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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Net loss $ (15,406,000) $ (10,270,000)
Adjustments to reconcile net loss to net cash used in operating activities:    
Share-based compensation 1,638,000 931,000
Amortization of discounts on marketable securities (441,000) (648,000)
Non-cash lease expense 40,000 37,000
Depreciation 14,000 18,000
Changes in operating assets and liabilities:    
Amounts receivable 75,000 (22,000)
Prepaid expenses and other assets (453,000) (156,000)
Deposits 1,108,000 (1,308,000)
Accounts payable 321,000 (167,000)
Accrued liabilities and operating lease liabilities (1,643,000) 413,000
Net cash used in operating activities (14,747,000) (11,172,000)
Cash flows from investing activities:    
Purchase of marketable securities (16,370,000) (18,047,000)
Maturities of marketable securities 31,967,000 27,000,000
Purchase of property and equipment (18,000) (9,000)
Net cash provided by investing activities 15,579,000 8,944,000
Cash flows from financing activities:    
Proceeds from issuance of common shares, net of offering costs 0 11,747,000
Proceeds from the exercise of stock options 257,000 7,000
Principal payments on finance lease obligations (5,000) (3,000)
Net cash provided by (used in) financing activities 252,000 11,751,000
Net decrease in cash and cash equivalents 1,084,000 9,523,000
Cash and cash equivalents at beginning of period 3,025,000 4,543,000
Cash and cash equivalents at end of period 4,109,000 14,066,000
Supplemental disclosure of cash flow information:    
Assets acquired under financing lease 0 30,000
Cash paid for income taxes $ 12,000 $ 14,000