v3.26.1
Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Cash Flows from Operating Activities:    
Net loss $ (7,525) $ (6,676)
Adjustments to reconcile net loss to net cash used in operating activities:    
Stock-based compensation 5 84
Depreciation 13 2
Changes in operating assets and liabilities:    
Prepaid expenses and other current assets (647) (1,061)
Accounts payable and accrued expenses (34) (935)
Net cash used in operating activities (8,188) (8,586)
Cash Flows from Investing Activities:    
Purchase of property and equipment (10) 0
Net cash used in investing activities (10) 0
Cash Flows from Financing Activities:    
Payments of deferred offering costs (46) 0
Payments on notes payable (187) (176)
Proceeds from exercises, including future exercises, of warrants 7 3
Payments to stockholders for stock split rounding 0 (1)
Proceeds from subscription receivable 0 883
Proceeds from sale of common stock and pre-funded warrants, net 21,208 13,545
Net cash provided by financing activities 20,982 14,254
Net change in cash and cash equivalents 12,784 5,668
Cash and cash equivalents, at beginning of period 7,201 6,461
Cash and cash equivalents, at end of period 19,985 12,129
Supplemental disclosures of cash flow information:    
Cash paid for interest 10 10
Cash paid for income taxes 0 0
Supplemental disclosure of non-cash investing and financing activities:    
Prepaid insurance financed with note payable 0 31
Amortization of deferred offering costs to equity $ 18 $ 6