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CONDENSED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Cash flows from operating activities:    
Net loss $ (2,124) $ (2,810)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation 0 3
Change in fair value of warrant liability 31 0
Stock-based compensation 252 274
Change in operating assets and liabilities:    
Receivables 3 (3)
Prepaid expenses and other current assets (18) (13)
Accounts payable 293 (251)
Accrued expenses 90 (798)
Net cash flows from operating activities (1,473) (3,598)
Cash flows from financing activities:    
Proceeds from the issuance of common stock and pre funded warrants, net of offering costs 1,911 0
Proceeds from sale of Series A-1 preferred stock 500 0
Proceeds from sale of Series A-2 preferred stock 850 0
Net cash flows from financing activities 3,261 0
Net increase (decrease) in cash, cash equivalents 1,788 (3,598)
Cash and cash equivalents, beginning of period 1,091 6,062
Cash and cash equivalents, end of period 2,879 2,464
Supplementary disclosure of cash flow information:    
Cash paid for interest 0 0
Noncash financing activities:    
Recognition of warrant liability in connection with the equitly line of credit agreement $ 177 $ 0