XML 26 R7.htm IDEA: XBRL DOCUMENT v3.23.1
STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
CASH FLOWS FROM OPERATING ACTIVITIES    
Net loss $ (39,760) $ (40,335)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 2,729 1,619
Change in fair value of SAFEs   10,390
Loss on write-off of property and equipment 9  
Share-based compensation expense 1,824 646
Deferred income taxes 0 (152)
Gain on loan forgiveness   (647)
Changes in operating assets and liabilities:    
Prepaid expenses and other assets 2,039 (4,613)
Accounts payable 1,512 1,009
Accrued expenses and other liabilities 2,717 1,265
Net cash used in operating activities (28,930) (30,818)
CASH FLOWS FROM INVESTING ACTIVITIES    
Purchase of property and equipment (106) (55)
Capitalized internal-use software costs (1,074) (1,016)
Net cash used in investing activities (1,180) (1,071)
CASH FLOWS FROM FINANCING ACTIVITIES    
Proceeds from issuance of SAFE notes   18,675
Proceeds from business combination and PIPE Investment   59,045
Payment of costs directly attributable to the issuance of common stock in connection with business combination and PIPE investment   (14,871)
Proceeds from issuance of long-term debt 5,000 10,000
Debt issuance costs   (518)
Proceeds from the issuance of shares under the employee stock purchase plan 257  
Proceeds from exercise of stock options 27 1
Net cash provided by financing activities 5,284 72,332
Net change in cash and cash equivalents (24,826) 40,443
Cash and cash equivalents, beginning of period 40,566 123
Cash and cash equivalents, end of period 15,740 40,566
Supplemental disclosures of cash flow information:    
Cash paid for Interest $ 1,325 $ 85