v3.26.1
Condensed Statements of Cash Flows (Unaudited) - USD ($)
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Cash Flows From Operating Activities    
Net Income (Loss) $ (4,700,000) $ (5,484,000)
Adjustments to reconcile net loss to net cash used in operating activities    
Depreciation 24,000 7,000
Stock based compensation expense 1,217,000 1,109,000
Changes in operating assets and liabilities:    
Prepaid expenses and other current assets (61,000) (65,000)
Inventory (30,000) 0
Accounts payable and accrued expenses (60,000) (44,000)
Net cash used in operating activities (3,610,000) (4,477,000)
Cash Flows From Investing Activities    
Purchase of property and equipment (246,000) 0
Purchase of short-term investments 0 (3,760,000)
Net cash used in investing activities (246,000) (3,760,000)
Cash Flows From Financing Activities    
Net cash provided by financing activities 1,515,000 10,250,000
Net increase (decrease) in cash and restricted cash (2,341,000) 2,013,000
Cash, cash equivalents and restricted cash – Beginning of period 4,436,000 2,433,000
Cash, cash equivalents and restricted cash – Ending of period 2,095,000 4,446,000
Reconciliation of cash, cash equivalents and restricted cash:    
Cash and cash equivalents 2,039,000 4,390,000
Restricted cash (included in other assets) 56,000 56,000
Total cash, cash equivalents and restricted cash 2,095,000 4,446,000
Supplemental Disclosures of Cash Flow Information:    
Purchase of property and equipment in accounts payable 114,000 2,000
Taxes paid 0 0
Public Stock Offering    
Cash Flows From Financing Activities    
Proceeds from sale of equity 0 10,250,000
At The Market Offering    
Cash Flows From Financing Activities    
Proceeds from sale of equity $ 1,515,000 $ 0

Source

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