XML 15 R6.htm IDEA: XBRL DOCUMENT v3.23.1
CONDENSED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Operating activities    
Net loss $ (7,139) $ (6,719)
Adjustments to reconcile net loss to net cash used in operating activities    
Depreciation and amortization expense 48 26
Stock-based compensation 410 1,000
Amortization of premiums and accretion of discounts on investments, net (56) 0
Other 31 38
Change in operating assets and liabilities:    
Contracts and other receivables (4) (8)
Prepaid expenses and other assets 669 681
Accounts payable 406 340
Accrued liabilities (290) (26)
Accrued research and development expenses (714) (202)
Accrued compensation (1,183) (1,159)
Operating lease right-of-use assets and liabilities, net (18) (12)
Other liabilities (274) (340)
Net cash used in operating activities (8,114) (6,381)
Investing activities    
Sales of short-term investments 15,000 0
Purchases of property and equipment (1) (102)
Net cash provided by (used in) investing activities 14,999 (102)
Financing activities    
Proceeds from issuance of common stock, net 21 2
Principal payments on term loan (826) 0
Net cash (used in) provided by financing activities (805) 2
Net increase (decrease) in cash and cash equivalents 6,080 (6,481)
Cash and cash equivalents at beginning of period 24,290 60,445
Cash and cash equivalents at end of period 30,370 53,964
Reconciliation of cash, cash equivalents and restricted cash    
Cash and cash equivalents 30,308 53,902
Restricted cash 62 62
Total cash, cash equivalents and restricted cash 30,370 53,964
Supplemental disclosure of cash flow information    
Interest paid (148) (110)
Income taxes paid 0 (1)
Supplemental disclosure of non-cash investing and financing activities    
Non-cash acquisition of property and equipment $ 0 $ 33