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 $ (6,486) $ (6,702)
Adjustments to reconcile net loss to net cash used in operating activities:    
Stock-based compensation expense 447 724
Depreciation and amortization 501 410
Shares issued for services 2 2
Other (1)
Changes in assets and liabilities:    
Prepaid expenses and other assets (147) (338)
Lease right-of-use asset 106 98
Accounts payable and accrued expenses (279) 536
Lease liabilities (115) (102)
Net cash used in operating activities (5,972) (5,372)
CASH FLOWS FROM INVESTING ACTIVITIES    
Purchases of property and equipment (688) (934)
Net cash used in investing activities (688) (934)
CASH FLOWS FROM FINANCING ACTIVITIES    
Proceeds from exercise of common stock warrants 5
Fees paid for warrant inducement offering, net (26)
Proceeds from at-the-market sales of common stock, net 700 728
Proceeds from registered direct offering, net 2,964
Net cash provided by financing activities 3,638 733
Net decrease in cash and cash equivalents (3,022) (5,573)
Cash and cash equivalents at beginning of period 6,942 13,095
Cash and cash equivalents at end of period $ 3,920 $ 7,522