v3.26.1
CONDENSED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Operating activities    
Net loss $ (9,871) $ (10,644)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 500 511
Non-cash stock-based compensation 753 1,786
Amortization of finance lease right-of-use assets 170 526
Amortization of operating lease right-of-use assets 287 416
Changes in operating assets and liabilities:    
Prepaid expenses and other current assets 248 943
Other non-current assets 44 0
Accounts payable 135 (10)
Accrued expenses and other current liabilities (872) (412)
Short-term operating lease liabilities 348 225
Long-term operating lease liabilities (434) (390)
Net cash used in operating activities (8,692) (7,049)
Investing activities    
Purchases of property and equipment (242) 0
Net cash used in investing activities (242) 0
Financing activities    
Payment of issuance costs from December 2025 issuance of common stock (77) 0
Proceeds from the issuance of common stock, net of issuance costs 0 7,352
Principal payments on financing leases (169) (459)
Net cash (used in) provided by financing activities (246) 9,160
Net (decrease) increase in cash and restricted cash (9,180) 2,111
Cash and restricted cash at beginning of period 27,312 11,386
Cash and restricted cash at end of period 18,132 13,497
Cash, end of period 17,956 13,226
Restricted cash, end of period 176 271
Cash and restricted cash, end of period 18,132 13,497
Supplemental disclosure of non-cash financing and investing activities:    
Lease modification of operating lease right-of-use assets and liabilities (349) (1,287)
Series A & B Warrants    
Financing activities    
Proceeds from the exercise of Series C warrants, net of issuance costs 0 1,884
Series C Warrants    
Financing activities    
Proceeds from the exercise of Series C warrants, net of issuance costs $ 0 $ 383