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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 $ (40,669) $ (32,864)
Adjustments to reconcile net loss to net cash used in operating activities:    
Stock-based compensation 6,594 5,848
Accretion of debt discount 73
Gain on settlement of accounts payable (626)
Depreciation expense 28
Impairment of acquired in-process research and development intangible assets 16,514
Changes in operating assets and liabilities:    
Research and development tax credit receivable (523) 796
Other tax receivable (532) 226
Prepaid expenses (141) 646
Prepaid expenses – related party 127
Other assets (667) 49
Accounts payable and accrued liabilities 962 2,689
Accounts payable and accrued liabilities – related parties 20
Deferred liabilities (517) 60
Operating lease liabilities (61) (18)
Net cash used in operating activities (19,638) (22,348)
CASH FLOWS FROM INVESTING ACTIVITIES    
Purchase of equipment (899)
Net cash used in investing activities (899)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Net proceeds from sale of common stock and warrants 27,544 27,789
Exercise of warrants for cash 1
Repayments of debt (7,500)
Net cash provided by financing activities 27,545 20,289
Impact on cash from foreign currency translation (196) (237)
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS 6,812 (2,296)
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD 20,922 35,848
CASH AND CASH EQUIVALENTS AT END OF PERIOD 27,734 33,552
SUPPLEMENTAL DISCLOSURE OF CASH FLOWS INFORMATION:    
Cash paid for income taxes
Cash paid for interest expense 661
SUPPLEMENTAL DISCLOSURE OF NON-CASH INVESTING AND FINANCING ACTIVITIES:    
Right of use assets obtained in exchange for lease obligations $ 702