Quarterly report [Sections 13 or 15(d)]

Condensed Consolidated Statements of Cash Flow (Unaudited)

v3.25.1
Condensed Consolidated Statements of Cash Flow (Unaudited) - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Cash flows from operating activities:    
Net loss $ (1,656) $ (5,824)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 18 94
Stock based compensation expense 315 995
Amortization of operating lease right-of-use assets 109 145
Amortization of finance lease right-of-use assets 1 1
Amortization of bond discount 18
Change in fair value of warrant liability (294)
Changes in operating assets and liabilities:    
Operating lease liabilities (179) (154)
Prepaid expenses and other current assets 119 (393)
Accounts payable 187 (41)
Accrued expenses and other liabilities (627) (610)
Net cash used in operating activities (2,007) (5,769)
Cash flows from investing activities:    
Proceeds from maturities of marketable debt securities 2,000
Net cash provided by investing activities 2,000
Cash flows from financing activities:    
Gross proceeds from private placement of preferred stock and common stock warrants 1,650
Transaction costs paid pursuant to private placement (2)
Net proceeds from public offering of common stock 54
Payments of finance lease liability – principal (1) (1)
Net cash provided by financing activities 1,647 53
Net decrease in cash, cash equivalents and restricted cash (360) (3,716)
Cash, cash equivalents and restricted cash at beginning of period 7,534 5,037
Cash, cash equivalents and restricted cash at end of period 7,174 1,321
Supplemental non-cash financing and investing activities:    
Fair value at issuance of liability classified warrants 1,627
Unrealized gain on marketable debt securities $ 87