v3.25.2
Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 7,285 $ 12,155
Accounts receivable 0 64
Inventory 79 68
Prepaid expenses and other current assets 4,621 3,870
Total current assets 11,985 16,157
Restricted cash 58 58
Operating lease right-of-use assets 3,373 3,643
Property and equipment, net 6,709 7,479
TOTAL ASSETS 22,125 27,337
Current liabilities:    
Accounts payable 828 1,240
Accrued liabilities 5,359 7,766
Operating lease obligations, current portion 1,013 926
Notes payable, current portion 374 359
Total current liabilities 7,574 10,291
Operating lease obligations, net of current portion 3,706 4,132
Notes payable, net of current portion 4,619 4,610
Convertible notes payable 11,134 10,816
TOTAL LIABILITIES 30,675 36,194
Commitments and contingencies (Note 9)
Stockholders’ deficit:    
Common stock, $0.0001 par value: 600,000,000 shares authorized; 9,462,071 and 8,089,565 shares issued and outstanding at June 30, 2025 and December 31, 2024, respectively 1 1
Additional paid-in capital 281,593 273,194
Accumulated deficit (290,293) (282,123)
Accumulated other comprehensive income 149 71
TOTAL STOCKHOLDERS’ DEFICIT (8,550) (8,857)
TOTAL LIABILITIES AND STOCKHOLDERS’ DEFICIT 22,125 27,337
Common Stock Warrant Liability [Member]    
Current liabilities:    
Derivative liabilities 2,546 4,541
Derivatives Other Than Common Stock Warrants Liabilities [Member]    
Current liabilities:    
Derivative liabilities $ 1,096 $ 1,804