Annual report pursuant to Section 13 and 15(d)

Basis of Presentation and Significant Accounting Policies (Tables)

Basis of Presentation and Significant Accounting Policies (Tables)

12 Months Ended

Dec. 31, 2023

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, 2023		December 31, 2022
Cash	$	26,353	$	37,144
Restricted cash		75		75
Total cash and restricted cash shown in the statements of cash flows	$	26,428	$	37,219

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, 2023 and 2022. A reconciliation of the beginning and ending Level 3 liabilities for is as follows (in thousands):


	Fair Value Measurements Using Significant Unobservable Inputs (Level 3)
	2023		2022
Balance, January 1,	$	-	$	12
Beginning balance	$	-	$	12

Change in fair value of warrants potentially settleable in cash (Note 9)		-		(12	)
Balance at December 31,	$	-	$	-
Ending balance	$	-	$	-

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):


	December 31,
	2023		2022
Outstanding options to purchase common stock		558		350
Warrants to purchase common stock		11		13
Total		569		363