Quarterly report [Sections 13 or 15(d)]

CONDENSED STATEMENTS OF CASH FLOWS (Unaudited)

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CONDENSED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Cash flows from operating activities:    
Net loss $ (1,252) $ (3,153)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 5
Other (2)
Changes in operating assets and liabilities:    
Notes receivable 1,000
Receivables 8
Prepaid expenses and other current assets (75) (21)
Accounts payable 16 8
Deferred grant revenue (12)
Other accrued liabilities (236) (514)
Net cash used in operating activities (1,547) (2,681)
Cash flows from financing activities:    
Payments on behalf of related party (81)
Proceeds from issuance of preferred stock 1,600
Net cash provided by financing activities 1,519
Net decrease in cash (28) (2,681)
Cash at beginning of period 2,831 6,773
Cash at end of period 2,803 4,092
Supplemental cash flow information:    
Interest paid 13
Supplemental non-cash flow information:    
Note payable to related party converted to common stock 500
Issuance of common stock upon conversion of preferred stock 2,196
Accrued interest net of tax converted to common stock 5
Disposal of fully depreciated property and equipment $ 711