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Statements of Cash Flows - Vallon - 10-K - USD ($)
$ in Thousands
9 Months Ended 12 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Dec. 31, 2022
Dec. 31, 2021
Operating activities:        
Net loss $ (11,033) $ (948)    
Adjustments to reconcile net loss to cash used in operating activities:        
Stock-based compensation expense 352 0    
Change in fair value of warrant liability 18 0    
Change in operating assets and liabilities:        
Prepaid expenses and other current assets (836) (7)    
Accounts payable 4,860 77    
Accrued expenses 1,106 590    
Cash used in operating activities (3,430) (241)    
Investing activities:        
Cash used in investing activities (8) 0    
Financing activities:        
Proceeds from issuance of convertible promissory note 0 125    
Cash provided by financing activities 6,917 255    
Net increase in cash and cash equivalents 3,479 14    
Cash and cash equivalents at beginning of period 9 90 $ 90  
Cash and cash equivalents at end of period 3,488 104 9 $ 90
Vallon Pharmaceuticals, Inc.        
Operating activities:        
Net loss     (7,024) (9,303)
Adjustments to reconcile net loss to cash used in operating activities:        
Amortization of finance lease right-of-use asset     206 73
Amortization of marketable securities premiums     28 32
Stock-based compensation expense     99 626
Revaluation of derivative liability     0 89
Change in fair value of warrant liability     (384) 0
Loss on warrant conversion     506 0
Gain (loss) on extinguishment of loan/notes     0 (61)
Non-cash interest, depreciation and other expense     0 12
Change in operating assets and liabilities:        
Prepaid expenses and other current assets     248 (55)
Accounts payable     (95) (308)
Accrued expenses     (719) 583
Cash used in operating activities     (7,135) (8,312)
Investing activities:        
Purchase of marketable securities     (640) (3,842)
Maturities of marketable securities     4,422 0
Cash used in investing activities     3,782 (3,842)
Financing activities:        
Proceeds from common stock issuance, net of offering expenses     3,447 15,104
Proceeds from issuance of warrants     0 399
Proceeds from issuance of convertible promissory note     0 350
Payment of finance lease liability     (15) (106)
Cash provided by financing activities     3,432 15,747
Net increase in cash and cash equivalents     79 3,593
Cash and cash equivalents at beginning of period $ 3,781 $ 3,702 3,702 109
Cash and cash equivalents at end of period     3,781 3,702
Supplemental disclosure of cash flow information:        
Cash paid for interest     21 29
Non-cash investing and financing activities:        
Conversion of convertible notes to common stock     0 350
Non-cash exercise of warrants     782 0
Finance lease liability within accounts payable     $ 154 $ 0