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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Cash flows from operating activities:    
Net loss $ (24,144) $ (29,204)
Adjustment to reconcile net loss to net cash used in operating activities:    
Non-cash stock-based compensation 1,191 1,597
Non-cash lease expense 413 367
Change in fair value of common stock warrants 0 (4)
Changes in operating assets and liabilities:    
Prepaid expenses and other assets (2,130) (581)
Accounts payable (1,021) 983
Accrued expenses and other current liabilities (2,160) 643
Operating lease liabilities (398) (386)
Net cash used in operating activities (28,249) (26,585)
Cash flows from investing activities:    
Cash paid for acquisition of in-process research and development 0 (5,500)
Net cash used in investing activities 0 (5,500)
Cash flows from financing activities:    
Proceeds from issuance of common stock and common stock warrants, net of issuance costs 46,093 18,554
Proceeds from issuance of common stock, net of issuance costs 0 268
Proceeds from the exercise of common stock warrants 559 0
Proceeds from employee stock purchases 98 107
Net cash provided by financing activities 46,750 18,929
Net increase (decrease) in cash, cash equivalents, restricted cash, and restricted cash equivalents 18,501 (13,156)
Cash, cash equivalents, restricted cash, and restricted cash equivalents at the beginning of period 2,630 17,225
Cash, cash equivalents, restricted cash, and restricted cash equivalents at the end of period 21,131 4,069
Supplemental disclosure of cash flow information:    
Cash received during the period for interest 451 484
Supplemental disclosure of non-cash investing and financing activities:    
Offering expenses included in accounts payable and accrued expenses and other current liabilities 71 0
Warrant modifications recorded in stockholders' equity (deficit) $ 725 $ 0