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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Operating activities:      
Net loss $ (30,704) $ (22,997) $ (15,752)
Items not involving cash:      
Depreciation 649 864 1,038
Amortization of discount on term loan 11    
Stock-based compensation 2,236 2,161 3,729
Unrealized foreign exchange (gain) loss (1,474) (1,300) 6,902
Changes in operating assets and liabilities:      
Accounts receivable (232) 121 (107)
Prepaid expenses, and other current assets 613 571 (1,214)
Prepaid expenses, long term 178 686 (1,094)
Accounts payable and accrued expenses (3) 484 17
Deferred revenue   (157) (11,622)
Net cash used in operating activities (28,726) (19,567) (18,103)
Investing activities:      
Purchases of property, plant and equipment (315) (279) (551)
Purchase of marketable securities (28,007) (47,563)  
Proceeds from marketable securities 52,616   10,745
Net cash provided by (used in) investing activities 24,294 (47,842) 10,194
Financing activities:      
Proceeds from issuance of term loan, net of issuance costs (note 8) 6,893    
Issuance of common shares pursuant to exercise of stock options 177 132 278
Issuance of common shares, net of issuance costs (note 9a)   23,832  
Net cash provided by financing activities 7,070 23,964 278
Effect of exchange rate changes on cash and cash equivalents 753 1,889 (5,744)
Increase (decrease) in cash and cash equivalents 3,391 (41,556) (13,375)
Cash and cash equivalents, beginning of year 17,095 58,651 72,026
Cash and cash equivalents, end of year 20,486 17,095 58,651
Supplemental disclosures:      
Interest received 740 341 659
Supplemental disclosures of non-cash transactions:      
Fair value of options exercised on a cashless basis $ 25 $ 404 $ 744