XML 18 R7.htm IDEA: XBRL DOCUMENT v3.24.1.u1
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Operating activities    
Net loss $ (26,972) $ (5,394)
Adjustments to reconcile net loss to net cash used by operating activities:    
Royalty liability interest expense - related parties 8,329 0
Depreciation and amortization 1,794 486
Stock-based compensation 2,528 828
Change in fair value of liability classified Class A common stock warrants 390 819
Other (22) 0
Changes in operating assets and liabilities, net of acquisitions:    
Accounts receivable (120) 0
Due to/from related parties 0 (112)
Prepaid expenses and other current assets 431 56
Accounts payable 646 (13)
Accrued expenses 47 879
Accrued compensation (554) 73
Deferred revenues 248 (42)
Right-of-use assets and lease liabilities, net (88) 50
Other assets and liabilities, net (137) (5)
Net cash used by operating activities (13,480) (2,375)
Investing activities    
Purchases of property, plant, and equipment (228) 0
Net cash used by investing activities (228) 0
Financing activities    
Proceeds from issuances of securities 6,534 0
Costs incurred related to issuances of securities (454) 0
Proceeds from draws on revolving line of credit from Cibus Global, LLC 0 1,000
Payment of taxes related to vested restricted stock units (127) 0
Repayments of financing lease obligations (33) (97)
Repayments of notes payable (401) 0
Net cash provided by financing activities 5,519 903
Effect of exchange rate changes on cash and cash equivalents (3) 0
Net decrease in cash and cash equivalents (8,192) (1,472)
Cash and cash equivalents – beginning of period 32,699 3,526
Cash and cash equivalents – end of period $ 24,507 $ 2,054