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 $ (17,152) $ (23,860)
Adjustments to reconcile net loss to net cash flows from operating activities:    
Stock-based compensation expense 968 1,342
Amortization of right to use lease asset 12 18
Non-cash interest expense 696 457
Change in fair value of derivative liabilities 1,121 760
Changes in operating assets and liabilities:    
Prepaid expenses and other assets 428 361
Accounts payable, accrued expenses and other liabilities (3,239) (1,380)
Accrued interest on convertible debt - related party 2,875 1,864
Net cash from operating activities (14,291) (20,438)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Net proceeds from exercise of common stock options and warrants 724 376
Net proceeds from issuance of common stock 1,218 0
Net proceeds from convertible line of credit – related party 11,000 20,000
Net cash flows from financing activities 12,942 20,376
NET DECREASE IN CASH AND CASH EQUIVALENTS (1,349) (62)
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD 15,120 25,660
CASH AND CASH EQUIVALENTS, END OF PERIOD 13,771 25,598
NONCASH FINANCING ACTIVITIES:    
Payment of preferred stock dividends in common stock 62 72
Noncash right to use lease asset 61 0
Common stock purchase warrants issued in connection with related party line of credit $ 235 $ 537