v3.24.1
Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Cash flows from operating activities:    
Net loss $ (10,232) $ (9,889)
Adjustments to reconcile net loss to net cash used in operating activities:    
Stock-based compensation expense 1,078 644
Amortization on leasehold improvements 6
Change in fair value of common stock warrants classified as a liability (1,709)
Changes in operating assets and liabilities:    
Prepaid expenses and other current assets 633 264
Other assets (101) 9
Accounts payables 27
Accrued expenses 46 155
Net cash used in operating activities (10,258) (8,811)
Cash flows from investing activities:    
Purchases of marketable securities (8,000)
Proceeds from maturities of marketable securities 5,968
Proceeds from the sale of investments 2,032
Net cash provided by (used in) investing activities 2,032 (2,032)
Cash flows from financing activities:    
Proceeds from common stock and pre-funded common stock warrants 5,000
Proceeds from exercise of stock options 8 42
Net cash provided by financing activities 5,008 42
Net decrease in cash and cash equivalents (3,218) (10,801)
Beginning of year 4,391 15,192
End of year 1,173 4,391
Supplemental of non-cash financing activities:    
Fair value of common warrant classified as a liability $ 3,291

Source