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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
Operating activities:      
Net income (loss) $ (22,997) $ (15,752) $ 13,018
Items not involving cash:      
Depreciation and amortization 864 1,038 738
Stock-based compensation 2,161 3,729 760
Deferred tenant inducements (63) (63) (66)
Unrealized foreign exchange (gain) loss (1,300) 6,902 72
Changes in operating assets and liabilities:      
Accounts receivable 121 (107) 209
Prepaid expenses, and other current assets 571 (1,214) (573)
Prepaid expenses, long term 686 (1,094)  
Accounts payable and accrued expenses 547 80 518
Deferred revenue (157) (11,622) (14,410)
Net cash provided by (used in) operating activities (19,567) (18,103) 266
Investing activities:      
Purchases of property, plant and equipment (279) (551) (1,529)
Purchase of marketable securities (47,563)   (15,254)
Proceeds from marketable securities   10,745 13,539
Net cash provided by (used in) investing activities (47,842) 10,194 (3,244)
Financing activities:      
Deferred financing fees     (1,533)
Issuance of common shares pursuant to exercise of stock options 132 278 13
Issuance of common shares, net of issuance costs (note 7a) 23,832   42,644
Net cash provided by financing activities 23,964 278 41,124
Effect of exchange rate changes on cash and cash equivalents 1,889 (5,744) (4,070)
Increase (decrease) in cash and cash equivalents (41,556) (13,375) 34,076
Cash and cash equivalents, beginning of year 58,651 72,026 37,950
Cash and cash equivalents, end of year 17,095 58,651 72,026
Supplemental disclosures:      
Interest received 341 659 574
Supplemental disclosures of non-cash transactions:      
Issuance of common shares on conversion of subscription rights     124
Financing fees included in accounts payable and accrued liabilities     39
Fair value of options exercised on a cashless basis $ 404 $ 744  
Conversion of convertible preferred shares into common shares     $ 102,488