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Consolidated Statements of Cash Flows - Q1 - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Cash flows from operating activities:    
Net loss $ (1,887) $ (2,150)
Adjustments to reconcile net loss to cash used in operating activities:    
Depreciation expense 1 1
Amortization of debt discounts and issuance costs 0 1,161
Stock-based compensation expense 37 13
Change in fair value of warrant liability (2) 0
Reduction in operating lease right of use assets 14 12
Change in operating assets and liabilities:    
Prepaid expenses and other current assets 564 28
Accounts payable (744) 408
Accrued expenses (172) (36)
Operating lease liabilities (14) (16)
Cash used in operating activities (2,203) (579)
Financing activities:    
Advances from employees 0 190
Repayment of advances from employees 0 (195)
Proceeds from issuance of bridge promissory note 0 1,250
Proceeds from issuance of common stock and prefunded warrants 5,500 0
Payment of deferred stock issuance costs (1,014) (110)
Payment of debt issuance costs 0 (105)
Cash provided by financing activities 4,486 1,030
Net increase (decrease) in cash and cash equivalents 2,283 451
Cash and cash equivalents at beginning of period 1,808 9
Cash and cash equivalents at end of period 4,091 460
Supplemental disclosure of cash flow information:    
Recognition of debt discount and additional paid-in-capital for warrants issued in connection with promissory notes 0 532
Recognition of right of use assets and lease liabilities 152 0
Debt and deferred stock issuance costs included in accounts payable and accrued expenses 97 45
Property and equipment purchases included in accounts payable $ 0 $ 8