v3.26.1
Unaudited Condensed Consolidated Statements of Cash Flows - USD ($)
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Cash flows from operating activities:    
Net loss $ 7,616,000 $ 5,561,000
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 46,000 42,000
Amortization of right of use asset 90,000 87,000
Amortization of discount on debt issued 0 266,000
Derivative loss 0 1,729,000
Change in fair values of senior secured note and warrant liabilities (2,998,000) 0
Provision for excess and obsolete inventory 180,000 319,000
Stock-based compensation 165,000 141,000
Loss on settlement of debt 6,098,000 0
Changes in operating assets and liabilities:    
Accounts receivable 27,000 506,000
Inventories (321,000) (246,000)
Prepaid expenses and other assets (132,000) 28,000
Accounts payable 632,000 227,000
Accrued expenses and other liabilities 121,000 318,000
Operating lease obligation (92,000) (97,000)
Net cash used in operating activities (3,800,000) (2,241,000)
Cash flows from investing activities:    
Purchase of plant, property and equipment (26,000) 0
Net cash used in investing activities (26,000) 0
Cash flows from financing activities:    
Proceeds from loans from related parties 700,000 1,352,000
Payments to loans from related parties (866,000) 0
Issuance of convertible notes 0 (1,000,000)
Repayment of convertible notes (7,379,000) 0
Stock option exercise 42,000
Proceeds from issuance of Common Stock 0 500,000
Repayment of finance lease obligations (19,000) (18,000)
Net cash provided by financing activities (7,522,000) 2,834,000
Net increase (decrease) in cash, cash equivalents and restricted cash (11,330,000) 592,000
Cash, cash equivalents and restricted cash at beginning of the period 11,451,000 96,000
Cash, cash equivalents and restricted cash at end of the period 121,000 688,000
Effect of exchange rate changes on cash and cash equivalents 18,000 (1,000)
Supplemental disclosure of cash flow information:    
Cash paid for income taxes 0 17,000
Cash paid for interest 6,000 0
Non-cash investing and financing activities:    
Stock Issued 2,077,000 0
Repayment of related party loan through settlement of related party receivable 134,000 0
Derivative liability recognized on issuance of convertible notes $ 0 $ 616,000