Quarterly report [Sections 13 or 15(d)]

Condensed Consolidated Interim Statements of Cash Flows (Unaudited)

v3.25.3
Condensed Consolidated Interim Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Cash flows used in operating activities:    
Net loss for the period $ (17,709) $ (23,845)
Items not involving cash:    
Stock-based compensation 435 1,003
Depreciation of property and equipment 18 28
Loss on disposal of property and equipment 0 76
Amortization of right-of-use assets 294 279
Interest on lease liabilities 29 52
Interest on loan payable to related parties 496 0
Change in non-cash operating assets and liabilities:    
Prepaid expenses 240 1,130
Other assets (1,836) (761)
Operating lease payments (345) (346)
Related party payable 0 (2,554)
Accounts payable 198 (1,662)
Accrued liabilities 2,031 (1,317)
Cash used in operating activities (16,149) (27,917)
Cash flows provided by financing activities:    
Proceeds from loans payable with related parties 10,350 10,000
Repayment of loan with related party (100)  
Cost of offering   (177)
Cash provided by financing activities 11,079 26,609
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 and restricted cash equivalents (5,070) (1,290)
Cash, cash equivalents, and restricted cash and restricted cash equivalents, beginning of period 6,707 9,252
Cash, cash equivalents, and restricted cash and restricted cash equivalents, end of period 1,637 7,962
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 provided by financing activities:    
Proceeds from issuance of common stock 0 694
The 2022 ATM Offering [Member]    
Cash flows provided by financing activities:    
Proceeds from issuance of common stock 0 97
Registered Direct Offering [Member]    
Cash flows provided by financing activities:    
Issuance of common shares and warrants 0 4,140
January 2024 Public Offering [Member]    
Cash flows provided by financing activities:    
Issuance of common shares and warrants 0 8,127
Hanmi Private Placement [Member]    
Cash flows provided by financing activities:    
Issuance of common shares and warrants 0 3,702
The 2025 ATM Offering [Member]    
Cash flows provided by financing activities:    
Proceeds from issuance of common stock 828 0
ESPP [Member]    
Cash flows provided by financing activities:    
Proceeds from issuance of common stock $ 1 $ 26