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

Consolidated Statements of Cash Flows

v3.26.1
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Cash Flows from Operating Activities:    
Net loss $ (33,887) $ (38,243)
Adjustments to reconcile net loss to net cash used in operating activities:    
Stock-based compensation expense 9,190 5,292
Depreciation expense 173 197
Amortization of right-of-use assets 648 614
Changes in operating assets and liabilities:    
Prepaid expenses and other current assets 219 (15)
Accounts payable and accrued expenses (346) (387)
Operating lease liabilities (577) (530)
Net Cash Used In Operating Activities (24,580) (33,072)
Cash Flows Used in Investing Activities:    
Purchase of property and equipment (104) (11)
Net Cash Used In Investing Activities (104) (11)
Cash Flows From Financing Activities:    
Payments on finance leases (10) (9)
Proceeds from sales of shares of common stock, net of offering costs 29,255
Restricted stock units withheld to cover tax obligations (207)
Proceeds from the exercise of stock options 75
Net Cash (Used In) Provided By Financing Activities (217) 29,321
Effect of foreign currency rates on cash 6
Net Change in Cash, Cash Equivalents and Restricted Cash (24,895) (3,762)
Cash, cash equivalents and restricted cash at beginning of year 73,228 76,990
Cash, Cash Equivalents and Restricted Cash at End of Year 48,333 73,228
Supplemental Disclosure of Non-cash Investing and Financing Activities:    
Right-of-use assets obtained in exchange for lease liabilities $ 708