Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Cash Flows (Unaudited)

v3.21.2
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Cash flows from operating activities:    
Net loss $ (13,069) $ (14,716)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 130 154
Stock-based compensation 1,817 1,265
Change in fair value of warrant liability (4,428) (1,489)
Operating lease, net 102 90
Changes in operating assets and liabilities:    
Prepaid expenses and other current assets 133 294
Accounts payable 261 (810)
Accrued expenses and other current liabilities 361 565
Net cash used in operating activities (14,693) (14,647)
Cash flows from investing activities:    
Purchase of fixed assets 0 (360)
Net cash used in investing activities 0 (360)
Cash flows from financing activities:    
Proceeds from exercise of warrants 63 5
Payment of tax liability for vested restricted stock units (24) (17)
Proceeds from sale of common stock, net of issuance costs 74,685 17,077
Net cash provided by financing activities 74,724 17,065
Effect of exchange rate changes on cash and cash equivalents (26) 2
Net change in cash and cash equivalents 60,005 2,060
Cash and cash equivalents, at beginning of period 15,173 10,735
Cash and cash equivalents, at end of period 75,178 12,795
Supplemental disclosures of cash flow information:    
Cash paid for taxes 11 20
Non-cash investing and financing activities:    
Purchases of property and equipment in accounts payable and accrued liabilities $ 0 $ 316