v3.26.1
STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Cash flows from operating activities:    
Net loss $ (11,606) $ (16,268)
Adjustments to reconcile net loss to net cash used in operating activities:    
Change in carrying value of right-of-use asset 26 25
Stock-based compensation expense 2,000 3,073
Stock issued in exchange for services 0 51
Changes in operating assets and liabilities, net:    
Accrued interest on marketable debt securities 0 (134)
Prepaid expenses, other current assets, and other assets (13) 301
Accounts payable, accrued expenses and other liabilities 360 (2,268)
Net cash used in operating activities (9,233) (15,220)
Cash flows from investing activities:    
Purchase of marketable debt securities 0 (3,056)
Redemption of marketable debt securities 0 9,410
Net cash provided by investing activities 0 6,354
Cash flows from financing activities:    
Proceeds from Public Offerings 4,652 0
Proceeds from exercise of options and warrants 56 321
Net cash provided by financing activities 18,564 2,900
Net increase (decrease) in cash and cash equivalents 9,331 (5,966)
Cash and cash equivalents at beginning of period 11,921 2,590
Cash and cash equivalents at end of period 2,590 8,556
Supplemental disclosure of non-cash financing activities:    
Common stock issued in exchange for services 0 51
Warrants issued to underwriter in connection with stock issuance 1,041 1,068
Public Offering    
Cash flows from financing activities:    
Issuance costs related to Public Offerings and Registered Direct Offering and Issuance costs related to ATM offering (933) 0
Registered Direct Offering    
Cash flows from financing activities:    
Issuance costs related to Public Offerings and Registered Direct Offering and Issuance costs related to ATM offering (412) (571)
Proceeds from Registered Direct Offering and Proceeds from ATM offering and common stock issuances 4,000 3,000
ATM Offering    
Cash flows from financing activities:    
Issuance costs related to Public Offerings and Registered Direct Offering and Issuance costs related to ATM offering (471) (82)
Proceeds from Registered Direct Offering and Proceeds from ATM offering and common stock issuances 11,639 232
Common Stock Issuances    
Cash flows from financing activities:    
Proceeds from Registered Direct Offering and Proceeds from ATM offering and common stock issuances $ 33 $ 0

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