v3.24.2.u1
Condensed Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Cash Flows From Operating Activities        
Net loss $ (4,956) $ (3,154) $ (9,562) $ (7,290)
Adjustments to reconcile net loss to net cash used in operating activities        
Stock based compensation expense     2,247 1,095
Changes in operating assets and liabilities:        
Prepaid expenses and other current assets     92 152
Accounts payable and accrued expenses     210 (1,094)
Net cash used in operating activities     (7,013) (7,137)
Cash Flows From Investing Activities        
Purchase of property and equipment     (98) 0
Purchase of short-term investments     0 (3,939)
Net cash used in investing activities     (98) (3,939)
Cash Flows From Financing Activities        
Proceeds from sale of equity, net of issuance costs     76 24,764
Proceeds from exercise of stock options     8 103
Proceeds from exercise of warrants     0 16
Net cash provided by financing activities     84 24,883
Net increase (decrease) in cash and restricted cash     (7,027) 13,807
Cash, cash equivalents and restricted cash – Beginning of period     16,239 3,594
Cash, cash equivalents and restricted cash – Ending of period 9,212 17,401 9,212 17,401
Reconciliation of cash, cash equivalents and restricted cash:        
Cash and cash equivalents 9,157 17,401 9,157 17,401
Restricted cash (included in other assets) 55 0 55 0
Total cash, cash equivalents and restricted cash $ 9,212 $ 17,401 9,212 17,401
Supplemental Disclosures of Cash Flow Information:        
Purchase of property and equipment in accounts payable     16 0
Taxes paid     $ 0 $ 0

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