Annual report pursuant to Section 13 and 15(d)

Basis of Presentation and Significant Accounting Policies (Tables)

v3.23.1
Basis of Presentation and Significant Accounting Policies (Tables)
 12 Months Ended
Dec. 31, 2022
Accounting Policies [Abstract]  
Schedule of Reconciliation of Cash and Restricted Cash

The following table provides a reconciliation of cash and restricted cash reported within the consolidated balance sheets that sum to the total of the same such amounts shown in the consolidated statements of cash flows (in thousands):

 

    December 31,
2022		     December 31,
2021		  
Cash   $ 37,144     $ 58,705  
Restricted cash     75       50  
Total cash and restricted cash shown in the statements of cash flows   $ 37,219     $ 58,755  
Schedule of Reconciliation of Beginning and Ending Level 3 Liabilities

The Company has not transferred any financial instruments into or out of Level 3 classification during the years ended December 31, 2022 and 2021. A reconciliation of the beginning and ending Level 3 liabilities for is as follows (in thousands):

 

    2022     2021  
    Fair Value Measurements Using
Significant Unobservable Inputs
(Level 3)		  
    2022     2021  
Balance, January 1,   $ 12     $ 61  
                 
Change in fair value of warrants potentially settleable in cash (Note 9)     (12 )     (49 )
Balance at December 31,   $ 0     $ 12  
Schedule of Antidilutive Securities Excluded from Calculations of Net Loss Per Share

The following table sets forth the number of potential common shares excluded from the calculations of net loss per diluted share because their inclusion would be anti-dilutive (in thousands):

    2022     2021  
    December 31,  
    2022     2021  
Outstanding options to purchase common stock     350       206  
Warrants to purchase common stock     13       20  
Total     363       226