v3.26.1
Unaudited Condensed Statements of Cash Flows - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Cash flows from operating activities    
Net Income (Loss) $ (6,344) $ (15,334)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 120 183
Change in fair value of warrant liability (2,674) (1,880)
Change in fair value of PPAs (273) 0
Stock-based compensation 956 1,645
Changes in operating assets and liabilities:    
Prepaid expenses and other assets (237) (2,988)
Accounts payable and accrued expenses 3,069 2,114
Right-of-use assets and lease liabilities, net 116 (28)
Net cash used in operating activities (5,267) (16,288)
Cash flows from financing activities    
Proceeds from issuance of common stock under SEPA 413 0
Payment of financing costs related to issuance of common stock, PPAs and SEPA (289) (366)
Payments for taxes related to net settlement of equity awards (14) (29)
Net cash provided by (used in) financing activities 110 (395)
Net decrease in cash and cash equivalents (5,157) (16,683)
Cash and cash equivalents, beginning of period 7,118 49,046
Cash and cash equivalents, end of period 1,961 32,363
Supplemental disclosure of non-cash investing and financing activities    
Fair value of common stock issued in satisfaction of PPAs liability 3,870 0
Accrued severance included in accounts payable and accrued expenses 0 556
Unpaid deferred financing costs $ 0 $ 79