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
 3 Months Ended 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
Cash flows from operating activities:        
Net loss $ (692) $ (3,087) $ (2,221) $ (10,137)
Reconciliation of net loss to net cash used in operating activities:        
Share based compensation     523 714
Loss on settlement of common stock warrant liabilities (0) (0) (0) 759
Change in fair value of warrant liabilities 2 (18) (14) (157)
Common Stock, Issued to Fortress, Value     55 543
Issuance of Stock Under Founders Agreement     0 (357)
Gain on repurchase of common stock held by AnnJi     (4) 0
Changes in operating assets and liabilities:        
Prepaid expenses and other current assets     62 39
Net cash used in operating activities     (979) (8,262)
Cash flows from financing activities:        
Proceeds from ATM sales of common stock, net of issuance costs     2,094 862
Exercise of warrants     0 9,421
Warrant transaction costs     0 (1,207)
Net cash provided by financing activities     2,094 9,076
Net change in cash and cash equivalents     1,115 814
Cash and cash equivalents, beginning of period     2,594 1,783
Cash and cash equivalents, end of period $ 3,709 $ 2,597 3,709 2,597
Supplemental cash flow information:        
Issuance of common shares - Founders Agreement     55 543
Nonrelated Party [Member]        
Changes in operating assets and liabilities:        
Accounts payable and accrued expenses     225 140
Related Party [Member]        
Changes in operating assets and liabilities:        
Accounts payable and accrued expenses     $ 395 $ 194