Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Interim Statements of Cash Flows (Unaudited)

v3.21.2
Condensed Consolidated Interim Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Jun. 30, 2021
Jun. 30, 2020
Cash flows from (used in) operating activities:        
Net loss for the period $ (13,470) $ (15,750) $ (29,697) $ (27,276)
Items not involving cash:        
Stock-based compensation 2,164 7,701 8,807 12,102
Depreciation and amortization 35 37 70 78
Amortization of right-of-use assets 117 115 234 229
Interest on lease liabilities 12 19 25 37
Unrealized foreign exchange (loss)/gain (2) 3 (5) 10
Accrued interest on investments 2 88 (2) 28
Change in non-cash operating working capital:        
Prepaid expenses 124 (137) 732 2
Other assets (25) 0 (12) 24
Operating lease payments (140) (134) (277) (265)
Account payable 1,306 (114) 743 (57)
Accrued liabilities 1,052 1,008 181 (166)
Cash used in operating activities (8,825) (7,164) (19,201) (15,254)
Cash flows from (used in) financing activities:        
Issuance of common shares upon exercise of stock options 85 46 160 482
Cash provided by financing activities 85 46 160 482
Cash flows from (used in) investing activities:        
Maturity (acquisition) of investments, net 4,999 1,516 (14,996) (10,895)
Purchase of property and equipment 0 (37) (17) (53)
Cash provided by (used in) investing activities 4,999 1,479 (15,013) (10,948)
Effect of exchange rate fluctuations on cash and cash equivalents held 1 (3) 4 (10)
Decrease in cash and cash equivalents (3,740) (5,642) (34,050) (25,730)
Cash and cash equivalents, beginning of period 87,083 59,754 117,393 79,842
Cash and cash equivalents, end of period $ 83,343 $ 54,112 $ 83,343 $ 54,112