Quarterly report [Sections 13 or 15(d)]

Condensed Consolidated Interim Statements of Financial Position (Current Period Unaudited)

v3.26.1
Condensed Consolidated Interim Statements of Financial Position (Current Period Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2026
Dec. 31, 2025
Current assets:    
Cash $ 1,020 $ 935
Restricted cash 3,085 3,161
Prepaid expenses 1,845 2,209
Other current assets 205 141
Total current assets 6,155 6,446
Non-current assets:    
Property and equipment, net 2 4
Right-of-use assets, operating leases 71 175
Other long-term assets 4,495 3,387
Total non-current assets 4,568 3,566
Total assets 10,723 10,012
Current liabilities:    
Accounts payable 3,810 2,911
Accrued liabilities 7,349 6,202
Current portion of lease liability, operating leases 80 193
Total current liabilities 11,239 9,306
Non-current liabilities:    
Loan payable to related party 32,870 27,018
Interest on related party loan payable 1,286 855
Total non-current liabilities 34,156 27,873
Total liabilities 45,395 37,179
Shareholders' deficit:    
Common shares, no par value, unlimited authorized shares, 2,552,429 issued and outstanding as of March 31, 2026 and December 31, 2025, respectively 459,771 459,771
Additional paid-in capital 83,942 83,813
Accumulated other comprehensive loss (4,316) (4,316)
Accumulated deficit (574,069) (566,435)
Total shareholders' deficit (34,672) (27,167)
Total liabilities and shareholders' deficit $ 10,723 $ 10,012