XML 23 R6.htm IDEA: XBRL DOCUMENT v3.23.1
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss $ (38,776) $ (30,527)
Adjustments to reconcile net loss to net cash flows from operating activities:    
Amortization of right to use asset 32 41
Stock-based compensation expense 2,867 2,076
Non-cash interest expense 410 283
Change in fair value of derivative (557) (138)
Changes in operating assets and liabilities:    
Prepaid expenses and other assets 101 65
Accrued interest on convertible notes payable and convertible line of credit - related party 623 206
Accounts payable, accrued expenses and other liabilities 4,244 3,686
Net cash flows from operating activities (31,056) (24,308)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Net cash from investing activities 0 0
CASH FLOWS FROM FINANCING ACTIVITIES:    
Net proceeds from convertible line of credit - related party 10,000 0
Net proceeds from convertible note payable - related party 0 30,000
Net proceeds from issuance of common stock 0 6,814
Net cash flows from financing activities 10,000 36,814
NET (DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS (21,056) 12,506
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD 39,648 27,142
CASH AND CASH EQUIVALENTS, END OF PERIOD 18,592 39,648
NONCASH FINANCING ACTIVITIES:    
Payment of preferred stock dividends in common stock 97 171
Fair value of derivative related to related party convertible note payable 0 1,268
Reclassification of accrued bonus to additional paid in capital 200 60
Noncash right to use lease asset 111 0
Common stock purchase warrants issued in connection with related party line of credit $ 899 $ 0