XML 19 R9.htm IDEA: XBRL DOCUMENT v3.25.2
UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Cash flows from operating activities:        
Net income $ (2,621) $ (600) $ 389 $ (1,429)
Adjustments to reconcile net income (loss) to cash used in operating activities:        
Depreciation and amortization     132 14
Equity-based compensation     1 11
Amortization of right-of-use asset     104 390
Change in fair value of contingent consideration 159 0 295 0
Gain on early lease termination 0 0 (5,974) 0
Gain on settlement of accounts payables 0 0 (191) 0
Loss from sale or disposal of property and equipment 60 0 86 0
Changes in operating assets and liabilities:        
Other receivable     1,434 (544)
Prepaid expenses and other current assets     169 415
Other noncurrent assets     (734) 0
Accounts payable     303 (46)
Accrued expenses     106 (32)
Other liabilities     0 (395)
Net cash used in operating activities     (3,880) (1,616)
Cash flows from investing activities:        
Property and equipment     (320) 0
Proceeds from sale of fixed assets     40 0
Acquisition of GPCR Therapeutics USA Inc.     (2,090) 0
Net cash used in investing activities     (2,370) 0
Cash flows from financing activities:        
Proceeds from short-term borrowing     0 1,000
Proceeds from common stock offering     1,600 0
Net cash provided by provided by financing activities     1,600 1,000
Net decrease in cash, cash equivalents, and restricted cash     (4,650) (616)
Cash, cash equivalents, and restricted cash - beginning of period     12,508 2,016
Cash, cash equivalents, and restricted cash - end of period $ 7,858 $ 1,400 $ 7,858 $ 1,400