Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Cash Flows

v3.24.1
Consolidated Statements of Cash Flows - USD ($)
 12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Net loss $ (19,381,000) $ (13,676,000)
Share-based compensation 1,683,000 1,502,000
Amortization of premium (discount) on marketable securities (1,223,000) (11,000)
Non-cash lease expense 70,000 64,000
Depreciation 30,000 25,000
Amounts receivable (287,000) 48,000
Prepaid expenses and other assets (160,000) (54,000)
Accounts payable 192,000 225,000
Accrued liabilities 348,000 366,000
Net cash used in operating activities (18,728,000) (11,511,000)
Purchase of marketable securities (69,410,000) (45,684,000)
Maturities of marketable securities 51,135,000 57,303,000
Purchase of property and equipment (24,000) (81,000)
Net cash provided by (used in) investing activities (18,299,000) 11,538,000
Proceeds from issuance of common shares, net of offering costs 36,848,000 0
Principal payments on finance lease obligations (6,000) (6,000)
Net cash provided by (used in) financing activities 36,842,000 (6,000)
Net increase (decrease) in cash and cash equivalents (185,000) 21,000
Cash and cash equivalents at beginning of period 4,728,000 4,707,000
Cash and cash equivalents at end of period 4,543,000 4,728,000
us-gaap_SupplementalCashFlowInformationAbstract    
Cash paid for income taxes 33,000 27,000
Assets acquired under operating lease $ 0 $ 446,000