XML 21 R6.htm IDEA: XBRL DOCUMENT v3.25.4
Consolidated Statements of Cash Flows - USD ($)
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Cash Flows From Operating Activities:    
Net loss $ (23,739,000) $ (25,653,000)
Adjustments to reconcile net loss to net cash used in operating activities:    
Stock-based compensation 654,000 671,000
In-process research and development impairment 0 1,325,000
Goodwill impairment   5,594,000
Change in fair value of contingent consideration 9,031,000 699,000
Loss on asset disposal 1,000  
Non - cash lease expense 522,000 452,000
Depreciation 108,000 137,000
Deferred research and development tax credit (188,000) (888,000)
Changes in operating assets and liabilities:    
Prepaid expenses and other current assets 456,000 912,000
Deposits and other assets   1,000
Accounts payable 69,000 123,000
Accrued expenses (2,277,000) 522,000
Accrued employee benefits (744,000) (350,000)
Operating lease liability (562,000) (482,000)
Net Cash Used In Operating Activities (16,669,000) (16,937,000)
Cash Flows From Investing Activities:    
Purchases of property and equipment (35,000) (1,000)
Net Cash Used In Investing Activities (35,000) (1,000)
Cash Flows From Financing Activities:    
Payment of loans payable (70,000) (67,000)
Proceeds from issuance under at - the - market offering, net of issuance cost 6,833,000 3,603,000
Payment of contingent consideration (1,000,000)  
Proceeds from issuance Common Stock and Warrants offering, net of issuance costs 6,690,000 1,960,000
Proceeds from warrant inducement 3,942,000  
Proceeds from long term debt 1,507,000  
Proceeds from issuance of common stock for warrant exercises 4,000  
Tax credit receivable 287,000  
Net Cash Provided By Financing Activities 18,193,000 5,496,000
Effects of exchange rate changes on cash and cash equivalents (92,000) (132,000)
Net increase (decrease) in cash and cash equivalents and restricted cash 1,397,000 (11,574,000)
Cash and cash equivalents and restricted at the beginning of this period 11,705,000 23,279,000
Cash and cash equivalents and restricted cash at the end of this period 13,102,000 11,705,000
Reconciliation of cash, cash equivalents, and restricted cash reported in the consolidated balance sheet    
Cash and cash equivalents 13,056,000 11,609,000
Restricted cash included in other long-term assets 46,000 96,000
Total cash, cash equivalents, and restricted cash shown in the statement of cash flows 13,102,000 $ 11,705,000
NONCASH FINANCING ACTIVITIES:    
Noncash equity issuance costs and deemed dividend $ 5,880,000