v3.25.2
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net (loss) income $ (10,460) $ (2,603)
Adjustments to reconcile net loss to net cash used in operating activities    
Depreciation and amortization 67 0
Interest and bank fees 30 0
Change in derivative fair value 156 0
I?mpairment of intangible assets 874 0
Other income (expenses) 12 0
Share-based compensation expense 2,594 295
Shares and warrants issued for consulting services 127 0
Changes in operating assets and liabilities:    
Change in accounts receivable, net (37) (65)
Change in prepaid expenses and deposits (73) 30
Change in accrued liabilities (341) 1,047
Change in deferred revenue 13 (909)
Net cash used in operating activities (6,155) (2,172)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Payments to acquire equipment (148) 0
Outflow from recapitalization transaction (62) 0
Product enhancements – intangible asset (267) (386)
Net cash used in investing activities (477) (386)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from issuance of convertible promissory note, net of transaction costs 1,955 0
Proceeds from warrants exercises 36 0
Proceeds from sale of shares, net of issuance costs 4,308 4,643
Net cash provided by financing activities 6,299 4,643
INCREASE (DECREASE) IN CASH (333) 2,085
BALANCE OF CASH AT THE BEGINNING OF PERIOD 2,143 58
BALANCE OF CASH AT THE END OF PERIOD 1,810 2,143
Supplemental cash flow information    
Cash paid for interest 11 0
Cash paid for income taxes 0 0
Non-cash investing and financing activities    
Deemed issuance of shares to former shareholders’ of WaveDancer 204 0
Product enhancements - intangible asset in accounts payable and accrued liabilities 206
Conversion of Debt Into Common Stock [Member]    
Non-cash investing and financing activities    
Shares issued for debt 39 0
Shares Issued for Prepaid Services [Member]    
Non-cash investing and financing activities    
Shares issued for prepaid services 2,440 0
Nonrelated Party [Member]    
Changes in operating assets and liabilities:    
Change in accounts payable 883 35
Related Party [Member]    
Changes in operating assets and liabilities:    
Change in accounts payable $ 0 $ (2)