v3.26.1
Unaudited Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Cash flows from operating activities:    
Net income (loss) $ (3,412) $ 2,897
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation expense 30 2
Amortization of debt issuance costs 179
Stock-based compensation 183 200
Amortization of right-of-use assets 147 141
Change in fair value of warrant liabilities 1,002 (4,253)
Change in fair value of notes payable (220)
Issuances of shares for borrowing related costs 241
Changes in operating assets and liabilities:    
Accounts receivable 82 402
Inventory 7 (12)
Prepaid expenses 110 2
Other assets (444) (94)
Accounts payable (1,588) (947)
Accrued expenses 308 502
Deferred revenue (154) (297)
Lease liabilities (178) (69)
Net cash used in operating activities (3,728) (1,505)
Cash flows from financing activities:    
Proceeds from issuance of common stock and warrants 3,080
Proceeds from notes payable 8,285
Payments for notes payable (157) (1,131)
Stock option exercises 156 158
Net cash provided by financing activities (1) 10,392
Effect of exchange rate changes on cash (10) 17
Net increase in cash (3,739) 8,904
Cash, beginning of period 15,394 5,157
Cash, end of period 11,655 14,061
Supplemental cash flow information:    
Cash paid for interest 278 11
Cash paid for taxes 5 11
Noncash investing and financing activities disclosure:    
Tenant improvement allowance payments made by the lessor directly to a third party 164
Issuance of common stock to settle notes payable 1,192
Capitalized and unpaid debt issuance costs $ (25)