v3.25.2
Condensed Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Cash Flows From Operating Activities        
Net loss $ (4,974) $ (4,956) $ (10,458) $ (9,562)
Adjustments to reconcile net loss to net cash used in operating activities        
Depreciation     15 0
Stock based compensation expense     2,286 2,247
Changes in operating assets and liabilities:        
Prepaid expenses and other current assets     85 92
Accounts payable and accrued expenses     150 210
Net cash used in operating activities     (7,922) (7,013)
Cash Flows From Investing Activities        
Purchase of property and equipment     (102) (98)
Purchase of short-term investments     (3,760) 0
Maturities of short-term investments     1,963 0
Net cash used in investing activities     (1,899) (98)
Cash Flows From Financing Activities        
Proceeds from exercise of stock options     0 8
Net cash provided by financing activities     10,700 84
Net increase (decrease) in cash and restricted cash     879 (7,027)
Cash, cash equivalents and restricted cash – Beginning of period     2,433 16,239
Cash, cash equivalents and restricted cash – Ending of period 3,312 9,212 3,312 9,212
Reconciliation of cash, cash equivalents and restricted cash:        
Cash and cash equivalents 3,256 9,157 3,256 9,157
Restricted cash (included in other assets) 56 55 56 55
Total cash, cash equivalents and restricted cash $ 3,312 $ 9,212 3,312 9,212
Supplemental Disclosures of Cash Flow Information:        
Purchase of property and equipment in accounts payable     27 16
Taxes paid     0 0
Public Stock Offering        
Cash Flows From Financing Activities        
Proceeds from sale of equity, net of issuance costs     10,250 0
At The Market Offering        
Cash Flows From Financing Activities        
Proceeds from sale of equity, net of issuance costs     $ 450 $ 76

Source

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