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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss $ (9,410) $ (9,005)
Adjustments to reconcile net loss to net cash used in operating activities:    
Stock-based compensation 551 469
Depreciation 7 1
Changes in operating assets and liabilities:    
Prepaid expenses and other current assets (690) (530)
Accounts payable 1,377 3,985
Accrued liabilities (1,375) (811)
Net cash used in operating activities (9,540) (5,891)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Capital expenditures 0 (40)
Net cash used in investing activities 0 (40)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from the issuance of common stock, net of issuance costs 0 1,628
Proceeds from the exercise of warrants 0 8,969
Payments of taxes related to net share settlement of equity awards (55) 0
Net cash provided by (used in) financing activities (55) 10,597
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS (9,595) 4,666
CASH AND CASH EQUIVALENTS—BEGINNING 26,884 30,115
CASH AND CASH EQUIVALENTS—ENDING $ 17,289 $ 34,781