v3.25.2
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss $ (9,503) $ (6,895)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 1,060 1,048
Stock-based compensation 189 19
Change in fair value of royalties payable due to related parties 2,830 1,590
Change in fair value of trading debt securities (10) 0
Deferred income tax benefit (1,674) 0
Acquired in-process research and development 1,967 0
Amortization of discount on note payable issued in connection with an asset acquisition 10 0
Changes in operating assets and liabilities:    
Accounts receivable (45) 32
Inventories (25) (19)
Prepaid expenses and other current assets 145 211
Operating lease right-of-use assets and lease liabilities (4) 0
Current portion of royalties payable due to related parties 14 7
Accounts payable 361 363
Accrued expenses (15) 1
Net cash used in operating activities (4,601) (3,639)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchases of acquired in-process research and development (6) 0
Purchases of property and equipment (17) (67)
Net cash used in investing activities (23) (67)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from issuance of common stock under ATM, net of issuance costs 1,570 0
Proceeds from notes payable due to related parties 0 650
Payments on notes payable (151) (184)
Payments on deferred financing costs 0 (309)
Net cash provided by financing activities 2,589 157
NET CHANGE IN CASH AND CASH EQUIVALENTS (2,035) (3,549)
CASH AND CASH EQUIVALENTS, beginning of period 2,873 3,565
CASH AND CASH EQUIVALENTS, end of period 838 16
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION    
Cash paid for interest 6 4
SUPPLEMENTAL SCHEDULE OF NONCASH FINANCING AND INVESTING ACTIVITIES    
Property and equipment reclassified from inventories 10 0
Note payable of variable interest entities issued in connection with an asset acquisition 1,246 0
Fair value of common stock issued in connection with asset acquisitions 393 0
Consideration for asset acquisition included in accounts payable 213 0
Operating right-of-use asset obtained in exchange for new operating lease liabilities 118 0
Noncontrolling Interest [Member]    
SUPPLEMENTAL SCHEDULE OF NONCASH FINANCING AND INVESTING ACTIVITIES    
Assets acquired in noncash transactions 109 0
Series B Convertible Preferred Stock [Member]    
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from issuance of Series B Convertible Preferred Stock and other equity-classified warrants, net of issuance costs 1,170 0
SUPPLEMENTAL SCHEDULE OF NONCASH FINANCING AND INVESTING ACTIVITIES    
Assets acquired in noncash transactions 864 0
Variable Interest Entity, Not Primary Beneficiary [Member]    
Changes in operating assets and liabilities:    
Interest payable 9 0
Related Party [Member]    
Changes in operating assets and liabilities:    
Interest payable $ 90 $ 4