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Condensed Consolidated Statements of Cash Flows (Unaudited)
$ in Thousands
3 Months Ended
Mar. 31, 2025
USD ($)
Mar. 31, 2024
USD ($)
Cash flows used in operating activities:    
Net loss $ (5,146) $ (3,552)
Adjustments to reconcile net loss to net cash used in operating activities:    
Loss on debt extinguishment, net 1,840
Unrealized foreign exchange loss (gain) (26) 6
Gain on debt extinguishment (274)
Gain on change in fair value of warrants (130) (19)
Gain on waiver of accrued interest (371)
Operating lease obligations 29 (25)
Issuance of warrants for lock-up 502
Stock-based compensation expense 234 431
Non-cash interest expense 167 79
Depreciation expense 5
Amortization of financed Directors and Officers insurance 369 422
Amortization Expense 185
Changes in operating assets and liabilities:    
Prepaid expenses and other current assets (255) (153)
Accounts payable (721) (97)
Accrued expenses and other liabilities (207) 49
Lease liability (28)
Net cash flows used in operating activities (4,329) (2,357)
Cash flows used in investing activities:    
Purchases if property and equipment (4)
Net cash flows used in investing activities (4)
Cash flows provided by financing activities:    
Proceeds from issuance of common shares related to ATM program 8,061
Repayment of notes payable – related parties (425)
Repayment of notes payable (151)
Repayment of convertible notes payable - related parties (927)
Repayment of convertible notes payable (631)
Net cash flows provided by financing activities 5,927
Net change in cash and cash equivalents before effect of exchange rate changes 1,594 (2,357)
Effect of exchange rate changes on cash and cash equivalents (18) (27)
Net change in cash 1,576 (2,384)
Cash and cash equivalents at beginning of period 554 4,228
Cash and cash equivalents at end of period 2,130 1,844
Non-cash investing and financing activities    
Right of Use Asset obtained in exchange for Operating Lease Liabilities 350
Issuance of Common Stock Upon Exercise of Conversion Option 4,077
Supplemental Cash Disclosures    
Cash paid for interest $ 170 $ 80