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Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Cash flows from operating activities    
Net loss $ (8,985) $ (30,356)
Adjustments to reconcile net loss to net cash flows used in operating activities:    
Stock-based compensation expense 4,725 2,400
Other expense – recapitalization of common stock 26,004
Changes in assets and liabilities which provided (used) cash:    
Accounts payable 398 (401)
Due to related party (39) (220)
Accrued expenses – related party 23
Accrued expenses and other current liabilities (66)
Net cash flows used in operating activities (3,944) (2,573)
Cash flows from financing activities    
Proceeds from short-term debt – related party 65
Repayment of short-term debt – related party (193)
Payments related to issuance of common stock (27)
Proceeds from issuance of common stock 4,493 7,320
Net cash flows provided by financing activities 4,466 7,192
Net increase (decrease) in cash and cash equivalents 522 4,619
Cash and cash equivalents, beginning 4,621 2
Cash and cash equivalents, ending $ 5,143 $ 4,621