Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Cash Flows (Unaudited)

v3.21.2
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
 9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Operating activities:    
Net loss $ (10,500) $ (8,155)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization expense 142 112
Amortization of right of use assets 143 133
Stock-based compensation 502 463
Payments on operating lease liabilities (146) (131)
Change in fair value of derivative liabilities (27) 29
Changes in operating assets and liabilities:    
Accounts receivable 550 63
Prepaid expenses and other current assets (342) (318)
Deposits 4
Accounts payable and accrued expenses (119) 351
Net cash used in operating activities (9,797) (7,449)
Investing activities:    
Purchases of property and equipment (44) (239)
Net cash used in investing activities (44) (239)
Financing activities:    
Payments on finance lease liabilities (30) (110)
Proceeds from sale of common stock, net of transaction costs 38,505 32,161
Net cash provided by financing activities 38,475 32,051
Net increase in cash and restricted cash 28,634 24,363
Cash and restricted cash at beginning of period 33,060 7,468
Cash and restricted cash at end of period 61,694 31,831
SUPPLEMENTAL DISCLOSURE OF NON-CASH FINANCING ACTIVITIES:    
Recognition of finance lease right-of-use asset and liability 77
Recognition of operating lease right-of-use asset and liability $ 171