Quarterly report pursuant to Section 13 or 15(d)

Condensed Statements of Cash Flows (Unaudited)

v3.23.3
Condensed Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
 3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Cash Flows From Operating Activities        
Net loss $ (3,470) $ (3,579) $ (10,760) $ (9,250)
Adjustments to reconcile net loss to net cash used in operating activities        
Stock-based compensation expense     2,021 774
Changes in operating assets and liabilities:        
Prepaid expenses and other current assets     150 683
Accounts payable and accrued expenses     (646) 800
Net cash used in operating activities     (9,235) (6,993)
Cash Flows From Investing Activities        
Purchase of property and equipment     (144) 0
Net cash used in investing activities     (144) 0
Cash Flows From Financing Activities        
Proceeds from sale of equity, net of issuance costs     24,764 348
Proceeds from exercise of stock options 100 0 214 2
Proceeds from exercise of warrants     16 0
Net cash provided by financing activities     24,994 350
Net increase (decrease) in cash and restricted cash     15,615 (6,643)
Cash, cash equivalents and restricted cash - beginning of period     3,594 13,192
Cash, cash equivalents and restricted cash - at end of period 19,209 6,549 19,209 6,549
Supplemental Disclosures of Cash Flow Information:        
Taxes paid     0 0
Interest paid     0 0
Supplemental Disclosures of Non-cash Flow Information:        
Issuance of common stock and warrants to settle accrued expenses     0 456
Reconciliation of cash, cash equivalents and restricted cash:        
Cash and cash equivalents 19,184 6,549 19,184 6,549
Restricted cash (included in other assets) $ 25 $ 0 $ 25 $ 0