v3.26.1
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Cash Flows from Operating Activities    
Net Loss $ (2,774) $ (2,015)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 24 15
Stock-based compensation 414 627
Change in fair value of derivative liabilities 128 (415)
Changes in operating assets and liabilities:    
(Increase) Decrease in accounts receivable (43) (341)
(Increase) Decrease in other current assets (296) (166)
(Increase) Decrease in inventory 17 (16)
Increase (Decrease) in accounts payable (126) (167)
Increase (Decrease) in accrued expenses 41 0
Increase (Decrease) in deferred revenue 102 77
Net Cash Used in Operating Activities (2,513) (2,401)
Cash Flows from Investing Activities    
Purchase of fixed assets (58) (30)
Net Cash Provided by (used in) Investing Activities (58) (30)
Cash Flows from Financing Activities    
Proceeds from issuances of Class A shares 11 0
Proceeds from issuance of Preferred Shares 0 10,750
Equity issuance costs (140) (1,474)
Net Cash Used in Financing Activities (129) 9,276
EFFECT OF EXCHANGE RATE ON CASH (3) 0
Net Change in Cash (2,703) 6,845
Cash at Beginning of Period 8,453 52
Cash at End of Period 5,750 6,897
Supplementary disclosure of non-cash activities    
Equity issued for non-cash consideration 414 0
Recognition and reclassification of derivative liability 71 2,089
Issuance of Series 2 Preferred Stock in settlement of accrued preferred dividends 83 0
Accrued preferred dividends $ 134 $ 8