As of December 31,

2025

2024

Assets

Current assets:

Cash and cash equivalents

$

259

$

4,242

Short-term investments

4,304

—

Accounts receivable and other receivables, net of allowance for credit loss
   of $559 and $0 as of December 31, 2025 and 2024, respectively

425

1,175

Inventories

1,212

904

Note receivable — current, net of allowance for credit losses (Note 8)

—

1,894

Prepaid expenses and other current assets

156

931

Current assets of discontinued operations — GoodWheat

—

96

Total current assets

6,356

9,242

Property and equipment, net

8

41

Right of use assets

—

137

Intangible assets, net

39

39

Note receivable — noncurrent, net of allowance for credit losses (Note 8)

—

3,966

Other noncurrent assets

143

92

Total assets

$

6,546

$

13,517

Liabilities and stockholders’ equity

Current liabilities:

Accounts payable and accrued expenses

$

1,789

$

2,108

Amounts due to related parties

—

30

Operating lease liability — current

—

155

Other current liabilities

270

270

Total current liabilities

2,059

2,563

Common stock warrant and option liabilities

347

2,731

Other noncurrent liabilities

—

2,000

Total liabilities

2,406

7,294

Commitments and contingencies (Note 14)

Stockholders’ equity:

Common stock, $0.001 par value—150,000,000 shares authorized as of
   December 31, 2025 and December 31, 2024; 1,373,120 and 1,364,940 shares
   issued and outstanding as of December 31, 2025 and December 31, 2024,
   respectively.

65

65

Additional paid-in capital

285,292

285,036

Accumulated deficit

(281,217

)

(278,878

)

Total stockholders' equity

4,140

6,223

Total liabilities and stockholders’ equity

$

6,546

$

13,517

Year Ended December 31,

2025

2024

Revenues:

Product

$

4,858

$

5,012

License

—

7

Royalty

—

26

Total revenues

4,858

5,045

Operating expenses (income):

Cost of revenues

3,098

2,963

Research and development

9

53

Gain on sale of intangible assets

(750

)

(4,000

)

Impairment of property and equipment

—

36

Change in fair value of contingent consideration

(2,000

)

—

Selling, general and administrative

7,001

9,641

Total operating expenses

7,358

8,693

Loss from operations

(2,500

)

(3,648

)

Interest income

221

782

Credit loss

(4,745

)

—

Other income, net

2,309

31

Change in fair value of common stock warrant and option liabilities

2,384

(1,474

)

Net loss from continuing operations before income taxes

(2,331

)

(4,309

)

Income tax expense

(8

)

(8

)

Net loss from continuing operations

(2,339

)

(4,317

)

Net loss from discontinued operations — GoodWheat

—

(2,721

)

Net loss attributable to common stockholders

$

(2,339

)

$

(7,038

)

Net loss per share attributable to common stockholders:

Basic and diluted from continuing operations

$

(1.71

)

$

(3.17

)

Basic and diluted from discontinued operations

$

—

$

(2.00

)

Net loss per basic and diluted share attributable to common stockholders

$

(1.71

)

$

(5.17

)

Weighted-average number of shares used in per share calculations:

Basic and diluted

1,368,057

1,363,303

Other comprehensive income, net of tax

Unrealized gains on available-for-sale securities

$

—

$

127

Reclassification adjustment for gains on available-for-sale securities included in net loss

$

—

$

(228

)

Change in unrealized gains on available-for-sale securities

$

—

$

(101

)

Comprehensive loss

$

(2,339

)

$

(7,139

)

Year Ended December 31,

2025

2024

CASH FLOWS FROM OPERATING ACTIVITIES:

Net loss

$

(2,339

)

$

(7,038

)

Adjustments to reconcile net loss to cash used in operating activities:

Change in fair value of common stock warrant and option liabilities

(2,384

)

1,474

Change in fair value of contingent consideration

(2,000

)

—

Depreciation

32

113

Lease amortization

122

652

Amortization of note receivable discount

(69

)

(157

)

Gain on disposal of property and equipment

—

(65

)

Gain on sale of intangible assets

(750

)

(4,000

)

Gain on receipt of Above Food Ingredients, Inc. common stock

(1,067

)

—

Unrealized gain subsequent to receipt of Above Food Ingredients, Inc. common stock

(1,237

)

—

Stock-based compensation

234

512

Credit loss

4,745

—

Write-down of inventories

—

154

Impairment of property and equipment

—

36

Write-down of non-controlling interest

—

138

Changes in operating assets and liabilities:

Accounts receivable and other receivables

165

(762

)

Inventories

(308

)

550

Prepaid expenses and other current assets

775

(124

)

Other noncurrent assets

(50

)

72

Accounts payable and accrued expenses

(399

)

(303

)

Amounts due to related parties

(30

)

(29

)

Other current liabilities

(57

)

—

Operating lease payments

(122

)

(850

)

Net cash used in operating activities

(4,739

)

(9,627

)

CASH FLOWS FROM INVESTING ACTIVITIES:

Proceeds from sale of property and equipment

—

334

Proceeds from sale of investments

—

5,024

Proceeds from sale of intangible assets

750

4,000

Cash paid related to sale of GoodWheat

—

(2,000

)

Purchases of property and equipment

—

(16

)

Net cash provided by investing activities

750

7,342

CASH FLOWS FROM FINANCING ACTIVITIES:

Proceeds from ESPP purchases

6

9

Net cash provided by financing activities

6

9

Net decrease in cash and cash equivalents

(3,983

)

(2,276

)

Cash and cash equivalents — beginning of period

4,242

6,518

Cash and cash equivalents — end of period

$

259

$

4,242