v3.25.1
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Cash flow from operating activities:    
Net loss $ (10,330) $ (8,499)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation 258 145
Stock-based compensation expense 850 717
Issuance of common stock to vendor 253 55
Right-of-use asset amortization 268 263
Gain/(loss) on foreign currency transactions 647 (1,120)
Transaction costs allocable to warrants   198
Change in fair value of the warrant liability (672) (465)
Change in operating assets and liabilities:    
Accounts receivable 269 (231)
Research and development tax credit receivable 84 562
Prepaid expenses and other assets (33) 70
Accounts payable and accrued expenses 504 459
Lease liabilities (281) (266)
Income tax payable   (23)
Other current liabilities 87 98
Net cash used in operating activities (8,096) (8,037)
Cash flows from investing activities:    
Purchases of property, plant and equipment (75) (18)
Net cash used by investing activities (75) (18)
Cash flow from financing activities:    
Proceeds from the issuance of preferred stock in private placement   12,386
Proceeds from the issuance of warrants in private placement   1,763
Payment of issuance costs (1,142) (1,483)
Proceeds from the exercise of warrants 24 25
Net cash provided by financing activities 6,532 12,691
Effect of exchange rate changes on cash (56) (35)
Net change in cash (1,695) 4,601
Cash, beginning of period 8,836 4,235
Cash, end of period 7,141 8,836
Supplemental disclosure of cash and non-cash investing and financing activities    
Issuance of common shares for consulting services 253 55
Initial classification of fair value of warrants   1,837
Right-of-use asset and lease liability additions 82 $ 50
Private placement    
Cash flow from financing activities:    
Proceeds from the issuance of common stock and warrants 3,300  
Public offering    
Cash flow from financing activities:    
Proceeds from the issuance of common stock and warrants $ 4,350  

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