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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 1,107 $ 1,535
Accounts receivable 838 961
Prepaid expenses and other current assets 586 853
Derivative asset 0 0
Total current assets 2,531 3,349
Property and equipment, net 65 136
Operating lease right-of-use asset 0 146
TOTAL ASSETS 2,596 3,631
Current liabilities:    
Accounts payable 3,955 2,039
Accrued expenses 1,104 1,242
Deferred revenue 0 63
Current portion of long-term debt 25 75
Operating lease liability 0 146
Warrant liability 0 2,351
Total current liabilities 5,084 5,916
Long-term debt 0 26
TOTAL LIABILITIES 5,084 5,942
Stockholders’ equity (deficit):    
Convertible preferred stock (Series A), par value of $0.001 per share; 10,000,000 shares authorized, 10 shares issued and outstanding as of December 31, 2024, and no shares authorized, issued or outstanding as of December 31, 2023; with aggregate liquidation preference of $1,750,000 and $0 as of December 31, 2024 and December 31, 2023, respectively 1,665 0
Common stock, par value of $0.0001 per share; 100,000,000 shares authorized as of December 31,2024 and December 31,2023; 2,676,642 and 892,622 shares issued as of December 31,2024 and December 31,2023 respectively; 2,676,637 and 892,617 shares outstanding as of December 31,2024 and December 31,2023, respectively 1 0
Additional paid-in capital 354,418 337,627
Treasury stock, at cost; 5 shares of common stock as of December 31, 2024, and December 31, 2023, respectively (11) (11)
Accumulated deficit (358,561) (339,927)
TOTAL STOCKHOLDERS' EQUITY/(DEFICIT) (2,488) (2,311)
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 2,596 $ 3,631