v3.22.2.2
Condensed Consolidated Statements of Cash Flows (unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Cash flows from operating activities:    
Net loss $ (6,605) $ (9,153)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 271 262
Stock-based compensation 1,125 1,233
Non-cash lease expense 23 (16)
Gain from bargain purchase (6,877)  
PPP loan forgiveness (637)
Changes in operating assets and liabilities:    
Prepaid expenses and other assets (792) 34
Accounts payable (1,163) (1)
Accrued compensation expenses 102
Accrued expenses 332 286
Net cash used in operating activities (13,584) (7,992)
Cash flows from investing activities:    
Purchase of intangibles (48)
Purchases of property and equipment (249) (316)
Net cash used in investing activities (297) (316)
Cash flows from financing activities:    
Cash acquired in merger for stock consideration 55,374
Proceeds from SAFE note 8,000
Net proceeds from sale of common stock and exercise of warrants 16 7,403
Net cash provided by financing activities 63,390 7,403
Effect of exchange rate changes on cash and cash equivalents (3)
Cash and cash equivalents:    
Net increase (decrease) 49,506 (905)
Balance at beginning of period 2,178 2,081
Balance at end of period 51,684 1,176
Non-cash investing and financing activities:    
Cancellation of SAFE indebtedness in merger 8,000
Net liabilities acquired in merger for stock consideration $ (2,112)

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