Quarterly report [Sections 13 or 15(d)]

Consolidated Statements of Cash Flows (Unaudited)

v3.25.1
Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
CASH FLOWS FROM OPERATING ACTIVITIES    
Net loss $ (2,372) $ (2,483)
Adjustments to reconcile net loss to net cash used in operating activities:    
Stock-based compensation 192 213
Net change in fair value of trading marketable securities 0 (106)
Non-cash lease expense 8 8
Changes in operating assets and liabilities:    
Prepaid expenses and other current assets 9 5
Deferred offering costs (424) 0
Accounts payable and accrued liabilities 800 (624)
Accounts payable - related parties (38) 53
Advances from investors 236 0
Fixed cash payments related to operating leases (8) (8)
Net cash used in operating activities (1,597) (2,942)
CASH FLOWS FROM INVESTING ACTIVITIES    
Investment in trading marketable securities 0 (481)
Proceeds from disposition of marketable securities 0 1,750
Net cash provided by investing activities 0 1,269
CASH FLOWS FROM FINANCING ACTIVITIES    
Proceeds from issuance of common shares for cash, net 0 55
Net cash provided by financing activities 0 55
Effect of exchange rate changes on cash 5 (2)
Net change in cash and cash equivalents (1,592) (1,620)
Cash and cash equivalents - beginning of period 2,338 2,815
Cash and cash equivalents - end of period 746 1,195
Supplemental Cash Flow Information    
Cash paid for interest 0 0
Cash paid for income taxes 0 0
NON-CASH FINANCING AND INVESTING ACTIVITIES:    
Initial recognition of the right-of-use asset and lease liability $ 0 $ 111