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CONDENSED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
CASH FLOWS FROM OPERATING ACTIVITIES    
Net loss $ (8,599) $ (9,757)
Adjustments to reconcile loss to net cash used in operating activities:    
Cost of share-based payments 2,558 2,352
Changes in operating assets and liabilities:    
(Increase)/decrease in other current assets (123) 71
Decrease in accounts payable (925) (1,107)
(Decrease)/increase in accrued liabilities (105) 126
Decrease in accrued compensation and benefits (184) (545)
Net cash used in operating activities (7,378) (8,860)
CASH FLOWS FROM INVESTING ACTIVITIES    
Net cash provided by (used in) investing activities
CASH FLOWS FROM FINANCING ACTIVITIES    
Proceeds from issuance of common shares - At-the market offering 6,576 3,262
Issuance costs related to At-the-market offering (208) (152)
Issuance costs related to initial public offering   (341)
Proceeds from exercise of warrants, options, and preferred investment options   11,178
Issuance costs related to the exercise of warrants, and preferred investment options   (371)
Issuance costs related to private placement   (109)
Net cash provided by financing activities 6,368 13,467
(DECREASE)/INCREASE IN CASH AND CASH EQUIVALENTS (1,010) 4,607
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD 19,126 19,993
CASH AND CASH EQUIVALENTS AT END OF PERIOD $ 18,116 24,600
Supplemental noncash disclosure of investing and financing activities:    
Unpaid issuance costs related to the private placement   $ 399