Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Cash Flows

v3.22.4
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 12 Months Ended
Oct. 31, 2022
Oct. 31, 2021
Reconciliation of net loss to net cash used in operating activities:    
Net loss $ (13,771) $ (13,128)
Stock option compensation to employees and directors 6,000 7,503
Stock options and warrants issued to consultants 655 555
Common stock issued to consultants 97
Gain on disposal of property and equipment (6)
Amortization of operating lease right-of-use asset 42 60
Change in operating assets and liabilities:    
Prepaid expenses and other current assets (237) 36
Accounts payable 129 (96)
Accrued expenses 631 193
Operating lease liability (38) (55)
Net cash used in operating activities (6,492) (4,938)
Cash flows from investing activities:    
Disbursements to acquire short-term investments (22,486) (16,498)
Proceeds from maturities of short-term investments 11,758 12,539
Proceeds from sale of equipment 35
Proceeds received on sale of common stock by ZQX Advisors, LLC 7
Net cash used in investing activities (10,728) (3,917)
Cash flows from financing activities:    
Proceeds from sale of common stock in a public offering, net of expenses 20,292
Proceeds from sale of common stock in an at-the-market offering, net of expenses 10,834
Proceeds from sale of common stock pursuant to employee stock purchase plan 13 6
Proceeds from exercise of stock options and warrants 439 434
Net cash provided by financing activities 452 31,566
Net (decrease) increase in cash and cash equivalents (16,768) 22,711
Cash and cash equivalents at beginning of year 29,128 6,417
Cash and cash equivalents at end of year 12,360 29,128
Supplemental cash flow information:    
Cash proceeds from interest income 23 2
Supplemental disclosure of non-cash investing activity:    
Operating lease right-of-use asset (259)
Supplemental disclosure of non-cash financing activities:    
Operating lease liability 259
Fair value of warrants issued in connection with public offering $ 1,041