v3.24.2.u1
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Cash flow from operating activities:    
Net loss $ (4,795) $ (4,075)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation 125 81
Stock-based compensation expense 336 412
Issuance of common stock to vendor 101 55
Right-of-use asset amortization 125 134
Gain/(loss) on foreign currency transactions 279 (962)
Transaction costs allocable to warrants   198
Change in fair value of the warrant liability, net (672) (3)
Change in operating assets and liabilities:    
Accounts receivable 255 30
Research and development tax credit receivable (361) 804
Prepaid expenses and other current assets (368) (64)
Other non-current assets 1  
Accounts payable and accrued expenses 682 718
Lease liabilities (90) (137)
Income tax payable   (23)
Other current liabilities (20) (238)
Net cash used in operating activities (4,402) (3,070)
Cash flows from investing activities:    
Purchases of property, plant and equipment   (6)
Net cash used by investing activities   (6)
Cash flow from financing activities:    
Proceeds from the issuance of preferred stock in private placement   12,386
Proceeds from the issuance of warrants in private placement   1,763
Payment of issuance costs   (1,483)
Proceeds from the exercise of warrants 3  
Net cash provided by financing activities 3 12,666
Effect of exchange rate changes on cash (86) (51)
Net change in cash (4,485) 9,539
Cash, beginning of period 8,836 4,235
Cash, end of period 4,351 13,774
Supplemental disclosure of cash and non-cash investing and financing activities    
Issuance of common shares for consulting services 53 55
Initial classification of fair value of warrants   1,837
Right-of-use asset and lease liability additions $ 55 $ 50

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