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
 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Cash flows from operating activities:    
Net loss $ (3,247) $ (6,901)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 30
Net loss/(gain) on disposal of assets 138 (110)
Stock-based compensation expense 217 553
Change in operating lease right-of-use assets 77 218
Change in finance lease right-of-use assets 1 2
Gain on the termination of an operating lease (368)
Change in fair value of warrant liability 3,161
Changes in operating assets and liabilities:    
Operating lease liabilities (530) (363)
Prepaid expenses and other current assets (306) 319
Accounts payable 529 71
Accrued expenses and other liabilities 52 (1,008)
Net cash used in operating activities (3,437) (4,028)
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 3,300
Transaction costs paid pursuant to private placement (29)
Payments of finance lease liability – principal (1) (2)
Net cash (used in) provided by financing activities (1) 3,269
Net decrease in cash, cash equivalents and restricted cash (3,438) (759)
Cash, cash equivalents and restricted cash at beginning of period 4,249 7,534
Cash, cash equivalents and restricted cash at end of period 811 6,775
Supplemental non-cash financing and investing activities:    
Sale of assets 320
Reclassification of warrants from liability to equity $ 6,103