Quarterly report [Sections 13 or 15(d)]

Condensed Consolidated Statements of Cash Flows (Unaudited)

v3.26.1
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Cash flows from operating activities:    
Net loss $ (1,921) $ (1,656)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 18
Stock based compensation expense 113 315
Amortization of operating lease right-of-use assets 74 109
Amortization of finance lease right-of-use assets 1
Change in fair value of warrant liability (294)
Changes in operating assets and liabilities:    
Operating lease liabilities (165) (179)
Prepaid expenses and other current assets (341) 119
Accounts payable 397 187
Accrued expenses and other liabilities 242 (627)
Net cash used in operating activities (1,601) (2,007)
Cash flows from investing activities:    
Net cash provided by (used in) investing activities
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)
Payments of finance lease liability – principal (1)
Net cash provided by financing activities 1,647
Net decrease in cash, cash equivalents and restricted cash (1,601) (360)
Cash, cash equivalents and restricted cash at beginning of period 4,249 7,534
Cash, cash equivalents and restricted cash at end of period 2,648 7,174
Supplemental non-cash financing and investing activities:    
Fair value at issuance of liability classified warrants $ 1,627