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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Cash Flows From Operating Activities:    
Net loss $ (39,834) $ (28,452)
Adjustments required to reconcile net loss to net cash used in operating activities:    
Depreciation 4 0
Share-based compensation 3,303 3,305
Amortization of premium or discount on marketable securities (2,443) (255)
Unrealized (losses) gains on cash equivalents (1) 1
Changes in operating assets and liabilities:    
Trade receivables, prepaid expenses and other current assets and operating lease right of use assets (899) 405
Trade payables, accrued expenses, employee related obligations and other long-term liabilities 6,012 (559)
Operating lease liabilities (114) 214
Net cash used in operating activities (33,972) (25,341)
Cash Flows From Investing Activities:    
Purchase of property and equipment (117) 0
Proceeds from the sale of the MST Franchise 0 5,000
Proceeds from the sale and maturity of marketable securities 84,000 0
Purchases of marketable securities (60,518) (62,354)
Net cash provided by (used in) investing activities 23,365 (57,354)
Cash Flows From Financing Activities:    
Redemption of convertible preferred stock 0 (360)
Withholdings from exercise of options and issuance of shares for share-based compensation arrangements, net (141) (67)
Net cash (used in) provided by financing activities (141) 82,394
Decrease in cash, cash equivalents and restricted cash (10,748) (301)
Cash, cash equivalents and restricted cash at beginning of the year 30,674 30,975
Cash, cash equivalents and restricted cash at end of the year 19,926 30,674
Cash and cash equivalents 19,926 30,620
Restricted cash 0 54
Total cash, cash equivalents and restricted cash 19,926 30,674
Supplementary information on investing and financing activities not involving cash flows:    
Accretion of preferred stock 0 149
Issuance of vested shares under employee share purchase plan 30 48
Additions to operating lease right of use assets 0 207
Additions to operating lease liabilities 0 214
Private Placement    
Cash Flows From Financing Activities:    
Proceeds related to the issuance of common shares and pre-funded warrants through private placement, net of issuance costs 0 82,665
At-the-market Offering    
Cash Flows From Financing Activities:    
Proceeds related to the issuance of common shares through at-the-market offerings, net of issuance costs $ 0 $ 156