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, 2024
Mar. 31, 2023
Cash Flows From Operating Activities    
Net loss $ (4,606) $ (4,136)
Adjustments to reconcile net loss to net cash used in operating activities    
Stock-based compensation expense 1,207 393
Changes in operating assets and liabilities:    
Prepaid expenses and other current assets 33 (26)
Accounts payable and accrued expenses (97) 655
Net cash used in operating activities (3,463) (3,114)
Cash Flows From Investing Activities    
Purchase of property and equipment (88) 0
Net cash used in investing activities (88) 0
Cash Flows From Financing Activities    
Proceeds from sale of equity, net of issuance costs 0 494
Proceeds from exercise of warrants 0 16
Net cash provided by financing activities 0 510
Net decrease in cash and restricted cash (3,551) (2,604)
Cash, cash equivalents and restricted cash – Beginning of period 16,239 3,594
Cash, cash equivalents and restricted cash – Ending of period 12,688 990
Reconciliation of cash, cash equivalents and restricted cash:    
Cash and cash equivalents 12,638 990
Restricted cash (included in other assets) 50 0
Total cash, cash equivalents and restricted cash $ 12,688 $ 990