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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Operating activities    
Net loss $ (12,209) $ (10,546)
Adjustments to reconcile net loss to net cash used in by operating activities:    
Share-based compensation expense 2,112 1,772
Depreciation and amortization 122 54
Amortization of premiums and accretion of discounts on short-term investments, net (523) 0
Change in operating assets and liabilities:    
Prepaid expenses and other assets (379) (1,455)
Other assets 142 142
Accounts payable (459) 321
Accrued expenses (146) (1,650)
Lease liabilities, net 0 (1)
Net cash used in operating activities (11,340) (11,363)
Investing activities    
Purchases of short-term investments (27,622) 0
Proceeds from maturity of short-term investments 20,272 0
Net cash used in investing activities (7,350) 0
Financing activities    
Issuance of common stock, net of issuance costs 0 1
Exercise of warrants and stock options to purchase common stock 16 7
Net cash provided by financing activities 16 8
Net decrease in cash and cash equivalents (18,674) (11,355)
Cash and cash equivalents at beginning of period 36,773 103,554
Cash and cash equivalents at end of period 18,099 92,199
Supplemental disclosure of cash flow information    
Interest paid 579 102
Interest income 878 10
Supplemental disclosure of noncash activities    
Operating lease right-of-use assets obtained in exchange for operating lease liabilities $ 381 $ 0