Annual report [Section 13 and 15(d), not S-K Item 405]

Consolidated Statements of Cash Flows

v3.26.1
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Cash flows from operating activities:    
Net loss $ (8,831) $ (17,504)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization expense 72 126
Right of use assets 304 320
Stock-based compensation 270 643
Change in operating lease liabilities (301) (210)
Changes in operating assets and liabilities:    
Tax credit receivable 509 (325)
Prepaid expenses and other current assets 102 1,343
Deposits (66) 17
Accounts payable and accrued expenses (251) (895)
Net cash used in operating activities (8,192) (16,485)
Investing activities:    
Purchases of property and equipment (12) (8)
Net cash used in investing activities (12) (8)
Financing activities:    
Proceeds from the sale of common stock under ATM 154
Proceeds from sale of common stock and warrants, net of transaction costs 5,215
Net cash provided by financing activities 5,369
Net decrease in cash and restricted cash (2,835) (16,493)
Cash and restricted cash at beginning of period 9,935 26,428
Cash and restricted cash at end of period 7,100 9,935
Non-cash investing and financing activities    
Initial recognition of right-of-use assets and lease liabilities $ 163