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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Cash flows from operating activities:    
Net (loss) $ (7,300) $ (8,121)
Adjustments to reconcile net loss to cash flows from operating activities:    
Depreciation 10 10
Stock-based compensation 872 948
Changes in assets and liabilities:    
Accounts receivables (48) 2
Prepaid expenses and other assets 371 337
Accounts payable (50) (115)
Accrued payroll and related expenses 94 37
Other liabilities (781) 306
Net cash used in operating activities (6,832) (6,596)
Cash flows from investing activities:    
Purchase of property and equipment 0 (11)
Purchase of investments (11,411) (18,248)
Proceeds from sale or maturity of investments 12,247 24,854
Net cash provided by investing activities 836 6,595
Cash flows from financing activities:    
Payment of payroll taxes on equity awards (7) (3)
Net cash used in financing activities (7) (3)
Net change in cash and cash equivalents (6,003) (4)
Cash and cash equivalents, beginning of period 23,296 26,289
Cash and cash equivalents, end of period 17,293 26,285
Non-cash transactions    
ROU asset and lease liability at lease modification date (Note 8) $ 600 $ 5,512