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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss $ (7,858) $ (17,062)
Reconciliation of net loss to net cash used in operating activities:    
Depreciation and amortization (21) 8
Common stock issued for services (100) (0)
Stock-based compensation 435 7
Impairment of intangible assets 0 9,703
Unrealized foreign exchange gains (13) (10)
Non-cash interest expense 166 173
Change in fair value of warrant and derivative liabilities (1) (2,676)
Changes in operating assets and liabilities:    
Deferred income taxes 0 (446)
Other current assets 2 109
Tax credit receivable (892) (837)
Prepaid expenses (1,289) 630
Accounts payable 433 (3,623)
Accrued expenses and other liabilities (2,646) (123)
Income taxes payable 7 1
Net cash used in operating activities (11,577) (14,146)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from ATM sales of common stock, net of issuance costs 11,143 33,119
Net proceeds from sale of common stock and pre-funded warrant issuance 2,451 0
Proceeds from issuance of Convertible Redeemable Series A Preferred Stock 0 2,938
Redemption of Convertible Redeemable Series A Preferred Stock 0 (3,500)
Proceeds from convertible promissory notes and accrued interest, net of discount 0 1,340
Repayment of debt and promissory notes 0 (1,340)
Common stock repurchase (2,706) 0
Net cash provided by financing activities 10,888 32,557
Net increase in cash and cash equivalents (689) 18,411
Effect of exchange rate changes on cash and cash equivalents (1,949) (114)
Cash and cash equivalents, beginning of period 19,533 166
Cash and cash equivalents, end of period 16,895 18,463
Supplemental information    
Cash paid for interest 0 408
Deemed dividend on Series A Convertible Preferred Stock (0) (562)
Stock issued in conjunction with consulting agreement 0 90
Deemed dividend on Convertible Redeemable Series A Preferred Stock 0 562
Series A Preferred Stock [Member]    
Supplemental information    
Deemed dividend on Series A Convertible Preferred Stock 0 (299)
Gain on extinguishment of Series A Convertible Preferred Stock 0 222
Deemed dividend on Convertible Redeemable Series A Preferred Stock 0 299
3i Exchange Warrants [Member]    
Supplemental information    
Issuance of 2,359,650 common shares on conversion of 3,632,366 3i Exchange Warrants 0 405
Conversion of Series A Preferred Stock [Member]    
Supplemental information    
Conversion of Series A Convertible Preferred stock to equity, net $ 0 $ 1,819