Quarterly report pursuant to Section 13 or 15(d)

Condensed Statements of Cash Flows (Unaudited)

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Condensed Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Cash Flows From Operating Activities    
Net loss $ (4,136) $ (2,146)
Adjustments to reconcile net loss to net cash used in operating activities    
Stock-based compensation expense 393 159
Changes in operating assets and liabilities:    
Prepaid expenses and other current assets (26) (734)
Accounts payable and accrued expenses 655 382
Net cash used in operating activities (3,114) (2,339)
Cash Flows From Financing Activities    
Proceeds from sale of equity, net of issuance costs 494 348
Proceeds from exercise of warrants 16 0
Net cash provided by financing activities 510 348
Net decrease in cash (2,604) (1,991)
Cash and Cash Equivalents – Beginning of period 3,594 13,192
Cash and Cash Equivalents – Ending of period 990 11,201
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 $ 0 $ 456