Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Cash Flow (Unaudited)

v3.24.3
Condensed Consolidated Statements of Cash Flow (Unaudited) - USD ($)
$ in Thousands
 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Cash flows from operating activities:    
Net loss $ (15,818) $ (17,628)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 275 288
Stock based compensation expense 2,951 3,676
Amortization of operating lease right-of-use assets 446 406
Amortization of finance lease right-of-use assets 4 7
Amortization of bond (premium)/discount (16) 90
Changes in operating assets and liabilities:    
Operating lease liabilities (481) (411)
Prepaid expenses and other current assets 839 3,996
Accounts payable (165) 217
Accrued expenses and other liabilities (410) (1,340)
Net cash used in operating activities (12,375) (10,699)
Cash flows from investing activities:    
Purchase of marketable debt securities (8,437)
Proceeds from maturities of marketable debt securities 17,145 10,500
Purchases of leasehold improvements and equipment (218)
Net cash provided by investing activities 8,708 10,282
Cash flows from financing activities:    
Net proceeds from public offerings of common stock and warrants 9,179
Payments of finance lease liability – principal (4) (6)
Net cash provided by/(used in) financing activities 9,175 (6)
Net increase/(decrease) in cash, cash equivalents and restricted cash 5,508 (423)
Cash, cash equivalents and restricted cash at beginning of period 5,037 7,080
Cash, cash equivalents and restricted cash at end of period 10,545 6,657
Supplemental non-cash financing and investing activities:    
Unrealized gain on marketable debt securities $ 221 $ 465