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 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Cash flows used in operating activities:        
Net loss $ (9,777) $ (11,333) $ (31,823) $ (41,030)
Items not involving cash:        
Stock-based compensation 1,053 1,828 4,346 10,635
Depreciation and amortization 30 36 92 106
Loss on disposal of property and equipment 0 0 4 0
Amortization of right-of-use assets 111 119 336 353
Interest on lease liabilities 4 10 17 35
Unrealized foreign exchange gain/(loss) 7 4 10 (1)
Accrued interest on investments 78 (3) 85 (5)
Changes in non-cash operating assets and liabilities:        
Prepaid expenses 825 788 1,638 1,520
Other assets (225) 10 (213) (2)
Operating lease liabilities (134) (139) (411) (416)
Accounts payable 23 (1,284) 717 (541)
Accrued liabilities 1,026 1,905 1,531 2,086
Cash used in operating activities (6,979) (8,059) (23,671) (27,260)
Cash flows from financing activities:        
Issuance of common shares under 2020 ATM Facility 21 0 50 0
Issuance of common shares upon exercise of stock options 0 0 15 160
Cash from financing activities 21 0 65 160
Cash flows from/(used in) investing activities:        
Maturity (acquisition) of investments, net (5,078) (4) 12,517 (15,000)
Purchase of property and equipment 0 (181) (24) (198)
Cash from/(used in) investing activities (5,078) (185) 12,493 (15,198)
Effect of exchange rate fluctuations on cash and cash equivalents (7) (4) (10) 0
Decrease in cash and cash equivalents (12,043) (8,248) (11,123) (42,298)
Cash and cash equivalents, beginning of period 40,034 83,343 39,114 117,393
Cash and cash equivalents, end of period $ 27,991 $ 75,095 $ 27,991 $ 75,095