XML 20 R7.htm IDEA: XBRL DOCUMENT v3.22.1
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Cash flows from operating activities    
Net loss $ (11,031) $ (10,206)
Adjustments to reconcile net loss to cash used in operating activities:    
Depreciation and amortization 220 182
Change in fair value of warrants 0 957
Loan forgiveness income 0 (333)
Loss on disposal of fixed assets 0 206
Expense for 401(k) company common stock match 112 109
Stock-based compensation 1,675 739
Noncash lease expense 358 429
Deferred tax asset 35 56
Changes in operating assets and liabilities:    
Accounts receivable (78) (14)
Unbilled receivables (7) (7)
Prepaid expenses and other assets 63 (69)
Accounts payable 23 (219)
Accrued expenses (160) 99
Other liabilities (6) 13
Lease liabilities (457) (601)
Net cash used in operating activities (9,253) (8,659)
Cash flows from investing activities    
Purchase of property and equipment (189) (76)
Proceeds from sale of property and equipment 0 10
Purchase of investments (10,639) (9,279)
Proceeds from sale and maturity of short-term investments 6,250 8,700
Net cash used in investing activities (4,578) (645)
Cash flows from financing activities    
Proceeds from warrants exercised 3,856 1,658
Proceeds from PPP loan 0 333
Proceeds from securities offerings, net of issuance costs 11,993 5,305
Taxes paid on employees' behalf related to vesting of stock awards (103) (17)
Net cash provided in financing activities 15,746 7,279
Effect of exchange rate changes on cash, cash equivalents and restricted cash (9) (37)
Net increase (decrease) in cash, cash equivalents and restricted cash 1,906 (2,062)
Cash, cash equivalents and restricted cash at beginning of year 3,687 5,749
Cash, cash equivalents and restricted cash at end of year 5,593 3,687
Supplemental Cash Flow Disclosure:    
Interest paid $ 9 $ 8