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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended 12 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Dec. 31, 2023
Cash flows from operating activities          
Net loss $ (3,236) $ (2,447) $ (15,933) $ (9,543)  
Adjustments to reconcile net loss to net cash used in operating activities          
Amortization of deferred financing costs     57 23  
Change in fair value of convertible notes (issued, converted and outstanding)     6,145 0  
Change in fair value of forward purchase agreement derivative liability     0 1,308  
Change in fair value of liability classified warrants (exercised and outstanding) (1,880) (723) 966 (759)  
Stock-based compensation     475 1,060  
Changes in operating assets and liabilities          
Other receivables     0 12  
Prepaid expenses     897 658  
Other assets     152 0  
Accounts payable     (255) 2,428  
Accrued expenses     689 350  
Other liabilities     495 0  
Net cash used in operating activities     (6,312) (4,463)  
Cash flows from financing activities          
Proceeds from issuance of convertible notes     979 5,000  
Payment of convertible notes     (700) (258)  
Proceeds from issuance of shares     4,492 1,163  
Proceeds from exercise of convertible note warrants     853 0  
Proceeds of pre-funded warrants     3,766 0  
Payment of commitment fee - equity line of credit     0 (500)  
Proceeds from sale of recycled shares     0 1,870  
Proceeds from notes payable     0 100  
Payment of notes payable     (2,075) (2,946)  
Net cash provided by financing activities     7,315 4,429  
Net increase / (decrease) in cash     1,003 (34)  
Cash, beginning of period     176 47 $ 47
Cash, end of period $ 1,179 $ 13 1,179 13 $ 176
Supplemental disclosure of cash flow information          
Cash paid for interest     439 508  
Exercise of liability classified warrants     3,106 0  
Shares issued from conversion of convertible notes     10,210 0  
Issuance of convertible note warrants     $ 586 $ 500