Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Cash Flows

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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Operating activities:    
Net loss $ (17,984) $ (38,837)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation-and-amortization expense 189 185
Right of use assets (1,577) 203
Loss on impairment of goodwill 19,092
Stock-based compensation 801 855
Change in operating lease liabilities 1,563 (209)
Change in fair value of derivative liabilities (12)
Changes in operating assets and liabilities:    
Tax credit receivable (174) (716)
Prepaid expenses and other current assets 470 (1,675)
Accounts payable and accrued expenses 2,046 (321)
Net cash used in operating activities (14,666) (21,435)
Investing activities:    
Purchases of property and equipment (118) (74)
Net cash used in investing activities (118) (74)
Financing activities:    
Payments of finance lease obligations (7) (27)
Proceeds from sale of common stock, net of transaction costs 4,000
Net cash provided by (used in) financing activities 3,993 (27)
Net decrease in cash and restricted cash (10,791) (21,536)
Cash and restricted cash at beginning of period 37,219 58,755
Cash and restricted cash at end of period $ 26,428 $ 37,219