v3.26.1
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2026
Mar. 30, 2026
Mar. 31, 2025
Cash flows from operating activities      
Net loss $ (6,202)   $ (1,502)
Income (loss) from discontinued operations 23   (129)
Net loss from continuing operations (6,225) $ (6,225) (1,373)
Adjustments to reconcile net loss to net cash used in operating activities:      
Stock-based compensation 208   100
Depreciation 4   1
Amortization of debt discount and debt issuance costs 445   0
Non-cash interest expense 203   0
Change in fair value of derivative liability (33) (33) 0
Amortization of right-of-use asset 177   0
Changes in operating assets and liabilities:      
Prepaid expenses and other current assets (341)   (24)
Inventory (750)   0
Other assets (86)   (2)
Accounts payable 365   313
Accrued expenses 1,114   156
Lease liabilities (128)   0
Net cash used in operating activities - continuing operations (5,047)   (829)
Net cash provided by (used in) operating activities - discontinued operations 36   (60)
Net cash used in operating activities (5,011)   (889)
Cash flows from investing activities      
Acquisition of property and equipment (7)   0
Acquisition of licensed technology 0   (526)
Net cash used in investing activities (7)   (526)
Cash flows from financing activities      
Proceeds from warrant exercises 0   109
Offering costs in advance of sale of common stock (44)   (27)
Net cash (used in) provided by financing activities (44)   82
Net decrease in cash and cash equivalents (5,062)   (1,333)
Beginning of period 12,645 $ 12,645 2,002
End of period 7,583   669
Less: Cash and cash equivalents included in discontinued operations 0   0
Cash and cash equivalents included in continuing operations 7,583   669
Cash and cash equivalents 7,215   669
Restricted cash 368   0
Total cash and cash equivalents included in continuing operations 7,583   669
Supplemental disclosure on non-cash investing and financing activities      
Dividends declared 235   0
Lease liabilities arising from right-of-use assets 10,264   0
Restricted Stock Units (RSUs) [Member]      
Supplemental disclosure on non-cash investing and financing activities      
Issuance of equity 0   0
Issuance of equity 0   0
Issuance of Stock in Exchange for License [Member]      
Supplemental disclosure on non-cash investing and financing activities      
Issuance of equity 0   1,700
Issuance of equity 0   1,700
Issuance of Stock for Equity Line of Credit [Member]      
Supplemental disclosure on non-cash investing and financing activities      
Issuance of equity 375   94
Issuance of equity $ 375   $ 94