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Consolidated Statements of Cash Flows - USD ($)
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
OPERATING ACTIVITIES    
Net loss $ (7,732,000) $ (8,945,000)
Adjustments to reconcile net loss to net cash used in operating activities:    
Share-based compensation expense 2,402,000 3,461,000
Depreciation 14,000 35,000
Amortization of operating lease right-of-use assets 153,000 99,000
Changes in operating assets and liabilities:    
Accounts receivable (227,000) (4,000)
Inventory (30,000) (50,000)
Prepaid research and development 120,000 64,000
Prepaid expenses and other current assets 55,000 (8,000)
Deferred financing costs 544,000 66,000
Long-term prepaid contracts 310,000 (1,214,000)
Accounts payable 7,000 (237,000)
Operating lease liability (152,000) (99,000)
Accrued and other current liabilities (254,000) (107,000)
Net cash used in operating activities (4,852,000) (6,939,000)
INVESTING ACTIVITIES    
Purchases of short-term investments 0 (2,523,000)
Redemption of short-term investments 0 2,523,000
Purchases of property, plant and equipment 0 (11,000)
Net cash used in investing activities 0 (11,000)
FINANCING ACTIVITIES    
Proceeds from convertible debt – related party 500,000 0
Proceeds from issuance of common stock 6,482,000 5,992,000
Proceeds from exercise of warrants 430,000 0
Proceeds from exercise of stock options 0 149,000
Payments on convertible debt – related party (500,000) 0
Net cash provided by financing activities 6,912,000 6,141,000
Effect of exchange rate changes on cash (6,000) 0
Net increase (decrease) in cash and cash equivalents 2,054,000 (809,000)
Cash and cash equivalents at the beginning of the year 432,000 1,241,000
Cash and cash equivalents at the end of the year 2,486,000 432,000
SUPPLEMENTAL INFORMATION    
Interest paid in cash 38,000 14,000
Supplemental disclosure of non-cash activities:    
Preferred stock dividends 0 77,000
Conversion of preferred stock into common stock 0 4,257,000
Right-of-use asset and lease liability (new lease) 398,000 0
Insurance premium financing 315,000 0
Insurance Premium Financing Payable [Member]    
Changes in operating assets and liabilities:    
Insurance premium financing payable $ (62,000) $ 0