Form 10-Q - Quarterly report [Sections 13 or 15(d)]

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 10-Q

x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the quarterly period ended September 30, 2024

o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the transition period from ________ to ________

Commission File Number: 001-37941

SENESTECH, INC.

(Exact name of registrant as specified in its charter)


Delaware						20-2079805
(State or other jurisdiction of incorporation or organization)						(I.R.S. Employer Identification No.)

777 W. Pinnacle Peak Road, Suite B104
Phoenix, AZ						85027
(Address of principal executive offices)						(Zip Code)

(928) 779-4143

(Registrant’s telephone number, including area code)

23460 N 19th Ave., Suite 110, Phoenix, AZ 85027

(Former name, former address and former fiscal year, if changed since last report)

Securities registered pursuant to Section 12(b) of the Act:

Title of each class

Trading Symbol(s)

Name of each exchange on which registered

Common Stock, $0.001 par value

SNES

The Nasdaq Stock Market LLC

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes x No o

Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). Yes x No o

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act.


Large accelerated filer	o	Accelerated filer	o
Non-accelerated filer	x	Smaller reporting company	x
Emerging growth company	o

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. o

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes o No x

The number of shares of common stock outstanding as of November 8, 2024: 1,033,644

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SENESTECH, INC.

FORM 10-Q

FOR THE QUARTERLY PERIOD ENDED SEPTEMBER 30, 2024

TABLE OF CONTENTS


	PART I — FINANCIAL INFORMATION
Item 1.	Financial Statements (unaudited)	1
	Condensed Balance Sheets	1
	Condensed Statements of Operations and Comprehensive Loss	2
	Condensed Statements of Cash Flows	3
	Notes to Condensed Financial Statements	4
Item 2.	Management’s Discussion and Analysis of Financial Condition and Results of Operations	16
Item 3.	Quantitative and Qualitative Disclosures About Market Risk	24
Item 4.	Controls and Procedures	24
	PART II — OTHER INFORMATION
Item 1.	Legal Proceedings	25
Item 1A.	Risk Factors	25
Item 5.	Other Information	25
Item 6.	Exhibits	25
	SIGNATURES	26

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PART I — FINANCIAL INFORMATION

Item 1. Financial Statements

SENESTECH, INC.

CONDENSED BALANCE SHEETS

(In thousands, except shares and per share data)


	September 30, 2024		December 31, 2023
ASSETS	(unaudited)
Current assets:
Cash and cash equivalents	$	2,518	$	5,395
Accounts receivable, net	214		95
Prepaid expenses and other current assets	360		388
Inventory, net	880		795
Total current assets	3,972		6,673
Right to use assets, operating leases	39		210
Property and equipment, net	380		388
Other noncurrent assets	58		22
Total assets	$	4,449	$	7,293
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current liabilities:
Accounts payable	$	128	$	150
Accrued expenses	394		368
Current portion of operating lease liability	41		217
Current portion of notes payable	53		33
Deferred revenue	12		18
Total current liabilities	628		786

Notes payable, less current portion	170		156
Total liabilities	798		942
Commitments and contingencies (see notes)
Stockholders’ equity:
Preferred stock, $0.001 par value, 10,000,000 shares authorized, none issued and outstanding	—		—
Common stock, $0.001 par value, 100,000,000 shares authorized, 1,020,842 shares issued and 1,012,549 shares outstanding as of September 30, 2024 and 514,003 shares issued and outstanding as of December 31, 2023	1		1
Additional paid-in capital	138,492		136,263
Accumulated deficit	(134,842)		(129,913)
Total stockholders’ equity	3,651		6,351
Total liabilities and stockholders’ equity	$	4,449	$	7,293

See accompanying notes to condensed financial statements.

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SENESTECH, INC.

CONDENSED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS

(In thousands, except shares and per share data)

(Unaudited)


	Three Months Ended September 30,				Nine Months Ended September 30,
	2024		2023		2024		2023
Revenues, net	$	482	$	360	$	1,356	$	898
Cost of sales	167		184		657		488
Gross profit	315		176		699		410
Operating expenses:
Research and development	451		379		1,288		1,147
Selling, general and administrative	1,411		1,748		4,403		5,259
Total operating expenses	1,862		2,127		5,691		6,406
Loss from operations	(1,547)		(1,951)		(4,992)		(5,996)
Other income (expense):
Interest income	11		4		48		19
Interest expense	(6)		—		(15)		—
Miscellaneous income	29		—		30		—
Other income, net	34		4		63		19
Net loss and comprehensive loss	$	(1,513)	$	(1,947)	$	(4,929)	$	(5,977)
Weighted average shares outstanding - basic and diluted	729,400		34,805		586,628		25,315
Net loss per share - basic and diluted	$	(2.07)	$	(55.93)	$	(8.40)	$	(236.10)

See accompanying notes to condensed financial statements.

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SENESTECH, INC.

CONDENSED STATEMENTS OF CASH FLOWS

(In thousands)

(Unaudited)


	Nine Months Ended September 30,
	2024		2023
Cash flows from operating activities:
Net loss	$	(4,929)	$	(5,977)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation and amortization	115		104
Stock-based compensation	246		467
Bad debt expense	2		(4)


Gain on sale of property and equipment	(28)		—
Changes in operating assets and liabilities:
Accounts receivable	(121)		34

Prepaid expenses and other current assets	28		(7)
Inventory	(85)		150
Other assets	(41)		(3)
Accounts payable	(22)		(393)
Accrued expenses	26		111
Deferred revenue	(6)		(29)
Net cash used in operating activities	(4,815)		(5,547)

Cash flows from investing activities:
Purchase of property and equipment	(69)		(114)
Proceeds received from sale of property and equipment	28		—
Net cash used in investing activities	(41)		(114)

Cash flows from financing activities:
Proceeds from the exercise of warrants, net	1,983		—
Proceeds from issuances of common stock, net	—		2,998
Proceeds from issuance of notes payable	25		44
Repayments of notes payable	(29)		—

Payment of employee withholding taxes related to share based awards	—		(11)
Net cash provided by financing activities	1,979		3,031

Decrease in cash and cash equivalents	(2,877)		(2,630)
Cash and cash equivalents, beginning of period	5,395		4,775
Cash and cash equivalents, end of period	$	2,518	$	2,145

Supplemental cash flow information is as follows:
Interest paid	$	15	$	—
Income taxes paid	$	—	$	—
Non-cash investing and financing activities:

Note payable incurred for the purchase of certain equipment	38		10

See accompanying notes to condensed financial statements.

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SENESTECH, INC.

NOTES TO CONDENSED FINANCIAL STATEMENTS

(Unaudited)

NOTE 1: BASIS OF PRESENTATION

Nature of Business

SenesTech, Inc. (subsequently referred to in this report as “we,” “us,” “our,” or “our company”) was incorporated in the state of Nevada in July 2004. On November 12, 2015, we subsequently reincorporated in the state of Delaware. Our corporate headquarters and manufacturing site are in Phoenix, Arizona. We have developed and are commercializing a global, proprietary technology for managing animal pest populations, initially rat and mouse populations, through fertility control. Our current products are known as ContraPest®, EvolveTM and Evolve Mouse.

Our initial product ContraPest is a liquid bait containing the active ingredients 4-vinylcyclohexene diepoxide and triptolide. ContraPest limits reproduction of male and female rats beginning with the first breeding cycle following consumption. ContraPest is being marketed for use in controlling Norway and roof rat populations. In addition to the U.S. Environmental Protection Agency (“EPA”) registration of ContraPest, we must obtain registration from the various state regulatory agencies prior to selling in each state. To date, we have received registration for ContraPest in all 50 states and the District of Columbia (49 such states and the District of Columbia have approved the removal of the Restricted Use designation), as well as two major U.S. territories, Puerto Rico and The U.S. Virgin Islands.

In January 2024, we launched Evolve, which is a soft bait containing the active ingredient cottonseed oil. Evolve limits reproduction of male and female rats beginning with the first breeding cycle following consumption. Evolve is considered a minimum risk pesticide under the EPA Federal Insecticide, Fungicide, and Rodenticide Act (“FIFRA”), Section 25(b). We must obtain registration from the various state regulatory agencies that do not accept the federal exemption. To date, we are authorized to sell Evolve in 45 states, and two major U.S. territories, Puerto Rico and The U.S. Virgin Islands.

In May 2024, we launched our latest product Evolve Mouse, a modified version of our soft bait technology containing the active ingredient cottonseed oil. Evolve Mouse limits reproduction of male and female mice after one to two breeding cycles following consumption. Evolve Mouse is also considered a minimum risk pesticide under the EPA’s FIFRA, Section 25(b). We must obtain registration from the various state regulatory agencies that do not accept the federal exemption. To date, we are authorized to sell Evolve Mouse in 34 states, with an additional state authorized effective January 1, 2025.

Going Concern

Our condensed financial statements as of September 30, 2024 were prepared under the assumption that we would continue as a going concern. The reports of our independent registered public accounting firm that accompanies our financial statements for each of the years ended December 31, 2023 and December 31, 2022 contain a going concern qualification in which such firm expressed substantial doubt about our ability to continue as a going concern, based on the financial statements at that time. Specifically, we have incurred operating losses since our inception, and we expect to continue to incur significant expenses and operating losses for the foreseeable future. These prior losses and expected future losses have had, and will continue to have, an adverse effect on our financial condition. If we encounter continued issues or delays in the commercialization of fertility control products, our expected future losses could have an adverse effect on our financial condition and negatively impact our ability to fund continued operations, obtain additional financing in the future and continue as a going concern. There are no assurances that such financing, if necessary, will be available to us at all or will be available in sufficient amounts or on reasonable terms. Our financial statements do not include any adjustments that may result from the outcome of this uncertainty. If we are unable to generate additional funds in the future through additional financings, sales of our products, licensing fees, royalty payments or from other sources or transactions, we will exhaust our resources and will be unable to continue operations.

Liquidity and Capital Resources

Since our inception, we have sustained significant operating losses in the course of our research and development and commercialization activities and expect such losses to continue for the near future. We have generated limited revenue to date from product sales, research grants and licensing fees received under a former license agreement. We have primarily funded our operations to date through the sale of equity securities, including convertible preferred stock, common stock and warrants to purchase common stock.

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We have also raised capital through debt financing, consisting primarily of convertible notes and government loan programs, and, to a lesser extent, payments received in connection with product sales, research grants and licensing fees.

As of September 30, 2024, we had an accumulated deficit of $134.8 million and cash and cash equivalents of $2.5 million.

Our ultimate success depends upon the outcome of a combination of factors, including the following: (i) successful commercialization of fertility control products and maintaining and obtaining regulatory approval of our products and product candidates; (ii) market acceptance, commercial viability and profitability of fertility control products and other products; (iii) the ability to market our products and establish an effective sales force and marketing infrastructure to generate significant revenue; (iv) the success of our research and development; (v) the ability to retain and attract key personnel to develop, operate and grow our business; and (vi) our ability to meet our working capital needs.

While we have evaluated and continue to evaluate our operating expenses and concentrate our resources toward the successful commercialization of fertility control products in the United States, additional financing will be needed before achieving anticipated revenue targets and margin targets. If we are unable to raise necessary capital through the sale of our securities, we may be required to take other measures that could impair our ability to be successful and operate as a going concern. In any event, additional capital is needed in order to fund our operating losses and research and development activities before we become profitable. We may never achieve profitability or generate positive cash flows, and unless and until we do, we will continue to need to raise capital through equity or debt financing. If such equity or debt financing is not available at adequate levels or on acceptable terms, we may need to delay, limit or terminate commercialization and development efforts or discontinue operations.

Reverse Stock Split

On July 23, 2024, we amended our amended and restated certificate of incorporation to effect a 1-for-10 reverse split of our issued and outstanding shares of common stock. The accompanying financial statements and notes thereto give retrospective effect to the reverse stock split for all periods presented. All issued and outstanding common stock, options and warrants exercisable for common stock and per share amounts contained in our financial statements have been retrospectively adjusted.

Condensed Financial Statements

Our accompanying unaudited condensed financial statements have been prepared pursuant to the rules and regulations of the Securities and Exchange Commission (“SEC”) for interim financial reporting. Certain information and footnote disclosures normally included in the annual financial statements prepared in accordance with the U.S. generally accepted accounting principles (“U.S. GAAP”) have been condensed or omitted pursuant to such rules and regulations. In our opinion, the unaudited condensed financial statements include all material adjustments, all of which are of a normal and recurring nature, necessary to present fairly our financial position as of September 30, 2024, and our operating results and cash flows for the nine month periods ended September 30, 2024 and 2023. The accompanying financial information as of December 31, 2023 is derived from audited financial statements. Interim results are not necessarily indicative of results for a full year. The information included in this Quarterly Report on Form 10-Q should be read in conjunction with our Annual Report on Form 10-K for the year ended December 31, 2023, filed with the SEC on February 21, 2024.

Recent Accounting Pronouncements

There have been no new accounting pronouncements not yet effective or adopted in the current year that we believe have a significant impact, or potential significant impact, to our condensed financial statements.

Use of Estimates

The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts and classification of assets and liabilities, disclosure of contingent assets and liabilities at the date of the financial statements and reported amounts of revenues and expenses during the reporting period.

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The significant estimates in our financial statements include the valuation of inventory, common stock warrants, and stock-based awards, such as stock options and restricted stock units. Actual results could differ from such estimates.

Advertising Costs

Advertising costs are expensed as incurred and were $58,000 and $57,000 for the three months ended September 30, 2024 and 2023, respectively, and $180,000 and $147,000 for the nine months ended September 30, 2024 and 2023, respectively.

Comprehensive Loss

We have no other comprehensive income items for the periods presented. As a result, our net loss and comprehensive loss were the same for the periods presented, and a separate statement of comprehensive loss is not included in the accompanying condensed financial statements.

NOTE 2: BALANCE SHEET COMPONENTS

Cash and Cash Equivalents

Highly liquid investments with maturities of three months or less as of the date of acquisition are classified as cash equivalents, of which we had $2.5 million and $5.4 million as of September 30, 2024 and December 31, 2023, respectively, included within cash and cash equivalents in the condensed balance sheets.

Accounts Receivable, Net

Accounts receivable, net consisted of the following (in thousands):


	September 30, 2024		December 31, 2023
Accounts receivable	$	218	$	99
Allowance for uncollectible accounts	(4)		(4)
Accounts receivable, net	$	214	$	95

The following was the activity in the allowance for uncollectible accounts (in thousands):


	Three Months Ended September 30,				Nine Months Ended September 30,
	2024		2023		2024		2023
Balance as of beginning of period	$	4	$	4	$	4	$	6
Increase in provision	—		2		—		2
Amounts written off, less recoveries	—		(4)		—		(6)
Balance as of end of period	$	4	$	2	$	4	$	2

Inventory, net

Inventory, net consisted of the following (in thousands):


	September 30, 2024		December 31, 2023
Raw materials	$	765	$	747

Finished goods	115		53
Total inventory	880		800
Less: reserve for obsolescence	—		(5)
Inventory, net	$	880	$	795

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The following was the activity in the reserve for obsolescence (in thousands):


	Three Months Ended September 30,				Nine Months Ended September 30,
	2024		2023		2024		2023
Balance as of beginning of period	$	—	$	18	$	5	$	18
Increase in reserve	—		—		—		—
Amounts relieved	—		—		(5)		—
Balance as of end of period	$	—	$	18	$	—	$	18

Prepaid Expenses and Other Current Assets

Prepaid expenses and other current assets consisted of the following (in thousands):


	September 30, 2024		December 31, 2023
Equity offering costs	$	132	$	—
Software licenses	82		152
Insurance	52		64
Professional services	30		30


Rent	29		11
Prepaid inventory	—		111

Other	35		20
Total prepaid expenses and other current assets	$	360	$	388

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Property and Equipment, Net

Property and equipment, net consisted of the following (in thousands):


	September 30, 2024		December 31, 2023
Research and development equipment	$	1,801	$	1,763
Office and computer equipment	494		808
Autos	54		54
Furniture and fixtures	46		41
Leasehold improvements	152		141
Total in service	2,547		2,807
Accumulated depreciation and amortization	(2,201)		(2,419)
Total in service, net	346		388
Construction in progress	34		—
Property and equipment, net	$	380	$	388

Accrued Expenses

Accrued expenses consisted of the following (in thousands):


	September 30, 2024		December 31, 2023
Compensation and related benefits	$	377	$	232
Legal and consulting professional services	14		121
Product warranty	3		15


Total accrued expenses	$	394	$	368

Notes Payable

We have financing arrangements related to the purchase of certain equipment. The notes payable for that certain equipment have a weighted average annual interest rate of 9.8% with a term of five years and are secured by the underlying equipment.

As of September 30, 2024, future principal payments were as follows (in thousands):


2024	$	13
2025	54
2026	60
2027	49
2028	44
Thereafter	3
Total principal payments	223
Less: current portion of notes payable	(53)
Notes payable, less current portion	$	170

NOTE 3: FAIR VALUE MEASUREMENTS

The carrying amounts of our financial instruments, including accounts payable and accrued liabilities, approximate fair value due to their short maturities. Notes payable are recorded at amortized cost, which approximates fair value.

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NOTE 4: LEASES

In August, we entered into an operating lease for a new location for our corporate headquarters and manufacturing and research operations, which commences in April 2025, when we take physical possession, and expires in 2035. Our current operating lease for our corporate headquarters expires in 2024.

The components of lease cost were as follows (in thousands):


	Three Months Ended September 30,				Nine Months Ended September 30,
	2024		2023		2024		2023
Operating lease cost	$	57	$	55	$	170	$	166

As of September 30, 2024, maturities of operating lease liabilities were as follows (in thousands):


2024	$	41





Total operating lease payments	41
Less: imputed interest	—
Total operating lease liabilities	$	41

NOTE 5: STOCK-BASED COMPENSATION

In 2018, our stockholders approved the adoption of the SenesTech, Inc. 2018 Equity Incentive Plan (the “2018 Plan”), which provides for the issuance of stock-based instruments, such as stock options or restricted stock units, to employees or consultants as deemed appropriate. The 2018 Plan has since been amended and restated on certain occasions, most recently on July 11, 2024, when our stockholders approved an increase to the total number of authorized shares to 207,071 shares.

Currently, only stock options are outstanding under the 2018 Plan, which are generally issued with a per share exercise price equal to the fair market value of our common stock at the date of grant. Options granted generally vest ratably over a 12- to 36-month period coinciding with their respective service periods, with terms generally of ten years. Certain stock option awards provide for accelerated vesting upon a change in control.

We have 60,008 shares of common stock available for issuance under the 2018 Plan, which reflects the increase to the total number of authorized shares of 200,000 shares approved by our stockholders on July 11, 2024.

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The following table presents the outstanding stock option activity:


	Number of Options		Weighted Average Exercise Price Per Share		Weighted Average Remaining Contractual Term (years)
Three months ended September 30, 2024:
Outstanding as of June 30, 2024	4,533		$	899.48	3.8
Granted	143,312		2.81		9.9


Expired	(9)		45,013.33		—
Outstanding as of September 30, 2024	147,836	(1)	27.56		9.7
Nine months ended September 30, 2024:
Outstanding as of December 31, 2023	3,643		1,197.00		4.0
Granted	144,204		2.83		9.9

Forfeited	(2)		1,965.36		3.0
Expired	(9)		45,013.33		—
Outstanding as of September 30, 2024	147,836	(1)	27.56		9.7
Exercisable as of September 30, 2024	6,274		557.32		5.8

(1) Includes options related to 823 shares that are inducement awards and not granted under the 2018 Plan.

The weighted average grant date fair value of options granted during the nine months ended September 30, 2024 was $2.73 per share based on the following assumptions used in the Black-Scholes option pricing model:


Expected volatility	128.0	%
Expected dividend yield	—
Expected term (in years)	10
Risk-free interest rate	3.83	%

The expected volatility assumption is based on the calculated volatility of our common stock at the date of grant based on historical prices over the most recent period commensurate with the term of the award. The expected dividend yield assumption is based on our history and expected dividend payouts: we have not, and do not expect to, pay dividends. The expected term assumption is the contractual term of the options for non-employees. The risk-free interest rate assumption is determined using the U.S. treasury yields for bonds with a maturity commensurate with the term of the award.

The stock-based compensation expense was recorded as follows (in thousands):


	Three Months Ended September 30,				Nine Months Ended September 30,
	2024		2023		2024		2023
Research and development	$	5	$	3	$	13	$	12
Selling, general and administrative (1)	68		128		233		455
Total stock-based compensation expense	$	73	$	131	$	246	$	467

(1) Includes $44,000 and $100,000 related to stock issued in exchange for marketing services for the three and nine month periods ended September 30, 2023.

The allocation between research and development and selling, general and administrative expense was based on the department and services performed by the employee or non-employee.

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At September 30, 2024, the total compensation cost related to unvested options not yet recognized was $439,000, which will be recognized over a weighted average period of 2.0 years, assuming the employees and non-employees complete their service period required for vesting.

NOTE 6: STOCKHOLDERS’ EQUITY

Activity in equity during the nine month periods ended September 30, 2024 and 2023 was as follows (dollars in thousands):


	Common Stock			Additional Paid-In Capital		Accumulated Deficit		Total

	Shares	Amount
2024
Balances as of December 31, 2023	514,003	$	1	$	136,263	$	(129,913)	$	6,351
Stock-based compensation	—	—		85		—		85
Issuance of common stock upon exercise of warrants	460	—		6		—		6


Net loss	—	—		—		(1,832)		(1,832)
Balances as of March 31, 2024	514,463	1		136,354		(131,745)		4,610
Stock-based compensation	—	—		88		—		88


Issuance of common stock for fractional shares in the 10:1 reverse stock split	877	—		—		—		—
Net loss	—	—		—		(1,584)		(1,584)
Balances as of June 30, 2024	515,340	1		136,442		(133,329)		3,114
Stock-based compensation	—	—		73		—		73

Issuance of common stock upon exercise of warrants, net	505,502	—		1,977		—		1,977
Net loss	—	—		—		(1,513)		(1,513)
Balances as of September 30, 2024	1,020,842	$	1	$	138,492	$	(134,842)	$	3,651
2023
Balances as of December 31, 2022	6,748	$	—	$	127,482	$	(122,203)	$	5,279
Stock-based compensation	—	—		166		—		166
Issuance of common stock upon exercise of warrants	10,250	—		—		—		—
Issuance of shares pursuant to the vesting of restricted stock units, net of shares withheld for taxes	111	—		(11)		—		(11)
Issuance of common stock for service	454	—		100		—		100
Net loss	—	—		—		(2,037)		(2,037)
Balances as of March 31, 2023	17,563	—		127,737		(124,240)		3,497
Stock-based compensation	—	—		113		—		113
Issuance of common stock, net of issuance costs	7,143	—		1,210		—		1,210

Net loss	—	—		—		(1,993)		(1,993)
Balances as of June 30, 2023	24,706	—		129,060		(126,233)		2,827
Stock-based compensation	—	—		88		—		88

Issuance of common stock upon exercise of warrants, net	2,625	—		1,788		—		1,788
Net loss	—	—		—		(1,947)		(1,947)
Balances as of September 30, 2023	27,331	$	—	$	130,936	$	(128,180)	$	2,756

In August 2024, we issued 505,502 shares pursuant to the exercise of warrants. Certain warrant holders were induced to exercise warrants by reducing the exercise price to the then current market price of our common stock (the “Warrant Inducement”). The original warrants consisted of 48,911 shares issued August 24, 2023 with an exercise price of $86.40 per share and a weighted average remaining life of 2.1 years (the “August 2023 Original Warrants”) and 456,591 shares issued November 29, 2023 with an exercise price of $13.00 per share and a weighted average remaining life of 2.5 years (the “November 2023 Original Warrants”) (collectively, the “Original Warrants”). The Original Warrants were exercised

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for $4.60 per share for gross proceeds of $2.3 million, before deducting $340,000 of issuance costs. Of the 505,502 shares issued, 8,293 shares were held in abeyance as of September 30, 2024 and not considered outstanding until certain conditions are met, at which time such shares will become outstanding. The balance of the shares in abeyance will be held in abeyance until notice from the stockholder that the balance, or portion thereof, may be issued in compliance with a beneficial ownership limitation provision in the warrants. Such shares were released from abeyance in October.

In connection with the Warrant Inducement transaction, new warrants to purchase 1,036,279 shares of our common stock were issued, which are discussed in Note 7.

In June 2024, we entered into an at-the-market offering arrangement with a sales agent, pursuant to which we may offer and sell, from time to time at our sole discretion, in transactions that are deemed to be “at the market” offerings under the Securities Act of 1933, as amended (the “Securities Act”), shares of our common stock for aggregate gross proceeds of up to $1,575,944 (“ATM Facility”). The offer and sale of shares will be made pursuant to a previously filed shelf registration statement on Form S-3 (Registration no. 333-261227), originally filed with the SEC on November 19, 2021 and amended on May 4, 2022, and declared effective by the SEC on May 6, 2022, and the related prospectus supplement related to the offering of shares dated June 20, 2024, and filed with the SEC on such date pursuant to Rule 424(b) under the Securities Act. As of September 30, 2024, we have not sold any shares under this ATM Facility and there are 315,189 shares of common stock reserved for potential issuance under the ATM Facility.

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NOTE 7: COMMON STOCK WARRANTS

The following table presents the common stock warrant activity:


Issue Date	Warrant Type	Term Date	Exercise Price		Balance December 31, 2023	Issued	Exercised	Expired	Balance September 31, 2024
July 2019	Dealer Manager	July 2024	$	81,000.00	3	—	—	(3)	—
January 2020	Registered Direct Offering	July 2025	$	21,600.00	60	—	—	—	60
January 2020	Dealer Manager	July 2025	$	24,000.00	4	—	—	—	4
March 2020	Dealer Manager	March 2025	$	9,015.12	4	—	—	—	4
April 2020	Dealer Manager	April 2025	$	9,528.00	47	—	—	—	47
April 2020	Registered Direct Offering	April 2025	$	7,320.00	20	—	—	—	20
October 2020	Dealer Manager	April 2026	$	5,174.40	34	—	—	—	34
February 2021	Private Placement Agreement	August 2026	$	5,318.40	540	—	—	—	540
February 2021	Dealer Manager	August 2026	$	6,835.40	136	—	—	—	136
March 2021	Dealer Manager	March 2026	$	6,000.00	60	—	—	—	60
November 2022	Dealer Manager	November 2027	$	525.000	892	—	—	—	892
April 2023	Series C	October 2028	$	194.40	7,142	—	—	—	7,142
April 2023	Dealer Manager	April 2028	$	262.50	534	—	—	—	534
August 2023	Private Inducement	September 2024	$	86.42	23,810	—	(23,810)	—	—
August 2023	Private Inducement	August 2028	$	86.42	25,101	—	(25,101)	—	—
August 2023	Dealer Manager	August 2028	$	108.04	1,222	—	—	—	1,222
November 2023	Series D	November 2028	$	13.00	381,615	—	(230,589)	—	151,026
November 2023	Series E	May 2025	$	13.00	307,460	—	(226,462)	—	80,998
November 2023	Dealer Manager	November 2028	$	16.25	28,844	—	—	—	28,844
August 2024	Series F-1	August 2029	$	4.35	—	571,318	—	—	571,318
August 2024	Series F-2	February 2026	$	4.35	—	439,686	—	—	439,686
August 2024	Dealer Manager	August 2029	$	5.75	—	25,275	—	—	25,275
					777,528	1,036,279	(505,962)	(3)	1,307,842


	Shares	Weighted Average Exercise Price Per Share		Weighted Average Remaining Contractual Term (years)
Outstanding as of December 31, 2023	777,528	$	29.53	3.4
Issued	1,036,279	4.38		3.4
Exercised	(505,962)	4.61		—
Expired	(3)	81,000.00		—
Outstanding as of September 30, 2024	1,307,842	12.63		3.3

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During the nine months ended September 30, 2024:

•In August, warrants were issued to the investors in the Warrant Inducement transaction discussed in Note 6 to purchase up to 1,011,004 shares of our common stock. These warrants are exercisable immediately with an exercise price of $4.35 per share, with 571,318 expiring August 23, 2029 (5-Year New Warrants) and 439,686 expiring February 23, 2026 (18-Month New Warrants). We estimated the fair value of the 5-Year New Warrants to be $1.9 million using a Black-Scholes model based on the following significant inputs: common stock price of $4.10 per share; volatility of 118%; term of 5 years; dividend yield of 0%; and risk-free rate of 3.6%. The fair value of the 18-Month New Warrants was estimated to be $1.2 million using the Black-Scholes model based on the following significant inputs: common stock price of $4.10 per share; volatility of 153%; term of 1.5 years; dividend yield of 0%; and risk-free rate of 4.1%.

•In August, placement agent warrants were issued to purchase up to 25,275 shares of our common stock. The placement agent warrants are exercisable immediately upon issuance, with an exercise price per share of $5.75 per share, and expire August 23, 2029. We estimated the fair value of these warrants to be $83,000 using a Black-Scholes model based on the following significant inputs: common stock price of $4.10 per share; volatility of 118%; term of 5 years; dividend yield of 0%;and risk-free interest rate of 3.6%.

•In August, the Original Warrants representing 505,502 shares of common stock were exercised for $4.60 per share. The terms of the Original Warrants were modified in order to induce exercise. See Warrant Inducement discussion in Note 6. The difference between the fair value of the warrants immediately prior to modification and immediately after modification was $386,000 using the Black-Scholes model based on the following significant inputs:

◦For the August 2023 Original Warrants related to 48,911 shares: common stock price of $4.10 per share; volatility of 151%; term of 2.1 years; dividend yield of 0%; and risk-free rate of 3.9%; and

◦For the November 2023 Original Warrants related to 456,591 shares: common stock price of $4.10 per share; volatility of 140%; term of 2.5 years; dividend yield of 0%; and risk-free rate of 3.8%.

•In January, warrants representing 460 shares of common stock were exercised with an exercise price of $13.00 per share.

NOTE 8: LOSS PER SHARE

Basic loss per share is calculated by dividing the net loss attributable to common stockholders by the weighted average number of common shares outstanding during the period, which includes prefunded warrants and shares held in abeyance from date of issuance. Diluted loss per share is computed by dividing the loss attributable to common stockholders by the weighted average number of common shares used in the basic loss per share calculation plus potentially dilutive securities outstanding during the period determined using the treasury stock method. Stock options and warrants are considered to be potentially dilutive securities but have been excluded from the calculation of diluted loss per share because their effect would be anti-dilutive given the net losses reported for all periods presented. Therefore, basic and diluted loss per share are the same for each period presented.

The following shares were excluded from the calculation of diluted net loss per share:


	Three Months Ended September 30,		Nine Months Ended September 30,
	2024	2023	2024	2023
Common stock warrants	—	25,938	370,326	327,751
Stock options	43,889	—	84,293	4,283

	43,889	25,938	454,619	332,034

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NOTE 9: SEGMENT INFORMATION

We operate in one segment: the formulation, development, marketing and sale of fertility control products for use in managing pest populations. We generate our revenue from six broad product markets: agribusiness, pest management, facilities management, industrial, consumer, and governmental agencies.

Geographic Information

Revenue by geographic region was as follows:


	Three Months Ended September 30,				Nine Months Ended September 30,
	2024		2023		2024		2023
United States	$	482	$	360	$	1,314	$	898
International	—		—		42		—



	$	482	$	360	$	1,356	$	898

Significant Customers

The percentage of revenue attributable to our distributors and to customers that represented 10% or more of revenue in at least one of the periods presented, was as follows:


	Three Months Ended September 30,				Nine Months Ended September 30,
	2024		2023		2024		2023
All distributors	41	%	19	%	41	%	12	%
Distributor A	6		6		10		3
Distributor B	14		—		8		—

The following accounts represented at least 10% of total accounts receivable in at least one of the periods presented:


	September 30, 2024		December 31, 2023
Distributor A	43	%	13	%
End customer A	—	%	19	%
End customer B	—	%	13	%

NOTE 10: SUBSEQUENT EVENTS

Since September 30, 2024, we have issued 12,802 shares of common stock pursuant to the ATM Financing for gross proceeds of $38,000.

We have evaluated subsequent events from the balance sheet date through November 12, 2024, the date at which the condensed financial statements were issued, and determined that there were no additional items that require adjustment to or disclosure in the condensed financial statements.

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Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations –

The following Management’s Discussion and Analysis of Financial Condition and Results of Operations should be read in conjunction with our condensed financial statements and related notes.

Forward-Looking Statements

The statements contained in this Quarterly Report on Form 10-Q that are not historical are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended (the “Securities Act”), and Section 21E of the Securities Exchange Act of 1934, as amended, (the “Exchange Act”). All statements other than statements of historical facts contained or incorporated herein by reference in this Quarterly Report on Form 10-Q, including statements regarding our future operating results, future financial position, business strategy, objectives, goals, plans, prospects, markets, and plans and objectives for future operations, are forward-looking statements. In some cases, you can identify forward-looking statements by terms such as “anticipates,” “believes,” “estimates,” “expects,” “intends,” “suggests,” “targets,” “contemplates,” “projects,” “predicts,” “may,” “might,” “plan,” “would,” “should,” “could,” “can,” “potential,” “continue,” “objective,” or the negative of those terms, or similar expressions intended to identify forward-looking statements. However, not all forward-looking statements contain these identifying words. Specific forward-looking statements in this Quarterly Report on Form 10-Q include statements regarding:

•our belief that Evolve and Evolve Mouse are considered a minimum risk pesticides under the United States Environmental Protection Agency’s (the “EPA’s”) Federal Insecticide, Fungicide, and Rodenticide Act (“FIFRA”), Section 25(b);

•our expectation that we will continue to incur significant expenses and operating losses for the foreseeable future;

•our expectation that cash and cash equivalents at September 30, 2024, in combination with anticipated revenue and any additional sales of our equity securities, will be sufficient to fund our current operations for at least the next four months;

•our expectation that significant expenses and operating losses will continue for the near future;

•our belief that additional financing will be needed before achieving anticipated revenue targets and margin targets;

•our belief that if we are unable to raise necessary capital through the sale of our securities, we may be required to take other measures that could impair our ability to be successful and operate as a going concern;

•our belief that we may require additional capital in order to fund our operating losses and research and development activities before we become profitable and may opportunistically raise capital;

•our ability to achieve profitability or generate positive cash flows;

•our expectation that we will incur substantial and increased expenses;

•our belief that if we encounter continued issues or delays in the commercialization of fertility control products, our expected future losses could have an adverse effect on our financial condition and negatively impact our ability to fund continued operations, obtain additional financing in the future and continue as a going concern;

•our ability to maximize market acceptance for, and generate sales of, our products, including by conducting field demonstrations for potential lead customers;

•our ability to explore into strategic partnerships to enable us to penetrate additional target markets and geographical locations;

•our ability to manage the infrastructure for sales, marketing and distribution of fertility control products and any other product candidates for which we may receive regulatory approval;

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•our ability to further develop our product offerings and manufacturing processes to contain costs while being able to scale to meet future demand of fertility control products and any other product candidates for which we receive regulatory approval;

•our ability to continue product development of fertility control products and advance our research and development activities and, as our operating budget permits, advance the research and development programs for other product candidates;

•our ability to maintain and protect our intellectual property portfolio;

•our ability to add operational, financial and management information systems and personnel, including personnel to support our product development and commercialization efforts and operations as a public company;

•our successful commercialization of fertility control products in the United States and internationally;

•our ability to maintain and obtain regulatory approval of our product and product candidates;

•our ability to retain and attract key personnel to develop, operate, and grow our business; and

•our ability to meet our working capital needs.

These forward-looking statements are not guarantees of future performance and involve known and unknown risks, uncertainties and situations that are difficult to predict and that may cause our own, or our industry’s, actual results to be materially different from the future results that are expressed or implied by these statements. Accordingly, actual results may differ materially from those anticipated or expressed in such statements as a result of a variety of factors, including those discussed in Item 1A-“Risk Factors” of Part I of our Annual Report on Form 10-K, for the year ended December 31, 2023, filed with the SEC on February 21, 2024, and those contained from time to time in our other filings with the SEC. A number of factors could cause our actual results to differ materially from those indicated by the forward-looking statements. Such factors include, among others, the following:

•the successful commercialization of our products;

•market acceptance of our products;

•our financial performance, including our ability to fund operations;

•our ability to maintain compliance with Nasdaq’s continued listing requirements;

•regulatory approval and regulation of our products; and

•other factors and risks identified from time to time in our filings with the SEC, including this Quarterly Report on Form 10-Q.

All forward-looking statements included herein are based on information available to us as of the date hereof and speak only as of such date. Except as required by law, we undertake no obligation to update any forward-looking statements to reflect events or circumstances after the date of such statements. The forward-looking statements contained in or incorporated by reference into this Quarterly Report on Form 10-Q reflect our views as of the date of this Quarterly Report on Form 10-Q about future events and are subject to risks, uncertainties, assumptions and changes in circumstances that may cause our actual results, performance or achievements to differ significantly from those expressed or implied in any forward-looking statement. Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee future events, results, performance or achievements.

We are subject to the information requirements of the Exchange Act, and we file or furnish reports, proxy statements and other information with the SEC. Such reports and other information we file with the SEC are available free of charge at www.senestech.com as soon as practicable after such reports are available on the SEC’s website at www.sec.gov. The SEC’s website contains reports, proxy and information statements, and other information regarding issuers that file electronically with the SEC.

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Overview

Since our inception, we have sustained significant operating losses in the course of our research and development and commercialization activities and expect such losses to continue for the near future. Although sales of our product have increased over the last three years, 17% in 2023, 77% in 2022 and 123% in 2021, we are not yet able to fund operations by product sales alone. We have primarily funded our operations to date through the sale of equity securities, including convertible preferred stock, common stock and warrants to purchase common stock. We have also generated limited revenue from research grants and licensing fees received under former license agreements.

Through September 30, 2024, we received net proceeds of $103.8 million from our sales of common stock, preferred stock and warrant exercises and issuance of convertible and other promissory notes, an aggregate of $1.7 million from licensing fees and an aggregate of $5.0 million in net product sales. As of September 30, 2024, we had an accumulated deficit of $134.8 million and cash and cash equivalents of $2.5 million.

We have incurred significant operating losses every year since our inception, with a net loss of $4.9 million for the nine months ended September 30, 2024, with $1.5 million for the three months ended September 30, 2024. We expect to continue to incur significant expenses and generate operating losses for at least the next six months.

While we have evaluated and continue to evaluate our operating expenses and concentrate our resources toward the successful commercialization of fertility control products in the United States and internationally, additional financing will be needed before achieving anticipated revenue targets and margin targets. If we are unable to raise necessary capital through the sale of our securities, we may be required to take other measures that could impair our ability to be successful and operate as a going concern. In any event, additional capital is needed in order to fund our operating losses and research and development activities before we become profitable. We may never achieve profitability or generate positive cash flows, and unless and until we do, we will continue to need to raise capital through equity or debt financing. If such equity or debt financing is not available at adequate levels or on acceptable terms, we may need to delay, limit or terminate commercialization and development efforts or discontinue operations.

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Results of Operations

The following table summarizes our results of operations for the periods presented (in thousands):


	Three Months Ended September 30,				% Increase (Decrease)		Nine Months Ended September 30,				% Increase (Decrease)
	2024		2023				2024		2023
Revenues, net	$	482	$	360	34	%	$	1,356	$	898	51	%
Cost of sales	167		184		(9)	%	657		488		35	%
Gross profit	315		176		79	%	699		410		70	%
Operating expenses:
Research and development	451		379		19	%	1,288		1,147		12	%
Selling, general and administrative	1,411		1,748		(19)	%	4,403		5,259		(16)	%
Total operating expenses	1,862		2,127		(12)	%	5,691		6,406		(11)	%
Loss from operations	(1,547)		(1,951)		(21)	%	(4,992)		(5,996)		(17)	%
Other income, net	34		4		750	%	63		19		232	%
Net loss	$	(1,513)	$	(1,947)	(22)	%	$	(4,929)	$	(5,977)	(18)	%

Revenues

Sales, net of sales discounts and promotions, were $482,000 for the third quarter of 2024, compared to $360,000 for the third quarter of 2023. The $122,000 increase was driven by the launch of our latest Evolve product offerings, partially offset by a decrease in the number of units sold of our existing ContraPest product offerings. Launched in January 2024, and expanded during 2024 with variations in product offerings, Evolve is a soft bait containing the active ingredient cottonseed oil and represented approximately 68%, or $330,000, of revenues for the third quarter of 2024. Partially offsetting this increase, was a decline in revenue related to our ContraPest product offerings in the third quarter of 2024 when compared with the third quarter of 2023. Limited erosion of demand for ContraPest products is expected as Evolve products are accepted in the marketplace.

For the nine months ended September 30, 2024, sales were $1,356,000, compared to $898,000 for the nine months ended September 30, 2023. The $458,000 increase was driven by our latest Evolve product offerings through 2024, which represented approximately 63%, or $849,000, of revenues for the nine months ended September 30, 2024. This increase was offset by a decrease related to a lower number of units sold of our existing ContraPest product offering the Elevate Bait System in the nine months ended September 30, 2024 when compared with the nine months ended September 30, 2023.

Cost of Sales

Cost of sales consists of costs related to products sold, including scrap and reserves for obsolescence, as well as shipping costs when charged to the customer. Cost of sales was $167,000, or 34.6% of net sales, for the third quarter of 2024, compared to $184,000, or 51.2% of net sales, for the third quarter of 2023. The lower cost of net sales is largely due to a shift in the mix of products sold, and declined largely driven by our latest product offering, Evolve, which launched in January 2024. Shipping costs, which impacts gross profit margin, was 13% and 12% of cost of sales in the third quarter of 2024 and 2023, respectively.

For the nine months ended September 30, 2024, cost of sales was $657,000, or 48.5% of net sales, compared to $488,000, or 54.4% of net sales, for the nine months ended September 30, 2023. Cost of sales in 2024 was impacted during the first few months of 2024 from the higher cost of a key ingredient for our new Evolve product as we transitioned from development-stage raw materials pricing to production-level raw materials pricing. Cost of sales in 2023 was impacted by the scrapping of defective trays no longer used in our products in the first quarter of 2023.

Gross Profit

Gross profit for the third quarter of 2024 was $315,000, for a gross profit margin of 65.4%, compared to a gross profit of $176,000, or a gross profit margin of 48.8%, for the third quarter of 2023. Higher gross profit margin was driven by a shift

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in the mix of products sold, and increased due to our latest product offering Evolve, which launched in January 2024. This increase was partially offset by lower gross profit margin related to a shift in the mix of sales through our sales channels, with higher sales to distributors in the third quarter of 2024 when compared with the third quarter of 2023.

For the nine months ended September 30, 2024, gross profit was $699,000, for a gross profit margin of 51.5%, compared to $410,000, gross profit margin of 45.6%, for the nine months ended September 30, 2023. The gross profit margin in 2024 was impacted by both the higher-than-expected cost of a key ingredient in our new Evolve product during the first quarter, combined with an increased proportion of our sales coming from distributors, who are offered a lower price due to the quantities purchased. The gross profit margin in 2023 was impacted by the higher cost of sales related to the scrapping of defective tanks no longer used in our products.

Research and Development Expenses

Research and development expenses consisted of the following (in thousands):


	Three Months Ended September 30,				Increase (Decrease)		Nine Months Ended September 30,				Increase (Decrease)
	2024		2023				2024		2023
Personnel (including stock-based compensation)	$	282	$	231	$	51	$	810	$	687	$	123
Facility-related	47		28		19		124		79		45
Depreciation	34		28		6		94		84		10
Supplies and maintenance	12		34		(22)		72		81		(9)
Professional fees	32		34		(2)		66		112		(46)
Stability studies, materials and testing	33		1		32		67		55		12
Other	11		23		(12)		55		49		6
Total	$	451	$	379	$	72	$	1,288	$	1,147	$	141

Research and development expenses were $451,000 for the third quarter of 2024, compared to $379,000 for the third quarter of 2023. The $72,000 increase was primarily due to the realignment of the focus of our field development personnel to research and development activities, lower overhead allocation, and increased costs related to the expansion of facilities and supplies and maintenance related to research and development efforts. These increases were partially offset by lower consulting and legal fees required for research and development purposes, combined with lower expenses overall related to field and product improvement studies in the third quarter of 2024 when compared with the third quarter of 2023.

For the nine months ended September 30, 2024, research and development expenses were $1,288,000, compared to $1,147,000 for the nine months ended September 30, 2023. The $141,000 increase was primarily due to the realignment of the focus of our field development personnel to research and development activities, lower overhead allocation, and increased costs related to the expansion of facilities and supplies and maintenance related to research and development efforts. These increases were partially offset by lower consulting and legal fees required for research and development purposes, combined with lower expenses overall related to field and product improvement studies in 2024 when compared with 2023.

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Selling, General and Administrative Expenses

Selling, general and administrative expenses consisted of the following (in thousands):


	Three Months Ended September 30,				Increase (Decrease)		Nine Months Ended September 30,				Increase (Decrease)
	2024		2023				2024		2023
Personnel (including stock-based compensation)	$	648	$	880	$	(232)	$	2,143	$	2,673	$	(530)
Professional fees	305		365		(60)		971		1,236		(265)
Marketing	80		82		(2)		224		199		25
Licensed software	57		60		(3)		187		188		(1)
Insurance	59		120		(61)		182		299		(117)
Travel and entertainment	64		53		11		179		180		(1)
Facilities	39		39		—		119		116		3
Other	159		149		10		398		368		30
Total	$	1,411	$	1,748	$	(337)	$	4,403	$	5,259	$	(856)

Selling, general and administrative expenses were $1.4 million for the third quarter of 2024, as compared to $1.7 million for the third quarter of 2023. The decrease of $337,000 was primarily due to lower personnel-related expenses resulting from both lower headcount and stock-based compensation, combined with lower professional fees and insurance costs. Consulting fees related to marketing efforts are lower in the third quarter of 2024 when compared with the third quarter of 2023 due to changes in our overall marketing program, combined with lower legal fees. Additionally, our insurance cost is lower resulting from both policy and rate changes.

For the nine months ended September 30, 2024, selling, general and administrative expenses were $4.4 million, compared to $5.3 million for the nine months ended September 30, 2023. The $856,000 decrease was primarily due to lower personnel-related expenses resulting from both lower headcount and stock-based compensation, combined with lower professional fees and insurance costs. Consulting fees related to marketing efforts are lower for the nine months ended September 30, 2024 when compared with the nine months ended September 30, 2023 due to changes in our overall marketing program, combined with lower legal fees. Additionally, our insurance cost is lower resulting from both policy and rate changes. In the second quarter of 2023, personnel costs includes severance costs of $119,000 related to the termination of our former Chief Revenue Officer.

Other Income, Net

Other income, net for the third quarter of 2024 consisted of miscellaneous income of $29,000 and interest income of $11,000, partially offset by interest expense of $6,000. Other income consisted of interest income of $4,000 for the third quarter of 2023. During the third quarter of 2024, we realized a gain of $28,000 on the sale of equipment, which is included in miscellaneous income. Interest income was higher due to a higher average balance of cash and cash equivalents, partially offset by declining interest rates during the third quarter of 2024 when compared with the third quarter of 2023. Interest expense in the third quarter of 2024 relates to the notes payable entered into beginning in late 2023 for the purchase of certain equipment.

For the nine months ended September 30, 2024, other income, net, consisted of interest income of $48,000 and miscellaneous income of $30,000, partially offset by interest expense of $15,000, compared with the nine months ended September 30, 2023, which consisted of interest income of $19,000. The higher interest income was due to a higher average balance of cash and cash equivalents, partially offset by declining interest rates for the nine months ended September 30, 2024 when compared to the nine months ended September 30, 2023. For the nine months ended September 30, 2024, miscellaneous income largely consisted of a gain realized on the sale of equipment, while interest expense relates to the notes payable entered into beginning in late 2023 for purchases of certain equipment.

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Liquidity and Capital Resources

Liquidity

Since our inception, we have sustained significant operating losses in the course of our research and development activities and commercialization efforts and expect such losses to continue for the near future. We have generated limited revenue to date from product sales, research grants and licensing fees received under a former license. We have primarily funded our operations to date through the sale of equity securities, including convertible preferred stock, common stock and warrants to purchase common stock, and debt financing, consisting primarily of convertible notes.

Through September 30, 2024, we have received net proceeds of $103.8 million from our sales of common stock, preferred stock and warrant exercises and issuance of convertible and other promissory notes, an aggregate of $5.0 million in net product sales and an aggregate of $1.7 million from licensing fees. As of September 30, 2024, we had an accumulated deficit of $134.8 million and cash and cash equivalents of $2.5 million.

Our ultimate success depends upon the outcome of a combination of factors, including the following: (i) successful commercialization of our fertility control products and maintaining and obtaining regulatory approval of our products and product candidates; (ii) market acceptance, commercial viability and profitability of our fertility control products and any other products; (iii) the ability to market our products and establish an effective sales force and marketing infrastructure to generate significant revenue; (iv) the success of our research and development activities; (v) the ability to retain and attract key personnel to develop, operate and grow our business; and (vi) our ability to meet our working capital needs.

Based upon our current operating plan, we expect that cash and cash equivalents at September 30, 2024, in combination with anticipated revenue and any additional sales of our equity securities, will be sufficient to fund our current operations for at least the next four months. We have evaluated and will continue to evaluate our operating expenses and will concentrate our resources toward the successful commercialization of our fertility control products in the United States and internationally. However, if anticipated revenue targets and margin targets are not achieved or expenses are more than we have budgeted, we may need to raise additional financing before that time. If we need more financing, including within the next six months, and we are unable to raise the necessary capital through the sale of our securities, we may be required to take other measures that could impair our ability to be successful and operate as a going concern. In any event, we may require additional capital in order to fund our operating losses and research and development activities before we become profitable and may opportunistically raise capital. We may never achieve profitability or generate positive cash flows, and unless and until we do, we will continue to need to raise capital through equity or debt financing. If such equity or debt financing is not available at adequate levels or on acceptable terms, we may need to delay, limit or terminate commercialization and development efforts or discontinue operations.

Additional Funding Requirements

We expect our expenses to continue or increase in connection with our ongoing activities, particularly as we focus on marketing and sales of fertility control products. In addition, we will continue to incur costs associated with operating as a public company.

In particular, we expect to incur substantial and increased expenses as we:

•work to maximize market acceptance for, and generate sales of, our products, including by conducting field demonstrations for potential lead customers;

•explore strategic partnerships to enable us to penetrate additional target markets and geographical locations;

•manage the infrastructure for sales, marketing and distribution of fertility control products and any other product candidates for which we may receive regulatory approval;

•seek additional regulatory approvals for fertility control products, including to more fully expand the market and use for fertility control products and, if we believe there is commercial viability, for our other product candidates;

•further develop our manufacturing processes to contain costs while being able to scale to meet future demand of fertility control products and any other product candidates for which we receive regulatory approval;

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•continue product development of fertility control products and advance our research and development activities and, as our operating budget permits, advance the research and development programs for other product candidates;

•maintain and protect our intellectual property portfolio; and

•add operational, financial and management information systems and personnel, including personnel to support our product development and commercialization efforts and operations as a public company.

We will need additional financing to fund these continuing and additional expenses.

Capital Resources

The following table summarizes our sources and uses of cash for each of the periods presented (in thousands):


	Nine Months Ended September 30,
	2024		2023
Cash and cash equivalents, beginning of period	$	5,395	$	4,775
Net cash provided by (used in):
Operating activities	(4,815)		(5,547)
Investing activities	(41)		(114)
Financing activities	1,979		3,031
Decrease in cash and cash equivalents	(2,877)		(2,630)
Cash and cash equivalents, end of period	$	2,518	$	2,145

Cash Flows from Operating Activities—Cash flows from operating activities are generally determined by the amount and timing of cash received from customers and payments made to vendors, as well as the nature and amount of non-cash items, including depreciation and amortization and stock-based compensation included in operating results during a given period.

During the nine months ended September 30, 2024, operating activities used $4.8 million of cash, resulting from our net loss of $4.9 million and net changes in our operating assets and liabilities of $221,000, partially offset by net non-cash charges of $335,000, consisting primarily of stock-based compensation and depreciation and amortization expense. Our net loss was driven by costs related to our selling, general and administrative activities resulting from our continued efforts to commercialize our products, combined with research and development costs related to our continued efforts on formulations of new products and improvements to existing products. Net cash used by changes in our operating assets and liabilities consisted primarily of increases in accounts receivable of $121,000, inventory of $85,000, prepaid expenses of $28,000, and deposits of $41,000, combined with a net decrease in accounts payable and accrued expenses of $4,000.

During the nine months ended September 30, 2023, operating activities used $5.5 million of cash, resulting from our net loss of $6.0 million, partially offset by net changes in our operating assets and liabilities of $137,000 and by non-cash charges of $567,000, consisting primarily of stock-based compensation and depreciation and amortization expense. Our net loss was driven by costs related to our selling, general and administrative activities resulting from our efforts to commercialize our products, combined with costs related to our research and development efforts. Net cash used by changes in our operating assets and liabilities consisted of a net decrease in accounts payable and accrued expenses of $282,000 and deferred revenue of $29,000, partially offset by decreases in inventory of $150,000, and accounts receivable of $34,000.

Cash Flows from Investing Activities—Cash flows used in investing activities primarily consist of the purchase of property and equipment, offset by any proceeds received in connection with sales of property and equipment. During the nine months ended September 30, 2024 and 2023, cash flows used in investing activities consisted of property and equipment

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purchases. Additionally, during the nine months ended September 30, 2024, net cash used in investing activities was partially offset by proceeds received from the sale of equipment in the amount of $28,000.

Cash Flows from Financing Activities—Financing activities provide cash for both day-to-day operations and capital requirements as needed. During the nine months ended September 30, 2024, net cash provided by financing activities consisted of net proceeds received from the exercise of warrants of $2.0 million and proceeds received from notes payable of $25,000, partially offset by repayments on notes payable of $29,000. During the nine months ended September 30, 2023, net cash provided by financing activities consisted of net proceeds of $3.0 million from the issuance of common stock and proceeds received from notes payable of $44,000, slightly offset by the payment of employee withholding taxes related to share-based awards of $11,000.

Critical Accounting Policies and Estimates

There have been no material changes to our critical accounting policies and estimates as previously disclosed in Item 7 of our Annual Report on Form 10-K for the year ended December 31, 2023, filed with the SEC on February 21, 2024.

Item 3. Quantitative and Qualitative Disclosures about Market Risk

Not applicable.

Item 4. Controls and Procedures

Evaluation of Disclosure Controls and Procedures

We periodically conduct evaluations (pursuant to Rule 13a-15(b) of the Exchange Act), under the supervision and with the participation of management, of the effectiveness of our disclosure controls and procedures (as defined in Rule 13a-15(e)) as of the end of the period covered by this report.

These disclosure controls and procedures are designed to ensure that information required to be disclosed in our reports that are filed or submitted under the Exchange Act is recorded, processed, summarized and reported within the time periods specified in the SEC’s rules and forms. Our disclosure controls and procedures include, without limitation, controls and procedures designed to ensure that this information is accumulated and communicated to management, including the principal executive and principal financial officers, or persons performing similar functions, as appropriate, to allow timely decisions regarding required disclosure.

Based on the evaluation, our Chief Executive Officer and Chief Financial Officer have concluded that these disclosure controls and procedures were effective as of the end of the period covered by this report.

Changes in Internal Control over Financial Reporting

There were no changes in our internal control over financial reporting that occurred during the period covered by this quarterly report that have materially affected, or are reasonably likely to materially affect, our internal control over financial reporting.

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PART II — OTHER INFORMATION

Item 1. Legal Proceedings

From time to time, we may be a party to certain legal proceedings, incidental to the normal course of business. We are not currently a party to any pending or threatened legal proceedings that we believe could have a material adverse effect on our business or financial condition.

Item 1A. Risk Factors

There have been no material changes to our risk factors set forth in Part I, Item 1A, of our Annual Report on Form 10-K for the year ended December 31, 2023, filed with the SEC on February 21, 2024.

Item 5. Other Information

During the quarter ended September 30, 2024, no director or officer of the Company adopted or terminated a “Rule 10b5-1 trading arrangement” or a “non-Rule 10b5-1 trading arrangement” (in each case, as defined in Item 408 of Regulation S-K).

Item 6. Exhibits


Exhibit Number						Description

3.1*						C ertificate of Amendment to Amended and Restated Certificate of Incorporation of SenesTech, Inc. (Form 8-K filed July 23, 2024, Exhibit no.3.1(a) (File no. 001-37941).
4.1*						Form of Series F-1 Common Stock Purchase Warrant (Form 8-K filed August 23, 2024, Exhibit no. 4.1 (File no. 001-37941)).
4.2*						Form of Series F-2 Common Stock Purchase Warrant (Form 8-K filed August 23, 2024, Exhibit no. 4.2 (File no. 001-37941)).
4.3*						Form of Placement Agent Warrant (Form 8-K filed August 23, 2024, Exhibit no. 4.3 (File no. 001-37941)).
10.1*						S enes T ec h, Inc. 2018 E q uity In centive Plan, as amended (Form 8-K filed July 15, 2024, Exhibit no. 10.1 (File no. 001-379 41).
10.2*						Form of Inducement Letter (Form 8-K filed August 23, 2024, Exhibit no. 10.1 (File no. 001-37941)).
31.1						Rule 13a-14(a)/15d-14(a) Certification of Chief Executive Officer.
31.2						Rule 13a-14(a)/15d-14(a) Certification of Chief Financial Officer.
32.1						Section 1350 Certification of Chief Executive Officer.
32.2						Section 1350 Certification of Chief Financial Officer.
101.INS						Inline XBRL Instance Document.
101.SCH						Inline XBRL Taxonomy Extension Schema Document.
101.CAL						Inline XBRL Taxonomy Extension Calculation Linkbase Document.
101.DEF						Inline XBRL Taxonomy Extension Definition Linkbase Document.
101.LAB						Inline XBRL Taxonomy Extension Label Linkbase Document.
101.PRE						Inline XBRL Taxonomy Extension Presentation Linkbase Document.
104						Cover Page Interactive Data File (formatted as Inline XBRL and contained in Exhibit 101).

* Incorporated by reference as indicated.

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SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.


	SENESTECH, INC.

Date: November 12, 2024	By:	/s/ Joel L. Fruendt
		Joel L. Fruendt
		President and Chief Executive Officer

Date: November 12, 2024	By:	/s/ Thomas C. Chesterman
		Thomas C. Chesterman
		Executive Vice President, Chief Financial Officer, Treasurer and Secretary

Exhibit 31.1

CERTIFICATION OF CHIEF EXECUTIVE OFFICER PURSUANT TO

RULE 13(a)-14(a) UNDER THE SECURITIES EXCHANGE ACT OF 1934

I, Joel L. Fruendt, certify that:

1.I have reviewed this Quarterly Report on Form 10-Q of SenesTech, Inc.;

2.Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3.Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

4.The registrant’s other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

(a)Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

(b)Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

(c)Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

(d)Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter (the registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

5.The registrant’s other certifying officer(s) and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):

(a)All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and

(b)Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.


Dated: November 12, 2024			/s/ Joel L. Fruendt
			Joel L. Fruendt
			President and Chief Executive Officer

Exhibit 31.2

CERTIFICATION OF CHIEF FINANCIAL OFFICER PURSUANT TO

RULE 13(a)-14(a) UNDER THE SECURITIES EXCHANGE ACT OF 1934

I, Thomas C. Chesterman, certify that:

1.I have reviewed this Quarterly Report on Form 10-Q of SenesTech, Inc.;

(b)Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.


Dated: November 12, 2024			/s/ Thomas C. Chesterman
			Thomas C. Chesterman
			Executive Vice President, Chief Financial Officer, Treasurer and Secretary

Exhibit 32.1

CERTIFICATION OF CHIEF FINANCIAL OFFICER PURSUANT TO 18 U.S.C. SECTION 1350

Pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, I, Joel L. Fruendt, President and Chief Executive Officer of SenesTech, Inc., certify that:

1.To my knowledge, the Quarterly Report on Form 10-Q of SenesTech, Inc. for the fiscal quarter ended September 30, 2024 fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934; and

2.To my knowledge, the information contained in such Quarterly Report on Form 10-Q fairly presents, in all material respects, the financial condition and results of operations of SenesTech, Inc.


Dated: November 12, 2024			/s/ Joel L. Fruendt
			Joel L. Fruendt
			President and Chief Executive Officer

This certification accompanies the Quarterly Report on Form 10-Q to which it relates, is not deemed filed with the Securities and Exchange Commission and is not to be incorporated by reference into any filing of SenesTech, Inc. under the Securities Act of 1933, as amended, or the Securities Exchange Act of 1934, as amended (whether made before or after the date of the Quarterly Report on Form 10-Q), irrespective of any general incorporation language contained in such filing.

Exhibit 32.2

CERTIFICATION OF CHIEF FINANCIAL OFFICER PURSUANT TO 18 U.S.C. SECTION 1350

Pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, I, Thomas C. Chesterman, Chief Financial Officer, Treasurer and Secretary of SenesTech, Inc., certify that:

2.To my knowledge, the information contained in such Quarterly Report on Form 10-Q fairly presents, in all material respects, the financial condition and results of operations of SenesTech, Inc.


Dated: November 12, 2024			/s/ Thomas C. Chesterman
			Thomas C. Chesterman
			Executive Vice President, Chief Financial Officer, Treasurer and Secretary

Document And Entity Information - shares	9 Months Ended
Document And Entity Information - shares	Sep. 30, 2024	Nov. 08, 2024
Document Information [Line Items]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Sep. 30, 2024
Document Transition Report	false
Entity File Number	001-37941
Entity Registrant Name	SENESTECH, INC.
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	20-2079805
Entity Address, Address Line One	777 W. Pinnacle Peak Road,
Entity Address, Address Line Two	Suite B104
Entity Address, City or Town	Phoenix
Entity Address, State or Province	AZ
Entity Address, Postal Zip Code	85027
City Area Code	(928)
Local Phone Number	779-4143
Title of 12(b) Security	Common Stock, $0.001 par value
Trading Symbol	SNES
Security Exchange Name	NASDAQ
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding (in shares)		1,033,644
Entity Central Index Key	0001680378
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2024
Document Fiscal Period Focus	Q3
Amendment Flag	false
Former Address
Document Information [Line Items]
Entity Address, Address Line One	23460 N 19th Ave.,
Entity Address, Address Line Two	Suite 110,
Entity Address, City or Town	Phoenix,
Entity Address, State or Province	AZ
Entity Address, Postal Zip Code	85027

CONDENSED BALANCE SHEETS - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Current assets:
Cash and cash equivalents	$ 2,518	$ 5,395
Accounts receivable, net	214	95
Prepaid expenses and other current assets	360	388
Inventory, net	880	795
Total current assets	3,972	6,673
Right to use assets, operating leases	39	210
Property and equipment, net	380	388
Other noncurrent assets	58	22
Total assets	4,449	7,293
Current liabilities:
Accounts payable	128	150
Accrued expenses	394	368
Current portion of operating lease liability	41	217
Current portion of notes payable	53	33
Deferred revenue	12	18
Total current liabilities	628	786
Notes payable, less current portion	170	156
Total liabilities	798	942
Commitments and contingencies (see notes)
Stockholders’ equity:
Preferred stock, $0.001 par value, 10,000,000 shares authorized, none issued and outstanding	0	0
Common stock, $0.001 par value, 100,000,000 shares authorized, 1,020,842 shares issued and 1,012,549 shares outstanding as of September 30, 2024 and 514,003 shares issued and outstanding as of December 31, 2023	1	1
Additional paid-in capital	138,492	136,263
Accumulated deficit	(134,842)	(129,913)
Total stockholders’ equity	3,651	6,351
Total liabilities and stockholders’ equity	$ 4,449	$ 7,293

CONDENSED BALANCE SHEETS (Parenthetical) - $ / shares	Sep. 30, 2024	Dec. 31, 2023
Statement of Financial Position [Abstract]
Preferred stock, par value (in dollars per share)	$ 0.001	$ 0.001
Preferred stock, shares authorized (in shares)	10,000,000	10,000,000
Preferred stock, shares issued (in shares)	0	0
Preferred stock, shares outstanding (in shares)	0	0
Common stock, par value (in dollars per share)	$ 0.001	$ 0.001
Common stock, shares authorized (in shares)	100,000,000	100,000,000
Common stock, shares issued (in shares)	1,020,842	514,003
Common stock, shares outstanding (in shares)	1,012,549	514,003

CONDENSED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Income Statement [Abstract]
Revenues, net	$ 482	$ 360	$ 1,356	$ 898
Cost of sales	167	184	657	488
Gross profit	315	176	699	410
Operating expenses:
Research and development	451	379	1,288	1,147
Selling, general and administrative	1,411	1,748	4,403	5,259
Total operating expenses	1,862	2,127	5,691	6,406
Loss from operations	(1,547)	(1,951)	(4,992)	(5,996)
Other income (expense):
Interest income	11	4	48	19
Interest expense	(6)	0	(15)	0
Miscellaneous income	29	0	30	0
Other income, net	34	4	63	19
Net loss	(1,513)	(1,947)	(4,929)	(5,977)
Comprehensive loss	$ (1,513)	$ (1,947)	$ (4,929)	$ (5,977)
Weighted average shares outstanding - basic (in shares)	729,400	34,805	586,628	25,315
Weighted average shares outstanding - diluted (in shares)	729,400	34,805	586,628	25,315
Net loss per share - basic (in dollars per share)	$ (2.07)	$ (55.93)	$ (8.40)	$ (236.10)
Net loss per share - diluted (in dollars per share)	$ (2.07)	$ (55.93)	$ (8.40)	$ (236.10)

CONDENSED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	9 Months Ended
CONDENSED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	Sep. 30, 2024	Sep. 30, 2023
Cash flows from operating activities:
Net loss	$ (4,929)	$ (5,977)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation and amortization	115	104
Stock-based compensation	246	467
Bad debt expense	2	(4)
Gain on sale of property and equipment	(28)	0
Changes in operating assets and liabilities:
Accounts receivable	(121)	34
Prepaid expenses and other current assets	28	(7)
Inventory	(85)	150
Other assets	(41)	(3)
Accounts payable	(22)	(393)
Accrued expenses	26	111
Deferred revenue	(6)	(29)
Net cash used in operating activities	(4,815)	(5,547)
Cash flows from investing activities:
Purchase of property and equipment	(69)	(114)
Proceeds received from sale of property and equipment	28	0
Net cash used in investing activities	(41)	(114)
Cash flows from financing activities:
Proceeds from the exercise of warrants, net	1,983	0
Proceeds from issuances of common stock, net	0	2,998
Proceeds from issuance of notes payable	25	44
Repayments of notes payable	(29)	0
Payment of employee withholding taxes related to share based awards	0	(11)
Net cash provided by financing activities	1,979	3,031
Decrease in cash and cash equivalents	(2,877)	(2,630)
Cash and cash equivalents, beginning of period	5,395	4,775
Cash and cash equivalents, end of period	2,518	2,145
Supplemental cash flow information is as follows:
Interest paid	15	0
Income taxes paid	0	0
Non-cash investing and financing activities:
Note payable incurred for the purchase of certain equipment	$ 38	$ 10

BASIS OF PRESENTATION	9 Months Ended
BASIS OF PRESENTATION	Sep. 30, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]
BASIS OF PRESENTATION	BASIS OF PRESENTATION Nature of Business SenesTech, Inc. (subsequently referred to in this report as “we,” “us,” “our,” or “our company”) was incorporated in the state of Nevada in July 2004. On November 12, 2015, we subsequently reincorporated in the state of Delaware. Our corporate headquarters and manufacturing site are in Phoenix, Arizona. We have developed and are commercializing a global, proprietary technology for managing animal pest populations, initially rat and mouse populations, through fertility control. Our current products are known as ContraPest®, EvolveTM and Evolve Mouse. Our initial product ContraPest is a liquid bait containing the active ingredients 4-vinylcyclohexene diepoxide and triptolide. ContraPest limits reproduction of male and female rats beginning with the first breeding cycle following consumption. ContraPest is being marketed for use in controlling Norway and roof rat populations. In addition to the U.S. Environmental Protection Agency (“EPA”) registration of ContraPest, we must obtain registration from the various state regulatory agencies prior to selling in each state. To date, we have received registration for ContraPest in all 50 states and the District of Columbia (49 such states and the District of Columbia have approved the removal of the Restricted Use designation), as well as two major U.S. territories, Puerto Rico and The U.S. Virgin Islands. In January 2024, we launched Evolve, which is a soft bait containing the active ingredient cottonseed oil. Evolve limits reproduction of male and female rats beginning with the first breeding cycle following consumption. Evolve is considered a minimum risk pesticide under the EPA Federal Insecticide, Fungicide, and Rodenticide Act (“FIFRA”), Section 25(b). We must obtain registration from the various state regulatory agencies that do not accept the federal exemption. To date, we are authorized to sell Evolve in 45 states, and two major U.S. territories, Puerto Rico and The U.S. Virgin Islands. In May 2024, we launched our latest product Evolve Mouse, a modified version of our soft bait technology containing the active ingredient cottonseed oil. Evolve Mouse limits reproduction of male and female mice after one to two breeding cycles following consumption. Evolve Mouse is also considered a minimum risk pesticide under the EPA’s FIFRA, Section 25(b). We must obtain registration from the various state regulatory agencies that do not accept the federal exemption. To date, we are authorized to sell Evolve Mouse in 34 states, with an additional state authorized effective January 1, 2025. Going Concern Our condensed financial statements as of September 30, 2024 were prepared under the assumption that we would continue as a going concern. The reports of our independent registered public accounting firm that accompanies our financial statements for each of the years ended December 31, 2023 and December 31, 2022 contain a going concern qualification in which such firm expressed substantial doubt about our ability to continue as a going concern, based on the financial statements at that time. Specifically, we have incurred operating losses since our inception, and we expect to continue to incur significant expenses and operating losses for the foreseeable future. These prior losses and expected future losses have had, and will continue to have, an adverse effect on our financial condition. If we encounter continued issues or delays in the commercialization of fertility control products, our expected future losses could have an adverse effect on our financial condition and negatively impact our ability to fund continued operations, obtain additional financing in the future and continue as a going concern. There are no assurances that such financing, if necessary, will be available to us at all or will be available in sufficient amounts or on reasonable terms. Our financial statements do not include any adjustments that may result from the outcome of this uncertainty. If we are unable to generate additional funds in the future through additional financings, sales of our products, licensing fees, royalty payments or from other sources or transactions, we will exhaust our resources and will be unable to continue operations. Liquidity and Capital Resources Since our inception, we have sustained significant operating losses in the course of our research and development and commercialization activities and expect such losses to continue for the near future. We have generated limited revenue to date from product sales, research grants and licensing fees received under a former license agreement. We have primarily funded our operations to date through the sale of equity securities, including convertible preferred stock, common stock and warrants to purchase common stock. We have also raised capital through debt financing, consisting primarily of convertible notes and government loan programs, and, to a lesser extent, payments received in connection with product sales, research grants and licensing fees. As of September 30, 2024, we had an accumulated deficit of $134.8 million and cash and cash equivalents of $2.5 million. Our ultimate success depends upon the outcome of a combination of factors, including the following: (i) successful commercialization of fertility control products and maintaining and obtaining regulatory approval of our products and product candidates; (ii) market acceptance, commercial viability and profitability of fertility control products and other products; (iii) the ability to market our products and establish an effective sales force and marketing infrastructure to generate significant revenue; (iv) the success of our research and development; (v) the ability to retain and attract key personnel to develop, operate and grow our business; and (vi) our ability to meet our working capital needs. Based upon our current operating plan, we expect that cash and cash equivalents at September 30, 2024, in combination with anticipated revenue and any additional sales of our equity securities, will be sufficient to fund our current operations for at least the next four months. While we have evaluated and continue to evaluate our operating expenses and concentrate our resources toward the successful commercialization of fertility control products in the United States, additional financing will be needed before achieving anticipated revenue targets and margin targets. If we are unable to raise necessary capital through the sale of our securities, we may be required to take other measures that could impair our ability to be successful and operate as a going concern. In any event, additional capital is needed in order to fund our operating losses and research and development activities before we become profitable. We may never achieve profitability or generate positive cash flows, and unless and until we do, we will continue to need to raise capital through equity or debt financing. If such equity or debt financing is not available at adequate levels or on acceptable terms, we may need to delay, limit or terminate commercialization and development efforts or discontinue operations. Reverse Stock Split On July 23, 2024, we amended our amended and restated certificate of incorporation to effect a 1-for-10 reverse split of our issued and outstanding shares of common stock. The accompanying financial statements and notes thereto give retrospective effect to the reverse stock split for all periods presented. All issued and outstanding common stock, options and warrants exercisable for common stock and per share amounts contained in our financial statements have been retrospectively adjusted. Condensed Financial Statements Our accompanying unaudited condensed financial statements have been prepared pursuant to the rules and regulations of the Securities and Exchange Commission (“SEC”) for interim financial reporting. Certain information and footnote disclosures normally included in the annual financial statements prepared in accordance with the U.S. generally accepted accounting principles (“U.S. GAAP”) have been condensed or omitted pursuant to such rules and regulations. In our opinion, the unaudited condensed financial statements include all material adjustments, all of which are of a normal and recurring nature, necessary to present fairly our financial position as of September 30, 2024, and our operating results and cash flows for the nine month periods ended September 30, 2024 and 2023. The accompanying financial information as of December 31, 2023 is derived from audited financial statements. Interim results are not necessarily indicative of results for a full year. The information included in this Quarterly Report on Form 10-Q should be read in conjunction with our Annual Report on Form 10-K for the year ended December 31, 2023, filed with the SEC on February 21, 2024. Recent Accounting Pronouncements There have been no new accounting pronouncements not yet effective or adopted in the current year that we believe have a significant impact, or potential significant impact, to our condensed financial statements. Use of Estimates The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts and classification of assets and liabilities, disclosure of contingent assets and liabilities at the date of the financial statements and reported amounts of revenues and expenses during the reporting period. The significant estimates in our financial statements include the valuation of inventory, common stock warrants, and stock-based awards, such as stock options and restricted stock units. Actual results could differ from such estimates. Advertising Costs Advertising costs are expensed as incurred and were $58,000 and $57,000 for the three months ended September 30, 2024 and 2023, respectively, and $180,000 and $147,000 for the nine months ended September 30, 2024 and 2023, respectively. Comprehensive Loss We have no other comprehensive income items for the periods presented. As a result, our net loss and comprehensive loss were the same for the periods presented, and a separate statement of comprehensive loss is not included in the accompanying condensed financial statements.

BALANCE SHEET COMPONENTS

9 Months Ended

Sep. 30, 2024

Organization, Consolidation and Presentation of Financial Statements [Abstract]

BALANCE SHEET COMPONENTS

Cash and Cash Equivalents

Accounts Receivable, Net

Accounts receivable, net consisted of the following (in thousands):


	September 30, 2024		December 31, 2023
Accounts receivable	$	218	$	99
Allowance for uncollectible accounts	(4)		(4)
Accounts receivable, net	$	214	$	95

The following was the activity in the allowance for uncollectible accounts (in thousands):


	Three Months Ended September 30,				Nine Months Ended September 30,
	2024		2023		2024		2023
Balance as of beginning of period	$	4	$	4	$	4	$	6
Increase in provision	—		2		—		2
Amounts written off, less recoveries	—		(4)		—		(6)
Balance as of end of period	$	4	$	2	$	4	$	2

Inventory, net

Inventory, net consisted of the following (in thousands):


	September 30, 2024		December 31, 2023
Raw materials	$	765	$	747

Finished goods	115		53
Total inventory	880		800
Less: reserve for obsolescence	—		(5)
Inventory, net	$	880	$	795

The following was the activity in the reserve for obsolescence (in thousands):


	Three Months Ended September 30,				Nine Months Ended September 30,
	2024		2023		2024		2023
Balance as of beginning of period	$	—	$	18	$	5	$	18
Increase in reserve	—		—		—		—
Amounts relieved	—		—		(5)		—
Balance as of end of period	$	—	$	18	$	—	$	18

Prepaid Expenses and Other Current Assets

Prepaid expenses and other current assets consisted of the following (in thousands):


	September 30, 2024		December 31, 2023
Equity offering costs	$	132	$	—
Software licenses	82		152
Insurance	52		64
Professional services	30		30


Rent	29		11
Prepaid inventory	—		111

Other	35		20
Total prepaid expenses and other current assets	$	360	$	388

Property and Equipment, Net

Property and equipment, net consisted of the following (in thousands):


	September 30, 2024		December 31, 2023
Research and development equipment	$	1,801	$	1,763
Office and computer equipment	494		808
Autos	54		54
Furniture and fixtures	46		41
Leasehold improvements	152		141
Total in service	2,547		2,807
Accumulated depreciation and amortization	(2,201)		(2,419)
Total in service, net	346		388
Construction in progress	34		—
Property and equipment, net	$	380	$	388

Accrued Expenses

Accrued expenses consisted of the following (in thousands):


	September 30, 2024		December 31, 2023
Compensation and related benefits	$	377	$	232
Legal and consulting professional services	14		121
Product warranty	3		15


Total accrued expenses	$	394	$	368

Notes Payable

As of September 30, 2024, future principal payments were as follows (in thousands):


2024	$	13
2025	54
2026	60
2027	49
2028	44
Thereafter	3
Total principal payments	223
Less: current portion of notes payable	(53)
Notes payable, less current portion	$	170

FAIR VALUE MEASUREMENTS	9 Months Ended
FAIR VALUE MEASUREMENTS	Sep. 30, 2024
Fair Value Disclosures [Abstract]
FAIR VALUE MEASUREMENTS	FAIR VALUE MEASUREMENTS The carrying amounts of our financial instruments, including accounts payable and accrued liabilities, approximate fair value due to their short maturities. Notes payable are recorded at amortized cost, which approximates fair value.

LEASES

9 Months Ended

Sep. 30, 2024

Leases [Abstract]

LEASES

The components of lease cost were as follows (in thousands):


	Three Months Ended September 30,				Nine Months Ended September 30,
	2024		2023		2024		2023
Operating lease cost	$	57	$	55	$	170	$	166

As of September 30, 2024, maturities of operating lease liabilities were as follows (in thousands):


2024	$	41





Total operating lease payments	41
Less: imputed interest	—
Total operating lease liabilities	$	41

STOCK-BASED COMPENSATION

9 Months Ended

Sep. 30, 2024

Share-Based Payment Arrangement [Abstract]

STOCK-BASED COMPENSATION

The following table presents the outstanding stock option activity:


	Number of Options		Weighted Average Exercise Price Per Share		Weighted Average Remaining Contractual Term (years)
Three months ended September 30, 2024:
Outstanding as of June 30, 2024	4,533		$	899.48	3.8
Granted	143,312		2.81		9.9


Expired	(9)		45,013.33		—
Outstanding as of September 30, 2024	147,836	(1)	27.56		9.7
Nine months ended September 30, 2024:
Outstanding as of December 31, 2023	3,643		1,197.00		4.0
Granted	144,204		2.83		9.9

Forfeited	(2)		1,965.36		3.0
Expired	(9)		45,013.33		—
Outstanding as of September 30, 2024	147,836	(1)	27.56		9.7
Exercisable as of September 30, 2024	6,274		557.32		5.8

(1) Includes options related to 823 shares that are inducement awards and not granted under the 2018 Plan.


Expected volatility	128.0	%
Expected dividend yield	—
Expected term (in years)	10
Risk-free interest rate	3.83	%

The stock-based compensation expense was recorded as follows (in thousands):


	Three Months Ended September 30,				Nine Months Ended September 30,
	2024		2023		2024		2023
Research and development	$	5	$	3	$	13	$	12
Selling, general and administrative (1)	68		128		233		455
Total stock-based compensation expense	$	73	$	131	$	246	$	467

(1) Includes $44,000 and $100,000 related to stock issued in exchange for marketing services for the three and nine month periods ended September 30, 2023.

The allocation between research and development and selling, general and administrative expense was based on the department and services performed by the employee or non-employee.

STOCKHOLDERS' EQUITY

9 Months Ended

Sep. 30, 2024

Equity [Abstract]

STOCKHOLDERS' EQUITY

STOCKHOLDERS’ EQUITY

Activity in equity during the nine month periods ended September 30, 2024 and 2023 was as follows (dollars in thousands):


	Common Stock			Additional Paid-In Capital		Accumulated Deficit		Total

	Shares	Amount
2024
Balances as of December 31, 2023	514,003	$	1	$	136,263	$	(129,913)	$	6,351
Stock-based compensation	—	—		85		—		85
Issuance of common stock upon exercise of warrants	460	—		6		—		6


Net loss	—	—		—		(1,832)		(1,832)
Balances as of March 31, 2024	514,463	1		136,354		(131,745)		4,610
Stock-based compensation	—	—		88		—		88


Issuance of common stock for fractional shares in the 10:1 reverse stock split	877	—		—		—		—
Net loss	—	—		—		(1,584)		(1,584)
Balances as of June 30, 2024	515,340	1		136,442		(133,329)		3,114
Stock-based compensation	—	—		73		—		73

Issuance of common stock upon exercise of warrants, net	505,502	—		1,977		—		1,977
Net loss	—	—		—		(1,513)		(1,513)
Balances as of September 30, 2024	1,020,842	$	1	$	138,492	$	(134,842)	$	3,651
2023
Balances as of December 31, 2022	6,748	$	—	$	127,482	$	(122,203)	$	5,279
Stock-based compensation	—	—		166		—		166
Issuance of common stock upon exercise of warrants	10,250	—		—		—		—
Issuance of shares pursuant to the vesting of restricted stock units, net of shares withheld for taxes	111	—		(11)		—		(11)
Issuance of common stock for service	454	—		100		—		100
Net loss	—	—		—		(2,037)		(2,037)
Balances as of March 31, 2023	17,563	—		127,737		(124,240)		3,497
Stock-based compensation	—	—		113		—		113
Issuance of common stock, net of issuance costs	7,143	—		1,210		—		1,210

Net loss	—	—		—		(1,993)		(1,993)
Balances as of June 30, 2023	24,706	—		129,060		(126,233)		2,827
Stock-based compensation	—	—		88		—		88

Issuance of common stock upon exercise of warrants, net	2,625	—		1,788		—		1,788
Net loss	—	—		—		(1,947)		(1,947)
Balances as of September 30, 2023	27,331	$	—	$	130,936	$	(128,180)	$	2,756

In connection with the Warrant Inducement transaction, new warrants to purchase 1,036,279 shares of our common stock were issued, which are discussed in Note 7.

COMMON STOCK WARRANTS

The following table presents the common stock warrant activity:


Issue Date	Warrant Type	Term Date	Exercise Price		Balance December 31, 2023	Issued	Exercised	Expired	Balance September 31, 2024
July 2019	Dealer Manager	July 2024	$	81,000.00	3	—	—	(3)	—
January 2020	Registered Direct Offering	July 2025	$	21,600.00	60	—	—	—	60
January 2020	Dealer Manager	July 2025	$	24,000.00	4	—	—	—	4
March 2020	Dealer Manager	March 2025	$	9,015.12	4	—	—	—	4
April 2020	Dealer Manager	April 2025	$	9,528.00	47	—	—	—	47
April 2020	Registered Direct Offering	April 2025	$	7,320.00	20	—	—	—	20
October 2020	Dealer Manager	April 2026	$	5,174.40	34	—	—	—	34
February 2021	Private Placement Agreement	August 2026	$	5,318.40	540	—	—	—	540
February 2021	Dealer Manager	August 2026	$	6,835.40	136	—	—	—	136
March 2021	Dealer Manager	March 2026	$	6,000.00	60	—	—	—	60
November 2022	Dealer Manager	November 2027	$	525.000	892	—	—	—	892
April 2023	Series C	October 2028	$	194.40	7,142	—	—	—	7,142
April 2023	Dealer Manager	April 2028	$	262.50	534	—	—	—	534
August 2023	Private Inducement	September 2024	$	86.42	23,810	—	(23,810)	—	—
August 2023	Private Inducement	August 2028	$	86.42	25,101	—	(25,101)	—	—
August 2023	Dealer Manager	August 2028	$	108.04	1,222	—	—	—	1,222
November 2023	Series D	November 2028	$	13.00	381,615	—	(230,589)	—	151,026
November 2023	Series E	May 2025	$	13.00	307,460	—	(226,462)	—	80,998
November 2023	Dealer Manager	November 2028	$	16.25	28,844	—	—	—	28,844
August 2024	Series F-1	August 2029	$	4.35	—	571,318	—	—	571,318
August 2024	Series F-2	February 2026	$	4.35	—	439,686	—	—	439,686
August 2024	Dealer Manager	August 2029	$	5.75	—	25,275	—	—	25,275
					777,528	1,036,279	(505,962)	(3)	1,307,842


	Shares	Weighted Average Exercise Price Per Share		Weighted Average Remaining Contractual Term (years)
Outstanding as of December 31, 2023	777,528	$	29.53	3.4
Issued	1,036,279	4.38		3.4
Exercised	(505,962)	4.61		—
Expired	(3)	81,000.00		—
Outstanding as of September 30, 2024	1,307,842	12.63		3.3

During the nine months ended September 30, 2024:

◦For the August 2023 Original Warrants related to 48,911 shares: common stock price of $4.10 per share; volatility of 151%; term of 2.1 years; dividend yield of 0%; and risk-free rate of 3.9%; and

◦For the November 2023 Original Warrants related to 456,591 shares: common stock price of $4.10 per share; volatility of 140%; term of 2.5 years; dividend yield of 0%; and risk-free rate of 3.8%.

•In January, warrants representing 460 shares of common stock were exercised with an exercise price of $13.00 per share.

COMMON STOCK WARRANTS

9 Months Ended

Sep. 30, 2024

Equity [Abstract]

COMMON STOCK WARRANTS

STOCKHOLDERS’ EQUITY

Activity in equity during the nine month periods ended September 30, 2024 and 2023 was as follows (dollars in thousands):


	Common Stock			Additional Paid-In Capital		Accumulated Deficit		Total

	Shares	Amount
2024
Balances as of December 31, 2023	514,003	$	1	$	136,263	$	(129,913)	$	6,351
Stock-based compensation	—	—		85		—		85
Issuance of common stock upon exercise of warrants	460	—		6		—		6


Net loss	—	—		—		(1,832)		(1,832)
Balances as of March 31, 2024	514,463	1		136,354		(131,745)		4,610
Stock-based compensation	—	—		88		—		88


Issuance of common stock for fractional shares in the 10:1 reverse stock split	877	—		—		—		—
Net loss	—	—		—		(1,584)		(1,584)
Balances as of June 30, 2024	515,340	1		136,442		(133,329)		3,114
Stock-based compensation	—	—		73		—		73

Issuance of common stock upon exercise of warrants, net	505,502	—		1,977		—		1,977
Net loss	—	—		—		(1,513)		(1,513)
Balances as of September 30, 2024	1,020,842	$	1	$	138,492	$	(134,842)	$	3,651
2023
Balances as of December 31, 2022	6,748	$	—	$	127,482	$	(122,203)	$	5,279
Stock-based compensation	—	—		166		—		166
Issuance of common stock upon exercise of warrants	10,250	—		—		—		—
Issuance of shares pursuant to the vesting of restricted stock units, net of shares withheld for taxes	111	—		(11)		—		(11)
Issuance of common stock for service	454	—		100		—		100
Net loss	—	—		—		(2,037)		(2,037)
Balances as of March 31, 2023	17,563	—		127,737		(124,240)		3,497
Stock-based compensation	—	—		113		—		113
Issuance of common stock, net of issuance costs	7,143	—		1,210		—		1,210

Net loss	—	—		—		(1,993)		(1,993)
Balances as of June 30, 2023	24,706	—		129,060		(126,233)		2,827
Stock-based compensation	—	—		88		—		88

Issuance of common stock upon exercise of warrants, net	2,625	—		1,788		—		1,788
Net loss	—	—		—		(1,947)		(1,947)
Balances as of September 30, 2023	27,331	$	—	$	130,936	$	(128,180)	$	2,756

In connection with the Warrant Inducement transaction, new warrants to purchase 1,036,279 shares of our common stock were issued, which are discussed in Note 7.

COMMON STOCK WARRANTS

The following table presents the common stock warrant activity:


Issue Date	Warrant Type	Term Date	Exercise Price		Balance December 31, 2023	Issued	Exercised	Expired	Balance September 31, 2024
July 2019	Dealer Manager	July 2024	$	81,000.00	3	—	—	(3)	—
January 2020	Registered Direct Offering	July 2025	$	21,600.00	60	—	—	—	60
January 2020	Dealer Manager	July 2025	$	24,000.00	4	—	—	—	4
March 2020	Dealer Manager	March 2025	$	9,015.12	4	—	—	—	4
April 2020	Dealer Manager	April 2025	$	9,528.00	47	—	—	—	47
April 2020	Registered Direct Offering	April 2025	$	7,320.00	20	—	—	—	20
October 2020	Dealer Manager	April 2026	$	5,174.40	34	—	—	—	34
February 2021	Private Placement Agreement	August 2026	$	5,318.40	540	—	—	—	540
February 2021	Dealer Manager	August 2026	$	6,835.40	136	—	—	—	136
March 2021	Dealer Manager	March 2026	$	6,000.00	60	—	—	—	60
November 2022	Dealer Manager	November 2027	$	525.000	892	—	—	—	892
April 2023	Series C	October 2028	$	194.40	7,142	—	—	—	7,142
April 2023	Dealer Manager	April 2028	$	262.50	534	—	—	—	534
August 2023	Private Inducement	September 2024	$	86.42	23,810	—	(23,810)	—	—
August 2023	Private Inducement	August 2028	$	86.42	25,101	—	(25,101)	—	—
August 2023	Dealer Manager	August 2028	$	108.04	1,222	—	—	—	1,222
November 2023	Series D	November 2028	$	13.00	381,615	—	(230,589)	—	151,026
November 2023	Series E	May 2025	$	13.00	307,460	—	(226,462)	—	80,998
November 2023	Dealer Manager	November 2028	$	16.25	28,844	—	—	—	28,844
August 2024	Series F-1	August 2029	$	4.35	—	571,318	—	—	571,318
August 2024	Series F-2	February 2026	$	4.35	—	439,686	—	—	439,686
August 2024	Dealer Manager	August 2029	$	5.75	—	25,275	—	—	25,275
					777,528	1,036,279	(505,962)	(3)	1,307,842


	Shares	Weighted Average Exercise Price Per Share		Weighted Average Remaining Contractual Term (years)
Outstanding as of December 31, 2023	777,528	$	29.53	3.4
Issued	1,036,279	4.38		3.4
Exercised	(505,962)	4.61		—
Expired	(3)	81,000.00		—
Outstanding as of September 30, 2024	1,307,842	12.63		3.3

During the nine months ended September 30, 2024:

◦For the August 2023 Original Warrants related to 48,911 shares: common stock price of $4.10 per share; volatility of 151%; term of 2.1 years; dividend yield of 0%; and risk-free rate of 3.9%; and

◦For the November 2023 Original Warrants related to 456,591 shares: common stock price of $4.10 per share; volatility of 140%; term of 2.5 years; dividend yield of 0%; and risk-free rate of 3.8%.

•In January, warrants representing 460 shares of common stock were exercised with an exercise price of $13.00 per share.

LOSS PER SHARE

9 Months Ended

Sep. 30, 2024

Earnings Per Share [Abstract]

LOSS PER SHARE

The following shares were excluded from the calculation of diluted net loss per share:


	Three Months Ended September 30,		Nine Months Ended September 30,
	2024	2023	2024	2023
Common stock warrants	—	25,938	370,326	327,751
Stock options	43,889	—	84,293	4,283

	43,889	25,938	454,619	332,034

SEGMENT INFORMATION

9 Months Ended

Sep. 30, 2024

Segment Reporting [Abstract]

SEGMENT INFORMATION

Geographic Information

Revenue by geographic region was as follows:


	Three Months Ended September 30,				Nine Months Ended September 30,
	2024		2023		2024		2023
United States	$	482	$	360	$	1,314	$	898
International	—		—		42		—



	$	482	$	360	$	1,356	$	898

Significant Customers

The percentage of revenue attributable to our distributors and to customers that represented 10% or more of revenue in at least one of the periods presented, was as follows:


	Three Months Ended September 30,				Nine Months Ended September 30,
	2024		2023		2024		2023
All distributors	41	%	19	%	41	%	12	%
Distributor A	6		6		10		3
Distributor B	14		—		8		—

The following accounts represented at least 10% of total accounts receivable in at least one of the periods presented:


	September 30, 2024		December 31, 2023
Distributor A	43	%	13	%
End customer A	—	%	19	%
End customer B	—	%	13	%

SUBSEQUENT EVENTS	9 Months Ended
SUBSEQUENT EVENTS	Sep. 30, 2024
Subsequent Events [Abstract]
SUBSEQUENT EVENTS	SUBSEQUENT EVENTS Since September 30, 2024, we have issued 12,802 shares of common stock pursuant to the ATM Financing for gross proceeds of $38,000. We have evaluated subsequent events from the balance sheet date through November 12, 2024, the date at which the condensed financial statements were issued, and determined that there were no additional items that require adjustment to or disclosure in the condensed financial statements.

Pay vs Performance Disclosure - USD ($) $ in Thousands	3 Months Ended						9 Months Ended
Pay vs Performance Disclosure - USD ($) $ in Thousands	Sep. 30, 2024	Jun. 30, 2024	Mar. 31, 2024	Sep. 30, 2023	Jun. 30, 2023	Mar. 31, 2023	Sep. 30, 2024	Sep. 30, 2023
Pay vs Performance Disclosure
Net loss	$ (1,513)	$ (1,584)	$ (1,832)	$ (1,947)	$ (1,993)	$ (2,037)	$ (4,929)	$ (5,977)

Insider Trading Arrangements	3 Months Ended
Insider Trading Arrangements	Sep. 30, 2024
Trading Arrangements, by Individual
Rule 10b5-1 Arrangement Adopted	false
Non-Rule 10b5-1 Arrangement Adopted	false
Rule 10b5-1 Arrangement Terminated	false
Non-Rule 10b5-1 Arrangement Terminated	false

BASIS OF PRESENTATION (Policies)	9 Months Ended
BASIS OF PRESENTATION (Policies)	Sep. 30, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Condensed Financial Statements	Condensed Financial Statements Our accompanying unaudited condensed financial statements have been prepared pursuant to the rules and regulations of the Securities and Exchange Commission (“SEC”) for interim financial reporting. Certain information and footnote disclosures normally included in the annual financial statements prepared in accordance with the U.S. generally accepted accounting principles (“U.S. GAAP”) have been condensed or omitted pursuant to such rules and regulations. In our opinion, the unaudited condensed financial statements include all material adjustments, all of which are of a normal and recurring nature, necessary to present fairly our financial position as of September 30, 2024, and our operating results and cash flows for the nine month periods ended September 30, 2024 and 2023.
Recent Accounting Pronouncements	Recent Accounting Pronouncements There have been no new accounting pronouncements not yet effective or adopted in the current year that we believe have a significant impact, or potential significant impact, to our condensed financial statements.
Use of Estimates	Use of Estimates The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts and classification of assets and liabilities, disclosure of contingent assets and liabilities at the date of the financial statements and reported amounts of revenues and expenses during the reporting period. The significant estimates in our financial statements include the valuation of inventory, common stock warrants, and stock-based awards, such as stock options and restricted stock units. Actual results could differ from such estimates.
Advertising Costs	Advertising Costs Advertising costs are expensed as incurred and were $58,000 and $57,000 for the three months ended September 30, 2024 and 2023, respectively, and $180,000 and $147,000 for the nine months ended September 30, 2024 and 2023, respectively.
Comprehensive Loss	Comprehensive Loss We have no other comprehensive income items for the periods presented. As a result, our net loss and comprehensive loss were the same for the periods presented, and a separate statement of comprehensive loss is not included in the accompanying condensed financial statements.
Cash and Cash Equivalents	Cash and Cash Equivalents Highly liquid investments with maturities of three months or less as of the date of acquisition are classified as cash equivalents, of which we had $2.5 million and $5.4 million as of September 30, 2024 and December 31, 2023, respectively, included within cash and cash equivalents in the condensed balance sheets.

BALANCE SHEET COMPONENTS (Tables)

9 Months Ended

Sep. 30, 2024

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Schedule of accounts receivable, net and activity in allowance for uncollectible accounts

Accounts receivable, net consisted of the following (in thousands):


	September 30, 2024		December 31, 2023
Accounts receivable	$	218	$	99
Allowance for uncollectible accounts	(4)		(4)
Accounts receivable, net	$	214	$	95

The following was the activity in the allowance for uncollectible accounts (in thousands):


	Three Months Ended September 30,				Nine Months Ended September 30,
	2024		2023		2024		2023
Balance as of beginning of period	$	4	$	4	$	4	$	6
Increase in provision	—		2		—		2
Amounts written off, less recoveries	—		(4)		—		(6)
Balance as of end of period	$	4	$	2	$	4	$	2

Schedule of inventory, net and activity in reserve for obsolescence

Inventory, net consisted of the following (in thousands):


	September 30, 2024		December 31, 2023
Raw materials	$	765	$	747

Finished goods	115		53
Total inventory	880		800
Less: reserve for obsolescence	—		(5)
Inventory, net	$	880	$	795

The following was the activity in the reserve for obsolescence (in thousands):


	Three Months Ended September 30,				Nine Months Ended September 30,
	2024		2023		2024		2023
Balance as of beginning of period	$	—	$	18	$	5	$	18
Increase in reserve	—		—		—		—
Amounts relieved	—		—		(5)		—
Balance as of end of period	$	—	$	18	$	—	$	18

Schedule of prepaid expenses

Prepaid expenses and other current assets consisted of the following (in thousands):


	September 30, 2024		December 31, 2023
Equity offering costs	$	132	$	—
Software licenses	82		152
Insurance	52		64
Professional services	30		30


Rent	29		11
Prepaid inventory	—		111

Other	35		20
Total prepaid expenses and other current assets	$	360	$	388

Schedule of property and equipment, net

Property and equipment, net consisted of the following (in thousands):


	September 30, 2024		December 31, 2023
Research and development equipment	$	1,801	$	1,763
Office and computer equipment	494		808
Autos	54		54
Furniture and fixtures	46		41
Leasehold improvements	152		141
Total in service	2,547		2,807
Accumulated depreciation and amortization	(2,201)		(2,419)
Total in service, net	346		388
Construction in progress	34		—
Property and equipment, net	$	380	$	388

Schedule of accrued expenses

Accrued expenses consisted of the following (in thousands):


	September 30, 2024		December 31, 2023
Compensation and related benefits	$	377	$	232
Legal and consulting professional services	14		121
Product warranty	3		15


Total accrued expenses	$	394	$	368

Schedule of maturities of notes payable

As of September 30, 2024, future principal payments were as follows (in thousands):


2024	$	13
2025	54
2026	60
2027	49
2028	44
Thereafter	3
Total principal payments	223
Less: current portion of notes payable	(53)
Notes payable, less current portion	$	170

LEASES (Tables)

9 Months Ended

Sep. 30, 2024

Leases [Abstract]

Schedule of components of lease cost

The components of lease cost were as follows (in thousands):


	Three Months Ended September 30,				Nine Months Ended September 30,
	2024		2023		2024		2023
Operating lease cost	$	57	$	55	$	170	$	166

Schedule of future minimum operating lease payments

As of September 30, 2024, maturities of operating lease liabilities were as follows (in thousands):


2024	$	41





Total operating lease payments	41
Less: imputed interest	—
Total operating lease liabilities	$	41

STOCK-BASED COMPENSATION (Tables)

9 Months Ended

Sep. 30, 2024

Share-Based Payment Arrangement [Abstract]

Schedule of stock option activity

The following table presents the outstanding stock option activity:


	Number of Options		Weighted Average Exercise Price Per Share		Weighted Average Remaining Contractual Term (years)
Three months ended September 30, 2024:
Outstanding as of June 30, 2024	4,533		$	899.48	3.8
Granted	143,312		2.81		9.9


Expired	(9)		45,013.33		—
Outstanding as of September 30, 2024	147,836	(1)	27.56		9.7
Nine months ended September 30, 2024:
Outstanding as of December 31, 2023	3,643		1,197.00		4.0
Granted	144,204		2.83		9.9

Forfeited	(2)		1,965.36		3.0
Expired	(9)		45,013.33		—
Outstanding as of September 30, 2024	147,836	(1)	27.56		9.7
Exercisable as of September 30, 2024	6,274		557.32		5.8

(1) Includes options related to 823 shares that are inducement awards and not granted under the 2018 Plan.

Schedule of fair value of options granted, assumptions


Expected volatility	128.0	%
Expected dividend yield	—
Expected term (in years)	10
Risk-free interest rate	3.83	%

Schedule of stock-based compensation expense

The stock-based compensation expense was recorded as follows (in thousands):


	Three Months Ended September 30,				Nine Months Ended September 30,
	2024		2023		2024		2023
Research and development	$	5	$	3	$	13	$	12
Selling, general and administrative (1)	68		128		233		455
Total stock-based compensation expense	$	73	$	131	$	246	$	467

(1) Includes $44,000 and $100,000 related to stock issued in exchange for marketing services for the three and nine month periods ended September 30, 2023.

STOCKHOLDERS' EQUITY (Tables)

9 Months Ended

Sep. 30, 2024

Equity [Abstract]

Schedule of stockholders' equity activity

Activity in equity during the nine month periods ended September 30, 2024 and 2023 was as follows (dollars in thousands):


	Common Stock			Additional Paid-In Capital		Accumulated Deficit		Total

	Shares	Amount
2024
Balances as of December 31, 2023	514,003	$	1	$	136,263	$	(129,913)	$	6,351
Stock-based compensation	—	—		85		—		85
Issuance of common stock upon exercise of warrants	460	—		6		—		6


Net loss	—	—		—		(1,832)		(1,832)
Balances as of March 31, 2024	514,463	1		136,354		(131,745)		4,610
Stock-based compensation	—	—		88		—		88


Issuance of common stock for fractional shares in the 10:1 reverse stock split	877	—		—		—		—
Net loss	—	—		—		(1,584)		(1,584)
Balances as of June 30, 2024	515,340	1		136,442		(133,329)		3,114
Stock-based compensation	—	—		73		—		73

Issuance of common stock upon exercise of warrants, net	505,502	—		1,977		—		1,977
Net loss	—	—		—		(1,513)		(1,513)
Balances as of September 30, 2024	1,020,842	$	1	$	138,492	$	(134,842)	$	3,651
2023
Balances as of December 31, 2022	6,748	$	—	$	127,482	$	(122,203)	$	5,279
Stock-based compensation	—	—		166		—		166
Issuance of common stock upon exercise of warrants	10,250	—		—		—		—
Issuance of shares pursuant to the vesting of restricted stock units, net of shares withheld for taxes	111	—		(11)		—		(11)
Issuance of common stock for service	454	—		100		—		100
Net loss	—	—		—		(2,037)		(2,037)
Balances as of March 31, 2023	17,563	—		127,737		(124,240)		3,497
Stock-based compensation	—	—		113		—		113
Issuance of common stock, net of issuance costs	7,143	—		1,210		—		1,210

Net loss	—	—		—		(1,993)		(1,993)
Balances as of June 30, 2023	24,706	—		129,060		(126,233)		2,827
Stock-based compensation	—	—		88		—		88

Issuance of common stock upon exercise of warrants, net	2,625	—		1,788		—		1,788
Net loss	—	—		—		(1,947)		(1,947)
Balances as of September 30, 2023	27,331	$	—	$	130,936	$	(128,180)	$	2,756

COMMON STOCK WARRANTS (Tables)

9 Months Ended

Sep. 30, 2024

Equity [Abstract]

Schedule of common stock warrant activity

The following table presents the common stock warrant activity:


Issue Date	Warrant Type	Term Date	Exercise Price		Balance December 31, 2023	Issued	Exercised	Expired	Balance September 31, 2024
July 2019	Dealer Manager	July 2024	$	81,000.00	3	—	—	(3)	—
January 2020	Registered Direct Offering	July 2025	$	21,600.00	60	—	—	—	60
January 2020	Dealer Manager	July 2025	$	24,000.00	4	—	—	—	4
March 2020	Dealer Manager	March 2025	$	9,015.12	4	—	—	—	4
April 2020	Dealer Manager	April 2025	$	9,528.00	47	—	—	—	47
April 2020	Registered Direct Offering	April 2025	$	7,320.00	20	—	—	—	20
October 2020	Dealer Manager	April 2026	$	5,174.40	34	—	—	—	34
February 2021	Private Placement Agreement	August 2026	$	5,318.40	540	—	—	—	540
February 2021	Dealer Manager	August 2026	$	6,835.40	136	—	—	—	136
March 2021	Dealer Manager	March 2026	$	6,000.00	60	—	—	—	60
November 2022	Dealer Manager	November 2027	$	525.000	892	—	—	—	892
April 2023	Series C	October 2028	$	194.40	7,142	—	—	—	7,142
April 2023	Dealer Manager	April 2028	$	262.50	534	—	—	—	534
August 2023	Private Inducement	September 2024	$	86.42	23,810	—	(23,810)	—	—
August 2023	Private Inducement	August 2028	$	86.42	25,101	—	(25,101)	—	—
August 2023	Dealer Manager	August 2028	$	108.04	1,222	—	—	—	1,222
November 2023	Series D	November 2028	$	13.00	381,615	—	(230,589)	—	151,026
November 2023	Series E	May 2025	$	13.00	307,460	—	(226,462)	—	80,998
November 2023	Dealer Manager	November 2028	$	16.25	28,844	—	—	—	28,844
August 2024	Series F-1	August 2029	$	4.35	—	571,318	—	—	571,318
August 2024	Series F-2	February 2026	$	4.35	—	439,686	—	—	439,686
August 2024	Dealer Manager	August 2029	$	5.75	—	25,275	—	—	25,275
					777,528	1,036,279	(505,962)	(3)	1,307,842


	Shares	Weighted Average Exercise Price Per Share		Weighted Average Remaining Contractual Term (years)
Outstanding as of December 31, 2023	777,528	$	29.53	3.4
Issued	1,036,279	4.38		3.4
Exercised	(505,962)	4.61		—
Expired	(3)	81,000.00		—
Outstanding as of September 30, 2024	1,307,842	12.63		3.3

LOSS PER SHARE (Tables)

9 Months Ended

Sep. 30, 2024

Earnings Per Share [Abstract]

Schedule of outstanding potentially dilutive securities

The following shares were excluded from the calculation of diluted net loss per share:


	Three Months Ended September 30,		Nine Months Ended September 30,
	2024	2023	2024	2023
Common stock warrants	—	25,938	370,326	327,751
Stock options	43,889	—	84,293	4,283

	43,889	25,938	454,619	332,034

SEGMENT INFORMATION (Tables)

9 Months Ended

Sep. 30, 2024

Segment Reporting [Abstract]

Schedule of revenue by geographic region

Revenue by geographic region was as follows:


	Three Months Ended September 30,				Nine Months Ended September 30,
	2024		2023		2024		2023
United States	$	482	$	360	$	1,314	$	898
International	—		—		42		—



	$	482	$	360	$	1,356	$	898

Schedule of customers and distributors that accounted for 10% or more of total revenue and accounts receivable

The percentage of revenue attributable to our distributors and to customers that represented 10% or more of revenue in at least one of the periods presented, was as follows:


	Three Months Ended September 30,				Nine Months Ended September 30,
	2024		2023		2024		2023
All distributors	41	%	19	%	41	%	12	%
Distributor A	6		6		10		3
Distributor B	14		—		8		—

The following accounts represented at least 10% of total accounts receivable in at least one of the periods presented:


	September 30, 2024		December 31, 2023
Distributor A	43	%	13	%
End customer A	—	%	19	%
End customer B	—	%	13	%

BASIS OF PRESENTATION (Details) $ in Thousands		3 Months Ended		9 Months Ended		11 Months Ended
BASIS OF PRESENTATION (Details) $ in Thousands	Jul. 23, 2024	Sep. 30, 2024 USD ($) territory state	Sep. 30, 2023 USD ($)	Sep. 30, 2024 USD ($) territory state	Sep. 30, 2023 USD ($)	Sep. 30, 2024 USD ($) territory state	Dec. 31, 2023 USD ($)
Organization and Description of Business [Line Items]
Number of states registration received		50		50		50
Number of states approved removal of RUP designation		49		49		49
Number of major U.S. territories registration received \| territory		2		2		2
Number of major U.S. territories authorized to sell product \| territory		2		2		2
Accumulated deficit \| $		$ 134,842		$ 134,842		$ 134,842	$ 129,913
Cash and cash equivalents \| $		2,518		2,518		$ 2,518	$ 5,395
Reverse stock split ratio, common stock	0.10
Advertising costs \| $		$ 58	$ 57	$ 180	$ 147
Evolve
Organization and Description of Business [Line Items]
Number of states authorized to sell product						45
Evolve Mouse
Organization and Description of Business [Line Items]
Number of states authorized to sell product						34

BALANCE SHEET COMPONENTS - Narrative (Details) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2024	Dec. 31, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Cash and cash equivalents	$ 2,518	$ 5,395
Debt Instrument [Line Items]
Cash and cash equivalents	$ 2,518	$ 5,395
Notes Payable
Debt Instrument [Line Items]
Debt, annual interest rate	9.80%
Debt, term	5 years

BALANCE SHEET COMPONENTS - Schedule of accounts receivable, net (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Jun. 30, 2024	Dec. 31, 2023	Sep. 30, 2023	Jun. 30, 2023	Dec. 31, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Accounts receivable	$ 218		$ 99
Allowance for uncollectible accounts	(4)	$ (4)	(4)	$ (2)	$ (4)	$ (6)
Accounts receivable, net	$ 214		$ 95

BALANCE SHEET COMPONENTS - Schedule of allowance for uncollectible accounts (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Accounts Receivable, Allowance for Credit Loss [Roll Forward]
Balance as of beginning of period	$ 4	$ 4	$ 4	$ 6
Increase in provision	0	2	0	2
Amounts written off, less recoveries	0	(4)	0	(6)
Balance as of end of period	$ 4	$ 2	$ 4	$ 2

BALANCE SHEET COMPONENTS - Schedule of inventory, net (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Jun. 30, 2024	Dec. 31, 2023	Sep. 30, 2023	Jun. 30, 2023	Dec. 31, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Raw materials	$ 765		$ 747
Finished goods	115		53
Total inventory	880		800
Less: reserve for obsolescence	0	$ 0	(5)	$ (18)	$ (18)	$ (18)
Inventory, net	$ 880		$ 795

BALANCE SHEET COMPONENTS - Schedule of activity in reserve for obsolescence (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Inventory, Valuation Reserves [Roll Forward]
Balance as of beginning of period	$ 0	$ 18	$ 5	$ 18
Increase in reserve	0	0	0	0
Amounts relieved	0	0	(5)	0
Balance as of end of period	$ 0	$ 18	$ 0	$ 18

BALANCE SHEET COMPONENTS - Schedule of prepaid expenses (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Equity offering costs	$ 132	$ 0
Software licenses	82	152
Insurance	52	64
Professional services	30	30
Rent	29	11
Prepaid inventory	0	111
Other	35	20
Total prepaid expenses and other current assets	$ 360	$ 388

BALANCE SHEET COMPONENTS - Schedule of property and equipment, net (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Property, Plant and Equipment [Line Items]
Accumulated depreciation and amortization	$ (2,201)	$ (2,419)
Property and equipment, net	380	388
Depreciable Property, Plant and Equipment
Property, Plant and Equipment [Line Items]
Total in service	2,547	2,807
Property and equipment, net	346	388
Research and development equipment
Property, Plant and Equipment [Line Items]
Total in service	1,801	1,763
Office and computer equipment
Property, Plant and Equipment [Line Items]
Total in service	494	808
Autos
Property, Plant and Equipment [Line Items]
Total in service	54	54
Furniture and fixtures
Property, Plant and Equipment [Line Items]
Total in service	46	41
Leasehold improvements
Property, Plant and Equipment [Line Items]
Total in service	152	141
Construction in progress
Property, Plant and Equipment [Line Items]
Total in service	$ 34	$ 0

BALANCE SHEET COMPONENTS - Schedule of accrued expenses (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Compensation and related benefits	$ 377	$ 232
Legal and consulting professional services	14	121
Product warranty	3	15
Total accrued expenses	$ 394	$ 368

BALANCE SHEET COMPONENTS - Schedule of notes payable maturities (Details) - Notes Payable $ in Thousands	Sep. 30, 2024 USD ($)
Debt Instrument [Line Items]
2024	$ 13
2025	54
2026	60
2027	49
2028	44
Thereafter	3
Total principal payments	223
Less: current portion of notes payable	(53)
Notes payable, less current portion	$ 170

LEASES - Schedule of lease cost (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Leases [Abstract]
Operating lease cost	$ 57	$ 55	$ 170	$ 166

LEASES - Schedule of maturities of operating leases liabilities (Details) $ in Thousands	Sep. 30, 2024 USD ($)
Leases [Abstract]
2024	$ 41
Total operating lease payments	41
Less: imputed interest	0
Total operating lease liabilities	$ 41

STOCK-BASED COMPENSATION - Narrative (Details) - USD ($) $ / shares in Units, $ in Thousands	9 Months Ended	12 Months Ended
	Sep. 30, 2024	Dec. 31, 2018	Jul. 11, 2024
Stock-Based Compensation (Details) [Line Items]
Common stock, available for issuance (in shares)	315,189
2018 Equity Incentive Plan
Stock-Based Compensation (Details) [Line Items]
Shares authorized (in shares)			207,071
Common stock, available for issuance (in shares)	60,008
Number of additional shares authorized (in shares)	200,000
Unrecognized compensation cost	$ 439
2018 Equity Incentive Plan \| Stock Options
Stock-Based Compensation (Details) [Line Items]
Options, term		10 years
Weighted average grant date fair value (in dollars per share)	$ 2.73
Unrecognized compensation cost, period of recognition	2 years
2018 Equity Incentive Plan \| Minimum \| Stock Options
Stock-Based Compensation (Details) [Line Items]
Options, vesting period		12 months
2018 Equity Incentive Plan \| Maximum \| Stock Options
Stock-Based Compensation (Details) [Line Items]
Options, vesting period		36 months

STOCK-BASED COMPENSATION - Schedule of stock option activity (Details) - $ / shares	3 Months Ended	6 Months Ended	9 Months Ended	12 Months Ended
	Sep. 30, 2024	Jun. 30, 2024	Sep. 30, 2024	Dec. 31, 2023
Number of Options
Beginning Balance (in shares)	4,533	3,643	3,643
Granted (in shares)	143,312		144,204
Forfeited (in shares)			(2)
Expired (in shares)	(9)		(9)
Ending Balance (in shares)	147,836	4,533	147,836	3,643
Exercisable (in shares)	6,274		6,274
Weighted Average Exercise Price Per Share
Beginning Balance (in dollars per share)	$ 899.48	$ 1,197	$ 1,197
Granted (in dollars per share)	2.81		2.83
Forfeited (in dollars per share)			1,965.36
Expired (in dollars per share)	45,013.33		45,013.33
Ending Balance (in dollars per share)	27.56	$ 899.48	27.56	$ 1,197
Exercisable (in dollars per share)	$ 557.32		$ 557.32
Weighted Average Remaining Contractual Term (years)
Outstanding	9 years 8 months 12 days	3 years 9 months 18 days	9 years 8 months 12 days	4 years
Granted	9 years 10 months 24 days		9 years 10 months 24 days
Forfeited			3 years
Exercisable			5 years 9 months 18 days
Stock Options, Inducement Awards
Number of Options
Ending Balance (in shares)	823		823

STOCK-BASED COMPENSATION - Schedule of fair value option assumptions (Details) - 2018 Equity Incentive Plan - Stock Options	9 Months Ended
	Sep. 30, 2024
Stock-Based Compensation (Details) [Line Items]
Expected volatility	128.00%
Expected dividend yield	0.00%
Expected term (in years)	10 years
Risk-free interest rate	3.83%

STOCK-BASED COMPENSATION - Schedule of stock-based compensation expense (Details) - USD ($)	3 Months Ended			9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Mar. 31, 2023	Sep. 30, 2024	Sep. 30, 2023
Stock-Based Compensation (Details) [Line Items]
Total stock-based compensation expense	$ 73,000	$ 131,000		$ 246,000	$ 467,000
Issuance of common stock for service			$ 100,000
Research and development
Stock-Based Compensation (Details) [Line Items]
Total stock-based compensation expense	5,000	3,000		13,000	12,000
Selling, general and administrative
Stock-Based Compensation (Details) [Line Items]
Total stock-based compensation expense	$ 68,000	128,000		$ 233,000	455,000
Issuance of common stock for service		$ 44,000			$ 100,000

STOCKHOLDERS' EQUITY - Narrative (Details)				1 Months Ended	3 Months Ended				9 Months Ended
STOCKHOLDERS' EQUITY - Narrative (Details)	Jul. 23, 2024	Nov. 29, 2023 $ / shares shares	Aug. 24, 2023 $ / shares shares	Aug. 31, 2024 $ / shares shares	Sep. 30, 2024 USD ($) $ / shares shares	Mar. 31, 2024 shares	Sep. 30, 2023 shares	Mar. 31, 2023 shares	Sep. 30, 2024 $ / shares shares	Jun. 30, 2024 USD ($)	Dec. 31, 2023 $ / shares
Stockholders’ Equity [Line Items]
Reverse stock split ratio, common stock	0.10
Warrants, issued (in shares)									1,036,279
Exercise price (in dollars per share) \| $ / shares					$ 12.63				$ 12.63		$ 29.53
Shelf registration, future offering availability, amount \| $										$ 1,575,944
Common stock, available for issuance (in shares)					315,189				315,189
Original Warrants
Stockholders’ Equity [Line Items]
Exercise price (in dollars per share) \| $ / shares				$ 4.60	$ 4.60				$ 4.60
Warrant exercise, gross proceeds \| $					$ 2,300,000
Warrant exercise, issuance cost \| $					$ 340,000
August 2023 Original Warrants
Stockholders’ Equity [Line Items]
Issuance of common stock upon exercise of warrants (in shares)				48,911
Warrants, issued (in shares)			48,911
Exercise price (in dollars per share) \| $ / shares			$ 86.40
Weighted average remaining life			2 years 1 month 6 days
November 2023 Original Warrants
Stockholders’ Equity [Line Items]
Issuance of common stock upon exercise of warrants (in shares)				456,591
Warrants, issued (in shares)		456,591
Exercise price (in dollars per share) \| $ / shares		$ 13.00
Weighted average remaining life		2 years 6 months
Series F-1, Series F-2 and Dealer Manager Warrants
Stockholders’ Equity [Line Items]
Warrants, issued (in shares)									1,036,279
Common Stock
Stockholders’ Equity [Line Items]
Issuance of common stock upon exercise of warrants (in shares)					505,502	460	2,625	10,250
Warrants, shares held in abeyance (in shares)					8,293
Common Stock \| Original Warrants
Stockholders’ Equity [Line Items]
Issuance of common stock upon exercise of warrants (in shares)				505,502

STOCKHOLDERS' EQUITY - Activity in stockholders' equity (Details) - USD ($) $ in Thousands	3 Months Ended						9 Months Ended
	Sep. 30, 2024	Jun. 30, 2024	Mar. 31, 2024	Sep. 30, 2023	Jun. 30, 2023	Mar. 31, 2023	Sep. 30, 2024	Sep. 30, 2023
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning Balance (in shares)			514,003				514,003
Beginning Balance	$ 3,114	$ 4,610	$ 6,351	$ 2,827	$ 3,497	$ 5,279	$ 6,351	$ 5,279
Stock-based compensation	73	88	85	88	113	166
Issuance of common stock upon exercise of warrants, net	1,977		6	1,788
Issuance of shares pursuant to the vesting of restricted stock units, net of shares withheld for taxes						(11)
Issuance of common stock for service						100
Issuance of common stock, net of issuance costs					1,210
Net loss	$ (1,513)	(1,584)	(1,832)	(1,947)	(1,993)	(2,037)	$ (4,929)	(5,977)
Ending Balance (in shares)	1,012,549						1,012,549
Ending Balance	$ 3,651	$ 3,114	$ 4,610	$ 2,756	$ 2,827	$ 3,497	$ 3,651	$ 2,756
Common Stock
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning Balance (in shares)	515,340	514,463	514,003	24,706	17,563	6,748	514,003	6,748
Beginning Balance	$ 1	$ 1	$ 1	$ 0	$ 0	$ 0	$ 1	$ 0
Issuance of common stock upon exercise of warrants (in shares)	505,502		460	2,625		10,250
Issuance of common stock for fractional shares in the 10:1 reverse stock split (in shares)		877
Issuance of shares pursuant to the vesting of restricted stock units, net of shares withheld for taxes (in shares)						111
Issuance of common stock for service (in shares)						454
Issuance of common stock, net of issuance costs (in shares)					7,143
Ending Balance (in shares)	1,020,842	515,340	514,463	27,331	24,706	17,563	1,020,842	27,331
Ending Balance	$ 1	$ 1	$ 1	$ 0	$ 0	$ 0	$ 1	$ 0
Additional Paid-In Capital
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning Balance	136,442	136,354	136,263	129,060	127,737	127,482	136,263	127,482
Stock-based compensation	73	88	85	88	113	166
Issuance of common stock upon exercise of warrants, net	1,977		6	1,788
Issuance of shares pursuant to the vesting of restricted stock units, net of shares withheld for taxes						(11)
Issuance of common stock for service						100
Issuance of common stock, net of issuance costs					1,210
Ending Balance	138,492	136,442	136,354	130,936	129,060	127,737	138,492	130,936
Accumulated Deficit
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning Balance	(133,329)	(131,745)	(129,913)	(126,233)	(124,240)	(122,203)	(129,913)	(122,203)
Net loss	(1,513)	(1,584)	(1,832)	(1,947)	(1,993)	(2,037)
Ending Balance	$ (134,842)	$ (133,329)	$ (131,745)	$ (128,180)	$ (126,233)	$ (124,240)	$ (134,842)	$ (128,180)

COMMON STOCK WARRANTS - Schedule of common stock warrant activity (Details) - $ / shares			9 Months Ended
	Nov. 29, 2023	Aug. 24, 2023	Sep. 30, 2024	Aug. 31, 2024	Dec. 31, 2023
Class of Warrant or Right [Line Items]
Exercise Price (in dollars per share)			$ 12.63		$ 29.53
Class of Warrant or Right, Outstanding [Roll Forward]
Beginning Balance (in shares)			777,528
Issued (in shares)			1,036,279
Exercised (in shares)			(505,962)
Expired (in shares)			(3)
Ending Balance (in shares)			1,307,842
Dealer Manager
Class of Warrant or Right [Line Items]
Warrant Type			Dealer Manager
Term Date			July 2024
Exercise Price (in dollars per share)			$ 81,000
Class of Warrant or Right, Outstanding [Roll Forward]
Beginning Balance (in shares)			3
Issued (in shares)			0
Exercised (in shares)			0
Expired (in shares)			(3)
Ending Balance (in shares)			0
Registered Direct Offering
Class of Warrant or Right [Line Items]
Warrant Type			Registered Direct Offering
Term Date			July 2025
Exercise Price (in dollars per share)			$ 21,600
Class of Warrant or Right, Outstanding [Roll Forward]
Beginning Balance (in shares)			60
Issued (in shares)			0
Exercised (in shares)			0
Expired (in shares)			0
Ending Balance (in shares)			60
Dealer Manager
Class of Warrant or Right [Line Items]
Warrant Type			Dealer Manager
Term Date			July 2025
Exercise Price (in dollars per share)			$ 24,000
Class of Warrant or Right, Outstanding [Roll Forward]
Beginning Balance (in shares)			4
Issued (in shares)			0
Exercised (in shares)			0
Expired (in shares)			0
Ending Balance (in shares)			4
Dealer Manager
Class of Warrant or Right [Line Items]
Warrant Type			Dealer Manager
Term Date			March 2025
Exercise Price (in dollars per share)			$ 9,015.12
Class of Warrant or Right, Outstanding [Roll Forward]
Beginning Balance (in shares)			4
Issued (in shares)			0
Exercised (in shares)			0
Expired (in shares)			0
Ending Balance (in shares)			4
Dealer Manager
Class of Warrant or Right [Line Items]
Warrant Type			Dealer Manager
Term Date			April 2025
Exercise Price (in dollars per share)			$ 9,528
Class of Warrant or Right, Outstanding [Roll Forward]
Beginning Balance (in shares)			47
Issued (in shares)			0
Exercised (in shares)			0
Expired (in shares)			0
Ending Balance (in shares)			47
Registered Direct Offering
Class of Warrant or Right [Line Items]
Warrant Type			Registered Direct Offering
Term Date			April 2025
Exercise Price (in dollars per share)			$ 7,320
Class of Warrant or Right, Outstanding [Roll Forward]
Beginning Balance (in shares)			20
Issued (in shares)			0
Exercised (in shares)			0
Expired (in shares)			0
Ending Balance (in shares)			20
Dealer Manager
Class of Warrant or Right [Line Items]
Warrant Type			Dealer Manager
Term Date			April 2026
Exercise Price (in dollars per share)			$ 5,174.4
Class of Warrant or Right, Outstanding [Roll Forward]
Beginning Balance (in shares)			34
Issued (in shares)			0
Exercised (in shares)			0
Expired (in shares)			0
Ending Balance (in shares)			34
Private Placement Agreement
Class of Warrant or Right [Line Items]
Warrant Type			Private Placement Agreement
Term Date			August 2026
Exercise Price (in dollars per share)			$ 5,318.4
Class of Warrant or Right, Outstanding [Roll Forward]
Beginning Balance (in shares)			540
Issued (in shares)			0
Exercised (in shares)			0
Expired (in shares)			0
Ending Balance (in shares)			540
Dealer Manager
Class of Warrant or Right [Line Items]
Warrant Type			Dealer Manager
Term Date			August 2026
Exercise Price (in dollars per share)			$ 6,835.4
Class of Warrant or Right, Outstanding [Roll Forward]
Beginning Balance (in shares)			136
Issued (in shares)			0
Exercised (in shares)			0
Expired (in shares)			0
Ending Balance (in shares)			136
Dealer Manager
Class of Warrant or Right [Line Items]
Warrant Type			Dealer Manager
Term Date			March 2026
Exercise Price (in dollars per share)			$ 6,000
Class of Warrant or Right, Outstanding [Roll Forward]
Beginning Balance (in shares)			60
Issued (in shares)			0
Exercised (in shares)			0
Expired (in shares)			0
Ending Balance (in shares)			60
Dealer Manager
Class of Warrant or Right [Line Items]
Warrant Type			Dealer Manager
Term Date			November 2027
Exercise Price (in dollars per share)			$ 525.000
Class of Warrant or Right, Outstanding [Roll Forward]
Beginning Balance (in shares)			892
Issued (in shares)			0
Exercised (in shares)			0
Expired (in shares)			0
Ending Balance (in shares)			892
Series C
Class of Warrant or Right [Line Items]
Warrant Type			Series C
Term Date			October 2028
Exercise Price (in dollars per share)			$ 194.40
Class of Warrant or Right, Outstanding [Roll Forward]
Beginning Balance (in shares)			7,142
Issued (in shares)			0
Exercised (in shares)			0
Expired (in shares)			0
Ending Balance (in shares)			7,142
Dealer Manager
Class of Warrant or Right [Line Items]
Warrant Type			Dealer Manager
Term Date			April 2028
Exercise Price (in dollars per share)			$ 262.50
Class of Warrant or Right, Outstanding [Roll Forward]
Beginning Balance (in shares)			534
Issued (in shares)			0
Exercised (in shares)			0
Expired (in shares)			0
Ending Balance (in shares)			534
Private Inducement
Class of Warrant or Right [Line Items]
Warrant Type			Private Inducement
Term Date			September 2024
Exercise Price (in dollars per share)			$ 86.42
Class of Warrant or Right, Outstanding [Roll Forward]
Beginning Balance (in shares)			23,810
Issued (in shares)			0
Exercised (in shares)			(23,810)
Expired (in shares)			0
Ending Balance (in shares)			0
Private Inducement
Class of Warrant or Right [Line Items]
Warrant Type			Private Inducement
Term Date			August 2028
Exercise Price (in dollars per share)			$ 86.42
Class of Warrant or Right, Outstanding [Roll Forward]
Beginning Balance (in shares)			25,101
Issued (in shares)			0
Exercised (in shares)			(25,101)
Expired (in shares)			0
Ending Balance (in shares)			0
Dealer Manager
Class of Warrant or Right [Line Items]
Warrant Type			Dealer Manager
Term Date			August 2028
Exercise Price (in dollars per share)			$ 108.04
Class of Warrant or Right, Outstanding [Roll Forward]
Beginning Balance (in shares)			1,222
Issued (in shares)			0
Exercised (in shares)			0
Expired (in shares)			0
Ending Balance (in shares)			1,222
Series D
Class of Warrant or Right [Line Items]
Warrant Type			Series D
Term Date			November 2028
Exercise Price (in dollars per share)			$ 13.00
Class of Warrant or Right, Outstanding [Roll Forward]
Beginning Balance (in shares)			381,615
Issued (in shares)			0
Exercised (in shares)			(230,589)
Expired (in shares)			0
Ending Balance (in shares)			151,026
Series E
Class of Warrant or Right [Line Items]
Warrant Type			Series E
Term Date			May 2025
Exercise Price (in dollars per share)			$ 13.00
Class of Warrant or Right, Outstanding [Roll Forward]
Beginning Balance (in shares)			307,460
Issued (in shares)			0
Exercised (in shares)			(226,462)
Expired (in shares)			0
Ending Balance (in shares)			80,998
Dealer Manager
Class of Warrant or Right [Line Items]
Warrant Type			Dealer Manager
Term Date			November 2028
Exercise Price (in dollars per share)			$ 16.25
Class of Warrant or Right, Outstanding [Roll Forward]
Beginning Balance (in shares)			28,844
Issued (in shares)			0
Exercised (in shares)			0
Expired (in shares)			0
Ending Balance (in shares)			28,844
Series F-1
Class of Warrant or Right [Line Items]
Warrant Type			Series F-1
Term Date			August 2029
Exercise Price (in dollars per share)			$ 4.35
Class of Warrant or Right, Outstanding [Roll Forward]
Beginning Balance (in shares)			0
Issued (in shares)			571,318
Exercised (in shares)			0
Expired (in shares)			0
Ending Balance (in shares)			571,318
Series F-2
Class of Warrant or Right [Line Items]
Warrant Type			Series F-2
Term Date			February 2026
Exercise Price (in dollars per share)			$ 4.35
Class of Warrant or Right, Outstanding [Roll Forward]
Beginning Balance (in shares)			0
Issued (in shares)			439,686
Exercised (in shares)			0
Expired (in shares)			0
Ending Balance (in shares)			439,686
Dealer Manager
Class of Warrant or Right [Line Items]
Warrant Type			Dealer Manager
Term Date			August 2029
Exercise Price (in dollars per share)			$ 5.75	$ 5.75
Class of Warrant or Right, Outstanding [Roll Forward]
Beginning Balance (in shares)			0
Issued (in shares)			25,275
Exercised (in shares)			0
Expired (in shares)			0
Ending Balance (in shares)			25,275
August 2023 Original Warrants
Class of Warrant or Right [Line Items]
Exercise Price (in dollars per share)		$ 86.40
Class of Warrant or Right, Outstanding [Roll Forward]
Issued (in shares)		48,911
November 2023 Original Warrants
Class of Warrant or Right [Line Items]
Exercise Price (in dollars per share)	$ 13.00
Class of Warrant or Right, Outstanding [Roll Forward]
Issued (in shares)	456,591

COMMON STOCK WARRANTS - Schedule of common stock warrant activity for the period (Details) - $ / shares	9 Months Ended	12 Months Ended
	Sep. 30, 2024	Dec. 31, 2023
Shares
Beginning Balance (in shares)	777,528
Issued (in shares)	1,036,279
Exercised (in shares)	(505,962)
Ending Balance (in shares)	1,307,842	777,528
Weighted Average Exercise Price Per Share
Beginning Balance (in dollars per share)	$ 29.53
Issued (in dollars per share)	4.38
Exercised (in dollars per share)	4.61
Expired (in dollars per share)	81,000
Ending Balance (in dollars per share)	$ 12.63	$ 29.53
Weighted Average Remaining Contractual Term (years)
Outstanding (in years)	3 years 3 months 18 days	3 years 4 months 24 days
Issued (in years)	3 years 4 months 24 days

COMMON STOCK WARRANTS - Narrative (Details) $ / shares in Units, $ in Thousands	1 Months Ended	3 Months Ended	9 Months Ended
	Aug. 31, 2024 USD ($) year $ / shares shares	Sep. 30, 2024 USD ($) $ / shares	Sep. 30, 2024 $ / shares shares	Aug. 24, 2024 $ / shares	Jan. 31, 2024 $ / shares	Dec. 31, 2023 $ / shares	Nov. 29, 2023 $ / shares	Aug. 24, 2023 $ / shares
Class of Warrant or Right [Line Items]
Exercise price (in dollars per share)		$ 12.63	$ 12.63			$ 29.53
Warrants, exercised (in shares) \| shares			505,962
Warrants, exercised (in dollars per share)		4.61	$ 4.61
Warrant Inducement August 2024
Class of Warrant or Right [Line Items]
Exercise price (in dollars per share)	$ 4.35
Warrant Inducement August 2024 \| Maximum
Class of Warrant or Right [Line Items]
Number of warrants (in shares) \| shares	1,011,004
5-Year New Warrants
Class of Warrant or Right [Line Items]
Warrants, fair value \| $	$ 1,900
5-Year New Warrants \| Measurement Input, Share Price
Class of Warrant or Right [Line Items]
Warrants, fair value, measurement input	4.10
5-Year New Warrants \| Measurement Input, Price Volatility
Class of Warrant or Right [Line Items]
Warrants, fair value, measurement input	1.18
5-Year New Warrants \| Measurement Input, Expected Term
Class of Warrant or Right [Line Items]
Warrants, fair value, measurement input \| year	5
5-Year New Warrants \| Measurement Input, Expected Dividend Rate
Class of Warrant or Right [Line Items]
Warrants, fair value, measurement input	0
5-Year New Warrants \| Measurement Input, Risk Free Interest Rate
Class of Warrant or Right [Line Items]
Warrants, fair value, measurement input	0.036
5-Year New Warrants \| Maximum
Class of Warrant or Right [Line Items]
Number of warrants (in shares) \| shares	571,318
18-Month New Warrants
Class of Warrant or Right [Line Items]
Warrants, fair value \| $	$ 1,200
18-Month New Warrants \| Measurement Input, Share Price
Class of Warrant or Right [Line Items]
Warrants, fair value, measurement input	4.10
18-Month New Warrants \| Measurement Input, Price Volatility
Class of Warrant or Right [Line Items]
Warrants, fair value, measurement input	1.53
18-Month New Warrants \| Measurement Input, Expected Term
Class of Warrant or Right [Line Items]
Warrants, fair value, measurement input \| year	1.5
18-Month New Warrants \| Measurement Input, Expected Dividend Rate
Class of Warrant or Right [Line Items]
Warrants, fair value, measurement input	0
18-Month New Warrants \| Measurement Input, Risk Free Interest Rate
Class of Warrant or Right [Line Items]
Warrants, fair value, measurement input	0.041
18-Month New Warrants \| Maximum
Class of Warrant or Right [Line Items]
Number of warrants (in shares) \| shares	439,686
Placement Agent Warrants August 2024
Class of Warrant or Right [Line Items]
Exercise price (in dollars per share)	$ 5.75	5.75	$ 5.75
Warrants, fair value \| $	$ 83
Warrants, exercised (in shares) \| shares			0
Placement Agent Warrants August 2024 \| Measurement Input, Share Price
Class of Warrant or Right [Line Items]
Warrants, fair value, measurement input	4.10
Placement Agent Warrants August 2024 \| Measurement Input, Price Volatility
Class of Warrant or Right [Line Items]
Warrants, fair value, measurement input	1.18
Placement Agent Warrants August 2024 \| Measurement Input, Expected Term
Class of Warrant or Right [Line Items]
Warrants, fair value, measurement input \| year	5
Placement Agent Warrants August 2024 \| Measurement Input, Expected Dividend Rate
Class of Warrant or Right [Line Items]
Warrants, fair value, measurement input	0
Placement Agent Warrants August 2024 \| Measurement Input, Risk Free Interest Rate
Class of Warrant or Right [Line Items]
Warrants, fair value, measurement input	0.036
Placement Agent Warrants August 2024 \| Maximum
Class of Warrant or Right [Line Items]
Number of warrants (in shares) \| shares	25,275
PreFunded Warrants, Issued in November 2022, Common Stock, Registered Direct Offering
Class of Warrant or Right [Line Items]
Warrants, exercised (in shares) \| shares			460
Warrants, exercised (in dollars per share)					$ 13.00
Original Warrants
Class of Warrant or Right [Line Items]
Exercise price (in dollars per share)	$ 4.60	$ 4.60	$ 4.60
Modification of terms related to certain warrants \| $		$ 386
August 2023 Original Warrants
Class of Warrant or Right [Line Items]
Exercise price (in dollars per share)								$ 86.40
Issuance of common stock upon exercise of warrants (in shares) \| shares	48,911
August 2023 Original Warrants \| Measurement Input, Share Price
Class of Warrant or Right [Line Items]
Warrants, fair value, measurement input	4.10
August 2023 Original Warrants \| Measurement Input, Price Volatility
Class of Warrant or Right [Line Items]
Warrants, fair value, measurement input	1.51
August 2023 Original Warrants \| Measurement Input, Expected Term
Class of Warrant or Right [Line Items]
Warrants, fair value, measurement input \| year	2.1
August 2023 Original Warrants \| Measurement Input, Expected Dividend Rate
Class of Warrant or Right [Line Items]
Warrants, fair value, measurement input	0
August 2023 Original Warrants \| Measurement Input, Risk Free Interest Rate
Class of Warrant or Right [Line Items]
Warrants, fair value, measurement input	0.039
November 2023 Original Warrants
Class of Warrant or Right [Line Items]
Exercise price (in dollars per share)							$ 13.00
Issuance of common stock upon exercise of warrants (in shares) \| shares	456,591
November 2023 Original Warrants \| Measurement Input, Share Price
Class of Warrant or Right [Line Items]
Warrants, fair value, measurement input				4.10
November 2023 Original Warrants \| Measurement Input, Price Volatility
Class of Warrant or Right [Line Items]
Warrants, fair value, measurement input	1.40
November 2023 Original Warrants \| Measurement Input, Expected Term
Class of Warrant or Right [Line Items]
Warrants, fair value, measurement input \| year	2.5
November 2023 Original Warrants \| Measurement Input, Expected Dividend Rate
Class of Warrant or Right [Line Items]
Warrants, fair value, measurement input	0
November 2023 Original Warrants \| Measurement Input, Risk Free Interest Rate
Class of Warrant or Right [Line Items]
Warrants, fair value, measurement input	0.038

LOSS PER SHARE -Schedule of outstanding potentially dilutive securities (Details) - shares	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Total (in shares)	43,889	25,938	454,619	332,034
Common stock warrants
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Total (in shares)	0	25,938	370,326	327,751
Stock options
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Total (in shares)	43,889	0	84,293	4,283

SEGMENT INFORMATION - Narrative (Details)	9 Months Ended
SEGMENT INFORMATION - Narrative (Details)	Sep. 30, 2024 segement
Segment Reporting [Abstract]
Number of operating segments	1

SEGMENT INFORMATION - Revenue by Geographic Region (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenues, net	$ 482	$ 360	$ 1,356	$ 898
United States
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenues, net	482	360	1,314	898
International
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenues, net	$ 0	$ 0	$ 42	$ 0

SEGMENT INFORMATION - Revenue Concentration Risk Percentage (Details) - Revenue Benchmark - Customer Concentration Risk	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
All distributors
Revenue, Major Customer [Line Items]
Percentage of accounts receivable	41.00%	19.00%	41.00%	12.00%
Distributor A
Revenue, Major Customer [Line Items]
Percentage of accounts receivable	6.00%	6.00%	10.00%	3.00%
Distributor B
Revenue, Major Customer [Line Items]
Percentage of accounts receivable	14.00%	0.00%	8.00%	0.00%

SEGMENT INFORMATION - Accounts Receivable Concentration Risk Percentage (Details) - Accounts Receivable Benchmark - Customer Concentration Risk	9 Months Ended	12 Months Ended
	Sep. 30, 2024	Dec. 31, 2023
Distributor A
Revenue, Major Customer [Line Items]
Percentage of accounts receivable	43.00%	13.00%
End customer A
Revenue, Major Customer [Line Items]
Percentage of accounts receivable	0.00%	19.00%
End customer B
Revenue, Major Customer [Line Items]
Percentage of accounts receivable	0.00%	13.00%

SUBSEQUENT EVENTS - Narrative (Details) - USD ($) $ in Thousands	1 Months Ended	9 Months Ended
	Nov. 12, 2024	Sep. 30, 2024	Sep. 30, 2023	Dec. 31, 2023
Subsequent Event [Line Items]
Common stock, shares issued (in shares)		1,020,842		514,003
Gross proceeds from issuance of common stock		$ 0	$ 2,998
Subsequent Event \| ATM Financing
Subsequent Event [Line Items]
Common stock, shares issued (in shares)	12,802
Gross proceeds from issuance of common stock	$ 38

SenesTech (NASDAQ:SNES)
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