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 $ (18,685) $ (9,988)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation of property and equipment 31 37
Non-cash lease expense 144 145
Stock-based compensation expense 4,087 1,207
Value of shares issued to consultants 1,387 0
Unrealized foreign exchange loss 20 261
Change in fair value of warrant derivative 0 (153)
Fair value loss from SEPA Arrangement 0 388
Value of shares issued for SEPA Arrangement commitment fees 0 440
Changes in operating assets and liabilities:    
Other receivables (641) (3)
Prepaid expenses (897) (924)
Accounts payable (83) 354
Accrued liabilities (645) (456)
Operating lease liabilities (149) (147)
Net cash used in operating activities (15,431) (8,839)
Cash flows from investing activities:    
Acquisition of property and equipment (6) (1)
Net cash used in investing activities (6) (1)
Cash flows from financing activities:    
Net cash provided by financing activities 14,385 8,277
Effect of exchange rate changes on cash and cash equivalents (35) 205
Net decrease in cash and cash equivalents (1,087) (358)
Cash and cash equivalents, beginning of period 5,202 11,079
Cash and cash equivalents, end of period 4,115 10,721
Supplemental disclosure of cash flow information:    
Cash paid for income taxes 101 61
ATM Offering Agreements    
Cash flows from financing activities:    
Proceeds from issuance of common stock 14,385 5,929
Standby Equity Purchase Agreement    
Cash flows from financing activities:    
Proceeds from issuance of common stock $ 0 $ 2,348