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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
OPERATING ACTIVITIES    
Net loss $ (3,522) $ (1,256)
Adjustments to reconcile net loss to net cash used in operating activities:    
Forgiveness of notes payable   (408)
Share-based compensation expense 512 261
Depreciation 27 66
Change in fair value of warrant liability (2) (12)
Changes in operating assets and liabilities:    
Grant receivable   7
Prepaid expenses and other current assets 198 261
Other assets (173)  
Accounts payable 823 8
Accrued and other current liabilities 483 (100)
Net cash used in operating activities (1,654) (1,173)
INVESTING ACTIVITIES    
Purchases of property, plant, and equipment (8)  
Net cash used in investing activities (8)  
FINANCING ACTIVITIES    
Proceeds from issuance of common stock and warrants 5,060 598
Net cash provided by financing activities 5,060 598
Net increase (decrease) in cash and restricted cash 3,398 (575)
Cash and restricted cash at the beginning of the year 1,292 1,076
Cash and restricted cash at the end of the period 4,690 $ 501
Supplemental disclosure of non-cash activities:    
Settlement of contingency matter (3,250)  
Settlement of due to Harvard Bioscience included in accrued and other current liabilities (750)  
Issuance of Series E convertible preferred stock 4,000  
Preferred stock dividends $ 18