v3.26.1
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Cash flows from operating activities:    
Net loss $ (8,141) $ (3,935)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 2 0
Net gain on disposal of property and equipment (3) 0
Stock-based compensation 596 94
Changes in operating assets and liabilities:    
Prepaid expenses and other assets (857) (165)
Accounts payable 466 (18)
Accrued expenses (101) 209
Net cash used in operating activities (8,038) (3,815)
Cash flows from investing activities:    
Proceeds from sale of property and equipment 3 0
Cash paid for purchase of property and equipment 0 (5)
Net cash provided by (used in) investing activities 3 (5)
Cash flows from financing activities:    
Net proceeds from the exercise of warrants 0 2,720
Net proceeds from the issuance of common stock and warrants 0 6,493
Net cash provided by financing activities 0 9,213
Net (decrease) increase in cash and cash equivalents (8,035) 5,393
Cash and cash equivalents at the beginning of period 21,031 5,382
Cash and cash equivalents at end of period $ 12,996 $ 10,775