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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS UNAUDITED - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Cash flows from operating activities    
Net loss $ (7,463) $ (6,774)
Adjustments to reconcile net loss to cash used in operating activities:    
Depreciation and amortization 145 128
Charge for 401(k) company common stock match 63 76
Stock-based compensation 830 1,011
Non-cash lease expense 110 192
Deferred income tax provision 0 19
Changes in operating assets and liabilities:    
Accounts receivable 0 129
Unbilled receivables 30 6
Prepaid expenses and other assets (48) (37)
Accounts payable 331 (59)
Accrued expenses 436 (80)
Lease liabilities (180) (251)
Net cash used in operating activities (5,746) (5,640)
Cash flows from investing activities    
Purchase of property and equipment (27) (133)
Purchase of investments 0 (710)
Proceeds from the maturity of short-term investments 1,991 4,371
Net cash provided by investing activities 1,964 3,528
Cash flows from financing activities    
Proceeds from issuance of common stock and warrants in equity offering, net of issuance costs 2,717 0
Proceeds from At-the-Market offering, net of issuance costs 103 0
Proceeds for convertible debt note 1,000 0
Taxes paid on employees' behalf related to vesting of stock awards (41) (14)
Net cash provided by (used by) financing activities 3,779 (14)
Effect of exchange rate changes on cash, cash equivalents and restricted cash (17) (23)
Net decrease in cash, cash equivalents and restricted cash (20) (2,149)
Cash, cash equivalents and restricted cash at beginning of period 2,620 5,593
Cash, cash equivalents and restricted cash at end of period 2,600 3,444
Supplemental disclosure of non-cash information:    
Right-of-use assets acquired in exchange for lease liabilities $ 100 $ 0