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Consolidated Statements of Cash Flows - 10K - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Cash flows from operating activities:    
Net loss $ (13,037) $ (3,217)
Adjustments to reconcile net loss to cash used in operating activities:    
Depreciation expense 4 3
Amortization of debt discounts and issuance costs 2,104 217
Stock-based compensation expense 388 25
Gain (Loss) on Extinguishment of Debt 0 325
Change in fair value of warrant liability (182) 0
Reduction in operating lease right of use assets 53 47
Change in operating assets and liabilities:    
Prepaid expenses and other current assets (547) (35)
Accounts payable 2,159 897
Accrued expenses 125 696
Operating lease liabilities (57) (43)
Cash used in operating activities (8,990) (1,085)
Investing activities:    
Purchase of property and equipment (8) (3)
Cash used in investing activities (8) (3)
Financing activities:    
Advances from employees 190 35
Repayment of advances from employees (195) (30)
Proceeds from issuance of non-convertible promissory note 0 125
Repayment of non-convertible promissory note 0 (125)
Proceeds from issuance of convertible promissory note 0 125
Repayment of convertible promissory note 0 (125)
Proceeds from issuance of bridge promissory note 1,250 1,250
Proceeds from issuance of common stock in pre-closing financing 12,250 0
Proceeds from warrant exercise 12 0
Cash acquired in reverse recapitalization 941 0
Payment of reverse recapitalization costs (2,984) 0
Payment of deferred stock issuance costs (517) (111)
Payment of debt issuance costs (150) (13)
Redemption of redeemable common stock 0 (124)
Cash provided by financing activities 10,797 1,007
Net increase (decrease) in cash and cash equivalents 1,799 (81)
Cash and cash equivalents at beginning of period 9 90
Cash and cash equivalents at end of period 1,808 9
Supplemental disclosure of cash flow information:    
Cash paid for interest 0 33
Supplemental disclosure or noncash activities:    
Issuance of stock for repayment of bridge loan 3,333 0
Non-contingent beneficial conversion feature on convertible promissory note 0 60
Restricted stock awards issued in satisfaction of accrued compensation 0 417
Recognition of debt discount and additional paid-in-capital for warrants issued in connection with promissory notes 532 601
Net liabilities acquired in connection with reverse recapitalization 3,881 0
Conversion of promissory note 0 5,337
Debt and deferred stock issuance costs included in accounts payable and accrued expenses 226 340
Issuance of stock for payment of reverse recapitalization costs 1,875 0
Issuance of warrants for payment of stock issuance costs $ 18 $ 0