Annual report [Section 13 and 15(d), not S-K Item 405]

STATEMENTS OF CASH FLOWS

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STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Cash flows from operating activities:    
Net loss $ (4,706) $ (5,569)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 5 112
Gain on sale of assets (1,755)
Stock-based compensation 1,013
Amortization of restricted stock 25
Other (2) (2)
Changes in operating assets and liabilities:    
Receivables, net 46 (10)
Notes receivable 1,000
Prepaid expenses and other current assets 169 177
Accounts payable (145) (476)
Other accrued liabilities (235) (423)
Deferred grant revenue (12) (184)
Net cash used in operating activities (3,880) (7,092)
Cash flows from investing activities:    
Cash proceeds from sale of assets 734
Purchases of furniture and equipment (2)
Net cash provided by investing activities 732
Cash flows from financing activities:    
Proceeds from issuance of preferred stock 9,500
Payments on behalf of related party (62)
Proceeds from short-term loans 750
Payments on short-term loans (250)
Net cash provided by (used in) financing activities (62) 10,000
Net change in cash and restricted cash (3,942) 3,640
Cash and restricted cash at beginning of year 6,773 3,133
Cash and restricted cash at end of year 2,831 6,773
Supplemental disclosure of cash flow information:    
Interest paid 13 21
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 1,000
Note payable converted to common stock 500
Other accrued liabilities transferred with sale of assets 236
Accrued interest net of tax converted to common stock 4
Other accrued liabilities related to stock-based compensation 310
Cash 2,831 6,760
Restricted cash 13
Cash and restricted cash as shown in the statements of cash flows $ 2,831 $ 6,773