Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Cash Flows

v3.21.1
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Cash Flows from Operating Activities:    
Net loss $ (22,215) $ (21,900)
Adjustments to reconcile net loss to net cash used in operating activities:    
Stock-based compensation expense 1,254 1,295
Depreciation and amortization expense 447 420
Changes in operating assets and liabilities:    
Prepaid expenses and other current assets (531) 253
Increase (decrease) in:    
Accounts payable and accrued expenses (257) (1,255)
Operating lease liabilities (315) (275)
Net Cash Used In Operating Activities (21,617) (21,462)
Cash Flows from Investing Activities:    
Purchase of property and equipment (253) (64)
Net Cash Used In Investing Activities (253) (64)
Cash Flows from Financing Activities:    
Payments on note payable (381) (249)
Payments on finance leases (79) (73)
Proceeds from sales of shares of common stock and warrants, net of offering costs 76,589 15,932
Proceeds from the exercise of warrants 47 1,504
Net Cash Provided By Financing Activities 76,176 17,114
Net change in cash, cash equivalents and restricted cash 54,306 (4,412)
Cash, cash equivalents and restricted cash at beginning of year 9,693 14,105
Cash, cash equivalents and restricted cash at end of year 63,999 9,693
Supplemental disclosures of cash flow information:    
Cash paid for interest 8 26
Cash paid for taxes
Supplemental disclosure of non-cash investing and financing activities:    
Prepaid expenses financed by accounts payable 753 423
Deemed dividend for warrant down-round protection provision $ 1 $ 1