XML 16 R7.htm IDEA: XBRL DOCUMENT v3.23.1
Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss $ (7,639) $ (12,367)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 929 31
Stock-based compensation 901 231
Amortization of consulting fees paid in common stock 1,725
Change in fair value of convertible debentures 7,432
PIK interest 135
Amortization of debt issuance costs 94
Contributions in the form of rent payments 136
Recognition of prepaid offering costs upon election of fair value option 107
Other 6
Changes in operating assets and liabilities:    
Supplies 11 57
Prepaid expenses and consulting fees 925 (132)
Other current assets 7
Cloud computing arrangements (621)
Accounts payable (489) (2,209)
Accrued and other liabilities 35 149
Net cash used in operating activities (3,360) (7,186)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchase of property and equipment   (39)
Development of internal use software (519)
Net cash used in investing activities (558)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from issuance of convertible debentures 22,500
Deferred offering costs (19)
Net cash provided by financing activities 22,481
Net increase (decrease) in cash and cash equivalents (3,360) 14,737
Cash and cash equivalents at beginning of period 5,515 6,856
Cash and cash equivalents at end of period $ 2,155 $ 21,593