Quarterly report [Sections 13 or 15(d)]

Condensed Consolidated Statements of Cash Flows (Unaudited)

v3.25.1
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
 3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Operating activities:    
Net loss $ (2,301,000) $ (3,956,000)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization expense 25,000 35,000
Stock-based compensation 82,000 157,000
Changes in operating assets and liabilities:    
Prepaid expenses and other current assets 45,000 201,000
Tax credit receivable (229,000) (113,000)
Deposits (57,000)
Decrease right of use assets 74,000 87,000
Accounts payable and accrued expenses (505,000) (883,000)
Decrease operating lease liabilities (73,000) (31,000)
Net cash used in operating activities (2,939,000) (4,503,000)
Investing activities:    
Purchases of property and equipment (8,000)
Net cash used in investing activities (8,000)
Net decrease in cash and restricted cash (2,939,000) (4,511,000)
Cash and restricted cash at beginning of period 9,935,000 26,428,000
Cash and restricted cash at end of period $ 6,996,000 $ 21,917,000