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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS UNAUDITED - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Cash flows from operating activities    
Net loss $ (11,189) $ (10,263)
Adjustments to reconcile net loss to cash used in operating activities:    
Depreciation and amortization 217 197
Charge for 401(k) company common stock match 91 111
Stock-based compensation 1,209 1,458
Non-cash lease expense 192 291
Deferred income tax provision 0 37
Changes in operating assets and liabilities:    
Accounts receivable 0 127
Unbilled receivables 30 (5)
Prepaid expenses and other assets 121 52
Accounts payable 272 21
Accrued expenses 1,002 17
Lease liabilities (302) (385)
Net cash used in operating activities (8,357) (8,342)
Cash flows from investing activities    
Purchase of property and equipment (26) (154)
Purchase of investments 0 (1,195)
Proceeds from the maturity of short-term investments 1,991 8,371
Net cash provided by investing activities 1,965 7,022
Cash flows from financing activities    
Proceeds from issuance of common stock and warrants in equity offerings, net of issuance costs 5,842 0
Proceeds from At-the-Market offering, net of issuance costs 103 0
Proceeds for convertible debt note, net of issuance costs 967 0
Taxes paid on employees' behalf related to vesting of stock awards (41) (37)
Net cash provided by (used in) financing activities 6,871 (37)
Effect of exchange rate changes on cash, cash equivalents and restricted cash (18) (50)
Net increase (decrease) in cash, cash equivalents and restricted cash 461 (1,407)
Cash, cash equivalents and restricted cash at beginning of period 2,620 5,593
Cash, cash equivalents and restricted cash at end of period 3,081 4,186
Supplemental disclosure of non-cash information:    
Right-of-use assets acquired in exchange for lease liabilities $ 138 $ 0