v3.26.1
Condensed Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Cash Flows from Operating Activities:    
Net loss $ (2,728) $ (3,337)
Adjustments to reconcile net loss to net cash used in operating activities:    
Stock-based compensation 2 388
Depreciation expense 3 3
Changes in operating assets - decrease:    
Other current assets 73 84
Changes in operating liabilities - (decrease)/increase:    
Accounts payable (329) 140
Accrued expenses (565) 118
Net cash used in operating activities (3,544) (2,604)
Cash Flows from Financing Activities:    
Issuance of common stock 0 2,121
Direct financing costs from issuance of common stock 0 (64)
Net cash provided by financing activities 0 2,057
Net decrease in cash and cash equivalents (3,544) (547)
Cash and cash equivalents, at beginning of period 7,004 9,136
Cash and cash equivalents, at end of period 3,460 8,589
Non-cash financing activities:    
Fractional share buyback in connection with reverse stock split in accrued expenses 7 0
Recognition of deferred offering costs associated with issuance of common stock $ 0 $ (176)