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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Operating activities    
Net loss for the period $ (16,343) $ (10,452)
Adjustments to reconcile net loss to net cash used in operating activities:    
Amortization of property and equipment 24 3
Share-based compensation expense (note 4) 981 211
Changes in operating assets and liabilities:    
Other receivables (1) 128
Research and development tax credits receivable (106) 26
Prepaid expenses 280 (4,100)
Operating lease right of use asset, net (87)  
Accounts payable and accrued liabilities (2,827) (571)
Income taxes payable (receivable)   22
Net cash used in operating activities (18,079) (14,733)
Financing activities    
Issuance of common shares on exercise of share options (note 4) 77 25
Net cash provided by financing activities 77 25
Net increase in cash and cash equivalents during the period (18,002) (14,708)
Cash and cash equivalents – Beginning of period 119,818 85,947
Cash and cash equivalents – End of period $ 101,816 $ 71,239