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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Operating activities    
Net loss for the period $ (36,940) $ (13,469)
Adjustments to reconcile net loss to net cash used in operating activities:    
Amortization of property and equipment 14 8
Share-based compensation expense (note 5) 837 289
Changes in operating assets and liabilities:    
Other receivables (110) (14)
Research and development tax credits receivable (166) 200
Prepaid expenses (2,119) (1,369)
Operating lease, net (11)  
Accounts payable and accrued liabilities 4,001 624
Income taxes payable (55) (4)
Net cash used in operating activities (34,549) (13,735)
Investing activities    
Acquisition of property and equipment (312) (5)
Acquisition of short-term investments (35,000) (9,000)
Redemption of short-term investments 5,029 16,018
Net cash (used in) provided by investing activities (30,283) 7,013
Financing activities    
Net proceeds from issuance of common shares in Initial Public Offering (note 5) 85,361  
Issuance of common shares on exercise of share options (note 5) 25 37
Net cash provided by financing activities 85,386 37
Net increase in cash and cash equivalents during the period 20,554 (6,685)
Cash and cash equivalents – Beginning of period 85,947 10,880
Cash and cash equivalents – End of period $ 106,501 $ 4,195