v3.26.1
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Operating activities:    
Net loss $ (494) $ (511)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation 3 7
Amortization of right of use lease asset 7 10
Realized and unrealized gain on marketable equity securities (2) (385)
Realized and unrealized loss on derivative instruments 0 206
Stock-based compensation expense 67 126
Changes in operating assets and liabilities:    
Prepaid expenses and other current assets (110) 0
Accounts payable and other current liabilities 56 (51)
Net cash used in operating activities (473) (598)
Investing activities:    
(Purchase) sale of short-term investments, net (702) 550
Cash from the sale of marketable equity securities 59 0
Net cash (used) provided by investing activities (643) 550
Financing activities:    
Issuance of common stock - net of issuing costs 1,201 0
Issuance of common stock upon exercise of stock options 0 156
Net cash provided by financing activities 1,201 156
Net increase in cash, cash equivalents and restricted cash 85 108
Cash, cash equivalents and restricted cash, beginning of period 312 311
Cash, cash equivalents and restricted cash, end of period $ 397 $ 419