v3.25.2
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Cash flows from operating activities    
Net Loss $ (20,739,000) $ (22,518,000)
Adjustments to reconcile net loss to cash used in operating activities:    
Depreciation and amortization 200,000 198,000
Stock-based compensation 2,601,000 3,701,000
Decrease in the carrying amount of right-of-use-assets 1,478,000 1,513,000
Gain on sale of property and equipment 0 1,000
Amortization of debt issuance costs 18,000 18,000
Accretion of final payment on term loans 65,000 65,000
Changes in operating assets and liabilities:    
Account receivable 413,000 (149,000)
Prepaid expenses and other current assets (1,545,000) (782,000)
Deposits 458,000 0
Foreign withholding tax receivable (1,899,000) 0
Other payable 189,000 0
Accounts payable 804,000 405,000
Accrued expenses (1,390,000) 426,000
Research and development contract liability 9,494,000 (1,136,000)
Operating lease liability (1,550,000) (1,516,000)
Other assets (184,000) 0
Net cash used in operating activities (11,587,000) (19,774,000)
Cash flows from investing activities    
Purchases of property and equipment (177,000) (65,000)
Net cash used in investing activities (177,000) (65,000)
Cash flows from financing activities    
Proceeds from ATM offering, net of sales agent commissions and fees 752,000 3,354,000
Proceeds from issuance of common stock, warrants and pre-funded warrants, net of transaction costs 18,046,000 0
Repayment of term loans (2,000,000) (2,000,000)
Net cash provided by financing activities 16,798,000 1,354,000
Net increase (decrease) in cash, cash equivalents, and restricted cash 5,034,000 (18,485,000)
Cash, cash equivalents, and restricted cash at beginning of period 22,611,000 48,665,000
Cash, cash equivalents, and restricted cash at end of period 27,645,000 30,180,000
Supplemental disclosures of non-cash investing and financing activities:    
Cash paid for interest 157,000 392,000
Lease liabilities arising from obtaining right-of-use assets $ 2,226,000 $ 0