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STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
3 Months Ended
Mar. 31, 2024
Dec. 31, 2023
Jun. 30, 2023
Mar. 31, 2023
Cash flows from operating activities:        
Net loss $ (2,009,000) $ (1,089,000) $ (1,480,000) $ (1,346,000)
Adjustments to reconcile net loss to net cash used in operating activities:        
Depreciation 3,000     4,000
Amortization of right-of-use asset - operating 16,000     25,000
Share-based compensation 114,000     204,000
Change in operating assets and liabilities:        
Other current assets (606,000)     (598,000)
Accounts payable 167,000     32,000
Accrued compensation and employee benefits (16,000)     62,000
Accrued expenses and other liabilities 803,000     22,000
Net cash used in operating activities (1,528,000)     (1,595,000)
Cash flows from investing activities:        
Net cash used in investing activities 0     0
Cash flows from financing activities:        
Net cash provided by financing activities 0     0
Net decrease in cash and cash equivalents (1,528,000)     (1,595,000)
Cash and cash equivalents, beginning of year 37,431,000   $ 40,850,000 42,445,000
Cash and cash equivalents, end of year 35,903,000 $ 37,431,000   $ 40,850,000
Supplemental disclosure of noncash investing and financing transactions:        
Leased assets and operating lease liabilities - amended lease term $ 214,000