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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended 12 Months Ended
Sep. 30, 2023
Sep. 30, 2023
Sep. 30, 2022
Dec. 31, 2022
CASH FLOWS FROM OPERATING ACTIVITIES:        
Net loss   $ (25,818) $ (29,513)  
Adjustments to reconcile net loss to net cash used in operating activities:        
Depreciation expense   4 3  
Stock-based compensation   1,590 2,862  
Change in fair value of warrant liabilities   (27) (236)  
Change in fair value of earnout cash liability     (4,582)  
Change in fair value of convertible promissory note $ 359 2,794   $ 505
Non-cash settlement expense   250    
Increases (decreases) in operating assets and liabilities:        
Prepaid expenses and other assets   1,554 (1,443)  
Accounts payable   1,654 (1,519)  
Accrued expenses and other liabilities   (466) 2,991  
Net cash used in operating activities   (18,465) (31,437)  
CASH FLOWS FROM INVESTING ACTIVITIES        
Purchase of computer equipment   (4) (11)  
Net cash used in investing activities   (4) (11)  
CASH FLOWS FROM FINANCING ACTIVITIES        
Repayment of note payable     (518)  
Repayment of convertible note   (2,288)    
Repayment of insurance loan   (474)    
Proceeds from issuance of insurance loan   786    
Proceeds from issuance of Series A preferred stock and warrants issued in private placement, net of issuance costs   1,171    
Proceeds from issuance of common stock and warrants issued in private placement, net of issuance costs   8,122 22,610  
Net cash provided by financing activities   7,317 22,092  
Net (decrease) increase in cash and cash equivalents   (11,152) (9,356)  
Cash and cash equivalents at beginning of period   20,054 27,605 27,605
Cash and cash equivalents at end of period 8,902 8,902 18,249 $ 20,054
Non-cash investing and financing activities        
Cash paid for interest   646    
Issuance of common stock as principal and interest repayment for convertible notes $ 782 982    
Issuance of common stock warrants as offering costs   75 726  
Issuance of common stock for settlement of accrued liability   $ 250 $ 17