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STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 12 Months Ended
Mar. 31, 2021
Dec. 31, 2020
Jun. 30, 2020
Mar. 31, 2020
Dec. 31, 2020
Cash flows from operating activities:          
Net loss $ (4,100) $ (5,125) $ (1,302) $ (1,320)  
Adjustments to reconcile net loss to net cash used in operating activities:          
Depreciation 3     3  
Amortization of right-of-use asset - operating 14     22  
Share-based compensation 141     16  
Change in operating assets and liabilities:          
Other current assets (840)     (75)  
Accounts payable 56     (293)  
Accrued compensation and employee benefits (560)     60  
Accrued expenses and other liabilities 61     (99)  
Net cash used in operating activities (5,225)     (1,686)  
Cash flows from investing activities:          
Purchases of property and equipment (6)     (3)  
Net cash used in investing activities (6)     (3)  
Cash flows from financing activities:          
Proceeds from the issuance of common stock 24,070        
Common stock offering costs (977)        
Net cash provided by financing activities 23,093        
Net increase (decrease) in cash and cash equivalents 17,862     (1,689)  
Cash and cash equivalents, beginning of period 49,071   $ 6,674 8,363 $ 8,363
Cash and cash equivalents, end of period 66,933 $ 49,071   6,674 $ 49,071
Supplemental disclosure of noncash investing and financing transactions:          
Purchases of property and equipment in accounts payable $ 3        
Vendor finance agreement       408  
Leased assets obtained in exchange for operating lease liabilities       $ 49