v3.26.1
CONSOLIDATED STATEMENTS OF CASH FLOWS (unaudited) - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Cash flows from operating activities:    
Net loss $ (9,243) $ (4,711)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation of property and equipment 16 19
Non-cash lease expense 73 73
Stock-based compensation expense 2,299 845
Value of shares issued to consultants 730 0
Unrealized foreign exchange loss 13 20
Change in fair value of warrant derivative 0 (230)
Changes in operating assets and liabilities:    
Other receivables (388) (15)
Prepaid expenses (155) 7
Accounts payable (813) 112
Accrued liabilities 249 (780)
Operating lease liabilities (74) (73)
Net cash used in operating activities (7,293) (4,733)
Cash flows from investing activities:    
Acquisition of property and equipment (6) (1)
Net cash used in investing activities (6) (1)
Cash flows from financing activities:    
Proceeds from at-the-market offering agreements, net of issuance costs 7,614 4,183
Net cash provided by financing activities 7,614 4,183
Effect of exchange rate changes on cash and cash equivalents (24) 117
Net increase (decrease) in cash and cash equivalents 291 (434)
Cash and cash equivalents, beginning of period 5,202 11,079
Cash and cash equivalents, end of period $ 5,493 $ 10,645