XML 20 R6.htm IDEA: XBRL DOCUMENT v3.22.0.1
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Operating activities:    
Net loss $ (33,940) $ (32,758)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation 50 47
Change in fair value of term loan derivative liability (82) 9
Accretion/accrual of term loan discounts and debt issuance costs 599 227
Other expense related to transaction with Lincoln Park Capital Fund, LLC 375  
Stock-based compensation 2,543 2,417
Changes in operating assets and liabilities:    
Prepaid expenses and other current assets 342 742
Accounts payable 831 417
Accrued expenses and other liabilities 336 (101)
Net cash used in operating activities (28,946) (29,000)
Investing activities:    
Purchases of property, equipment and leasehold improvements   (32)
Net cash used in investing activities   (32)
Financing activities:    
Proceeds from term loan   14,000
Payments of financing costs of term loan (68) (84)
Proceeds from at-the-market sales, net of commissions 7,505 3,135
Proceeds from exercises of stock options   34
Proceeds from employee stock purchase plan 39 12
Proceeds from exercises of warrants 3  
Proceeds from sale of common stock and warrants under private placement, net of issuance costs 13,678  
Payments of offering costs (382) (377)
Net cash provided by financing activities 20,775 16,720
Net decrease in cash and cash equivalents (8,171) (12,312)
Cash and cash equivalents at beginning of period 45,001 57,313
Cash and cash equivalents at end of period 36,830 45,001
Supplemental disclosure of cash flow information:    
Interest paid 603 180
State research tax credits exchanged for cash 18 18
Supplemental disclosure of non-cash financing activities:    
Offering costs included in accrued expenses $ 41 $ 11