v3.25.1
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Operating activities:    
Net loss $ (10,860) $ (7,904)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation expense 68 88
Stock-based compensation expense 1,389 1,318
Non-cash lease expense 267 439
Non-cash interest and other expense, net 36 48
Changes in operating assets and liabilities:    
Prepaid expenses and other assets 231 (38)
Accounts payable (263) 206
Accrued expenses and other liabilities 1,215 (1,001)
Interest payable (23) (3)
Operating lease liabilities (96) (339)
Cash used in operating activities (8,036) (7,186)
Investing activities:    
Purchase of property and equipment 0 (168)
Cash used in investing activities 0 (168)
Financing activities:    
Proceeds from the issuance of common stock in connection with at-the-market offering, net of issuance costs 1,443 253
Repayment of loan (2,198)  
Proceeds from the issuance of common stock under equity plan awards 34 197
Cash provided by (used in) financing activities (721) 450
Net decrease in cash, cash equivalents and restricted cash (8,757) (6,904)
Cash, cash equivalents and restricted cash at beginning of period 30,711 39,673
Cash, cash equivalents and restricted cash at end of period 21,954 32,769
Supplemental disclosure of cash flow information:    
Cash paid for interest 148 326
Cash paid for business taxes $ 0 $ 0