Quarterly report pursuant to Section 13 or 15(d)

CONDENSED STATEMENTS OF CASH FLOWS (unaudited)

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CONDENSED STATEMENTS OF CASH FLOWS (unaudited) - USD ($)
$ in Thousands
 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Cash flows from operating activities:    
Net loss $ (3,916) $ (3,599)
Adjustments to reconcile net loss to net cash used in operating activities:    
Gain on sale of assets (1,732)
Depreciation and amortization 5 109
Stock-based compensation 965
Other (2) (1)
Changes in operating assets and liabilities:    
Receivables 8
Notes receivable 1,000
Related party receivable (14)
Prepaid expenses and other assets 48 122
Accounts payable 23 (374)
Deferred grant revenue (12) (184)
Other accrued liabilities (514) (152)
Net cash used in operating activities (3,374) (4,846)
Cash flows from investing activities:    
Proceeds from sale of assets 228
Net cash provided by investing activities 228
Cash flows from financing activities:    
Net proceeds from issuance of preferred stock 9,094
Proceeds from short-term loans 750
Payments on short-term loans (250)
Net cash provided by financing activities 9,594
Net decrease in cash and restricted cash (3,374) 4,976
Cash and restricted cash at beginning of period 6,773 3,133
Cash and restricted cash at end of period 3,399 8,109
Supplemental cash flow information:    
Interest paid 13 4
Note payable to related party converted to common stock 500
Accrued interest net of tax converted to common stock 4
Disposal of fully depreciated property and equipment 711
Inventory transferred with sale of assets 106
Property and equipment, net, transferred with sale of assets 109
Notes receivable received in connection with sale of assets 1,500
Accounts payable related to sale of assets 17
Other accrued liabilities transferred with sale of assets 236
Cash 3,399 8,096
Restricted cash 13
Cash and restricted cash shown in the condensed statements of cash flows $ 3,399 $ 8,109