v3.22.1
Condensed Consolidated Interim Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Cash flows from (used in) operating activities:    
Net loss for the period $ (11,481) $ (16,227)
Items not involving cash:    
Stock-based compensation 2,514 6,643
Depreciation and amortization 32 35
Amortization of right-of-use assets 114 117
Interest on lease liabilities 7 13
Loss on disposal of property and equipment 4 0
Unrealized foreign exchange gain (2) (3)
Accrued interest on investments (11) (4)
Change in operating working capital:    
Prepaid expenses 214 608
Other assets 32 13
Operating lease payments (143) (137)
Accounts payable (555) (563)
Accrued liabilities (370) (871)
Cash used in operating activities (9,645) (10,376)
Cash flows from financing activities:    
Issuance of common shares pursuant to exercise of stock options 15 75
Cash provided by financing activities 15 75
Cash flows from (used in) investing activities:    
Disposal (acquisition) of investments, net 7,505 (19,995)
Purchase of property and equipment 0 (17)
Cash from (used in) investing activities 7,505 (20,012)
Effect of exchange rate fluctuations on cash and cash equivalents held 2 3
Decrease in cash and cash equivalents (2,123) (30,310)
Cash and cash equivalents, beginning of period 39,114 117,393
Cash and cash equivalents, end of period $ 36,991 $ 87,083

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