Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Interim Statements of Cash Flows (Unaudited)

v3.20.1
Condensed Consolidated Interim Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
 3 Months Ended 12 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Mar. 31, 2019
Cash flows from/(used in) operating activities:      
Net loss for the period $ (11,526) $ (5,506)  
Items not involving cash:      
Stock-based compensation 4,401 662  
Depreciation and amortization 41 29  
Amortization of right-of-use assets 115 124  
Interest on lease liabilities 18 24  
Unrealized foreign exchange (gain)/loss (15) (2)  
Accrued interest on investments (60)  
Change in operating working capital:      
Prepaid expenses 139 107  
Other assets 24 6  
Operating lease payments (131) (99)  
Accounts payable 57 (145)  
Accrued liabilities (1,174) (74)  
Cash used in operating activities (8,111) (4,874)  
Cash flows from financing activities:      
Issuance of common shares under exercise of stock options 436  
Cash provided by financing activities 436 6,178  
Cash flows from/(used in) investing activities:      
Acquisition of investments, net (12,411)  
Purchase of property and equipment (16) (24)  
Cash used in investing activities (12,427) (24)  
Effect of exchange rate fluctuations on cash and cash equivalents held 14 2  
Increase (decrease) in cash and cash equivalents (20,088) 1,282  
Cash and cash equivalents, beginning of period 79,842 15,299  
Cash and cash equivalents, end of period 59,754 16,581 $ 16,581
The 2019 Share Purchase Agreement [Member]      
Cash flows from financing activities:      
Issuance of common shares 6,000  
The 2018 ATM Offering [Member]      
Cash flows from financing activities:      
Issuance of common shares $ 178 $ 10,900