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 ($)
3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Operating activities:    
Net loss $ (2,299,000) $ (2,301,000)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization expense 12,000 25,000
Stock-based compensation 84,000 82,000
Decrease right of use assets 79,000 74,000
Changes in operating assets and liabilities:    
Grant receivable (70,000)
Prepaid expenses and other current assets (90,000) 45,000
Tax credit receivable 15,000 (229,000)
Deposits (57,000)
Accounts payable and accrued expenses 10,000 (505,000)
Operating lease liabilities (81,000) (73,000)
Net cash used in operating activities (2,340,000) (2,939,000)
Net decrease in cash and restricted cash (2,340,000) (2,939,000)
Cash and restricted cash at beginning of period 7,100,000 9,935,000
Cash and restricted cash at end of period $ 4,760,000 $ 6,996,000