Quarterly report pursuant to Section 13 or 15(d)

Statements of Cash Flows (Unaudited)

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Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Cash Flows From Operating Activities    
Net loss $ (9,250) $ (2,343)
Adjustments to reconcile net loss to net cash used in operating activities    
Accretion expense, convertible notes 0 1,187
Non-cash interest expense 0 233
Stock-based compensation expense 774 85
PPP loan forgiveness 0 (22)
Changes in operating assets and liabilities:    
Prepaid expenses and other current assets 683 (139)
Accounts payable and accrued expenses 800 210
Net cash used in operating activities (6,993) (789)
Cash Flows From Financing Activities    
Proceeds from sale of equity 348 0
Proceeds from exercise of stock options 2 0
Proceeds from issuance of convertible notes 0 1,560
Net cash provided by financing activities 350 1,560
Net (decrease) increase in cash (6,643) 771
Cash and Cash Equivalents – Beginning of period 13,192 24
Cash and Cash Equivalents – Ending of period 6,549 795
Supplemental Disclosures of Cash Flow Information:    
Taxes paid 0 0
Supplemental Disclosures of Non-cash Financing Activities:    
Issuance of common stock and warrants to settle accrued expenses 456 0
Conversion of short-term notes to convertible notes $ 0 $ 1,856