XML 15 R6.htm IDEA: XBRL DOCUMENT v3.25.3
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 $ (8,528) $ (3,897)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization expense 18 67
Share-based compensation 1,158 1,531
Amortization of operating lease right-of-use assets 418 408
Non-cash interest expense 854 53
Loss on settlement of convertible notes 358
Other income (see Note 2) (200) (3,556)
Amortization of debt discount 160
Change in fair value of forward purchase agreement asset 23
Change in fair value of SEPA put rights asset (55)
Change in fair value of embedded derivative liability 773
Changes in operating assets and liabilities:    
Accounts receivable (183)
Prepaid expenses and other current assets (257) (93)
Accounts payable 787 325
Accrued expenses (73) 551
Income taxes payable (366)
Operating lease liability (456) (421)
Net cash used in operating activities (5,386) (5,215)
Cash Flows from Investing Activities:    
Proceeds from sales of property and equipment 26
Net cash provided by investing activities 26
Cash Flows from Financing Activities:    
Proceeds from settlement of Forward Purchase Agreement 132
Proceeds from issuances of debt 1,840 4,877
Proceeds from issuance of Note payable 553
Payments on Note payable (553)
Issuance of Advance Shares 739
Payment of offering costs (365)
Repayment of finance lease liabilities (17)
Net cash provided by financing activities 2,711 4,495
Net change in cash and restricted cash (2,649) (720)
Cash and restricted cash - beginning of period 2,992 861
Cash and restricted cash - end of period 343 141
Supplemental disclosure of cash flow information and non-cash transactions:    
Interest paid 21 1
Issuance costs for Advance Shares included in accrued expenses 51
Fair value of common stock issued for services 161
Common stock issued in settlement of convertible notes and embedded derivative liability 5,937
Deferred offering costs included in accounts payable 575
Reclassification of residual value guarantees under finance lease to accrued expense 113
As reported within the unaudited condensed consolidated balance sheets:    
Cash 328 1
Restricted cash 15 140
Total cash and restricted cash as presented in the balance sheet $ 343 $ 141