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 $ (8,704) $ (10,781)
Adjustments to reconcile net loss to net cash used in operating activities:    
Loss (gain) on debt extinguishment, net 1,073 (278)
Unrealized foreign exchange (gain) loss (27)
Change in fair value of convertible notes payable 733 2,875
Gain on change in fair value of derivative warrant liability (137)
Loss on equity method investment 154
Gain on waiver of accrued interest (371)
Stock-based compensation expense 398 394
Non-cash interest expense 126 224
Non-cash lease expense 70 60
Depreciation expense 12 10
Amortization of financed directors and officers insurance 621 739
Issuance of common stock for services 530
Amortization expense 1,008 1,015
Changes in operating assets and liabilities:    
Prepaid expenses and other current assets (669) 198
Accounts payable 1,833 (236)
Accrued expenses and other liabilities 446 (136)
Lease liability (69) (58)
Net cash flows used in operating activities (2,438) (6,509)
Cash flows from investing activities:    
Purchases of equipment and clinical assets (405)
Net cash flows used in investing activities (405)
Cash flows from financing activities:    
Net proceeds from the issuance of notes payable 1,801
Proceeds from issuance of common shares related to the ATM program 355 11,948
Repayment of notes payable – related parties (482) (425)
Repayment of notes payable (156)
Repayment of convertible notes payable – related parties (927)
Repayment of convertible notes payable (650)
Purchases of treasury stock   (106)
Net cash flows provided by financing activities 1,674 9,684
Net change in cash and cash equivalents before effect of exchange rate changes (764) 2,770
Effect of exchange rate changes on cash and cash equivalents 2 8
Net change in cash (762) 2,778
Cash and cash equivalents at beginning of period 1,509 554
Cash and cash equivalents at end of period 747 3,332
Supplemental cash flow information:    
Cash paid for interest 11
Cash paid for taxes
Non-cash investing and financing activities    
Issuance of common stock upon exercise of conversion option 2,418 5,950
Issuance of common stock for services 530 2,951
Issuance of common stock for investment in related party 622
Deferred cash payable for investment in related party 8,000
Issuance of pre-funded warrants for investment in related party 114,378
Issuance of warrants upon the issuance of convertible note $ 264