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 $ (3,433) $ (2,747)
Adjustments to reconcile net loss to net cash used in operating activities:    
Stock- based compensation 276 108
Depreciation 2 2
Amortization of right-of-use asset   76
Inventory allowances   16
Provision for credit losses   5
Non-cash gain on lease termination   (17)
Changes in operating assets and liabilities:    
Accounts receivable 56 153
Inventory 36 (26)
Prepaid expenses and other current assets (113) 139
Accounts payable 109 (267)
Accrued expenses 353 (350)
Lease liabilities   (79)
Other Assets (2) 34
Net cash used in operating activities (2,716) (2,953)
Cash flows from investing activities    
Acquisition of property and equipment (3)  
Acquisition of licensed technology (543)  
Net cash used in investing activities (546)  
Cash flows from financing activities    
Proceeds from issuance of common stock, net of issuance costs 1,908 3,251
Proceeds from issuance of preferred stock and common stock warrants, net of issuance costs 585  
Proceeds from warrant exercises 109  
Offering costs in advance of sale of common stock (158)  
Net cash provided by financing activities 2,444 3,251
Net increase (decrease) in cash and cash equivalents (818) 298
Cash and cash equivalents    
Beginning of period 2,002 3,395
End of period 1,184 3,693
Supplemental disclosure on noncash investing and financing activities    
Issuance of common stock warrant 36 70
Issuance of common and preferred stock in exchange for license 1,700  
Issuance of common stock for equity line of credit commitment fee $ 94  
Write-off of ROU asset and lease liability   $ 290