Quarterly report [Sections 13 or 15(d)]

Condensed Consolidated Interim Statements of Cash Flows (Unaudited)

v3.25.2
Condensed Consolidated Interim Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Cash flows used in operating activities:    
Net loss for the period $ (12,586) $ (16,892)
Items not involving cash:    
Stock-based compensation 391 1,016
Depreciation of property and equipment 7 24
Loss on disposal of property and equipment 0 76
Amortization of right-of-use assets 194 187
Interest on lease liabilities 21 37
Interest on loan payable to related parties 276 0
Change in non-cash operating assets and liabilities:    
Prepaid expenses 396 806
Other assets (1,470) 7
Operating lease payments (229) (234)
Accounts payable, related party 0 (2,554)
Accounts payable 1,621 3,619
Accrued liabilities 2,641 (3,633)
Cash used in operating activities (8,738) (17,541)
Cash flows from financing activities:    
Proceeds from loans payable with related parties 2,600 0
Repayment of loan with related party (100)  
Cost of offering   (177)
Cash provided by financing activities 3,329 16,601
Cash flows provided by investing activities:    
Disposal of property and equipment 0 18
Cash provided by investing activities 0 18
Decrease in cash, cash equivalents and restricted cash equivalents (5,409) (922)
Cash, cash equivalents, and restricted cash, beginning of period 6,707 9,252
Cash, cash equivalents, and restricted cash, end of period 1,298 8,330
Supplemental disclosures of non-cash financing activities:    
Conversion of loan payable with related party to common shares 1,538 0
2023 Committed Equity Facility [Member]    
Cash flows from financing activities:    
Proceeds from issuance of common stock 0 694
The 2022 ATM Offering [Member]    
Cash flows from financing activities:    
Proceeds from issuance of common stock 0 97
Registered Direct Offering [Member]    
Cash flows from financing activities:    
Issuance of common shares and warrants 0 4,140
January 2024 Public Offering [Member]    
Cash flows from financing activities:    
Issuance of common shares and warrants 0 8,127
Hanmi Private Placement [Member]    
Cash flows from financing activities:    
Issuance of common shares and warrants 0 3,702
The 2025 ATM Offering [Member]    
Cash flows from financing activities:    
Proceeds from issuance of common stock 828 0
ESPP [Member]    
Cash flows from financing activities:    
Proceeds from issuance of common stock $ 1 $ 18