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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended 12 Months Ended
Sep. 30, 2024
Mar. 31, 2024
Sep. 30, 2023
Mar. 31, 2023
Sep. 30, 2024
Sep. 30, 2023
Dec. 31, 2023
CASH FLOWS FROM OPERATING ACTIVITIES              
Net loss $ (7,230) $ (5,878) $ (6,229) $ (6,281) $ (19,157) $ (22,340)  
Adjustments to reconcile net loss to net cash used in operating activities              
Stock-based compensation         1,518 4,102  
Impairment charge on investment in equity securities 1,710   0   1,710 2,990 $ 2,990
Depreciation         13 9  
Loss on disposal of assets         3 0  
Changes in operating assets and liabilities:              
Prepaid materials         202 3,148  
Prepaid expenses and other current assets         1,212 542  
Other assets         (40) (1,697)  
Accounts payable         755 (2,247)  
Accrued expenses         721 202  
Payroll liabilities         (593) (81)  
Other current liabilities         (323) 2  
Net cash used in operating activities         (13,979) (15,370)  
CASH FLOWS FROM INVESTING ACTIVITIES              
Purchases of property and equipment         (19) (14)  
Net cash used in investing activities         (19) (14)  
CASH FLOWS FROM FINANCING ACTIVITIES              
Proceeds from exercise of warrants         304 0  
Common stock repurchased           (1,475)  
Net cash provided by (used in) financing activities         304 (1,475)  
NET DECREASE IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH         (13,694) (16,859)  
CASH, CASH EQUIVALENTS AND RESTRICTED CASH, BEGINNING BALANCE   $ 88,570   $ 111,000 88,570 111,000 111,000
CASH, CASH EQUIVALENTS AND RESTRICTED CASH, ENDING BALANCE 74,876   94,141   74,876 94,141 88,570
RECONCILIATION OF CASH AND CASH EQUIVALENTS AND RESTRICTED CASH              
Cash and cash equivalents 74,766   94,031   74,766 94,031 88,460
Restricted cash 110   110   110 110  
Total cash, cash equivalents and restricted cash $ 74,876   $ 94,141   74,876 94,141 $ 88,570
NON CASH INVESTING AND FINANCING ACTIVITIES              
Common stock issued upon cashless exercise of stock options         $ 273 $ 0