v3.20.2
Condensed Consolidated Interim Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended 18 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2019
Cash flows from/(used in) operating activities:          
Net loss for the period $ (13,249) $ (6,844) $ (40,525) $ (18,568)  
Items not involving cash:          
Stock-based compensation 4,905 504 17,007 1,734  
Shares issued to Aspire Capital as commitment fees 360  
Depreciation and amortization 37 33 115 115  
Amortization of right-of-use assets 116 115 345 346  
Interest on lease liabilities 17 22 54 69  
Unrealized foreign exchange gain 5 9 2  
Accrued interest on investments 9 (58) 22 (77)  
Change in non-cash operating working capital:          
Prepaid expenses (83) 437 (81) 361  
Other current assets 2 59 26 (8)  
Operating lease payments (136) (126) (401) (345)  
Account payable (374) (66) (431) (141)  
Accrued liabilities 486 735 320 825  
Cash used in operating activities (8,270) (5,184) (23,540) (15,327)  
Cash flows from/(used in) financing activities:          
Cost of offerings (142)  
Issuance of common shares upon exercise of stock options 49 17 531 36  
Cash provided by financing activities 58,283 17 58,765 29,808  
Cash flows from/(used in) investing activities:          
Maturity (acquisition) of investments, net (4,398) (1,000) (15,278) (9,000)  
Purchase of property and equipment (42) (53) (92)  
Cash used in investing activities (4,398) (1,042) (15,331) (9,092)  
Effect of exchange rate fluctuations on cash and cash equivalents held (3) (9) (2)  
Increase/decrease in cash and cash equivalents 45,615 (6,212) 19,885 5,387  
Cash and cash equivalents, beginning of period 54,112 26,898 79,842 15,299  
Cash and cash equivalents, end of period 99,727 20,686 99,727 20,686 $ 20,686
Public Offering [Member]          
Cash flows from/(used in) financing activities:          
Issuance of common shares 58,234 58,234 19,736  
The 2018 Purchase Agreement [Member]          
Cash flows from/(used in) financing activities:          
Issuance of common shares 10,000  
The 2018 ATM Offering [Member]          
Cash flows from/(used in) financing activities:          
Issuance of common shares $ 178 $ 10,900

Source