v3.24.1
STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Cash Flows from Operating Activities:    
Net loss $ (51,847) $ (62,624)
Adjustments to reconcile net loss to net cash used in operating activities:    
Stock-based compensation expense 2,897 2,924
Issuance of common shares - Founders Agreement 952 418
Common shares issuable - Founders Agreement 3,419 1,885
(Gain) loss on common stock warrant liabilities (217) 4,451
Changes in operating assets and liabilities:    
Prepaid expenses and other current assets 699 (173)
Other receivables - related party 73 (56)
Accounts payable and accrued expenses (5,075) (4,622)
Accounts payable and accrued expenses - related party 1,509 243
Net cash used in operating activities (47,590) (57,554)
Cash Flows from Financing Activities:    
Proceeds from issuance of common shares   7,500
Net settlement of shares withheld for payment of employee taxes 0 (1,698)
Payment of Fractional shares 0 (6)
Cash received for exercise of warrants 11,134  
Payment of transactional costs for exercise of warrants (1,016)  
Net cash provided by financing activities 40,450 14,887
Net decrease in cash and cash equivalents (7,140) (42,667)
Cash and cash equivalents at beginning of period 12,068 54,735
Cash and cash equivalents at end of period 4,928 12,068
Supplemental disclosure of noncash investing and financing activities:    
Issuance of common shares - Founders Agreement 1,885 6,598
Issuance of common shares - Registered direct offerings (offering costs incurred but not paid) 207  
Warrant inducement (transactional costs incurred but not paid) 56  
Registered direct offerings    
Cash Flows from Financing Activities:    
Proceeds from issuance of common shares 33,621 7,500
Payment of offering costs for the issuance of common shares (3,289) (781)
At-the-market offering    
Cash Flows from Financing Activities:    
Proceeds from issuance of common shares 0 10,120
Payment of offering costs for the issuance of common shares $ 0 $ (248)

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