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
 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Operating activities    
Net loss $ (9,276) $ (7,683)
Adjustments to reconcile net loss to net cash used in operating activities:    
Gain on extinguishment of debt 0 (535)
Stock based compensation 338 1,532
Other adjustments 235 653
Changes in operating assets and liabilities:    
Accounts receivable (71) (561)
Prepaid expenses and other assets (177) (2,759)
Accounts payable and accrued expenses (573) (457)
Lease liability payments (268) (560)
Deferred revenue 521 (43)
Net cash used in operating activities from continued operations (9,271) (10,413)
Net cash used in operating activities from discontinued operations 0 (177)
Net cash used in operating activities (9,271) (10,590)
Investing activities    
Net cash for investing activities 0 0
Financing activities    
Proceeds from sales of common stock, net of issuance costs 80 42,193
Net cash provided by financing activities 80 42,193
Net (decrease) increase in cash and cash equivalents (9,191) 31,603
Cash and cash equivalents at the beginning of the period 112,974 3,934
Cash and cash equivalents at the end of the period 103,783 35,537
Supplemental disclosure of cash flow information    
Interest paid 23 22
Income taxes paid 23 40
Supplemental disclosures of non-cash financing activities:    
Issuance of common stock upon conversion of the 2022 Promissory Note 0 4,505
Issuance of common stock for payment of bonuses and consulting fees $ 0 $ 35