XML 17 R6.htm IDEA: XBRL DOCUMENT v3.23.1
Condensed Consolidated Statements of Cash Flows - Unaudited - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Cash flows from operating activities:    
Net loss before noncontrolling interest $ (5,774) $ (9,424)
Adjustments to reconcile net loss before noncontrolling interest to net cash used in operating activities:    
Depreciation expense 22 23
Loss from promissory note early redemption 313 0
Non-cash interest income (100) 0
Share-based compensation expense 343 476
Change in fair value of investments (2,104) 3,234
Change in fair value of warrants, related party 238 (492)
Changes in assets and liabilities:    
Accounts receivable 173 0
Prepaid expenses and other assets 691 732
Accounts payable and accrued expenses 1,032 4,430
Net cash used in operating activities (5,166) (1,021)
Cash flows from financing activities:    
Proceeds from promissory note early redemption related to sale of Class A common stock to collaboration partner 12,030 0
Repayment of notes payable (224) (256)
Net cash provided by (used in) financing activities 11,806 (256)
Net increase/(decrease) in cash and cash equivalents 6,640 (1,277)
Total cash and cash equivalents, beginning of period 12,126 13,415
Total cash and cash equivalents, end of period 18,766 12,138
Non-cash activities:    
Change in redemption value of noncontrolling interest $ 4,296 $ (8,178)