XML 17 R6.htm IDEA: XBRL DOCUMENT v3.22.2
Condensed Consolidated Statements of Cash Flows - USD ($)
6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Operating activities:    
Net loss $ (17,989,000) $ (11,689,000)
Adjustments required to reconcile net loss to net cash used in operating activities:    
Depreciation 421,000 578,000
Stock-based compensation 1,442,000 1,749,000
Non-cash interest expense   62,000
Payment of accreted interest for deferred consideration for asset acquisition   (586,000)
Changes in operating assets and liabilities:    
Award receivable 1,106,000 (607,000)
Accounts payable and accrued liabilities 1,622,000 100,000
Accrued compensation 621,000 652,000
Operating lease right-of-use asset and liability, net 1,781,000 97,000
Prepaid expenses and other current assets (667,000) (369,000)
Net cash used in operating activities (11,663,000) (10,013,000)
Investing activities:    
Purchases of property and equipment (1,372,000) (494,000)
Net cash used in investing activities (1,372,000) (494,000)
Financing activities:    
Principal payment of deferred consideration for asset acquisition   (1,414,000)
Proceeds from sale of common stock, net of offering costs 44,414,000 19,363,000
Proceeds from exercise of warrants and stock options 71,000 445,000
Net cash provided by financing activities 44,485,000 18,394,000
Net increase in cash, cash equivalents and restricted cash 31,450,000 7,887,000
Cash, cash equivalents and restricted cash, beginning of period 11,488,000 10,849,000
Cash, cash equivalents and restricted cash, end of period 42,938,000 18,736,000
Supplemental disclosure of cash flow information:    
Unpaid offering costs 23,000  
Property and equipment included in accounts payable $ 85,000 $ 162,000