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Consolidated Statement of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2019
Jun. 30, 2018
Funds (used) provided - Operating activities        
Net loss $ (2,604) $ (2,401) $ (5,192) $ (4,665)
Depreciation of tangible assets 172 179 343 362
Stock-based compensation 95 73 181 123
Accretion expense 124 94 244 167
DSU expense (98) 232 112 232
Interest payable by issuance of common shares   238   238
Lease expense 3   6  
Total Adjustment (2,308) (1,585) (4,306) (3,543)
Changes in non-cash items related to operations:        
Accounts receivable 208 170 349 138
Prepaid expenses 37 (215) 104 (387)
Investment tax credits receivable (107) (68) (209) (137)
Security deposits   (11)   (11)
Accounts payable and accrued liabilities (134) 199 (635) 239
Net change in non-cash items related to operations 4 75 (391) (158)
Net cash used in operating activities (2,304) (1,510) (4,697) (3,701)
Financing activities        
Repayment of term loans (178) (185) (337) (372)
Proceeds from exercise of warrants and stock options   154 21 549
Net proceeds from private placement   3,004   3,004
Transaction costs of private placement   (82)   (82)
Net cash (used in) provided by financing activities (178) 2,891 (316) 3,099
Investing activities        
Additions to leasehold improvements and equipment (141) (16) (211) (454)
Redemption of short-term investments 1,453 393 5,184 1,908
Acquisition of short-term investments     (1,469)  
Net cash provided by investing activities 1,312 377 3,504 1,454
(Decrease) Increase in cash (1,170) 1,758 (1,509) 852
Effect of foreign exchange on cash 124 (55) 275 (122)
Cash        
Beginning of period 6,627 618 6,815 1,591
End of period $ 5,581 $ 2,321 $ 5,581 $ 2,321