Quarterly report pursuant to Section 13 or 15(d)

Condensed Statements of Cash Flows (Unaudited)

v3.23.2
Condensed Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Cash Flows from Operating Activities:    
Net loss $ (11,618) $ (3,465)
Reconciliation of net loss to net cash used in operating activities:    
Share based compensation 38 612
Change in fair value of warrant liability 1,028 0
Issuance of common stock for licenses acquired 1,230 0
Research and development-licenses acquired, expense 2,000 0
Issuance of common stock to Fortress 72 0
Changes in operating assets and liabilities:    
Other receivables - related party (26) 90
Prepaid expenses and other current assets 68 (8)
Accrued licenses acquired 1,000 0
Net cash used in operating activities (6,238) (2,873)
Cash flows from Investing Activities:    
Purchase of research and development licenses (2,000) 0
Net cash used in investing activities (2,000) 0
Cash flows from Financing Activities:    
Issuance of common stock, pre-funded warrants and warrants, net of offering costs - registered direct offering and private placement 3,101 0
Net cash provided by financing activities 3,101 0
Net change in cash and cash equivalents (5,137) (2,873)
Cash and cash equivalents, beginning of period 6,708 3,763
Cash and cash equivalents, end of period 1,571 890
Supplemental cash flow information:    
Unpaid research and development licenses acquired 1,000 0
Related Party [Member]    
Changes in operating assets and liabilities:    
Accounts payable and accrued expenses (63) (54)
Nonrelated Party [Member]    
Changes in operating assets and liabilities:    
Accounts payable and accrued expenses $ 33 $ (48)