XML 21 R5.htm IDEA: XBRL DOCUMENT v3.20.1
Consolidated statements of cash flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Operating activities      
Net loss $ (69,442) $ (31,585) $ (50,183)
Non-cash items and reclassifications:      
Stock-based compensation (Note 8(g)) 7,683 4,698 3,839
Acquired in-process research & development (Note 3) 47,716    
Depreciation and amortization 340 289 360
Unrealized foreign exchange loss and others 263 452 349
Changes in operating assets and liabilities:      
Receivable, prepayments and deposits 290 1,041 (905)
Accounts payable and other liabilities (2,244) (6,472) 1,822
Cash used in operating activities (15,394) (31,577) (44,718)
Investing activities      
Acquisition of Neoleukin Therapeutics, Inc., net of cash acquired 191    
Purchase of investments     (5,995)
Proceeds from maturity of investments   56,000 70,500
Purchase of property and equipment (879) (49) (494)
Cash (used in) provided by investing activities (688) 55,951 64,011
Financing activities      
Public offering of common stock (Note 8(e)) 86,216    
Public offering costs (Note 8(e)) (5,525)    
Proceeds from exercise of stock options 1,555 602 438
Payment on finance lease obligations (9) (32) (15)
Cash provided by financing activities 82,237 570 423
Effect of exchange rate changes on cash and cash equivalents 10 (48) 15
Net change in cash and cash equivalents during the year 66,165 24,896 19,731
Cash and cash equivalents, beginning of year 76,928 52,032 32,301
Cash and cash equivalents, end of year 143,093 76,928 52,032
Supplemental disclosure of cash flow information:      
Interest paid 1 4 4
Interest received 1,544 $ 1,684 1,342
Non-cash investing and financing activities:      
Receivables, prepayments and deposits acquired through the issuance of common stock 560    
Property, equipment and intangibles acquired through the issuance of common stock 1,693    
Accounts payable, finance lease and other liabilities assumed through the issuance of common stock $ (1,673)    
Accrued purchase of property & equipment     (77)
Accrued offering costs     $ (30)