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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS, UNAUDITED - USD ($)
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Cash flows from Operating Activities    
Net loss $ (781,000) $ (9,674,000)
Adjustments to reconcile net loss to net cash used in operating activities:    
Fair value of vested stock options and warrants 185,000 6,649,000
Fair value of common stock issued for services 0 1,403,000
Fair value of common stock issued as compensation 0 240,000
Amortization of debt discount 5,000 46,000
Accrued interest expense 39,000 57,000
Depreciation and amortization 0 0
Changes in operating assets and liabilities:    
Prepaid expenses and other current assets 2,000 (29,000)
Accounts payable and accrued expenses 82,000 93,000
Accounts payable – license agreements 0 59,000
Net cash used in operating activities (468,000) (1,156,000)
Cash flows from financing activities    
Net proceeds from exercise of warrants 495,000 216,000
Net proceeds from issuance of convertible notes and warrants 0 1,326,000
Principal payment on PPP loan payable 0 (10,000)
Net cash provided by financing activities 495,000 1,532,000
Net increase in cash 27,000 376,000
Cash, beginning of period 6,000 150,000
Cash, end of period 33,000 526,000
Cash paid during the year for:    
Interest 0 0
Income Taxes 1,600 1,600
Non-cash investing and financing activities    
Conversion of convertible notes and accrued interest into common stock 196,000 2,345,000
Cashless exercise of warrants applied to settlement of accounts payable 5,000 71,000
Relative fair value of warrants issued with convertible notes $ 0 $ 782,000

Source

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