v3.26.1
Condensed Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Cash flows from operating activities:    
Net loss $ (6,432) $ (5,315)
Adjustments to reconcile net loss to net cash used in operating activities:    
Stock-based compensation expense 887 633
Non-cash lease expense 57 42
Change in fair value of common warrants classified as a liability (254) (234)
Depreciation expenses 6 2
Loss on disposition of assets 2 0
Changes in operating assets and liabilities:    
Accounts receivable (341) (320)
Inventory (194) 0
Prepaid expenses 9 (102)
Other current assets 64 15
Other non current assets (200) 0
Accounts payable 48 85
Accrued expenses (228) (489)
Net cash used in operating activities (6,576) (5,683)
Cash flows from investing activities:    
Purchase of property and equipment (71) (2)
Net cash used in investing activities (71) (2)
Cash flows from financing activities    
Proceeds from common stock and pre-funded common stock warrants 10,000 12,102
Issuance cost of common stock upon private placement (898) (1,299)
Proceeds from exercise of common warrants 0 25
Proceeds from exercise of stock options 0 17
Net cash provided by financing activities 9,102 10,845
Net increase in cash and cash equivalents 2,455 5,160
Cash and cash equivalents:    
Beginning of period 7,024 7,154
End of period 9,479 12,314
Supplemental disclosure of cash flow information:    
Cash paid for income taxes 1 2
Cash paid for interest 6 7
Supplemental disclosure of non-cash investing activities    
Purchase of property and equipment 19 0
Right-of-use assets obtained in exchange for modified operating lease obligations, net $ 235 $ 0

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