Quarterly report pursuant to Section 13 or 15(d)

Statements of Mezzanine Equity and Stockholders??? (Deficit) Equity (Unaudited)

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Statements of Mezzanine Equity and Stockholders’ (Deficit) Equity (Unaudited) - USD ($)
$ in Thousands
Series A-1
Preferred Stock
Common Stock
Additional Paid-In Capital
Accumulated Deficit
Total
Balance at Dec. 31, 2021 $ 15 $ 32,408 $ (15,939) $ 16,484
Balance (in Shares) at Dec. 31, 2021 14,996,534      
Net loss (3,537) (3,537)
Issuance of common stock for exercise of options 7 7
Issuance of common stock for exercise of options (in Shares)   23,983      
Stock-based compensation expense 290 290
Balance at Mar. 31, 2022 $ 15 32,705 (19,476) 13,244
Balance (in Shares) at Mar. 31, 2022   15,020,517      
Balance at Dec. 31, 2022 $ 15 33,516 (33,997) (466)
Balance (in Shares) at Dec. 31, 2022 15,231,655      
Net loss (14,575) (14,575)
Issuance of Series A-1 preferred stock, net of issuance costs and allocated fair value of warrant liability $ 25,407
Issuance of Series A-1 preferred stock, net of issuance costs and allocated fair value of warrant liability (in Shares) 30,190        
Deemed dividends on Series A-1 preferred stock $ 192 (192) (192)
Issuance of common stock for exercise of options 7 7
Issuance of common stock for exercise of options (in Shares)   2,181      
Stock-based compensation expense 144 144
Balance at Mar. 31, 2023 $ 25,599 $ 15 $ 33,475 $ (48,572) $ (15,082)
Balance (in Shares) at Mar. 31, 2023 30,190 15,233,836