Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Interim Statements of Cash Flows (Unaudited)

v3.23.1
Condensed Consolidated Interim Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
 3 Months Ended 4 Months Ended 12 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Mar. 31, 2023
Dec. 31, 2022
Cash flows used in operating activities:        
Net loss $ (13,676) $ (11,481)    
Items not involving cash:        
Stock-based compensation 1,874 2,514    
Depreciation and amortization 28 32    
Loss on disposal of property and equipment 0 4    
Amortization of right-of-use assets 103 114    
Interest on lease liabilities 25 7    
Unrealized foreign exchange loss (4) (2)    
Accrued interest on investments (5) (11)    
Changes in non-cash operating assets and liabilities:        
Prepaid expenses 256 214    
Other current assets 95 32    
Operating lease liabilities (128) (143)    
Accounts payable (807) (555)    
Accrued liabilities 937 (370)    
Cash used in operating activities (11,302) (9,645)    
Cash flows from financing activities:        
Issuance of common shares under ESPP plan 16 0    
Issuance of common shares upon exercise of stock options 0 15    
Cash from financing activities 50 15    
Cash flows from/(used in) investing activities:        
Maturity (acquisition) of investments, net (2,960) 7,505    
Cash from/(used in) investing activities (2,960) 7,505    
Effect of exchange rate fluctuations on cash and cash equivalents 4 2    
Decrease in cash and cash equivalents (14,208) (2,123)    
Cash and cash equivalents, beginning of period 36,970 39,114   $ 39,114
Cash and cash equivalents, end of period 22,762 36,991 $ 22,762 36,970
The 2022 ATM Offering [Member]        
Cash flows from financing activities:        
Issuance of common shares under 2022 ATM Facility $ 34 $ 0 $ 85 $ 51