v3.26.1
Unaudited Condensed Consolidated Statements of Cash Flows - USD ($)
 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Cash flows from operating activities:    
Net loss $ 13,276,000 $ 12,285,000
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 91,000 82,000
Amortization of right of use asset 183,000 173,000
Amortization of discount on debt issued 3,000 2,371,000
Derivative loss 0 2,505,000
Change in fair value of senior secured note and warrant liability (5,741,000) 0
Provision for excess and obsolete inventory 607,000 464,000
Stock-based compensation 1,545,000 324,000
Loss on settlement of debt 9,284,000 0
Loss on warrant exchange 505,000 0
Changes in operating assets and liabilities:    
Accounts receivable 9,000 (787,000)
Inventory 726,000 655,000
Prepaid expenses and other assets 245,000 130,000
Accounts payable 1,244,000 1,077,000
Accrued expenses and other liabilities (392,000) 701,000
Operating lease obligation (185,000) (192,000)
Net cash used in operating activities (5,152,000) (4,782,000)
Cash flows from investing activities:    
Purchase of plant, property and equipment (26,000) 0
Net cash used in investing activities (26,000) 0
Cash flows from financing activities:    
Proceeds from loans from related parties 700,000 1,752,000
Proceeds from issuance of notes payable 320,000 0
Repayment of loans from related parties (866,000) (90,000)
Issuance of convertible notes (500,000) (2,000,000)
Stock option exercise 59,000 0
Repayment of notes payable (9,464,000) 0
Repayment of convertible notes (556,000) 0
Proceeds from issuance of common stock and warrants 3,063,000 0
Proceeds from issuance of Common Stock 0 1,485,000
Repayment of finance lease obligations (32,000) (35,000)
Net cash provided by (used in) financing activities (6,276,000) 5,112,000
Net increase (decrease) in cash, cash equivalents, and restricted cash (11,413,000) 314,000
Cash, cash equivalents, and restricted cash at beginning of the period 11,451,000 96,000
Cash, cash equivalents, and restricted cash at end of the period 38,000 410,000
Effect of exchange rate changes on cash and cash equivalents 41,000 (16,000)
Supplemental disclosure of cash flow information:    
Cash paid for income taxes 7,000 17,000
Cash paid for interest 85,000 0
Non-cash financing activities:    
Stock Issued 4,726,000 0
Derivative liability recognized on issuance of convertible notes 0 4,447,000
Repayment of related party loan through settlement of related party receivable 134,000 0
Extinguishment of warrants $ 894,000 $ 0