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Condensed Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Cash Flows from Operating Activities    
Net loss $ (9,948) $ (12,866)
Adjustments to reconcile net loss to net cash used in operating activities:    
Share-based compensation 2,120 2,949
Depreciation and amortization 106 109
Amortization of right of use assets 171 165
Unrealized (gain) loss from investments (90) (411)
Changes in operating assets and liabilities:    
Prepaid expenses and other current assets 42 40
Accounts payable 271 656
Accrued expenses and other current liabilities 40 (157)
Operating lease liabilities (169) (157)
Net Cash Used in Operating Activities (7,457) (9,672)
Cash Flows from Investing Activities    
Maturities of investments 31,263 24,956
Purchase of property and equipment (24) (26)
Purchases of investments (25,068) (15,099)
Net Cash Provided by Investing Activities 6,171 9,831
Cash Flows from Financing Activities    
Proceeds from Stock Option Exercises 46
Net Cash Provided by Financing Activities 46
Net (Decrease) Increase in Cash (1,240) 159
Cash, cash equivalents - Beginning of period 3,620 4,555
Cash, cash equivalents - End of period $ 2,380 $ 4,714