Quarterly report [Sections 13 or 15(d)]

Condensed Consolidated Statements of Cash Flows (Unaudited)

v3.25.3
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Operating activities:    
Net loss $ (6,405) $ (14,238)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization expense 59 98
Right of use assets 226 247
Stock-based compensation 214 558
Operating lease liabilities (223) (142)
Changes in operating assets and liabilities:    
Prepaid expenses and other current assets (96) 1,281
Tax credit receivable 702 238
Accounts payable and accrued expenses (933) (1,367)
Net cash used in operating activities (6,456) (13,325)
Investing activities:    
Purchases of property and equipment (12) (8)
Net cash used in investing activities (12) (8)
Financing activities:    
Proceeds from ATM sale of common stock, net of transaction costs 154
Proceeds from registered direct sale of common stock, net of transaction cost 4,183
Net cash provided by financing activities 4,337
Net decrease in cash and restricted cash (2,131) (13,333)
Cash and restricted cash at beginning of period 9,935 26,428
Cash and restricted cash at end of period 7,804 13,095
Non-cash investing and financing activities    
Initial recognition of right-of-use assets and lease liabilities $ 163