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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Cash flows from operating activities    
Net loss $ (271) $ (132)
Adjustments to reconcile net loss to net cash used in operating activities    
Gain on sale of in-process research and development (139) (445)
Stock-based compensation expense 17 20
Changes in operating assets and liabilities:    
Prepaid expenses and other current assets 162 162
Accounts payable, accrued expenses and other (126) 2
Other assets 1 39
Net cash used in operating activities (356) (354)
Cash flows from investing activities    
Net proceeds from sale of in process research and development 139 445
Net cash provided by investing activities 139 445
Cash flows from financing activities    
Proceeds from exercise of stock options 179  
Net cash provided by financing activities 179  
Net (decrease) increase in cash and cash equivalents (38) 91
Cash and cash equivalents, beginning of period 19,439 14,203
Cash and cash equivalents, end of period $ 19,401 $ 14,294