Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Cash Flows (Unaudited)

v3.23.1
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Cash Flows Used In Operating Activities:    
Net loss $ (11,037) $ (5,129)
Adjustments to reconcile net loss to net cash used in operating activities:    
Stock-based compensation expense 993 421
Depreciation & amortization expenses 182 137
Changes in operating assets and liabilities:    
Prepaid expenses and other current assets (1,989) (114)
Accounts payable and accrued expenses (2,770) (275)
Other liability (731)
Operating lease right-of-use assets (336)
Operating lease liabilities (120) (90)
Net Cash Used In Operating Activities (15,077) (5,781)
Cash Flows Used In Investing Activities:    
Purchase of property and equipment (76) (7)
Net Cash Used In Investing Activities (76) (7)
Cash Flows Provided By / Used In Financing Activities:    
Payments on finance leases (1) (22)
Sales of shares of common stock, net of costs 770
Proceeds from the exercise of stock options 1
Net Cash Provided By / Used In Financing Activities 770 (22)
Net change in cash, cash equivalents, and restricted cash (14,383) (5,810)
Cash, cash equivalents, and restricted cash at beginning of period 109,608 78,221
Cash, cash equivalents, and restricted cash at end of period 95,225 72,411
Supplemental disclosure of cash flow information:    
Cash paid for interest
Cash paid for income taxes