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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Operating activities    
Net loss for the year $ (55,229) $ (23,185)
Adjustments to reconcile net loss to net cash used in operating activities:    
Amortization of property and equipment (note 4) 38 10
Share-based compensation expense (note 7) 1,191 633
Changes in operating assets and liabilities:    
Other receivables 119 (271)
Research and development tax credits receivable (288) 137
Prepaid expenses (447) (1,298)
Accounts payable and accrued liabilities 3,520 2,876
Income taxes payable (receivable) (56) 52
Net cash used in operating activities (51,152) (21,046)
Investing activities    
Acquisition of property and equipment (413) (5)
Acquisition of short-term investments (35,000) (3,029)
Redemption of short-term investments 35,029 19,032
Net cash (used in) provided by investing activities (384) 15,998
Financing activities    
Net proceeds from issuance of common shares in Initial Public Offering (note 7) 85,363  
Issuance of common shares on exercise of share options (note 7) 44 461
Net cash provided by financing activities 85,407 80,115
Net increase in cash and cash equivalents during the period 33,871 75,067
Cash and cash equivalents – Beginning of year 85,947 10,880
Cash and cash equivalents – End of year $ 119,818 85,947
Class D1 preferred shares    
Financing activities    
Issuance of preferred shares   64,719
Class D2 preferred shares    
Financing activities    
Issuance of preferred shares   $ 14,935