v3.20.2
Condensed Consolidated Interim Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended 15 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2019
Cash flows from/(used in) operating activities:          
Net loss for the period $ (15,750) $ (6,218) $ (27,276) $ (11,724)  
Items not involving cash:          
Stock-based compensation 7,701 568 12,102 1,230  
Shares issued to Aspire Capital as commitment fees 360 360  
Depreciation and amortization 37 53 78 82  
Amortization of right-of-use assets 115 107 229 231  
Interest on lease liabilities 19 23 37 47  
Unrealized foreign exchange (loss)/gain 3 (1) 10 (3)  
Accrued interest on investments 88 (19) 28 (19)  
Change in non-cash operating working capital:          
Prepaid expenses (137) (183) 2 (76)  
Other current assets (73) 24 (67)  
Operating lease payments (134) (120) (265) (219)  
Account payable (114) 70 (57) (75)  
Accrued liabilities 1,008 164 (166) 90  
Cash used in operating activities (7,164) (5,269) (15,254) (10,143)  
Cash flows from/(used in) financing activities:          
Cost of offerings (142) (142)  
Issuance of common shares upon exercise of stock options 46 19 482 19  
Cash provided by financing activities 46 23,613 482 29,791  
Cash flows from/(used in) investing activities:          
Maturity (acquisition) of investments, net 1,516 (8,000) (10,895) (8,000)  
Purchase of property and equipment (37) (26) (53) (50)  
Cash provided by (used in) investing activities 1,479 (8,026) (10,948) (8,050)  
Effect of exchange rate fluctuations on cash and cash equivalents held (3) (1) (10) 1  
Increase/decrease in cash and cash equivalents (5,642) 10,317 (25,730) 11,599  
Cash and cash equivalents, beginning of period 59,754 16,581 79,842 15,299  
Cash and cash equivalents, end of period 54,112 26,898 54,112 26,898 $ 26,898
Public Offering [Member]          
Cash flows from/(used in) financing activities:          
Issuance of common shares 19,736 19,736  
The 2018 Purchase Agreement [Member]          
Cash flows from/(used in) financing activities:          
Issuance of common shares 4,000 10,000  
The 2018 ATM Offering [Member]          
Cash flows from/(used in) financing activities:          
Issuance of common shares $ 178 $ 10,900

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