Annual report [Section 13 and 15(d), not S-K Item 405]

Consolidated Statements of Financial Position

v3.26.1
Consolidated Statements of Financial Position - USD ($)
$ in Thousands
Dec. 31, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 935 $ 6,152
Restricted cash and restricted cash equivalents 3,161 555
Prepaid expenses 2,209 2,253
Other current assets 141 570
Total current assets 6,446 9,530
Non-current assets:    
Property and equipment, net 4 26
Right-of-use assets, operating leases 175 571
Other long-term assets 3,387 0
Total non-current assets 3,566 597
Total assets 10,012 10,127
Current liabilities:    
Accounts payable 2,911 1,258
Accrued liabilities 6,202 2,773
Current portion of lease liability, operating leases 193 428
Total current liabilities 9,306 4,459
Non-current liabilities:    
Lease liability, operating leases 0 193
Loan payable to related party 27,018 10,000
Interest on related party loan payable 855 18
Total non-current liabilities 27,873 10,211
Total liabilities 37,179 14,670
Shareholders' deficit:    
Common shares, no par value, unlimited authorized shares, 2,552,429 and 2,006,028 shares issued and outstanding as of December 31, 2025 and December 31, 2024, respectively 459,771 457,404
Additional paid-in capital 83,813 83,336
Accumulated other comprehensive loss (4,316) (4,316)
Accumulated deficit (566,435) (540,967)
Total shareholders' deficit (27,167) (4,543)
Total liabilities and shareholders' deficit $ 10,012 $ 10,127