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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Cash Flows from Operating Activities    
Net loss $ (7,841) $ (1,876)
Adjustments to reconcile net loss to net cash used in operating activities:    
Non-cash interest expense 362 72
Stock-based compensation expense 721 65
Common stock issued for services 1,561 380
Depreciation and amortization 29 0
Amortization of operating right-of-use asset 103 12
Increase (decrease) in cash resulting from changes in:    
Accounts receivable 1 1
Inventory (440) 20
Prepaid expenses and other assets (62) (147)
Accounts payable (133) 305
Accrued expenses 569 0
Operating lease liability (97) (23)
Net cash used in operating activities (5,227) (1,191)
Cash Flows from Investing Activities    
Sales of short-term investments 4,404 0
Purchases of short-term investments (8,141) 0
Purchases of property and equipment (169) 0
Net cash used in investing activities (3,906) 0
Cash Flows from Financing Activities    
Proceeds from issuance of common stock, net of issuance costs 14,139 0
Proceeds from issuance of convertible notes payable 0 8,130
Repayment of notes payable 0 (131)
Debt issuance costs 0 (52)
Deferred offering costs 0 (85)
Net cash provided by financing activities 14,139 7,862
Effect of foreign currency translation on cash flow (48) (4)
Net Increase in Cash and Cash Equivalents 4,958 6,667
Cash and Cash Equivalents at Beginning of Period 2,917 245
Cash and Cash Equivalents at End of Period 7,875 6,912
Supplemental Disclosures of Cash Flow Information    
Interest 0 1
Income taxes 0 1
Non-cash investment and financing activities:    
Common stock issued upon conversion of preferred stock 13,639 0
Common stock issued upon conversion of debt 13,868 0
Right-of-use assets obtained in exchange for lease liability 0 1,195
Conversion of trade payable to law firm to note payable $ 0 $ 556