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:    
Net loss $ (6,155) $ (5,052)
Reconciliation of net loss to net cash used in operating activities:    
Depreciation and amortization 8 23
Common stock issued for services 100 50
Stock-based compensation 348 303
Unrealized foreign exchange gains 0 (13)
Non-cash interest expense 886 92
Change in fair value of warrant and derivative liabilities 128 (1)
Changes in operating assets and liabilities:    
Other current assets 204 (1)
Tax credit receivable (444) (839)
Prepaid expenses (1,267) (850)
Accounts payable (169) 436
Accrued expenses and other liabilities (696) (2,322)
Income taxes payable 0 7
Net cash used in operating activities (7,057) (8,167)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchase of property and equipment (64) 0
Net cash used in investing activities (64) 0
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from ATM sales of common stock, net of issuance costs 0 11,143
Net proceeds from sale of common stock and pre-funded warrant issuance 2 0
Proceeds from promissory notes 20,000 0
Common stock repurchase (262) (2,565)
Net cash provided by financing activities 19,740 8,578
Effect of exchange rate changes on cash and cash equivalents (325) (2,143)
Net increase in cash, cash equivalents, and restricted cash 12,294 (1,732)
Cash, cash equivalents, and restricted cash, beginning of period 14,687 19,533
Cash, cash equivalents, and restricted cash, end of period 26,981 17,801
Supplemental information    
Cash and cash equivalents 16,982 17,801
Restricted cash 9,999 0
Total cash and cash equivalents and restricted cash as presented in the condensed consolidated balance sheet $ 26,981 $ 17,801