XML 18 R6.htm IDEA: XBRL DOCUMENT v3.21.2
Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Operating activities:    
Net loss $ (37,873) $ (7,659)
Items not involving cash:    
Depreciation 427 271
Amortization of discount on term loan   216
Deferred income tax recovery (21) (52)
Stock-based compensation 4,669 2,487
Unrealized foreign exchange loss 11 23
Unrealized loss (gain) on marketable securities 92 (532)
Loss on repayment of term loan (note 8)   988
Changes in operating assets and liabilities:    
Accounts receivable (608) (1,009)
Prepaid expenses and other current assets (349) 225
Accounts payable and accrued expenses 484 (1,054)
Deferred revenue (617) (17,760)
Net cash used in operating activities (33,785) (23,856)
Investing activities:    
Purchases of property, plant and equipment (1,313) (1,016)
Purchases of marketable securities (122,279) (146,773)
Proceeds from marketable securities 76,680 105,798
Net cash used in investing activities (46,912) (41,991)
Financing activities:    
Repayment of term loan and repayment fees (note 8)   (16,743)
Proceeds from issuance of common shares and pre-funded warrants, net of issuance costs (note 9a) 118,615 102,456
Issuance of common shares pursuant to exercise of stock options 217 37
Net cash provided by financing activities 118,832 85,750
Effect of exchange rate changes on cash and cash equivalents (214) (459)
Increase in cash and cash equivalents 37,921 19,444
Cash and cash equivalents, beginning of period 45,009 24,755
Cash and cash equivalents, end of period 82,930 44,199
Supplemental disclosures:    
Interest paid   339
Interest received 1,537 2,191
Cash paid for operating lease 412 311
Supplemental disclosures of non-cash transactions:    
Fair value of stock options exercised on a cashless basis 1,324 $ 876
Increase in operating lease liability and accounts receivable related to lease incentives claimed in the period $ 493