v3.24.3
Condensed Consolidated Interim Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 5 Months Ended 9 Months Ended 12 Months Ended
Sep. 30, 2024
Sep. 30, 2023
May 30, 2024
Sep. 30, 2024
Sep. 30, 2023
Dec. 31, 2023
Cash flows used in operating activities:            
Net loss $ (6,953) $ (11,447)   $ (23,845) $ (39,252)  
Items not involving cash:            
Stock-based compensation (13) 599   1,003 3,242  
Depreciation and amortization 4 20   28 70  
Loss on disposal of property and equipment 0 0   76 0  
Amortization of right-of-use assets 92 91   279 286  
Interest on lease liabilities 15 23   52 73  
Unrealized (gain)/loss on short-term investment 0 (1)   0 (3)  
Accrued interest on investments 0 (44)   0 (56)  
Changes in non-cash operating assets and liabilities:            
Prepaid expenses 324 29   1,130 646  
Other current assets (768) (44)   (761) (4)  
Operating lease liabilities (112) (117)   (346) (290)  
Accounts payable to related parties 0 0   (2,554) 0  
Accounts payable (5,281) (690)   (1,662) (3,515)  
Accrued liabilities 2,316 1,045   (1,317) 3,472  
Cash used in operating activities (10,376) (10,536)   (27,917) (35,331)  
Cash flows from financing activities:            
Procceds from loan payable to related parties 10,000 0   10,000 0  
Issuances of common shares and warrants under the Registered Direct Offering 0 0   4,140 0  
Issuance of common shares and warrants under the S-1 Filing 0 0   8,127 0  
Shares issuances to Hanmi under subscription agreement 0 3,000   3,702 3,000  
Cost of offering 0 (5)   (177) (10)  
Issuance of common shares under the ESPP plan 8 13   26 29  
Cash from financing activities 10,008 4,902   26,609 6,056  
Cash flows from/(used in) investing activities:            
Disposal/(purchase) of property and equipment, net 0 0   18 (29)  
Maturity /(acquisition) of investments, net 0 12,953   0 8,051  
Cash from/(used in) investing activities 0 12,953   18 8,022  
Effect of exchange rate fluctuations on cash and cash equivalents 0 1   0 3  
Increase/(decrease) in cash and cash equivalents (368) 7,320   (1,290) (21,250)  
Cash and cash equivalents, beginning of period 8,330 8,400 $ 9,252 9,252 36,970 $ 36,970
Cash and cash equivalents, end of period 7,962 15,720   7,962 15,720 $ 9,252
The 2023 CMPO [Member]            
Cash flows from financing activities:            
Issuance of common shares 0 1,150   694 1,150  
Share subscription advance under the 2023 CMPO 0 50   0 50  
The 2022 ATM Offering [Member]            
Cash flows from financing activities:            
Issuance of common shares $ 0 $ 694 $ 97 $ 97 $ 1,837  

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