General form of registration statement for all companies including face-amount certificate companies

Statements of Cash Flows (Unaudited)

v3.24.4
Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Cash flows from operating activities    
Net loss $ (13,483) $ (1,848)
Adjustments to reconcile net loss to net cash used in operating activities:    
Non-cash interest (income) expense – royalty agreement 2,764 (7,407)
Non-cash interest expense – convertible notes payable 249 0
Change in fair value of derivative liabilities - royalty agreement 404 (541)
Change in fair value of convertible notes payable 568 0
Stock-based compensation 562 454
Costs to issue convertible notes payable 129 0
Change in operating assets and liabilities:    
Prepaid expenses and other current assets (243) 290
Accounts payable 2,195 (1,184)
Accrued expenses and other current liabilities 1,408 (1,040)
Net cash used in operating activities (5,447) (11,276)
Cash flows from financing activities    
Proceeds from the issuance of convertible notes payable 12,433 0
Costs to issue convertible notes payable (129) 0
Net cash provided by financing activities 12,304 0
Net increase (decrease) in cash and cash equivalents 6,857 (11,276)
Cash and cash equivalents at beginning of year 7,350 16,053
Cash and cash equivalents at end of period 14,207 4,777
Supplementary schedule of non-cash financing activities:    
Deferred transaction costs, accrued but not paid $ 1,673 $ 0