SIGNIFICANT ACCOUNTING POLICIES (Tables)

12 Months Ended

Dec. 31, 2022

SIGNIFICANT ACCOUNTING POLICIES

Schedule of cash and cash equivalents

	December 31,
(In thousands)	2022		2021
Cash	$	55	$	5
Money market funds		16,296		19,026
Total cash and cash equivalents	$	16,351	$	19,031

Summary of estimated useful lives

Classification	Estimated Useful Life
Computer hardware	3 - 5 years
Software	3 years
Research and lab equipment	5 years
Leasehold improvements	Remaining life of lease

Schedule of earnings per share, basic and diluted

Basic and diluted net loss per share of common stock has been computed by dividing net loss by the weighted average number of shares outstanding during the period as follows:

	Year Ended December 31,
	2022		2021
Numerator:
Net loss (in thousands)	$	(10,490)	$	(9,895)
Denominator:
Weighted average shares used in calculating net loss per share — basic and diluted		1,536,474		1,323,659
Net loss per share — basic and diluted	$	(6.83)	$	(7.48)

Schedule of potentially dilutive securities not included in the computation of net loss per share because effect would be anti-dilutive

	December 31,
	2022	2021
Warrants	3,064,877	563,162
Stock options	136,568	14,582
Unvested RSAs	—	254
Total potentially dilutive securities	3,201,445	577,998