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, 2021
Dec. 31, 2020
Cash Flows from Operating Activities:    
Net loss $ (24,774) $ (22,215)
Adjustments to reconcile net loss to net cash used in operating activities:    
Stock-based compensation expense 1,694 1,254
Depreciation and amortization expense 524 447
Prepaid expenses and other current assets (161) (531)
Increase (decrease) in:    
Accounts payable and accrued expenses 1,195 (257)
Other liability 998  
Operating lease liabilities (342) (315)
Net Cash Used In Operating Activities (20,866) (21,617)
Cash Flows from Investing Activities:    
Purchase of property and equipment (133) (253)
Net Cash Used In Investing Activities (133) (253)
Cash Flows from Financing Activities:    
Payments on note payable (381)
Payments on finance leases (85) (79)
Proceeds from sales of shares of common stock and warrants, net of offering costs 35,300 76,589
Proceeds from the exercise of stock options 6
Proceeds from the exercise of warrants 47
Net Cash Provided By Financing Activities 35,221 76,176
Net change in cash, cash equivalents and restricted cash 14,222 54,306
Cash, cash equivalents and restricted cash at beginning of year 63,999 9,693
Cash, cash equivalents and restricted cash at end of year 78,221 63,999
Supplemental disclosures of cash flow information:    
Cash paid for interest 8
Cash paid for taxes
Supplemental disclosure of non-cash investing and financing activities:    
Deemed dividend for warrant down-round protection provision $ 1