Quarterly report [Sections 13 or 15(d)]

Consolidated Statements of Cash Flows (Unaudited)

v3.26.1
Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Cash flows from operating activities:    
Net loss $ (1,385) $ (1,529)
Reconciliation of net loss to net cash used in operating activities:    
Share-based compensation 122 360
Change in fair value of warrant liabilities (1) (16)
Issuance of common stock to Fortress 0 55
Gain on repurchase of common stock held by AnnJi 0 (4)
Changes in operating assets and liabilities:    
Prepaid expenses and other current assets 42 43
Receivable per license termination and transfer agreement 0 (800)
Net cash used in operating activities (913) (1,362)
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 (913) 732
Cash and cash equivalents, beginning of period 2,855 2,594
Cash and cash equivalents, end of period 1,942 3,326
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 57 298
Related Party [Member]    
Changes in operating assets and liabilities:    
Accounts payable and accrued expenses $ 252 $ 231