XML 15 R8.htm IDEA: XBRL DOCUMENT v3.25.3
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Cash flows from operating activities    
Net comprehensive loss $ (31,222,000) $ (29,057,000)
Adjustments to reconcile net comprehensive loss to net cash used in operating activities:    
Changes in fair value of freestanding and hybrid financial instruments designated at Fair Value Option 4,721,000 6,920,000
Loss (gain) on extinguishment of debt 1,822,000 (1,245,000)
Depreciation and amortization expenses 1,436,000 1,422,000
Stock-based compensation, vested and released restricted stock units, and exercised stock options 715,000 1,269,000
Amortization of operating lease - right-of-use asset 223,000 343,000
Share in joint venture's loss 120,000 78,000
Amortization of debt issuance costs, debt discount, and non-cash interest expense   274,000
Shares issued in exchange for services   9,000
Changes in assets and liabilities    
Accounts receivable 90,000 718,000
Other receivable 63,000 160,000
Inventory (283,000) (485,000)
Prepaid expenses and other current assets (859,000) (1,703,000)
Other assets 108,000 (331,000)
Accounts payable 3,097,000 (423,000)
Accrued liabilities 2,109,000 65,000
Deferred revenue (128,000) 765,000
Operating lease liability (210,000) (337,000)
Total cash used in operating activities (18,198,000) (21,558,000)
Cash flows from investing activity    
Purchase of furniture and fixtures (54,000)  
Purchase of equipment   (16,000)
Total cash used in investing activity (54,000) (16,000)
Cash flows from financing activities    
Proceeds from issuance of shares in At the Market offering, net of issuance and offering costs of $161 and $127 in 2025 and 2024, respectively 6,331,000 27,759,000
Proceeds from Convertible Notes 3,445,000  
Proceeds from issuance of preferred shares in PIPE financing, net of issuance cost 2,377,000  
Repayment of insurance financing (482,000) (437,000)
Payment of Tempesta Note (50,000) (100,000)
Payment of Convertible Notes (50,000)  
Proceeds from issuance of common shares in exchange for License Agreement   1,150,000
Total cash provided by financing activities 13,880,000 28,372,000
Effects of foreign exchange rate changes on assets and liabilities (103,000) 2,000
Net increase (decrease) in cash (4,475,000) 6,800,000
Cash at beginning of the period 8,002,000 6,469,000
Cash at end of the period 3,527,000 13,269,000
Supplemental schedule of cash flow information    
Cash paid for interest 15,000 14,000
Supplemental schedule of non-cash financing and investing activities    
First Insurance Financing 681,000 519,000
Recognition of operating lease - right-of-use asset and operating lease liability 341,000 219,000
Umbrella Insurance Financing   52,000
Convertible Notes    
Supplemental schedule of non-cash financing and investing activities    
Shares issued in exchange of notes payable and accrued interest 865,000  
Preferred Stock    
Supplemental schedule of non-cash financing and investing activities    
Shares issued in exchange of another class of preferred stock 2,485,000  
Streeterville | Preferred Stock    
Supplemental schedule of non-cash financing and investing activities    
Shares issued in exchange of notes payable and accrued interest 2,250,000 4,485,000
Streeterville | Common Stock    
Supplemental schedule of non-cash financing and investing activities    
Shares issued in exchange of notes payable and accrued interest 983,000 166,000
Shares issued in exchange of preferred stock   1,999,000
Irving | Common Stock    
Supplemental schedule of non-cash financing and investing activities    
Shares issued in exchange of notes payable and accrued interest 1,210,000  
Iliad | Preferred Stock    
Supplemental schedule of non-cash financing and investing activities    
Shares issued in exchange of notes payable and accrued interest 4,800,000  
Iliad | Common Stock    
Supplemental schedule of non-cash financing and investing activities    
Shares issued in exchange of notes payable and accrued interest 1,100,000 $ 4,906,000
HCW Investors    
Cash flows from financing activities    
Proceeds from issuance of common shares/Gross proceeds from combined offerings 1,309,000  
Brown Stone Capital Limited    
Cash flows from financing activities    
Proceeds from issuance of common shares/Gross proceeds from combined offerings $ 1,000,000