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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
CASH FLOWS FROM OPERATING ACTIVITIES    
Net loss $ (4,786) $ (3,538)
Adjustments to reconcile net loss to net cash used in operating activities    
Compensation cost for stock options granted 1,806 640
Depreciation and amortization 2 9
Changes in operating assets and liabilities:    
Prepaid expenses (1,386) (737)
Research and development rebate receivable 404 (85)
Other assets (114) 582
Accounts payable (121) (866)
Accrued expenses (84) 58
Payroll liabilities (591) (474)
Other current liabilities (8) 3
Net cash used in operating activities (4,878) (4,408)
CASH FLOWS FROM INVESTING ACTIVITY    
Purchase of furniture and equipment (13) 0
Net cash used in investing activities (13) 0
CASH FLOWS FROM FINANCING ACTIVITY    
Proceeds from issuance of common stock, net of issuance costs 0 69,668
Proceeds from exercise of warrants 0 32,760
Net cash provided by financing activities 0 102,428
NET (DECREASE) INCREASE IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH (4,891) 98,020
CASH, CASH EQUIVALENTS AND RESTRICTED CASH, BEGINNING BALANCE 136,487 39,664
CASH, CASH EQUIVALENTS AND RESTRICTED CASH, ENDING BALANCE 131,596 137,684
SUPPLEMENTAL DISCLOSURES    
Cash and cash equivalents 131,486 137,574
Restricted cash 110 110
Total cash, cash equivalents and restricted cash shown in the condensed consolidated statements of cash flows 131,596 137,684
NONCASH INVESTING AND FINANCING ACTIVITIES    
Reclassification of the warrant liability to equity upon adoption of accounting standard 0 13,003
Conversion of Series B Convertible Preferred Stock into Common Stock [Member]    
NONCASH INVESTING AND FINANCING ACTIVITIES    
Conversion of Series B convertible preferred stock to common stock $ 0 $ 1