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, 2023
Dec. 31, 2022
CASH FLOWS FROM OPERATING ACTIVITIES    
Net loss $ (7,597) $ (20,884)
Adjustments to reconcile net loss to net cash used in operating activities:    
Stock based compensation - consultants and research and development 163 2,522
Stock based compensation - officers, employees and board of directors 267 2,092
Stock based compensation - vested stock options 1,770 3,032
Fair value of common stock issued to a noteholder as settlement 35
Change in fair value of warrant liability (4,797) (119)
Change in operating lease right-of-use assets 112 95
Gain from extinguishment of debt  
Unrealized (gain) loss on marketable securities (48) 30
Changes in operating assets and liabilities:    
(Increase) decrease in prepaid expenses and other current assets (30) 136
(Increase) decrease in deposits 9 (9)
Increase (decrease) in accounts payable and accrued expenses 1,962 (2,030)
Decrease in operating lease liability (116) (86)
Net Cash Used in Operating Activities (8,852) (15,217)
CASH FLOWS FROM INVESTING ACTIVITIES    
(Purchase) sale of investments (2,009) 12,145
Net Cash Used in Investing Activities (2,009) 12,145
CASH FLOWS FROM FINANCING ACTIVITIES    
Proceeds from issuance of common stock 6,268
Cancellation of common stock upon settlement with former officer (224)
Net Cash Provided by (Used in) Financing Activities 6,268 (224)
Net Decrease in Cash (4,593) (3,296)
Cash at Beginning of Period 5,672 8,968
Cash at End of Period 1,079 5,672
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION:    
Interest 213
Income taxes
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
Common stock issued upon settlement of debt 702 3,251
Share Settled Debt [Member]    
Adjustments to reconcile net loss to net cash used in operating activities:    
Gain from extinguishment of debt $ (547)  
Loan Facility [Member]    
Adjustments to reconcile net loss to net cash used in operating activities:    
Gain from extinguishment of debt   $ (31)