v3.26.1
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Cash flows from operating activities:    
Net loss $ (15,790) $ (3,362)
Adjustments:    
Depreciation expense 2 2
Stock-based compensation 105 302
Impairment of intangible assets 13,533 0
Change in fair value of derivative warrant liabilities 0 487
Changes in operating assets and liabilities:    
Receivables 0 106
Prepaid expenses (174) (47)
Trade and other payables (897) 711
Net cash used in operating activities (3,221) (1,801)
Cash flows from financing activities:    
Payment of stock issuance costs 0 (327)
Net cash used in financing activities 0 (327)
Net decrease in cash and cash equivalents (3,221) (2,128)
Cash and cash equivalents, beginning of period 16,977 22,133
Cash and cash equivalents, end of period 13,756 20,005
Cash and cash equivalents are comprised of:    
Cash 2,712 1,918
Cash equivalents $ 11,044 $ 18,087