v3.24.0.1
STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Cash flows from operating activities:    
Net loss $ (10,538) $ (7,582)
Adjustments to reconcile net loss to net cash used in operating activities:    
Amortization of discount on convertible notes 159 0
Change in carrying value of right-of-use asset 147 179
Stock-based compensation expense 1,398 1,169
Loss on debt extinguishment 2,262 0
Changes in operating assets and liabilities, net:    
Accrued interest on marketable debt securities (197) 0
Prepaid expenses, other current assets, and other assets (2,067) 53
Accounts payable, accrued expenses and other liabilities 1,631 704
Net cash used in operating activities (7,205) (5,477)
Cash flows from investing activities:    
Purchase of marketable debt securities (15,053) 0
Redemption of marketable debt securities 9,030 0
Net cash used in investing activities (6,023) 0
Cash flows from financing activities:    
Proceeds from issuance of convertible note 230 2,250
Proceeds from Initial Public Offering and overallotment 22,425 0
Issuance costs related to Initial Public Offering and overallotment (2,233) 0
Proceeds from exercise of options and warrants 50 0
Net cash provided by financing activities 20,472 2,250
Net increase (decrease) in cash and cash equivalents 7,244 (3,227)
Cash and cash equivalents at beginning of period 8,556 1,312
Cash and cash equivalents at end of period 1,312 4,539
Supplemental disclosure of non-cash financing activities:    
Right-of-use lease asset and operating lease liability 155 0
Conversion of convertible notes and accrued interest into common stock 13 0
Conversion of convertible notes and accrued interest into common stock 4,737 0
Warrants issued in relation to issuance of convertible notes 159 0
Warrants issued to underwriter in connection with stock issuance 1,170 0
Preferred stock deemed dividend $ 1,324 $ 0

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