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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 12 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Dec. 31, 2019
Operating activities:      
Net loss $ (7,484) $ (11,341)  
Items not involving cash:      
Depreciation 104 79  
Amortization of discount on term loan 137 125  
Deferred income tax expense 52 33  
Stock-based compensation 1,015 491  
Unrealized foreign exchange (gain) loss 522 (23)  
Unrealized gain on marketable securities (281) (29)  
Changes in operating assets and liabilities:      
Accounts receivable (824) 20  
Prepaid expenses and other current assets 113 389  
Accounts payable and accrued expenses (577) 1,560  
Deferred revenue (5,844)    
Net cash used in operating activities (13,067) (8,696)  
Investing activities:      
Purchases of property, plant and equipment (647) (335)  
Purchases of marketable securities (107,482) (34,325)  
Proceeds from marketable securities 55,204 27,657  
Net cash used in investing activities (52,925) (7,003)  
Financing activities:      
Issuance of common shares, net of issuance costs (note 10a) 102,456    
Issuance of common shares pursuant to exercise of stock options 14 58  
Net cash provided by financing activities 102,470 58  
Effect of exchange rate changes on cash and cash equivalents (725) 67  
Increase (decrease) in cash and cash equivalents 35,753 (15,574)  
Cash and cash equivalents, beginning of period 24,755 67,754 $ 67,754
Cash and cash equivalents, end of period 60,508 52,180 $ 24,755
Supplemental disclosures:      
Interest paid 206 230  
Interest received 1,172 709  
Cash paid for operating lease 159 158  
Supplemental disclosures of non-cash transactions:      
Fair value of stock options exercised on a cashless basis $ 583 $ 7