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Unaudited Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Operating activities    
Net loss $ (12,433) $ (12,452)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 421 436
Stock-based compensation expense 861 856
Non-cash lease expense 475 403
Non-cash interest expense 111 27
Change in operating assets and liabilities:    
Prepaid expenses and other current assets (7) (1,198)
Accounts payable 175 985
Accrued expenses and other liabilities (2,786) 448
Deferred revenue (385) 0
Operating lease assets and liabilities (718) (648)
Net cash used in operating activities (14,286) (11,143)
Investing activities    
Purchases of property and equipment (279) (15)
Net cash used in investing activities (279) (15)
Financing activities    
Proceeds from issuance of common stock 0 2
Principal payments on financing obligation (115) (115)
Principal payments on finance leases (36) (89)
Net cash used in financing activities (151) (202)
Net decrease in cash, cash equivalents and restricted cash (14,716) (11,360)
Cash, cash equivalents and restricted cash – beginning of year 65,663 40,004
Cash, cash equivalents and restricted cash – end of period 50,947 28,644
Supplemental disclosures of cash flow information:    
Finance lease right-of-use asset converted to fixed asset 70 0
Purchase of property and equipment in accounts payable and accrued expenses $ 0 $ 151