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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 $ (53,585) $ (42,210)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation 512 542
Amortization of intangible assets 666 665
Stock-based compensation 13,586 7,181
Loss on disposal of fixed assets 6 13
Changes in operating assets and liabilities:    
Prepaid expenses and other current assets (403) (65)
Other receivables 48 109
Right-of-use assets 923 806
Other long-term assets (31) 0
Accounts payable (201) 263
Accrued expenses 3,212 1,219
Lease liabilities (1,076) (896)
Accrued interest on related party note payable 0 (668)
Net cash used in operating activities (36,343) (33,041)
Cash flows from investing activities:    
Purchases of property and equipment (125) (121)
Net cash used in investing activities (125) (121)
Cash flows from financing activities:    
Proceeds from issuance of common stock under employee stock purchase plan 478 395
Proceeds from exercises of warrants 49,424 14,828
Proceeds from exercises of stock options 871 1,171
Proceeds from issuance of common stock and warrants in relation to rights offering, net of issuance costs 59,649 0
Issuance cost in relation to related party note extinguishment 0 (6)
Deferred issuance costs in relation to future at-the-market equity offering (281) 0
Net cash provided by financing activities 110,141 16,388
Net increase (decrease) in cash and cash equivalents 73,673 (16,774)
Cash and cash equivalents at beginning of period 44,365 61,139
Cash and cash equivalents at end of period 118,038 44,365
Supplemental disclosure of noncash investing and financing activities:    
Rights offering deemed pro-rata distribution to shareholders 47,700 0
Principal and accrued interest of related party note settled via issuance of common stock 0 (65,249)
Right-of-use asset obtained in exchange for lease liability 830 0
Other receivable from exercise of warrants 92 0
Equipment purchases included in accounts payable and accrued expenses 26 0
Rights offering and warrant issuance costs in accounts payable and accrued expenses $ 13 $ 0