Quarterly report pursuant to Section 13 or 15(d)

Condensed Statements of Cash Flows (Unaudited)

v3.23.2
Condensed Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Cash Flows From Operating Activities    
Net loss $ (7,290) $ (5,671)
Adjustments to reconcile net loss to net cash used in operating activities    
Stock-based compensation expense 1,095 423
Changes in operating assets and liabilities:    
Prepaid expenses and other current assets 152 342
Accounts payable and accrued expenses (1,094) 638
Net cash used in operating activities (7,137) (4,268)
Cash Flows From Investing Activities    
Purchase of short-term investments (3,939) 0
Net cash used in investing activities (3,939) 0
Cash Flows From Financing Activities    
Proceeds from sale of equity, net of issuance costs 24,764 348
Proceeds from exercise of stock options 103 2
Proceeds from exercise of warrants 16 0
Net cash provided by financing activities 24,883 350
Net increase (decrease) in cash 13,807 (3,918)
Cash and Cash Equivalents – Beginning of period 3,594 13,192
Cash and Cash Equivalents – Ending of period 17,401 9,274
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