XML 86 R7.htm IDEA: XBRL DOCUMENT v3.25.1
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Cash flows from operating activities:    
Net loss $ (33,971) $ (25,788)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 107 96
Equity-based compensation 3,748 4,354
Amortization of right-of-use assets 159 156
Loss on currency translation from liquidation of subsidiary 195  
Issuance of common stock as commitment shares for equity line financing   318
Changes in operating assets and liabilities:    
Grant receivables (1,405) 2,391
Prepaid expenses and other assets 1,633 1,852
Accounts payable and accrued expenses 1,854 2,440
Deferred grant income and other liabilities (635) (1,687)
Operating lease liabilities (159) (150)
Net cash used in operating activities (28,474) (16,018)
Cash flows from investing activities:    
Payments for property and equipment (4) (147)
Net cash used in investing activities (4) (147)
Cash flows from financing activities:    
Proceeds from the exercise of common stock options 82  
Payment of employee withholding taxes on vested restricted stock units (128)  
Payments on loan payable (739) (811)
Net cash provided by financing activities 23,565 4,521
Effect of exchange rate changes on cash and cash equivalents   4
Net decrease in cash and cash equivalents (4,913) (11,640)
Cash and cash equivalents    
Cash and cash equivalents - beginning of period 29,922 41,562
Cash and cash equivalents - end of period 25,009 29,922
Supplemental disclosures of non-cash financing activities:    
Prepayment of insurance through third-party financing 475 721
At The Market Offering    
Cash flows from financing activities:    
Proceeds from issuance of common stock 12,454 5,127
Follow-on Public Offering    
Cash flows from financing activities:    
Proceeds from issuance of common stock $ 11,896  
Equity Line Financing    
Cash flows from financing activities:    
Proceeds from issuance of common stock   $ 205