v3.25.2
Condensed Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Cash flows from operating activities:    
Net loss $ (5,315) $ (3,465)
Adjustments to reconcile net loss to net cash used in operating activities:    
Stock-based compensation expense 633 667
Noncash lease expense 42
Depreciation expense 2
Change in fair value of common warrants classified as a liability (234) (1,870)
Changes in operating assets and liabilities:    
Accounts receivable (320)
Prepaid expenses (102) (19)
Other current assets 15 (51)
Deferred offering costs 101
Accounts payable 85 (123)
Accrued expenses (489) 259
Net cash used in operating activities (5,683) (4,501)
Cash flows from investing activities:    
Purchase of property and equipment (2)
Net cash used in investing activities (2)
Cash flows from financing activities:    
Proceeds from equity financing, net of issuance cost 10,803 15,016
Proceeds from exercise of common warrants 25
Proceeds from exercise of stock options 17 54
Net cash provided by financing activities 10,845 15,070
Net increase in cash and cash equivalents 5,160 10,569
Beginning of period 7,154 1,173
End of period 12,314 11,742
Supplemental Disclosure of Cash Flow Activities:    
Cash paid for income tax 2
Cash paid for interest 7
Supplemental Disclosure of Noncash Financing Activities:    
Fair value of common warrant classified as a liability $ 1,421

Source