Current report

Consolidated Statements of Cash Flows (Unaudited)

v3.25.2
Consolidated Statements of Cash Flows (Unaudited) - USD ($)
 3 Months Ended 12 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Dec. 31, 2024
Dec. 31, 2023
CASH FLOWS FROM OPERATING ACTIVITIES        
Net loss $ (2,372,000) $ (2,483,000) $ (9,826,000) $ (9,289,000)
Adjustments to reconcile net loss to net cash used in operating activities:        
Stock-based compensation 192,000 213,000 818,000 1,020,000
Net change in fair value of trading marketable securities 0 (106,000) (282,000) (641,000)
Non-cash lease expense 8,000 8,000 33,000 40,000
Prepaid expenses and other current assets (9,000) (5,000) 457,000 430,000
Changes in operating assets and liabilities:        
Deferred offering costs (424,000) 0    
Accounts payable and accrued liabilities 800,000 (624,000) 449,000 296,000
Accounts payable - related parties (38,000) 53,000 31,000 (23,000)
Advances from investors 236,000 0    
Fixed cash payments related to operating leases (8,000) (8,000) (30,000) (40,000)
Net cash used in operating activities (1,597,000) (2,942,000) (8,350,000) (8,207,000)
CASH FLOWS FROM INVESTING ACTIVITIES        
Investment in trading marketable securities 0 (481,000) (481,000) (13,685,000)
Proceeds from disposition of marketable securities 0 1,750,000 8,250,000 15,680,000
Proceeds from disposition of available-for-sale securities     0 1,512,000
Net cash provided by investing activities 0 1,269,000 7,769,000 3,507,000
CASH FLOWS FROM FINANCING ACTIVITIES        
Proceeds from issuance of common shares for cash, net 0 55,000 112,000 567,000
Net cash provided by financing activities 0 55,000 112,000 567,000
Effect of exchange rate changes on cash 5,000 (2,000) (8,000) 60,000
Net change in cash and cash equivalents (1,592,000) (1,620,000) (477,000) (4,073,000)
Cash and cash equivalents - beginning of period 2,338,000 2,815,000 2,815,000 6,888,000
Cash and cash equivalents - end of period 746,000 1,195,000 2,338,000 2,815,000
Supplemental Cash Flow Information        
Cash paid for interest 0 0 0 0
Cash paid for income taxes 0 0 0 0
NON-CASH FINANCING AND INVESTING ACTIVITIES:        
Initial recognition of the right-of-use asset and lease liability $ 0 $ 111,000 $ 111,000 $ 0