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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Cash flows from operating activities    
Net loss $ (1,181) $ (1,544)
Adjustments to reconcile net loss to net cash used in operating activities    
Gain on sales of in process research and development (139) (445)
Accretion on short-term investments (298)  
Stock-based compensation expense 160 71
Changes in operating assets and liabilities:    
Prepaid expenses and other assets 80 91
Accounts payable, accrued expenses and other (148) 27
Other assets 4 58
Net cash used in operating activities (1,522) (1,742)
Cash flows from investing activities    
Proceeds from sale of in-process research and development assets 139 445
Proceeds from maturity of short-term investments 6,000  
Purchases of short-term investments (18,588)  
Net cash (used in) provided by investing activities (12,449) 445
Cash flows from financing activities    
Proceeds from exercise of options 521 6,533
Net cash provided by financing activities 521 6,533
Net (decrease) increase in cash and cash equivalents (13,450) 5,236
Cash and cash equivalents, beginning of year 19,439 14,203
Cash and cash equivalents, end of year $ 5,989 $ 19,439