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 12 Months Ended 16 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Dec. 31, 2023
Mar. 31, 2024
Cash flows used in operating activities:        
Net loss $ (9,640) $ (13,676)    
Items not involving cash:        
Stock-based compensation 809 1,874    
Depreciation and amortization 16 28    
Loss on disposal of property and equipment 10 0    
Amortization of right-of-use assets 93 103    
Interest on lease liabilities 19 25    
Unrealized (gain)/loss on short-term investment (1) (4)    
Accrued interest on investments 9 (5)    
Changes in non-cash operating assets and liabilities:        
Prepaid expenses 246 256    
Other current assets (74) 95    
Operating lease liabilities (115) (128)    
Accounts payable to related parties (2,554) 0    
Accounts payable (1,071) (807)    
Accrued liabilities 490 937    
Cash used in operating activities (11,763) (11,302)    
Cash flows from financing activities:        
Issuance of common shares under the S-1 Filing 8,127 0    
Shares issuances to Hanmi under subscription agreement 3,702 0    
Issuance of common shares under the ESPP plan 18 16    
Cash from financing activities 11,847 50    
Cash flows from/(used in) investing activities:        
Disposal of property and equipment, net of purchases 1 0    
Maturity (acquisition) of investments, net (1,992) (2,960)    
Cash used in investing activities (1,991) (2,960)    
Effect of exchange rate fluctuations on cash and cash equivalents 1 4    
Decrease in cash and cash equivalents (1,906) (14,208)    
Cash and cash equivalents, beginning of period 9,252 36,970 $ 36,970  
Cash and cash equivalents, end of period 7,346 22,762 $ 9,252 $ 7,346
The 2022 ATM Offering [Member]        
Cash flows from financing activities:        
Issuance of common shares $ 0 $ 34   $ 1,900