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CONDENSED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
CASH FLOWS FROM OPERATING ACTIVITIES    
Net loss $ (5,332) $ (4,171)
Adjustments to reconcile loss to net cash used in operating activities:    
Cost of share-based payments 1,368 1,296
Changes in operating assets and liabilities:    
Increase in other current assets (210) (191)
Increase/(decrease) in accounts payable 494 (1,012)
Increase in accrued liabilities 25 71
Decrease in employee compensation and benefits (519) (351)
Net cash used in operating activities (4,174) (4,358)
CASH FLOWS FROM INVESTING ACTIVITIES    
Net cash provided by (used in) investing activities 0 0
CASH FLOWS FROM FINANCING ACTIVITIES    
Net cash provided by financing activities 15,505 4,696
INCREASE IN CASH AND CASH EQUIVALENTS 11,331 338
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD 18,533 19,126
CASH AND CASH EQUIVALENTS AT END OF PERIOD 29,864 19,464
Supplemental noncash disclosure of investing and financing activities:    
Unpaid issuance costs related to the public offering 300  
At-the-Market    
CASH FLOWS FROM FINANCING ACTIVITIES    
Proceeds from issuance of common shares 1,273 4,849
Issuance costs (41) $ (153)
Public offering    
CASH FLOWS FROM FINANCING ACTIVITIES    
Proceeds from issuance of common shares 15,525  
Issuance costs $ (1,252)