v3.26.1
Unaudited Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Cash flows from operating activities:    
Net income $ 681 $ 317
Adjustments to reconcile net income to net cash used in operating activities:    
Gain on disposal of property and equipment 0 (12)
Equity-based compensation expense 10 25
Change in fair value of warrant liability (1,872) (1,027)
Changes in operating assets and liabilities:    
Prepaid expenses and other current assets 273 271
Accounts payable and accrued expenses 345 (1,175)
Net cash used in operating activities (563) (1,601)
Cash flows from investing activities:    
Proceeds from the sale of property and equipment 0 12
Net cash provided by investing activities 0 12
Cash flows from financing activities:    
Net decrease in cash, cash equivalents and restricted cash (563) (1,589)
Cash, cash equivalents and restricted cash at beginning of period 14,718 18,910
Cash, cash equivalents and restricted cash at end of period $ 14,155 $ 17,321