XML 17 R5.htm IDEA: XBRL DOCUMENT v3.24.3
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Cash flows from operating activities:        
Net loss $ (10,592) $ (5,609) $ (19,881) $ (19,500)
Adjustments to reconcile net loss to net cash used in operating activities:        
Depreciation and amortization 31 32 95 92
Stock-based compensation     1,299 1,505
License rights expense settled in stock     0 772
Change in fair value of warrant liability 1,728 (1) (1,423) (76)
Loss on issuance of warrant liabilities 847 0 847 0
Operating lease, net     106 105
Transaction costs allocated to warrant liabilities     993 0
Changes in operating assets and liabilities:        
Prepaid expenses and other current assets     522 (573)
Accounts payable     52 (87)
Accrued expenses and other current liabilities     (1,389) (932)
Net cash used in operating activities     (18,779) (18,694)
Cash flows from investing activities:        
Purchase of fixed assets     (13) (43)
Net cash used in investing activities     (13) (43)
Cash flows from financing activities:        
Payment of tax liability for vested restricted stock units     (26) (25)
Proceeds from sale of common stock, pre-funded and common warrants, net of issuance costs     4,660 211
Net cash provided by financing activities     4,634 186
Effect of exchange rate changes on cash and cash equivalents     13 (15)
Net decrease in cash and cash equivalents     (14,145) (18,566)
Cash and cash equivalents, - beginning of period     23,550 43,145
Cash and cash equivalents, - end of period $ 9,405 $ 24,579 9,405 24,579
Non-cash investing and financing activities:        
Transaction costs related to the sale of common stock, pre-funded and common warrants     156 0
Transaction costs included in accounts payable and accrued liabilities     $ 42 $ 0