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Condensed Consolidated Statements of Cash Flows - USD ($)
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Operating activities:    
Net loss $ (8,491,000) $ (5,355,000)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation expense 108,000 78,000
Stock-based compensation expense 328,000 120,000
Noncash lease expense 311,000 136,000
Noncash interest and other expense, net 64,000 3,000
Changes in operating assets and liabilities:    
Prepaid expenses and other assets 178,000 (350,000)
Accounts payable (323,000) (314,000)
Accrued expenses and other liabilities 1,063,000 (480,000)
Interest payable 2,000 92,000
Operating lease liabilities (347,000) (240,000)
Cash used in operating activities (7,107,000) (6,310,000)
Investing activities:    
Purchase of property and equipment (3,000) (14,000)
Cash used in investing activities (3,000) (14,000)
Financing activities:    
Proceeds from the issuance of common stock, net of equity issuance costs 1,403,000 0
Borrowings on loan payable 0 15,000,000
Payment of loan issuance costs 0 (59,000)
Proceeds from option exercises 0 3,000
Cash provided by financing activities 1,403,000 14,944,000
Net (decrease) increase in cash and cash equivalents (5,707,000) 8,620,000
Cash, cash equivalents and restricted cash at beginning of period 51,829,000 18,820,000
Cash, cash equivalents and restricted cash at end of period 46,122,000 27,440,000
Supplemental disclosure of cash flow information:    
Cash paid for interest 268,000 108,000
Non-cash investing activities: Property and equipment in accounts payable 16,000 0
Non-cash financing activities:    
Vesting of early exercise stock options $ 0 $ 57,000