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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss for the period $ (1,433) $ (1,764)
Adjustments to reconcile loss for the period to net cash and cash equivalents used in operations:    
Depreciation 5 14
Unrealized (gain)/loss on derivatives (19) (285)
Recognized deferred income on the sale of intellectual property (650) (257)
Stock-based compensation 68 104
Total adjustments (2,029) (2,188)
Changes in working capital:    
Prepaid expenses and other (3) 4
Accounts payable and accrued liabilities 97 347
Net cash and cash equivalents used in operating activities (1,935) (1,837)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Net cash and cash equivalents provided by investing activities 0 0
CASH FLOWS FROM FINANCING ACTIVITIES:    
Stock option exercise 36 0
Financing transaction, net (Note 6) 5,040 0
Net cash and cash equivalents provided by financing activities 5,076 0
Increase/(decrease) in cash and cash equivalents 3,141 (1,837)
Cash and cash equivalents - beginning of the period 2,523 4,360
Cash and cash equivalents - end of the period $ 5,664 $ 2,523