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Consolidated statements of cash flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Operating activities      
Net loss $ (50,183) $ (37,002) $ (21,860)
Non-cash items and reclassifications:      
Change in fair value of derivative liability (Note 8)   (81) 52
Stock-based compensation (Note 7(e)) 3,839 1,966 1,506
Unrealized foreign exchange loss and others 709 185 580
Changes in operating assets and liabilities:      
Receivable, prepayments and deposits (905) (109) (96)
Accounts payable and other liabilities 1,822 4,815 (450)
Cash used in operating activities (44,718) (30,226) (20,268)
Investing activities      
Purchase of investments (5,995) (106,442) (60,703)
Proceeds from maturity of investments 70,500 59,097 13,196
Purchase of property and equipment (494) (713) (26)
Cash provided by (used in) investing activities 64,011 (48,058) (47,533)
Financing activities      
Proceeds from exercise of stock options 438 440 1,120
Payment on capital lease obligations (15) (4)  
Public offering of common stock (Note 7(c))   75,368 98,038
Public offering costs (Note 7(c))   (4,692) (6,210)
Cash provided by financing activities 423 71,112 92,948
Effect of exchange rate changes on cash and cash equivalents 15 (53) (527)
Net change in cash and cash equivalents during the year 19,731 (7,225) 24,620
Cash and cash equivalents, beginning of year 32,301 39,526 14,906
Cash and cash equivalents, end of year 52,032 32,301 39,526
Supplemental disclosure of cash flow information:      
Interest paid 4 1  
Interest received 1,342 695 325
Non-cash investing and financing activities:      
Accrued purchase of property & equipment (77) 77  
Accrued offering costs $ (30)   35
Assets acquired through capital leases   65 $ 11
Exercise of warrants on a net settlement basis   $ 43