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 $ (38,243) $ (48,818)
Adjustments to reconcile net loss to net cash used in/provided by operating activities:    
Stock-based compensation expense 5,292 3,842
Depreciation and amortization expense 197 207
Amortization of right-of-use assets 614 583
Changes in operating assets and liabilities:    
Prepaid expenses and other current assets (15) 49
Accounts payable and accrued expenses (387) (2,177)
Operating lease right-of-use assets (527)
Operating lease liabilities (530) (494)
Net Cash Used In Operating Activities (33,072) (47,335)
Cash Flows Used in Investing Activities:    
Purchase of property and equipment (11) (153)
Net Cash Used In Investing Activities (11) (153)
Cash Flows from Financing Activities:    
Payments on finance leases (9) (4)
Proceeds from sales of shares of common stock, net of offering costs 29,255 14,612
Proceeds from the exercise of stock options 75 262
Net Cash Provided By Financing Activities 29,321 14,870
Net change in cash, cash equivalents and restricted cash (3,762) (32,618)
Cash, cash equivalents and restricted cash at beginning of year 76,990 109,608
Cash, cash equivalents and restricted cash at end of year 73,228 76,990
Supplemental disclosures of cash flow information:    
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