Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Interim Statements of Cash Flows (Unaudited)

v3.19.1
Condensed Consolidated Interim Statements of Cash Flows (Unaudited) - USD ($)
 3 Months Ended 10 Months Ended 12 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Mar. 31, 2019
Mar. 31, 2019
Cash flows from operating activities:        
Net loss for the period $ (5,506,000) $ (6,814,000)    
Items not involving cash:        
Stock-based compensation 662,000 2,228,000    
Depreciation and amortization 29,000 16,000    
Amortization of right-of-use assets 124,000    
Interest on lease liabilities 24,000    
Operating lease payments amortized to lease liabilities (99,000)    
Unrealized foreign exchange (gain)/loss (2,000) 26,000    
Change in non-cash operating working capital:        
Prepaid expenses 107,000 73,000    
Other assets 6,000 (23,000)    
Accounts payable (145,000) (227,000)    
Accrued liabilities (74,000) 667,000    
Cash used in operating activities (4,874,000) (4,054,000)    
Cash flows from financing activities:        
Cost of offerings (5,000)    
Cash provided by financing activities 6,178,000 8,855,000    
Cash flows from (used in) investing activities:        
Purchase of property and equipment (24,000) (24,000)    
Cash provided by (used in) investing activities (24,000) (24,000)    
Effect of exchange rate fluctuations on cash and cash equivalents held 2,000    
Increase in cash and cash equivalents 1,282,000 4,777,000    
Cash and cash equivalents, beginning of period 15,299,000 10,631,000    
Cash and cash equivalents, end of period 16,581,000 15,408,000 $ 16,581,000 $ 16,581,000
The 2017 Purchase Agreement [Member]        
Cash flows from financing activities:        
Issuance of common shares 8,860,000    
The 2018 Purchase Agreement [Member]        
Cash flows from financing activities:        
Issuance of common shares 6,000,000 $ 7,900,000  
The 2018 ATM Offering [Member]        
Cash flows from financing activities:        
Issuance of common shares $ 178,000   $ 10,900,000