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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2024
Dec. 31, 2023
Current assets    
Cash and cash equivalents $ 25,314 $ 13,760
Short-term investments 44,381 52,243
Research and development tax credits receivable 901 643
Prepaid expenses 1,840 3,178
Other receivables 1,490 3,208
Total current assets 73,926 73,032
Operating lease right-of-use assets 1,376 1,917
Property and equipment 197 277
Total assets 75,499 75,226
Current liabilities    
Accounts payable and accrued liabilities 7,555 6,680
Operating lease liabilities 571 546
Total current liabilities 8,126 7,226
Operating lease liabilities, net of current portion 874 1,457
Senior secured convertible notes 53,352 49,772
Total liabilities 62,352 58,455
Shareholders' Equity    
Common shares, no par value, unlimited shares authorized 53,269,565 shares issued and outstanding as of June 30, 2024, 33,483,111 shares issued and outstanding as of December 31, 2023 288,048 260,504
Pre-funded warrants - 12,910,590 issued and outstanding as of June 30, 2024 and 9,577,257 as of December 31, 2023 53,076 48,459
Additional paid-in capital 39,568 33,834
Accumulated deficit (367,545) (326,026)
Total shareholders' equity 13,147 16,771
Total liabilities and shareholders' equity $ 75,499 $ 75,226