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
Statement of Cash Flows [Abstract]    
Net loss $ (48,818) $ (33,017)
Adjustments to reconcile net loss to net cash used in/provided by operating activities:    
Stock-based compensation expense 3,842 2,795
Depreciation and amortization expense 790 699
Changes in operating assets and liabilities:    
Prepaid expenses and other current assets 49 (158)
Accounts payable and accrued expenses (2,177) 4,595
Other revenue deferred – current liability (998)
Long-term license revenue deferred 35,000
Operating lease right-of-use assets (527)
Operating lease liabilities (494) (272)
Net Cash Used In/Provided By Operating Activities (47,335) 8,644
Purchase of property and equipment (153) (366)
Net Cash Used In Investing Activities (153) (366)
Payments on finance leases (4) (49)
Proceeds from sales of shares of common stock, net of offering costs 14,612 23,158
Proceeds from the exercise of stock options 262
Net Cash Provided By Financing Activities 14,870 23,109
Net change in cash, cash equivalents and restricted cash (32,618) 31,387
Cash, cash equivalents and restricted cash at beginning of year 109,608 78,221
Cash, cash equivalents and restricted cash at end of year 76,990 109,608
Cash paid for interest
Cash paid for taxes
Supplemental disclosure of non-cash investing and financing activities:    
Right-of-use assets obtained in exchange for lease liabilities 30 2,605
Equipment obtained in exchange for security deposit $ 50