$SNES

SenesTech, Inc.

CIK:0001680378|SEC Filings

CONDENSED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025	Jun. 30, 2026	Jun. 30, 2025
Income Statement [Abstract]
Revenues, net	$ 770	$ 625	$ 1,263	$ 1,110
Cost of sales	203	216	358	388
Gross profit	567	409	905	722
Operating expenses:
Research and development	377	427	799	845
Selling, general and administrative	2,052	1,596	4,087	3,154
Total operating expenses	2,429	2,023	4,886	3,999
Loss from operations	(1,862)	(1,614)	(3,981)	(3,277)
Interest income (expense):
Interest income	35	4	95	7
Interest expense	(5)	(6)	(9)	(11)
Interest income (expense), net	30	(2)	86	(4)
Net loss	(1,832)	(1,616)	(3,895)	(3,281)
Comprehensive loss	$ (1,832)	$ (1,616)	$ (3,895)	$ (3,281)
Weighted average shares outstanding - basic (in shares)	5,303,426	1,854,531	5,283,681	1,578,783
Weighted average shares outstanding - diluted (in shares)	5,303,426	1,854,531	5,283,681	1,578,783
Net loss per share - basic (in dollars per share)	$ (0.35)	$ (0.87)	$ (0.74)	$ (2.08)
Net loss per share - diluted (in dollars per share)	$ (0.35)	$ (0.87)	$ (0.74)	$ (2.08)

CONDENSED STATEMENTS OF CASH FLOWS - USD ($)	6 Months Ended
CONDENSED STATEMENTS OF CASH FLOWS - USD ($)	Jun. 30, 2026	Jun. 30, 2025
Cash flows from operating activities:
Net loss	$ (3,895,000)	$ (3,281,000)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation and amortization	62,000	74,000
Stock-based compensation	205,000	181,000
Operating lease	15,000	38,000
Bad debt expense	0	6,000
Accretion of interest on held-to-maturity investments	(6,000)	0
Changes in operating assets and liabilities:
Accounts receivable	(160,000)	(141,000)
Prepaid expenses and other current assets	(76,000)	139,000
Inventory	25,000	83,000
Accounts payable	131,000	(92,000)
Accrued expenses	81,000	286,000
Deferred revenue	(20,000)	0
Net cash used in operating activities	(3,638,000)	(2,707,000)
Cash flows from investing activities:
Maturity of held-to-maturity investment	1,000,000	0
Purchase of property and equipment	0	(83,000)
Net cash provided by (used in) investing activities	1,000,000	(83,000)
Cash flows from financing activities:
Proceeds from the exercise of warrants, net	0	4,860,000
Proceeds from issuances of common stock, net	173,000	2,706,000
Repayments of notes payable	(30,000)	(28,000)
Net cash provided by financing activities	143,000	7,538,000
Increase (decrease) in cash and cash equivalents	(2,495,000)	4,748,000
Cash and cash equivalents, beginning of period	7,575,000	1,307,000
Cash and cash equivalents, end of period	5,080,000	6,055,000
Supplemental cash flow information is as follows:
Interest paid	4,000	11,000
Income taxes paid	0	0
Non-cash investing and financing activities:
Operating lease entered into for right-to-use asset	$ 0	$ 2,439,000

CONDENSED BALANCE SHEETS - USD ($) $ in Thousands	Jun. 30, 2026	Dec. 31, 2025
Current assets:
Cash and cash equivalents	$ 5,080	$ 7,575
Short-term investments	0	994
Accounts receivable, net	361	201
Inventory	969	994
Prepaid expenses and other current assets	373	297
Total current assets	6,783	10,061
Right to use asset, operating lease	2,253	2,336
Property and equipment, net	348	410
Other noncurrent assets	36	36
Total assets	9,420	12,843
Current liabilities:
Accounts payable	314	183
Accrued expenses	464	383
Current portion of operating lease liability	146	139
Current portion of notes payable	65	61
Deferred revenue	12	32
Total current liabilities	1,001	798
Operating lease liability, less current portion	2,257	2,332
Notes payable, less current portion	111	145
Total liabilities	3,369	3,275
Commitments and contingencies (see notes)
Stockholders’ equity:
Preferred stock, $0.001 par value, 10,000,000 shares authorized, none issued and outstanding as of June 30, 2026 and December 31, 2025	0	0
Common stock, $0.001 par value, 100,000,000 shares authorized, 5,303,426 and 5,223,015 shares issued and outstanding as of June 30, 2026 and December 31, 2025, respectively	5	5
Additional paid-in capital	152,421	152,043
Accumulated deficit	(146,375)	(142,480)
Total stockholders’ equity	6,051	9,568
Total liabilities and stockholders’ equity	$ 9,420	$ 12,843