Quarterly report pursuant to Section 13 or 15(d)

Condensed Statements of Cash Flows (Unaudited)

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Condensed Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
 3 Months Ended
Jun. 30, 2021
Jun. 30, 2020
CASH FLOWS FROM OPERATING ACTIVITIES    
Net loss $ (5,398) $ (10,462)
Adjustments to reconcile net loss to net cash used in operating activities:    
Stock-based compensation 2,339 8,079
Issuance of common stock to consultants 244 282
Depreciation and amortization 66 15
Loss on extinguishment of debt   18
Loss on conversion of notes   22
Amortization of debt discount   1,052
Change in fair value of warrant liability (123)
Changes in operating assets and liabilities:    
Prepaid and other assets 82 6
Account payable 36 (112)
Accrued expenses (107) (190)
Accrued interest   127
Net cash used in operating activities (2,738) (1,286)
CASH FLOWS FROM INVESTING ACTIVITIES    
Purchase of equipment (85)  
Net cash used in investing activities (85)  
CASH FLOWS FROM FINANCING ACTIVITIES    
Proceeds from the exercise of stock options 4  
Repayment of senior secured promissory note   (200)
Proceeds from PPP loan   205
Proceeds from issuance of senior secured convertible notes and common stock warrants   2,050
Common stock repurchased and subsequently canceled   (225)
Net cash provided by financing activities 4 1,830
Net (decrease) increase in cash (2,819) 544
Cash — beginning of period 15,297 48
Cash — end of period 12,478 592
SUPPLEMENTAL DISCLOSURE OF NON-CASH INVESTING AND FINANCING ACTIVITIES:    
Unpaid research and development license included in accounts payable 100
Beneficial conversion feature in connection with notes payable   619
Issuance of common stock in connection with conversion of notes   2,151
Issuance of common stock in connection with notes payable   751
Issuance of common stock in satisfaction of accounts payable   122
SUPPLEMENTAL CASH FLOW INFORMATION    
Cash paid for interest 2 56
Cash paid income taxes