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Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Operating activities    
Net loss $ (7,351) $ (2,911)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation 45 45
Share-based compensation expense 1,154 1,001
Gain on extinguishment of debt (998)
Non-cash interest expense 10
Accretion of debt discount 21
Changes in operating assets and liabilities:    
Prepaid expenses and other current assets 279 49
Other assets and liabilities (36) 68
Accounts payable and accrued liabilities 1,348 (1,086)
Net cash used in operating activities (5,559) (2,803)
Investing activities    
Acquisition of property and equipment (55)
Net cash used in investing activities (55)
Financing activities    
Proceeds from registered direct offering, net of issuance costs 11,078
Proceeds from at-the-market sales agreement, net of issuance costs 3,249 1,193
Proceeds from exercise of stock options 38
Proceeds from shares issued under employee stock purchase plan 54
Net cash provided by financing activities 14,419 1,193
Net increase (decrease) in cash, cash equivalents and restricted cash 8,860 (1,665)
Cash, cash equivalents and restricted cash, beginning of period 17,647 22,955
Cash, cash equivalents and restricted cash, end of period 26,507 21,290
Supplemental disclosure of noncash financing activities    
Forgiveness of PPP Loan and accrued interest 998
Reconciliation of cash, cash equivalents and restricted cash    
Cash and cash equivalents 26,147 20,930
Restricted cash 360 360
Cash, cash equivalents and restricted cash at end of period $ 26,507 $ 21,290