Months Ended

Jun. 30, 2022

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

Schedule of Other assets

Schedule of Other assets
	June 30,		December 31,
	2022		2021
Letter of Intent	$	1,000	$	—
Other		539		1,212
Total other assets	$	1,539	$	1,212

Goodwill (Tables)

6 Months Ended

Jun. 30, 2022

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of goodwill

Schedule of goodwill
Goodwill	January 1, 2022		Additions		Impairment		FX rate Adj			June 30, 2022

MiMoto Smart Mobility S.r.l.		10,696		—		—		(905	)		9,791
Total	$	10,696	$	—	$	—	$	(905	)	$	9,791

Tabular disclosure of goodwill by reportable segment and in total which includes a rollforward schedule.

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Current And Non-current Financial Liabilities And Capital Leases Net

Subsequent Events

6 Months Ended

Jun. 30, 2022

Subsequent Events [Abstract]

Subsequent Events

17. Subsequent Events

2021 Convertible Debts, conversion into Common Shares

From July 1, 2022, to the date of this prospectus, the Note Holder converted $4.6 million (including $0.4 million of interests) of the 2021 Convertible Notes into 9,694,902 of Class A Common Shares.

CEO Promissory notes, conversion into Common Shares

On July 20, 2022, the Company’s majority shareholder and CEO converted $0.2 million of its Promissory Notes into 327,425 of Class A Common Shares.

Issuance of Note

On July 11, 2022, the Company issued a note to an investor in exchange for 2 million Euro (approximately $2 million). The note carries 6.75% interest and mature in July 2027. The Company can redeem the note after December 15, 2023.

Issuance of Convertible Notes

On August 9, 2022, the Company entered into a Securities Purchase Agreement (the “SPA”) with YA II, Ltd. (the “Note holder”), pursuant to the terms of the SPA, the Company issued to the Note holder a convertible note in the principal amount of $3 million. The convertible notes mature on the one-year anniversary date of their issuance and bears interest at a rate of 5% per annum. In case of an event of default under the convertible notes, the interest rate increases to 15% per annum. The conversion terms and conditions of the Convertible note are the same agreed for 2021 and 2022 Convertible Notes.

Condensed Consolidated Balance Sheets (unaudited) (Parenthetical) - $ / shares	Jun. 30, 2022	Dec. 31, 2021
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	285,774,102	285,774,102
Common stock, shares issued	26,393,183	16,289,209
Common stock, shares outstanding	26,393,183	16,289,209
Common Class B [Member]
Common stock, par value (in Dollars per share)	$ 0.00001	$ 0.00001
Common stock, shares authorized	14,225,898	14,225,898
Common stock, shares issued	14,225,898	14,225,898
Common stock, shares outstanding	14,225,898	14,225,898

Property, equipment and vehicle deposits, net (Details 1) $ in Thousands	6 Months Ended
	Jun. 30, 2022 USD ($)
Electric vehicle deposits, beginning	$ 2,928
Electric vehicle deposits, Additions	3,090
Reclassification in Sharing electric vehicles	(2,553)
Electric vehicle deposits fx rate adjustment	(113)
Electric vehicle deposits, ending	3,352
Mobility [Member]
Electric vehicle deposits, beginning	2,928
Electric vehicle deposits, Additions	3,090
Reclassification in Sharing electric vehicles	(2,553)
Electric vehicle deposits fx rate adjustment	(113)
Electric vehicle deposits, ending	$ 3,352

Current and Non-current financial liabilities and capital leases, net

6 Months Ended

Jun. 30, 2022

Current and Non-current financial liabilities and capital leases, net

11. Current and Non-current financial liabilities and capital leases, net

The Company’s Financial liabilities consisted of the following:

Financial liabilities
	Interest Rate			Maturity Date			June 30, 2022			December 31, 2021
2021 Convertible Debts amended		5	%		2022			16,488			30,291
2022 Convertible Debts		5	%		2023	⁽²⁾		10,081			—
Secured Long Term Loan		12.7	%		2023			14,245			13,679
Long Term Loan		4.5	%		2026			3,344			3,918
Long Term Loan		5.4	%		2024			1,561			2,054
Capital lease liability⁽¹⁾		N/A			2023			2,792			—
CEO Promissory Note (Related Party)		0	%		2022			380			—
Other financial liabilities		Varies			Varies			1,017			1,053
Total principal and accumulated interests								49,907			50,994
Total unamortized debt discounts and debt issuance costs								(1,753	)		(7,464	)
Total financial liabilities and capital leases, net								48,154			43,530
Of which classified as Current financial liabilities and capital liabilities, net								30,597			25,473
Of which classified as Non-current financial Liabilities, net								17,557			18,057

(1) Please refer to Commitments and Contingencies

The table below shows the impact on the statements of operations, Interest expense, net and Loss on extinguishment of debts accounts, related to the financial liabilities for the three and six months ended June 30, 2022 and June 30, 2021.

Interest expenses
Schedule of Financial liabilities impacts on Statement of Operations	Three Months Ended June 30,				Six Months Ended June 30,
	2022		2021		2022		2021
2021 Convertible Debts pre and post amendment		426		—		1,810		—
2022 Convertible Debts		384		—		384		—
Secured Long Term Loan		516		418		973		454
Other financial liabilities		185		148		325		610
Total Interest expenses, net		1,512		566		3,492		1,064

2021 Convertible Debts		2,065		—		2,065		—
Total Loss on extinguishment of debts		2,065		—		2,065		—

2021 Convertible Debts

Amendments

The three 2021 convertible notes are convertible by the Note Holder upon issuance. In accordance with the original agreement the conversion price will be the lower of a Fixed Conversion Price or 92.5% of the lowest daily volume-weighted average price (VWAP) of the Class A Common Stock during the five consecutive trading days immediately preceding the conversion date, provided that the conversion price may not be less than the Floor Price.

On April 15, 2022, and on May 17, 2022, Helbiz amended certain terms of the 2021 Convertible Notes and related 1,000,000 Warrants previously issued under the 2021 SPA, see below the terms amended:

Schedule of Convertible Debts
Original Terms impacted	Note-1		Note-2		Note-3		Warrant
Maturity Date	October 12, 2022		October 22, 2022		November 11, 2022		N/A
Fixed Conversion Price	$	20.00	$	20.00	$	20.00		N/A
Floor Price	$	10.00	$	8.25	$	8.55		N/A
Strike Price		N/A		N/A		N/A	$	20.00

Amended Terms		Note-1		Note-2		Note-3		Warrant
Maturity Date		December 31, 2022		December 31, 2022		December 31, 2022		N/A
Fixed Conversion Price	$	3.00	$	3.00	$	3.00		N/A
Floor Price	$	0.25	$	0.25	$	0.25		N/A
Strike Price		N/A		N/A		N/A	$	3.00

Additionally, the parties also entered into a Guaranty Agreement and a Pledge Agreement as a result of the April 15, 2022 amendment.

Based on the new terms described above, the Company considered the April 15, 2022, amendment as an extinguishment of the original 2021 Convertible Notes. As a result, the net carrying value of the original 2021 Convertible Notes have been derecognized and the amended 2021 Convertible Notes have been recorded at their fair values on the date of the amendment (April 15, 2022). On April 15, 2022, the fair value of the amended 2021 Convertible Notes have been estimated as the principal amounts and accrued interests and unpaid interests.

The difference between the two amounts, amounted to $2,065 which represents the debt discounts on April 15, 2022, has been recorded in the statements of operations as Loss on extinguishment of debt.

The Company analyzed the April 15, 2022 amendment of the exercise price of the 1,000,000 warrants issued to the 2021 Convertible Note Holder that had been classified as equity, in accordance with ASU 2021-04 which resulted in no impact on the interim financial statement ended June 30, 2022.

On April 15, 2022, all the Helbiz Inc. subsidiaries (“Guarantors”) entered into a Guaranty Agreement in favor of the Note Holder with respect to all the obligations Helbiz Inc owes to the Note Holder pursuant to the 2021 and 2022 Convertible Notes SPAs (refer below for further information regarding the 2022 Convertible Notes). The Guarantors, jointly and severally, guarantee to the Note Holder the full and unconditional payment when due, contained in the two SPAs. The Guarantors agree that after the occurrence of any default in the payment or performance of the obligations, the Guarantors will not demand, sue for or otherwise attempt to collect any such indebtedness of the Note Holder to the Guarantors until the obligations shall have been paid in full.

On April 15, 2022, Salvatore Palella (Helbiz Inc CEO and majority shareholder) entered into a Pledge Agreement in favor of the Note Holder. The agreement grants the Note Holder a first priority security interest and pledge in at least $7,000,000 shares of Class B Common Stock that are owned by the CEO of the Company as security for the Company’s obligations under the 2021 and 2022 Convertible Notes SPAs.

ASU 2020-06

Effective January 1, 2022, the Company adopted ASU 2020-06 using the modified retrospective approach, under this new guidance the BCF does not require bifurcation from the host liability. As a result, on January 1, 2022, the Company derecognized the BCF from the condensed combined balance sheet. In detail, the interest expense that arose from the amortization of the debt discount related to the BCF during 2021, amounted to $816, has been recognized as a cumulative adjustment to accumulated deficit at the transition date. Additionally, the remaining BCF debt discount balance at the transition date, amounted to $3,371 and the equity amount originally recorded at the issuance date $4,187 for the BCF, have been derecognized on the transition date.

Conversions

During the three months ended June 30, 2022, the Note Holder converted $7,516 (of which $7,354 as principal and $162 as accumulated interests) of the 2021 Convertible Notes into 7,242,626 Class A Common Shares.

During the six months ended June 30, 2022, the Note Holder converted $14,398 (of which $13,854 as principal and $544 as accumulated interests) of the 2021 Convertible Notes into 9,649,626 Class A Common Shares.

2022 Convertible Debts

On April 15, 2022 (“closing date”), the Company entered into a Securities Purchase Agreement (the “SPA”) with YA II, Ltd. (the “Note Holder”), pursuant to the terms of the SPA, the Company received from the Note holder proceeds of $10 million and issued: (i) 150,000 shares of Class A common stock as a commitment fee, (ii) 500,000 Warrants to buy 500,000 Class A common shares with an exercise price of $3.00 per share and a five-year expiration date, and (iii) two convertible notes with the following terms.

Schedule of Convertible Debts
	Convertible Note-1		Convertible Note-2
Issuance date	April 15, 2022		May 27, 2022
Maturity Date	April 15, 2023		May 27, 2023
Principal	$	6,000,000	$	4,000,000
Fixed Conversion Price	$	3.00	$	3.00
Floor Price	$	0.25	$	0.25
Interest rate		5.00%		5.00%
Default interest rate		15.00%		15.00%

The two convertible notes are convertible by the Note Holder upon issuance. The conversion price will be lower of the Fixed Conversion Price or 92.5% of the lowest daily volume-weighted average price (“DVWAP”) of the Class A Common Stock during the five consecutive trading days immediately preceding the conversion date, provided that the conversion price may not be less than the Floor Price.

Based on the SPA and the amendment that occurred on May 17, 2022, the Company is required to pay a redemption premium in two circumstances: a) if the Company redeems the convertible notes prior to maturity; or b) if 90 days after the issuance, the DVWAP is less than the Floor Price for ten trading days during a period of 15 consecutive trading days. In case event b) occurred the Company is required to make monthly payments which shall be in an amount equal to the sum of (i) the principal amount outstanding divided by the number of such monthly payments until maturity, (ii) a redemption premium of 10% of such principal amount and (iii) accrued and unpaid interest hereunder as of each payment date. The Company obligation to make monthly payments cease if the Company reduces the Floor Price. The reduced Floor Price shall be equal to no more than 80% of the Closing Bid Price on the Trading Day immediately prior to such Reset Notice.

At the issuance dates of the Convertible Notes, the Company separated the Convertible Notes into a liability and equity components. In detail, at the issuance of the convertible notes, the Company determined the fair value of:

(i)

500,000 warrants issued. The fair value of each warrant was $1.34, and it is based on the following assumptions: risk free rate 2.79%, volatility 60% and remaining term 5.00 years;

(ii)

150,000 commitment shares issued. The fair value of each share was $2.66, based on the closing price of Company’s common stock at the issuance date; and

(iii) convertible notes fair value has been approximated with their principal amount, $10 million due to the short term.

The Company allocated the gross proceeds between the Convertible Note - classified as Current liability - and the warrants - classified as equity component with no subsequent re-measurement - based upon their relative fair values. Additionally, the Company recorded the following debt discounts related to the Convertible notes:

a) The fair value of the 150,000 commitment shares, amounted to $399. It represents an equity component recorded at closing date with no subsequent re-measurement; and

b) Issuance costs related to legal fees, amounted to $451 ($155 cash and $296 issuance of common shares).

The difference between the principal amounts of the Convertible Notes and the liability components ("debt discount") is amortized to interest expense over the contractual term of the notes.

Segment and geographic information (Details 1) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Revenue	$ 4,358	$ 2,982	$ 7,670	$ 3,997
ITALY
Revenue	3,709	2,031	6,661	2,681
UNITED STATES
Revenue	649	951	1,009	1,316
All Other Countries [Member]
Revenue

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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Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill

6 Months Ended

Jun. 30, 2022

Goodwill

8. Goodwill

The table below shows the Goodwill roll-forward from January 1, 2022, to June 30, 2022.

Schedule of goodwill
Goodwill	January 1, 2022		Additions		Impairment		FX rate Adj			June 30, 2022

MiMoto Smart Mobility S.r.l.		10,696		—		—		(905	)		9,791
Total	$	10,696	$	—	$	—	$	(905	)	$	9,791

Cover - shares	6 Months Ended
Cover - shares	Jun. 30, 2022	Aug. 15, 2022
Document Type	10-Q
Amendment Flag	false
Document Quarterly Report	true
Document Transition Report	false
Document Period End Date	Jun. 30, 2022
Document Fiscal Period Focus	Q2
Document Fiscal Year Focus	2022
Current Fiscal Year End Date	--12-31
Entity File Number	001-39136
Entity Registrant Name	Helbiz, Inc
Entity Central Index Key	0001788841
Entity Tax Identification Number	84-3015108
Entity Incorporation, State or Country Code	DE
Entity Address, Address Line One	32 Old Slip
Entity Address, City or Town	New York
Entity Address, State or Province	NY
Entity Address, Postal Zip Code	10005
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		51,024,917
Class Common Stock 0. 00001 Par Value [Member]
Title of 12(b) Security	Class A Common Stock, $0.00001 par value
Trading Symbol	HLBZ
Security Exchange Name	NASDAQ
Redeemable Warrants Each Warrant Exercisable For One Share Of Class Common Stock [Member]
Title of 12(b) Security	Redeemable warrants, each warrant exercisable for one share of Class A Common Stock
Trading Symbol	HLBZW
Security Exchange Name	NASDAQ

Liability warrants (Details Narrative) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2022	Mar. 31, 2022	Jun. 30, 2022	Jun. 30, 2021	Dec. 31, 2021
Guarantees and Product Warranties [Abstract]
Change in fair value	$ 441	$ 945	$ (1,386)	$ 4,128	$ 1,386
Warrant price	$ 0.10		$ 0.10		$ 0.76

Current and Non-current financial liabilities and capital leases, net (Details 3)	6 Months Ended
	Jun. 30, 2022 USD ($) $ / shares
Convertible Note 1 [Member]
Short-Term Debt [Line Items]
Issuance date	Apr. 15, 2022
Maturity Date	Apr. 15, 2023
Principal \| $	$ 6,000,000
Fixed Conversion Price	$ 3.00
Floor Price	$ 0.25
Interest rate	5.00%
Default interest rate	15.00%
Convertible Note 2 [Member]
Short-Term Debt [Line Items]
Issuance date	May 27, 2022
Maturity Date	May 27, 2023
Principal \| $	$ 4,000,000
Fixed Conversion Price	$ 3.00
Floor Price	$ 0.25
Interest rate	5.00%
Default interest rate	15.00%

Goodwill (Details) $ in Thousands	6 Months Ended
Goodwill (Details) $ in Thousands	Jun. 30, 2022 USD ($)
Defined Benefit Plan Disclosure [Line Items]
Goodwill, Beginning balance	$ 10,696
Goodwill Additions
Goodwill Impairment
Goodwill fx rate adjustment	(905)
Goodwill, Beginning balance	9,791
Mi Moto Smart Mobility Srl [Member]
Defined Benefit Plan Disclosure [Line Items]
Goodwill, Beginning balance	10,696
Goodwill Additions
Goodwill Impairment
Goodwill fx rate adjustment	(905)
Goodwill, Beginning balance	$ 9,791

Amount after accumulated impairment loss of an asset representing future economic benefits arising from other assets acquired in a business combination that are not individually identified and separately recognized.

+ References + Details

Revenue Recognition (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
Revenue Recognition (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Total Revenue	$ 4,358	$ 2,982	$ 7,670	$ 3,997
Mobility Revenues [Member]
Total Revenue	2,716	2,982	4,293	3,997
Pay Per Ride [Member]
Total Revenue	2,187	2,304	3,392	3,099
Mobility Subscriptions [Member]
Total Revenue	360	451	648	615
Partnerships Fees [Member]
Total Revenue	169	227	253	283
Media Revenues [Member]
Total Revenue	1,489		3,145
Commercialization Of Media Rights [Member]
Total Revenue	1,052		2,348
Advertising Fees [Member]
Total Revenue	156		206
Live Subscription [Member]
Total Revenue	281		591
Other Revenues [Member]
Total Revenue	$ 153		$ 232

Condensed Consolidated Statements of Convertible Preferred Stock and Stockholders' Deficit (unaudited) - USD ($) $ in Thousands	Convertible Preferred Stock Series B [Member]	Class A Common Stock [Member]	Class B Common Stock [Member]	Subscription Receivables [Member]	Retained Earnings [Member]	AOCI Attributable to Parent [Member]	Total
Beginning balance, value at Dec. 31, 2020	$ 4,040	$ 24,872		$ (4,033)	$ (36,221)	$ 36	$ (15,346)
Beginning balance, Shares at Dec. 31, 2020		20,359,154
Issuance of common shares – for Sale		$ 923					923
Issuance of common shares for sale, shares		127,116
Issuance of common shares – to financial advisor for Issuance of Common Shares		$ 33					33
Issuance of common shares - to financial advisor for Issuance of Common Shares, shares		5,719
Issuance of common stock – Exercise of Warrants		$ 10,567					10,567
Issuance of common stock - Exercise of Warrants, shares		1,075,867
Issuance of common stock – for settlement of Lease		$ 1,747					1,747
Issuance of common stock - for settlement of Lease, shares		177,827
Settlement of Subscription Receivables				4,033			4,033
Issuance of common stock – MiMoto Smart Mobility S.r.l. Acquisition		$ 10,389					10,389
Issuance of common stock - MiMoto Smart Mobility S.r.l. Acquisition. shares		1,057,740
Share based compensation		$ 2,130					2,130
Share based compensation shares		9,987
Exchange of Class A Common Stock to Class B Common Stock
Exchange of Class A Common Stock to Class B Common Stock, shares		(14,225,898)	14,225,898
Dividends and dividend equivalents for Preferred Stockholders	72				(72)		(72)
Changes in currency translation adjustment						(39)	(39)
Net loss					(22,229)		(22,229)
Ending balance, value at Jun. 30, 2021	4,112	$ 50,661			(58,522)	(3)	(7,863)
Ending balance, Shares at Jun. 30, 2021		8,587,512	14,225,898
Beginning balance, value at Mar. 31, 2021	4,075	$ 39,825			(50,321)	43	(10,453)
Beginning balance, Shares at Mar. 31, 2021		21,755,670
Issuance of common stock – MiMoto Smart Mobility S.r.l. Acquisition		$ 10,389					10,389
Issuance of common stock - MiMoto Smart Mobility S.r.l. Acquisition. shares		1,057,740
Share based compensation		$ 447					447
Exchange of Class A Common Stock to Class B Common Stock
Exchange of Class A Common Stock to Class B Common Stock, shares		(14,225,898)	14,225,898
Dividends and dividend equivalents for Preferred Stockholders	37				(37)		(37)
Changes in currency translation adjustment						(46)	(46)
Net loss					(8,164)		(8,164)
Ending balance, value at Jun. 30, 2021	4,112	$ 50,661			(58,522)	(3)	(7,863)
Ending balance, Shares at Jun. 30, 2021		8,587,512	14,225,898
Beginning balance, value at Dec. 31, 2021		$ 101,454			(108,682)	(621)	(7,849)
Beginning balance, Shares at Dec. 31, 2021		16,289,209	14,225,898
ASU No. 2020-06 - modified retrospective method		$ (4,187)			816		(3,371)
Issuance of Warrants - in conjunction with Convertible Notes issuance		603					603
Issuance of common shares – Commitment shares for Convertible Notes issuance		$ 399					399
Issuance of common shares - Commitment shares for Convertible Notes issuance, shares		150,000
Issuance of common shares – to legal advisors for Convertible Note issuance		$ 296					296
Issuance of common shares - to legal advisors for Convertible Note issuance, shares		200,000
Issuance of common shares – for Conversion of 2021 Convertible Notes		$ 14,326					14,326
Issuance of common shares for Conversion of 2021 Convertible Notes, shares		9,649,626
Issuance of common shares - for Settlement of Account Payable		$ 48					48
Issuance of common shares - for Settlement of Account Payable, shares		27,166
Share based compensation		$ 1,948					1,948
Share based compensation shares		77,182
Changes in currency translation adjustment						(529)	(529)
Net loss					(39,137)		(39,137)
Ending balance, value at Jun. 30, 2022		$ 114,888			(147,004)	(1,150)	(33,266)
Ending balance, Shares at Jun. 30, 2022		26,393,183	14,225,898
Beginning balance, value at Mar. 31, 2022		$ 105,180			(127,263)	(944)	(23,027)
Beginning balance, Shares at Mar. 31, 2022		18,699,956	14,225,898
Issuance of Warrants - in conjunction with Convertible Notes issuance		$ 603					603
Issuance of common shares – Commitment shares for Convertible Notes issuance		$ 399					399
Issuance of common shares - Commitment shares for Convertible Notes issuance, shares		150,000
Issuance of common shares – to legal advisors for Convertible Note issuance		$ 296					296
Issuance of common shares - to legal advisors for Convertible Note issuance, shares		200,000
Issuance of common shares – for Conversion of 2021 Convertible Notes		$ 7,516					7,516
Issuance of common shares for Conversion of 2021 Convertible Notes, shares		7,242,626
Issuance of common shares - for Settlement of Account Payable		$ 117					117
Issuance of common shares - for Settlement of Account Payable, shares		79,353
Share based compensation		$ 776					776
Share based compensation shares		21,248
Changes in currency translation adjustment						(206)	(206)
Net loss					(19,740)		(19,740)
Ending balance, value at Jun. 30, 2022		$ 114,888			$ (147,004)	$ (1,150)	$ (33,266)
Ending balance, Shares at Jun. 30, 2022		26,393,183	14,225,898

Share based compensation expenses (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Cost of revenue	$ 10,267	$ 6,073	$ 21,606	$ 10,577
Research and development	638	588	1,382	1,164
Sales and marketing	3,415	1,275	6,013	2,408
General and administrative	6,436	2,638	13,115	6,592
Total Share based compensation expenses, net			2,252	2,131
Equity Incentive Plan [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Cost of revenue	2	5	12	17
Research and development	34	71	98	307
Sales and marketing	161	47	343	214
General and administrative	804	423	1,799	1,593
Total Share based compensation expenses, net	1,001	546	2,252	2,131
Of which related to shares to consultants not issued and adjustments for shares price at issuance	$ 224		$ 304

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

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 10
-Section S99
-Paragraph 1B
-Subparagraph (SX 210.13-02(a)(5))
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Reference 2: http://www.xbrl.org/2003/role/disclosureRef
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-Name Accounting Standards Codification
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Contract assets – Media rights

Segment and geographic information (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Indefinite-Lived Intangible Assets [Line Items]
Total segment revenue	$ 4,358	$ 2,982	$ 7,670	$ 3,997
Total Cost of revenues	(10,267)	(6,073)	(21,606)	(10,577)
General and administrative	(6,436)	(2,638)	(13,115)	(6,592)
Sales and marketing	(3,415)	(1,275)	(6,013)	(2,408)
Research and development	(638)	(588)	(1,382)	(1,164)
Loss from operations	(16,398)	(7,592)	(34,447)	(16,744)
Mobility [Member]
Indefinite-Lived Intangible Assets [Line Items]
Total segment revenue	2,716	2,982	4,293	3,997
Total Cost of revenues	(5,019)	(6,073)	(9,657)	(10,577)
Live [Member]
Indefinite-Lived Intangible Assets [Line Items]
Total segment revenue	1,489		3,145
Total Cost of revenues	(4,675)		(10,950)
All Other [Member]
Indefinite-Lived Intangible Assets [Line Items]
Total segment revenue	153		232
Total Cost of revenues	$ (574)		$ (999)

Contract assets – Media rights

6 Months Ended

Jun. 30, 2022

Debt Disclosure [Abstract]

5. Contract assets – Media rights

The table below shows the Contract assets roll-forward from January 1, 2022, to June 30, 2022. During the period January 1, 2021 – June 30, 2021, the Company did not perform any media activities.

Contract assets roll forward
Contract assets	January 1, 2022		Additions		Q1 2022 COGS			FX Rate adj.			March 31, 2022		Additions		Q2 2022 COGS			FX Rate adj.			June 30, 2022

Media		2,758		2,835		(4,510	)		(50	)		1,033		4,427		(3,586	)		(69	)		1,806
Total	$	2,758	$	2,835	$	(4,510	)	$	(50	)	$	1,033	$	4,427	$	(3,586	)	$	(69	)	$	1,806

The entire disclosure for information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants.

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