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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Cash flows from operating activities:    
Net (loss) income $ (4,467) $ (3,320)
Adjustments to reconcile net (loss) income to cash flows from operating activities:    
Depreciation 1 2
Deferred tax assets 0 (1,059)
Bad debt 10 0
Stock-based compensation 682 778
Changes in assets and liabilities:    
Accounts receivables 0 5
Prepaid expenses and other assets (301) (369)
Accounts payable 1,320 313
Accrued payroll and related expenses 54 60
Accrued licensing costs 0 (355)
Other liabilities (10) (17)
Net cash (used in) operating activities (2,711) (3,962)
Cash flows from investing activities:    
Purchase of investments (16,638) (4,060)
Proceeds from sale or maturity of investments 29,838 2,412
Net cash provided by (used in) investing activities 13,200 (1,648)
Net change in cash and cash equivalents 10,489 (5,610)
Cash and cash equivalents, beginning of period 86,561 142,018
Cash and cash equivalents, end of period 97,050 136,408
Non-cash transactions    
Dividends approved and accrued on March 30, 2023, paid in April 2023 $ 71,429 $ 0