Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Interim Statements of Cash Flows (Unaudited)

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Condensed Consolidated Interim Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Cash flows used in operating activities:        
Net loss $ (10,565) $ (13,470) $ (22,046) $ (29,697)
Items not involving cash:        
Stock-based compensation 779 2,164 3,293 8,807
Depreciation and amortization 30 35 62 70
Loss on disposal of property and equipment 0 0 4 0
Amortization of right-of-use assets 111 117 225 234
Interest on lease liabilities 6 12 13 25
Unrealized foreign exchange gain/(loss) 5 (2) 3 (5)
Accrued interest on investments 18 2 7 (2)
Change in non-cash operating working capital:        
Prepaid expenses 599 124 813 732
Other assets (20) (25) 12 (12)
Operating lease payments (134) (140) (277) (277)
Account payable 1,249 1,306 694 743
Accrued liabilities 875 1,052 505 181
Cash used in operating activities (7,047) (8,825) (16,692) (19,201)
Cash flows from financing activities:        
Issuance of common shares under 2020 ATM Facility 29 0 29 0
Issuance of common shares upon exercise of stock options 0 85 15 160
Cash provided by financing activities 29 85 44 160
Cash flows from (used in) investing activities:        
Maturity (acquisition) of investments, net 10,090 4,999 17,595 (14,996)
Purchase of property and equipment (24) 0 (24) (17)
Cash provided by (used in) investing activities 10,066 4,999 17,571 (15,013)
Effect of exchange rate fluctuations on cash and cash equivalents held (5) 1 (3) 4
Increase/(decrease) in cash and cash equivalents 3,043 (3,740) 920 (34,050)
Cash and cash equivalents, beginning of period 36,991 87,083 39,114 117,393
Cash and cash equivalents, end of period $ 40,034 $ 83,343 $ 40,034 $ 83,343