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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 $ (21,398) $ (8,356)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 490 490
Accretion of premium/discount on investments (473) 0
Non-cash lease expense 69 78
Stock-based compensation expense 6,445 631
Change in fair value of contingent consideration 401 299
Other non-cash reconciling items (1) 16
Change in operating assets and liabilities:    
Prepaid expenses, other current assets and other assets 81 (334)
Accounts payable 4,865 1,001
Accrued compensation (1,909) (954)
Accrued clinical trial site costs (998) 309
Operating lease liabilities (56) (116)
Other liabilities (44) 208
Net cash used in operating activities (12,528) (6,728)
Cash flows from investing activities:    
Purchases of property and equipment (11) 0
Purchases of marketable securities (115,233) 0
Net cash used in investing activities (115,244) 0
Cash flows from financing activities:    
Proceeds from exercise of common stock warrants 923 0
Proceeds from exercise of stock options 15 0
Net cash provided by financing activities 938 0
Net decrease in cash and cash equivalents (126,834) (6,728)
Cash and cash equivalents, beginning of period 169,681 14,602
Cash and cash equivalents, end of period 42,847 7,874
Supplemental disclosure of non-cash financing information    
Purchases of property and equipment included in accounts payable $ 8 $ 0