XML 12 R6.htm IDEA: XBRL DOCUMENT v3.24.2.u1
Condensed Statements of Cash Flows (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2024
Jun. 30, 2023
CASH FLOWS FROM OPERATING ACTIVITIES:      
Net loss $ (5,631,000) $ (9,528,000) $ (12,022,000)
Adjustments to reconcile net loss to net cash used in operating activities:      
Depreciation 25,000 53,000 61,000
Stock-based compensation   208,000 255,000
Change in fair value of warrant liability (156,000) (1,362,000) 0
Change in fair value of derivative asset 81,000 81,000  
Changes in operating assets and liabilities:      
Accounts receivable   (84,000) 164,000
Prepaid expenses and other current assets   (57,000) 152,000
Accounts payable   1,196,000 90,000
Accrued expenses   509,000 753,000
Deferred revenue   (63,000)  
Net cash used in operating activities   (9,047,000) (10,547,000)
CASH FLOWS FROM INVESTING ACTIVITIES:      
Purchase of property and equipment   (14,000) (49,000)
Net cash used in investing activities   (14,000) (49,000)
CASH FLOWS FROM FINANCING ACTIVITIES:      
Proceeds from issuance of common stock, and pre-funded warrants in private placement offerings   2,529,000  
Proceeds from issuance of warrants in private placement offerings   1,113,000  
Proceeds from private offering of common stock     5,001,000
Payments of long-term debt   (26,000) (38,000)
Proceeds from issuance of preferred stock and accompanying warrants   1,697,000  
Proceeds from issuance of common stock, and private placement warrants   2,446,000  
Proceeds from issuance of common stock     1,150,000
Net cash provided by financing activities   7,759,000 6,113,000
NET INCREASE/(DECREASE) IN CASH AND CASH EQUIVALENTS   (1,302,000) (4,483,000)
CASH AND CASH EQUIVALENTS–Beginning of period   1,535,000 6,391,000
CASH AND CASH EQUIVALENTS–End of period $ 233,000 $ 233,000 $ 1,908,000