Quarterly report [Sections 13 or 15(d)]

Condensed Consolidated Interim Statements of Cash Flows (Unaudited)

v3.26.1
Condensed Consolidated Interim Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Cash flows from operating activities:    
Net Income (Loss) $ (7,634) $ (5,543)
Adjustments to reconcile net loss to cash used in operating activities:    
Stock-based compensation 129 326
Depreciation of property and equipment 2 3
Noncash operating lease expense 104 96
Interest on lease liabilities 3 13
Interest on loan payable to related party 433 145
Unrealized gain on short-term investment 0 (2)
Change in operating assets and liabilities:    
Prepaid expenses 364 301
Other assets (1,172) 296
Change in operating lease liability (116) (113)
Accounts payable 899 1,132
Accrued liabilities 1,147 551
Cash used in operating activities (5,841) (2,795)
Cash flows from investing activities:    
Cash provided by investing activities 0 0
Cash flows from financing activities:    
Proceeds from loan payable with related party 5,850 0
Cash provided by financing activities 5,850 829
Effect of exchange rate fluctuations on cash 0 2
Increase (decrease) in cash and restricted cash 9 (1,964)
Cash and restricted cash, beginning of period 4,096 6,707
Cash and restricted cash, end of period 4,105 4,743
Supplemental disclosures of non-cash financing activities:    
Conversion of loan payable with related party to common shares 0 1,538
The 2025 ATM Offering [Member]    
Cash flows from financing activities:    
Issuance of common shares 0 828
ESPP [Member]    
Cash flows from financing activities:    
Issuance of common shares $ 0 $ 1