XML 79 R6.htm IDEA: XBRL DOCUMENT v3.24.1
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Operating activities:    
Net loss $ (3,754) $ (3,928)
Adjustments to reconcile net loss to net cash used in operating activities:    
Unrealized (gain) loss on marketable equity securities (83) 94
Unrealized (gain) loss on short-term investments (56) 108
Loss on sale of marketable equity securities 0 201
Gain (loss) on derivative instruments (31) 4
Stock-based compensation expense 247 338
Depreciation 25 29
Amortization of right of use lease asset 41 40
Changes in operating assets and liabilities:    
Current assets 20 265
Current liabilities 328 (51)
Net cash used in operating activities (3,263) (2,900)
Investing activities:    
(Purchase) sale of short-term investments - net (4,429) 1,028
Additions to mineral property 0 (340)
Sale of marketable equity securities 0 63
Sale of derivative instruments - net 31 0
Additions to other assets (11) (50)
Net cash (used by) provided by investing activities (4,409) 701
Financing activities:    
Issuance of common stock from private placements - net of issuance costs 7,097 2,023
Issuance of common stock upon exercise of stock options 459 30
Net cash provided by financing activities 7,556 2,053
Net decrease in cash and cash equivalents (116) (146)
Cash and cash equivalents, beginning of year 316 462
Cash and cash equivalents, end of year 200 316
Non-cash financing and investing activities:    
Issuance of shares of common stock for services 255 0
Recognition of operating lease liability and right of use asset $ 87 $ 0