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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Cash flows from operating activities:    
Net loss $ (40,420) $ (65,952)
Adjustments to reconcile net loss to net cash used in operating activities:    
Loss on impairment of goodwill 29,517
Stock based compensation 6,092 6,688
Operating lease right-of-use asset 1,013 1,366
Depreciation 341 248
Amortization of premium (Accretion of discount) on marketable debt securities (444) 1,137
Changes in operating assets and liabilities:    
Prepaid expenses and other current assets (1,265) 265
Other assets (2,300) 222
Accounts payable 848 631
Accrued expenses (505) 748
Operating lease liabilities (917) (1,327)
Net cash provided by (used in) operating activities (37,557) (26,457)
Cash flows from investing activities:    
Purchase of marketable debt securities (12,186) (43,550)
Proceeds from maturity and redemption of marketable debt securities 65,338 58,620
Purchase of property and equipment (45) (120)
Net cash provided by (used in) investing activities 53,107 14,950
Cash flows from financing activities:    
Repurchase of shares in connection with settlement of RSUs (91) (90)
Net cash provided by (used in) financing activities (91) (90)
Net increase (decrease) in cash and cash equivalents and restricted cash 15,459 (11,597)
Cash and cash equivalents and restricted cash - beginning of year 24,872 36,469
Cash and cash equivalents and restricted cash - end of year 40,331 24,872
Cash paid for:    
Interest
Income taxes