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 ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Cash flows from operating activities:    
Net loss $ (695) $ (1,858)
Reconciliation of net loss to net cash used in operating activities:    
Share-based compensation 61 185
Change in fair value of warrant liabilities (1) (15)
Common Stock, Issued to Fortress, Value 0 55
Changes in operating assets and liabilities:    
Prepaid expenses and other current assets 25 (14)
Net cash used in operating activities (438) (1,186)
Cash flows from financing activities:    
Proceeds from ATM sales of common stock, net of issuance costs 0 2,094
Net cash provided by financing activities 0 2,094
Net change in cash and cash equivalents (438) 908
Cash and cash equivalents, beginning of period 2,855 2,594
Cash and cash equivalents, end of period 2,417 3,502
Supplemental cash flow information:    
Issuance of common shares - Founders Agreement and equity fee to Fortress 76 55
Nonrelated Party [Member]    
Changes in operating assets and liabilities:    
Accounts payable and accrued expenses 47 349
Related Party [Member]    
Changes in operating assets and liabilities:    
Accounts payable and accrued expenses $ 125 $ 112