Statements of Cash Flows - USD ($)
$ in Thousands |
12 Months Ended |
Dec. 31, 2019 |
Dec. 31, 2018 |
| CASH FLOWS FROM OPERATING ACTIVITIES |
|
|
| Net Loss |
$ (13,300)
|
$ (12,897)
|
| Adjustments to reconcile net loss to net cash used in operating activities: |
|
|
| Depreciation and amortization |
44
|
33
|
| ROU asset amortization |
134
|
0
|
| Stock-based compensation |
2,929
|
2,425
|
| Loss on disposal of assets |
0
|
1
|
| Changes in operating assets and liabilities: |
|
|
| Accounts receivable |
185
|
(75)
|
| Prepaid expenses and other current assets |
25
|
78
|
| Accounts payable |
(33)
|
150
|
| Accrued expenses |
(75)
|
(15)
|
| Accrued payroll expenses |
(165)
|
472
|
| Lease liability |
(134)
|
0
|
| Deferred revenue |
(18)
|
55
|
| Net cash used in operating activities |
(10,408)
|
(9,773)
|
| CASH FLOWS FROM INVESTING ACTIVITIES |
|
|
| Acquisition of property and equipment |
(51)
|
(23)
|
| Net cash used in investing activities |
(51)
|
(23)
|
| CASH FLOWS FROM FINANCING ACTIVITIES |
|
|
| Proceeds from registered direct offering of common stock, net |
6,397
|
0
|
| Proceeds from public offering, net |
0
|
11,360
|
| Net cash provided by financing activities |
6,397
|
11,360
|
| Net increase/(decrease) in cash and cash equivalents |
(4,062)
|
1,564
|
| Cash and cash equivalents at beginning of year |
18,933
|
17,369
|
| Cash and cash equivalents at end of year |
14,871
|
18,933
|
| Supplemental Information: |
|
|
| Cash paid for interest |
0
|
0
|
| Cash paid for taxes |
$ 0
|
$ 0
|