XML 17 R6.htm IDEA: XBRL DOCUMENT v3.25.1
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss $ (4,045) $ (2,675)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 531 522
Stock-based compensation 91 6
Change in fair value of royalties payable due to related parties 1,163 86
Deferred income tax benefit (724)
Acquired in-process research and development 119 0
Changes in operating assets and liabilities:    
Accounts receivable (16) 64
Inventories (43) (19)
Prepaid expenses and other current assets 68 88
Operating lease right-of-use assets and lease liabilities (2) 0
Current portion of royalties payable due to related parties (11) 0
Accounts payable 410 79
Accrued expenses 76 (93)
Interest payable due to related parties 45 0
Net cash used in operating activities (2,338) (1,942)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchases of property and equipment (10) (22)
Net cash used in investing activities (10) (22)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Payment on notes payable (75) (110)
Net cash used in financing activities (75) (110)
NET CHANGE IN CASH AND CASH EQUIVALENTS (2,423) (2,074)
CASH AND CASH EQUIVALENTS, beginning of period 2,873 3,565
CASH AND CASH EQUIVALENTS, end of period 450 1,491
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION    
Cash paid for interest 4 3
SUPPLEMENTAL SCHEDULE OF NONCASH FINANCING AND INVESTING ACTIVITIES    
Fair value of common stock issued in connection with the asset acquisition 113 0
Consideration for asset acquisition included in accrued expenses 6 0
Property and equipment included in accrued expenses 7 0
Property and equipment reclassified from inventories $ 5 $ 0