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Condensed Consolidated Statements of Cash Flows (unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Cash flows from operating activities:    
Net loss $ (22,452) $ (16,255)
Adjustments to reconcile net loss to net cash used in operating activities:    
Stock-based compensation 2,162 1,610
Depreciation expense 136 284
Net amortization of premium on short-term investments (933) (726)
Changes in operating assets and liabilities:    
Prepaid expenses and other current assets (257) 843
Operating lease right-of-use assets (824) 398
Other assets 568 (2,446)
Accounts payable (560) 3,295
Accrued expenses and other current liabilities 827 (2,318)
Operating lease liabilities (590) (125)
Deferred revenue (532) (410)
Net cash used in operating activities (22,455) (15,850)
Cash flows from investing activities:    
Purchases of property and equipment (2,149) (45)
Purchases of short-term investments (20,525) (4,440)
Maturity of short-term investments 30,531 9,800
Net cash provided by investing activities 7,857 5,315
Cash flows from financing activities:    
Proceeds from sale of common stock, purchase warrants and pre-funded warrants, net of issuance costs 8,810  
Payment of deferred offering costs (169)  
Proceeds from exercise of stock options 3 4
Net cash provided by financing activities 8,644 4
Net decrease in cash, cash equivalents and restricted cash (5,954) (10,531)
Cash, cash equivalents and restricted cash, beginning of period 23,745 33,942
Cash, cash equivalents and restricted cash, end of period 17,791 $ 23,411
Supplemental disclosure of non-cash financing and investing activities:    
Property and equipment purchases included in accounts payable 350  
Right of Use Asset in Exchange for Lease Liability 13,667  
Prepaid expenses for right-of-use asset included in operating lease liabilities 688  
Deferred offering costs included in accounts payable and accrued expense $ 121