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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Cash flows from operating activities:    
Net loss $ (28,323) $ (25,604)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation expense 29 3
Stock-based compensation expense 2,398 2,504
Accretion of debt discount on available-for-sale securities (2) (139)
Changes in operating assets and liabilities:    
Prepaid expenses and other assets 249 (699)
Accounts payable 3,735 4,137
Accrued liabilities 1,178 61
Net cash used in operating activities (20,736) (19,737)
Cash flows from investing activities:    
Purchase of property and equipment (6) (71)
Proceeds from redemptions of short-term investments   10,099
Purchase of short-term investments   (9,965)
Net cash (used in) provided by investing activities (6) 63
Cash flows from financing activities:    
Proceeds from issuance of common stock, net of issuance costs   24,792
Proceeds from issuance of common stock under ESPP 14 15
Taxes paid related to net share settlement of equity awards (33) (48)
Settlement of fractional shares paid in cash (1)  
Net cash (used in) provided by financing activities (20) 24,759
Net (decrease) increase in cash and cash equivalents (20,762) 5,085
Cash and cash equivalents — beginning of period 37,125 41,100
Cash and cash equivalents — end of period $ 16,363 46,185
Supplemental disclosure of non-cash investing and financing activities    
Unpaid issuance costs   64
Purchase of fixed assets recorded in accounts payable   $ 30