Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Cash Flows (Unaudited)

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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
 3 Months Ended 9 Months Ended 12 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Dec. 31, 2022
CASH FLOWS FROM OPERATING ACTIVITIES          
Net loss $ (2,416) $ (6,881) $ (4,635) $ (15,300)  
Adjustments to reconcile net loss to net cash used in operating activities:          
Stock based compensation – common shares for services     430 5,713  
Stock based compensation – vested stock options     1,337 3,854  
Change in fair value of warrant liability (485) (58) (4,796) (81)  
Gain on extinguishment of debt (547)  
Unrealized (gain) loss on marketable securities     (43) 53  
Changes in operating assets and liabilities:          
Decrease in prepaid expenses     16 102  
Increase in deposits     (9)  
Decrease in operating lease right of use assets     78 70  
Increase (decrease) in accounts payable and accrued expenses     1,437 (5,259)  
(Decrease) in operating lease liability     (82) (62)  
Net Cash Used in Operating Activities     (6,805) (10,919)  
CASH FLOWS FROM INVESTING ACTIVITIES          
Sales (purchases) of investments     (2,487) 4,639  
Net Cash Provided by (Used in) Investing Activities     (2,487) 4,639  
CASH FLOWS FROM FINANCING ACTIVITIES          
Proceeds from issuance of common stock and prefunded warrants     6,268  
Cancellation of common stock upon settlement with former officer     (223)  
Net Cash (Used in) Provided by Financing Activities     6,268 (223)  
Net Decrease in Cash     (3,024) (6,503)  
Cash at Beginning of Period     5,672 8,968 $ 8,968
Cash at End of Period $ 2,648 $ 2,465 2,648 2,465 $ 5,672
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION:          
Interest      
Income taxes paid      
SUPPLEMENTAL DISCLOSURES OF NON-CASH INVESTING AND FINANCING ACTIVITIES          
Right-of-use assets exchanged for lease liabilities     260  
Initial recognition of fair value of warrant liability     5,831  
Fair value of common stock issued to settle accounts payable and accrued expenses     700  
Common stock issued upon conversion of notes payable and accrued interest     $ 1,113