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 ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Cash flows from operating activities:    
Net loss $ (1,858) $ (4,349)
Reconciliation of net loss to net cash used in operating activities:    
Share based compensation 185 191
Loss on settlement of common stock warrant liabilities (0) 574
Change in fair value of warrant liabilities (15) 116
Common Stock, Issued to Fortress, Value 55 371
Issuance of Stock Under Founders Agreement 0 (363)
Changes in operating assets and liabilities:    
Prepaid expenses and other current assets (14) (49)
Net cash used in operating activities (1,186) (3,120)
Cash flows from financing activities:    
Proceeds from ATM sales of common stock, net of issuance costs 2,094 0
Exercise of warrants 0 4,973
Warrant transaction costs 0 (442)
Net cash provided by financing activities 2,094 4,531
Net change in cash and cash equivalents 908 1,411
Cash and cash equivalents, beginning of period 2,594 1,783
Cash and cash equivalents, end of period 3,502 3,194
Supplemental cash flow information:    
Issuance of common shares - Founders Agreement 55 371
Related Party [Member]    
Changes in operating assets and liabilities:    
Accounts payable and accrued expenses 349 360
Nonrelated Party [Member]    
Changes in operating assets and liabilities:    
Accounts payable and accrued expenses $ 112 $ 29