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:    
Loss for the period $ (8,148) $ (11,589)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 43 19
Stock-based compensation 120 80
Amortization of original issue discount related to promissory note 298
Loss on extinguishment of debt 266
Change in fair value of derivative liability (1) 3,269
Amortization of debt discount and interest expense related to promissory notes 5
Loss on warrant repurchase 95
Changes in assets and liabilities:    
Other current assets 27 (371)
Accounts payable (201) 1,652
Other current liabilities (68) 157
Net cash used in operating activities (7,664) (6,683)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchase of property and equipment (9)
Net cash used in investing activities (9)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Net proceeds from exercise of pre-funded warrants 1
Net proceeds from ELOC financing 1,692
Payment of promissory note (299)  
Net proceeds from underwritten U.S. public offerings 10,715
Series A warrant repurchase (160)
Net cash provided by financing activities 1,394 10,555
Effect of exchange rate changes on cash and cash equivalents, and restricted cash 11 65
Change in cash and cash equivalents, and restricted cash (6,259) 3,928
Cash and cash equivalents, and restricted cash at beginning of the period 7,383 5,627
Cash and cash equivalents, and restricted cash, end of period 1,124 9,555
(a) Net cash paid during the quarter for:    
Interest $ 15 $ 81