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STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss $ (22,260) $ (19,085)
Adjustments to reconcile loss to net cash used in operating activities:    
Cost of share-based payments 4,705 1,707
Changes in operating assets and liabilities:    
Decrease/(increase) in other current assets 353 (321)
(Decrease)/increase in accounts payable (139) 1,851
(Decrease)/increase in accrued liabilities (30) 338
Increase in accrued compensation and benefits 1,417 1,951
Net cash used in operating activities (15,954) (13,559)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Net cash provided by (used in) investing activities 0 0
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from issuance of common shares - At-the market offering 5,289  
Issuance costs related to At-the-market offering (174)  
Proceeds from issuance of common shares upon initial public offering   16,000
Proceeds from issuance of common shares and pre-funded warrants in private placement   15,879
Proceeds from exercise of warrants, options, and preferred investment option 11,192  
Issuance costs related to the exercise of warrants, and preferred investment option (371)  
Net cash provided by financing activities 15,087 27,810
(DECREASE)/INCREASE IN CASH AND CASH EQUIVALENTS (867) 14,251
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD 19,993 5,742
CASH AND CASH EQUIVALENTS AT END OF PERIOD 19,126 19,993
Supplemental noncash disclosure of investing and financing activities:    
Unpaid issuance costs related to the private placement   450
Initial Public Offering    
CASH FLOWS FROM FINANCING ACTIVITIES:    
Issuance costs related to initial public offering (341) (2,551)
Private Placement    
CASH FLOWS FROM FINANCING ACTIVITIES:    
Issuance costs related to private placement $ (508) $ (1,518)