v3.25.1
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Operating activities    
Net loss $ (3,723) $ (2,292)
Adjustments to reconcile net loss to net cash used in operating activities:    
Gain on extinguishment of debt 0 (535)
Stock based compensation 86 630
Other adjustments 132 329
Changes in operating assets and liabilities:    
Accounts receivable (444) (82)
Prepaid expenses and other assets (182) (11)
Accounts payable and accrued expenses 663 (2,893)
Lease liability payments (89) (185)
Deferred revenue 222 (286)
Net cash used in operating activities from continued operations (3,335) (5,325)
Net cash used in operating activities from discontinued operations 0 (205)
Net cash used in operating activities (3,335) (5,530)
Investing activities    
Net cash provided by (used in) investing activities 0 0
Financing activities    
Proceeds from sales of common stock, net of issuance costs 80 23,204
Net cash provided by financing activities 80 23,204
Effect of exchange rate on cash 0 (41)
Net (decrease) increase in cash and cash equivalents (3,255) 17,633
Cash and cash equivalents at the beginning of the period 112,974 3,934
Cash and cash equivalents at the end of the period 109,719 21,567
Supplemental disclosure of cash flow information    
Interest paid 9 4
Income taxes paid 0 26
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