v3.24.2.u1
Condensed Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Cash flows from operating activities:    
Net loss $ (3,465) $ (5,584)
Adjustments to reconcile net loss to net cash used in operating activities:    
Stock-based compensation expense 667 618
Change in fair value of common warrants classified as a liability (1,870) (1,966)
Loss on financing common stock and common warrants 393
Changes in operating assets and liabilities:    
Prepaid expenses and other current assets (70) 501
Deferred offering costs 101 (36)
Accounts payable (123) 338
Accrued expenses 259 259
Net cash used in operating activities (4,501) (5,477)
Cash flows from investing activities:    
Proceeds from maturities of marketable securities 2,032
Net cash provided by investing activities 2,032
Cash flows from financing activities:    
Proceeds from private placement offering, net of offering costs 15,016 5,000
Proceeds from exercise of stock options 54 8
Net cash provided by financing activities 15,070 5,008
Net increase in cash and cash equivalents 10,569 1,563
Beginning of period 1,173 4,391
End of period 11,742 5,954
Supplemental of non-cash financing activities:    
Fair value of common warrant classified as a liability $ 1,421 $ 3,427

Source