Annual report [Section 13 and 15(d), not S-K Item 405]

Consolidated Statements of Cash Flows

v3.25.1
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Cash flows from operating activities:    
Net loss $ (17,504) $ (17,984)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization expense 126 189
Right of use assets 320 (1,577)
Stock-based compensation 643 801
Change in operating lease liabilities (210) 1,563
Changes in operating assets and liabilities:    
Tax credit receivable (325) (174)
Prepaid expenses and other current assets 1,343 470
Deposits 17
Accounts payable and accrued expenses (895) 2,046
Net cash used in operating activities (16,485) (14,666)
Investing activities:    
Purchases of property and equipment (8) (118)
Net cash used in investing activities (8) (118)
Financing activities:    
Payments of finance lease obligations (7)
Proceeds from sale of common stock, net of transaction costs 4,000
Net cash provided by (used in) financing activities 3,993
Net decrease in cash and restricted cash (16,493) (10,791)
Cash and restricted cash at beginning of period 26,428 37,219
Cash and restricted cash at end of period 9,935 26,428
Non-cash investing and financing activities    
Initial recognition of right-of-use assets and lease liabilities $ 163