v3.23.1
Condensed Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Operating activities:    
Net loss $ (3,257) $ (3,003)
Adjustments to reconcile net loss to net cash used in operating activities:    
Stock-based compensation expense 361 168
Amortization on leasehold improvement 3
Changes in operating assets and liabilities:    
Prepaid expenses and other current assets 233 267
Deferred offering costs (246)  
Accounts payable 294 204
Accrued expenses (91) 264
Net cash used in operating activities (2,706) (2,097)
Investing activities:    
Proceeds from maturities of marketable securities 2,032
Net cash provided by investing activities 2,032
Financing activities:    
Proceeds from exercise of stock options 6 26
Net cash provided by financing activities 6 26
Decrease in cash and cash equivalents (668) (2,071)
Cash and cash equivalents, beginning of period 4,391 15,192
Cash and cash equivalents, end of period $ 3,723 $ 13,121

Source