v3.26.1
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended 12 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Dec. 31, 2025
CASH FLOWS FROM OPERATING ACTIVITIES:      
Net loss $ (4,932) $ (1,753)  
Adjustments to reconcile net loss to net cash used in operating activities:      
Share-based compensation expense 109 228  
Changes in operating assets and liabilities:      
Accounts receivable 1,000 31  
Prepaid expenses 272 (41)  
Other current assets 0 (11)  
Accounts payable 1,089 72  
Accrued research and development costs (172) 20  
Accrued expenses and other current liabilities 26 (17)  
Net cash used in operating activities (2,608) (1,471)  
CASH FLOWS FROM INVESTING ACTIVITIES:      
Purchases of property and equipment (66) 0  
Net cash used in investing activities (66) 0  
CASH FLOWS FROM FINANCING ACTIVITIES:      
Proceeds from ATM 825 0  
Proceeds from private placement 0 1,375  
Issuance costs paid for private placement 0 (130)  
Net cash provided by financing activities 825 1,245  
Net decrease in cash and cash equivalents (1,849) (226)  
Cash and cash equivalents, beginning of period 3,240 3,232 $ 3,232
Cash and cash equivalents, end of period $ 1,391 $ 3,006 $ 3,240