v3.26.1
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Operating Activities    
Net loss $ (13,053) $ (12,612)
Adjustments to reconcile net loss to net cash used in operating activities:    
Stock-based compensation 115 17
Non-cash lease expense 541 546
Depreciation and amortization 67 110
Changes in operating assets and liabilities:    
Prepaid expenses and other current assets 460 274
Accounts payable 285 (658)
Accrued expenses and other current liabilities (1,146) (657)
Operating lease liability (688) (688)
Net cash used in operating activities (13,419) (13,668)
Investing Activities    
Net cash from investing activities 0 0
Financing Activities    
Proceeds from issuance of common stock and pre-funded warrants exercise, net of issuance costs 1,598 14,364
Payments in lieu of fractional shares (1) 0
Net cash provided by financing activities 1,597 14,364
Increase (decrease) in cash and cash equivalents (11,822) 696
Cash and cash equivalents at beginning of period 21,619 8,714
Cash and cash equivalents at end of period 9,797 9,410
Supplemental Cash Flow Information    
Dividend attributable to down round feature of warrants 97 0
Warrant modification - incremental value $ 0 $ 586