v3.26.1
Condensed Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Cash flows from operating activities    
Net loss $ (2,544) $ (5,052)
Adjustments to reconcile net loss to net cash flows used in operating activities:    
Stock-based compensation 467 4,451
Changes in assets and liabilities which provided (used) cash:    
Prepaid expenses and other current assets (395) (4)
Accounts payable 380 (17)
Due to related party 7
Accrued expenses – related party 22
Accrued expenses and other current liabilities (87)
Net cash flows used in operating activities (2,063) (709)
Cash flows from financing activities    
Proceeds from issuance of common stock 250
Net cash flows provided by financing activities 250
Net decrease in cash and cash equivalents (2,063) (459)
Cash and cash equivalents, beginning 5,143 4,621
Cash and cash equivalents, ending $ 3,080 $ 4,162