Quarterly report [Sections 13 or 15(d)]

Unaudited Consolidated Statements of Cash Flows

v3.26.3
Unaudited Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 3 Months Ended 9 Months Ended
Sep. 30, 2026
Sep. 30, 2025
Sep. 30, 2026
Sep. 30, 2025
Cash flows from operating activities:        
Net loss $ (691) $ (692) $ (2,076) $ (2,221)
Reconciliation of net loss to net cash used in operating activities:        
Share-based compensation     169 523
Change in fair value of warrant liabilities (0) 2 (1) (14)
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     66 62
Net cash used in operating activities     (1,335) (979)
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     (1,335) 1,115
Cash and cash equivalents, beginning of period     2,855 2,594
Cash and cash equivalents, end of period $ 1,520 $ 3,709 1,520 3,709
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     131 225
Related Party [Member]        
Changes in operating assets and liabilities:        
Accounts payable and accrued expenses     $ 376 $ 395