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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Cash flows from operating activities    
Net loss $ (662) $ (610)
Adjustments to reconcile net loss to net cash used in operating activities    
Gain on sale of in-process research and development (139) (445)
Accretion on short-term investments (26)  
Stock-based compensation expense 64 37
Changes in operating assets and liabilities:    
Prepaid expenses and other current assets (85) (210)
Accounts payable, accrued expenses and other (178) (121)
Other assets 2 56
Net cash used in operating activities (1,024) (1,293)
Cash flows from investing activities    
Net proceeds from sale of in process research and development 139 445
Purchases of short-term investments (8,811)  
Net cash (used in) provided by investing activities (8,672) 445
Cash flows from financing activities    
Proceeds from exercise of stock options 388  
Net cash provided by financing activities 388  
Net decrease in cash and cash equivalents (9,308) (848)
Cash and cash equivalents, beginning of period 19,439 14,203
Cash and cash equivalents, end of period $ 10,131 $ 13,355