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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 $ (21,819) $ (23,516)
Adjustments to reconcile net loss to net cash used in operating activities:    
Share-based compensation 4,141 5,196
Depreciation and amortization 189 220
Amortization of right-of-use assets 339 326
Unrealized loss (gain) from investments 22 (468)
Changes in operating assets and liabilities:    
Prepaid expenses and other current assets (70) (119)
Accounts payable, accrued expenses and other current liabilities 698 (183)
Operating lease liabilities (338) (314)
Net Cash Used in Operating Activities (16,838) (18,858)
Cash Flows from Investing Activities    
Maturities of investments 56,939 48,685
Purchase of investments (55,567) (56,520)
Purchases of property and equipment (37) (33)
Net Cash Provided by (Used in) Investing Activities 1,335 (7,868)
Cash Flows from Financing Activities    
Proceeds from private placement offering 13,591 25,791
Proceeds from stock option exercises 46
Net Cash Provided by Financing Activities 13,637 25,791
Net Decrease in Cash and Cash Equivalents (1,866) (935)
Cash and cash equivalents - Beginning of year 3,620 4,555
Cash and cash equivalents - End of year $ 1,754 $ 3,620