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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
CASH FLOWS FROM OPERATING ACTIVITIES    
Net loss $ (6,281) $ (4,786)
Adjustments to reconcile net loss to net cash used in operating activities    
Compensation cost for stock options granted 1,573 1,806
Depreciation and amortization 3 2
Changes in operating assets and liabilities:    
Prepaid expenses (1,264) (1,386)
Research and development tax rebate receivable 5 404
Other current assets 1,565 (114)
Other assets 1 0
Accounts payable (1,521) (121)
Accrued expenses (446) (84)
Payroll liabilities (703) (591)
Other current liabilities 46 (8)
Net cash used in operating activities (7,022) (4,878)
CASH FLOWS FROM INVESTING ACTIVITIES    
Purchase of furniture and equipment 0 (13)
Net cash used in investing activities 0 (13)
CASH FLOWS FROM FINANCING ACTIVITIES    
Net cash provided by financing activities 0 0
NET DECREASE IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH (7,022) (4,891)
CASH, CASH EQUIVALENTS AND RESTRICTED CASH, BEGINNING BALANCE 111,000 136,487
CASH, CASH EQUIVALENTS AND RESTRICTED CASH, ENDING BALANCE 103,978 131,596
SUPPLEMENTAL DISCLOSURES    
Cash and cash equivalents 103,868 131,486
Restricted cash 110 110
Total cash, cash equivalents and restricted cash shown in the Condensed Consolidated Statements of Cash Flows $ 103,978 $ 131,596