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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended 12 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Dec. 31, 2021
Cash flows from operating activities:          
Net loss $ (4,851) $ (5,876) $ (8,671) $ (9,455)  
Adjustments to reconcile net loss to net cash used in operating activities:          
Depreciation of property and equipment     20 325  
Redeemable warrants valuation adjustment     (34) 29  
Extinguishment of financing obligation and note payable     2,701  
Amortization of patent, trademark rights     38 80 $ 116
Changes in ROU assets     (740) 22  
Gain on sale of property and equipment     (216)  
Gain from sale of income tax operating losses     (422) (469)  
Equity-based compensation     517 1,006  
(Loss) on sale of marketable securities     1,404 25  
Amortization of finance and debt issuance costs     47  
Change in assets and liabilities:          
Accounts receivable     6  
Funds Receivable from New Jersey net operating loss     1,641 1,090  
Prepaid expenses and other current assets and other non-current assets     (69) 69  
Lease liability     740 (22)  
Other Assets     (73)  
Accounts payable     514 68  
Accrued expenses     64 (69)  
Net cash used in operating activities     (5,071) (4,763)  
Cash flows from investing activities:          
Proceeds from sale of marketable securities     8,713 1,613  
Purchase of marketable securities     (1,262) (2,096)  
Purchase of property and equipment     (26)  
Proceeds from sale of property and equipment     245  
Purchase of patent and trademark rights     (76) (365)  
Net cash provided by (used in) investing activities     7,375 (629)  
Cash flows from financing activities:          
Payment of financial obligation     (4,732)  
Financing obligation payments     (122)  
Proceeds from sale of stock, net of issuance costs     55 12,887  
Net cash provided by financing activities     55 8,033  
Net (decrease) increase in cash and cash equivalents     2,359 2,641  
Cash and cash equivalents at beginning of period     32,093 38,501 38,501
Cash and cash equivalents at end of period $ 34,452 $ 41,142 34,452 41,142 $ 32,093
Supplemental disclosures of non-cash investing and financing cash flow information:          
Operating lease-Right of Use Assets     761  
Unrealized loss on marketable securities     (225)  
Conversion of Series B preferred     $ 2 $ 7