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Unaudited Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Cash flows used in operating activities:    
Net loss $ (11,095) $ (9,045)
Adjustments to reconcile net loss to net cash used in operating activities:    
Stock-based compensation 1,226 1,575
Operating lease right-of-use asset 246 341
Depreciation 83 77
Amortization of premium (Accretion of discount) on marketable debt securities (68) (71)
Changes in operating assets and liabilities:    
Prepaid expenses and other current assets 435 (6,145)
Other assets (301) 58
Accounts payable (1,462) 2,495
Accrued expenses and other current liabilities 797 (1,841)
Operating lease liabilities (240) (332)
Net cash used in operating activities (10,379) (12,888)
Cash flows from investing activities:    
Purchase of marketable debt securities (12,186)
Proceeds from maturity and redemption of marketable debt securities 23,100 22,052
Purchase of property and equipment (6)
Net cash provided by investing activities 23,100 9,860
Cash flows from financing activities:    
Repurchase of shares in connection with settlement of RSUs (76) (64)
Net cash used in financing activities (76) (64)
Net increase (decrease) in cash and cash equivalents and restricted cash 12,645 (3,092)
Cash and cash equivalents and restricted cash - beginning of year 40,331 24,872
Cash and cash equivalents and restricted cash - end of period 52,976 21,780
Reconciliation of cash and cash equivalents and restricted cash to the condensed consolidated balance sheets:    
Cash and cash equivalents 52,231 21,035
Restricted cash, non-current 745 745
Cash and cash equivalents and restricted cash 52,976 21,780
Supplemental schedule of noncash financing activities:    
Accrued financing fees $ 385