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Consolidated Statements of Shareholders' Equity (Unaudited) - USD ($)
$ in Thousands
Total
Convertible Preferred Shares [Member]
Common Shares [Member]
Additional Paid-in Capital [Member]
Accumulated Deficit [Member]
Accumulated Other Comprehensive Loss [Member]
[1]
Balance at Dec. 31, 2019 $ 91,977 $ 7,732 $ 294,244 $ 40,646 $ (249,655) $ (990)
Balance (in Shares) at Dec. 31, 2019   1,016,000 28,139,228      
Net loss (7,484)       (7,484)  
Issuance of common shares, net of issuance costs (note 9a) 102,456   $ 102,456      
Issuance of common shares, net of issuance costs (note 9a) (in shares)     6,759,187      
Stock-based compensation expense 1,015     1,015    
Issued pursuant to exercise of stock options 14   $ 607 (593)    
Issued pursuant to exercise of of stock options (in Shares)     57,857      
Balance at Mar. 31, 2020 187,978 $ 7,732 $ 397,307 41,068 (257,139) (990)
Balance (in Shares) at Mar. 31, 2020   1,016,000 34,956,272      
Balance at Dec. 31, 2019 91,977 $ 7,732 $ 294,244 40,646 (249,655) (990)
Balance (in Shares) at Dec. 31, 2019   1,016,000 28,139,228      
Net loss $ (16,514)          
Issued pursuant to exercise of of stock options (in Shares) [2] 153,417          
Balance at Sep. 30, 2020 $ 182,023 $ 7,732 $ 397,654 43,796 (266,169) (990)
Balance (in Shares) at Sep. 30, 2020   1,016,000 34,994,946      
Balance at Mar. 31, 2020 187,978 $ 7,732 $ 397,307 41,068 (257,139) (990)
Balance (in Shares) at Mar. 31, 2020   1,016,000 34,956,272      
Net loss (175)       (175)  
Stock-based compensation expense 1,472     1,472    
Issued pursuant to exercise of stock options 23   $ 345 (322)    
Issued pursuant to exercise of of stock options (in Shares)     38,518      
Balance at Jun. 30, 2020 189,298 $ 7,732 $ 397,652 42,218 (257,314) (990)
Balance (in Shares) at Jun. 30, 2020   1,016,000 34,994,790      
Net loss (8,855)       (8,855)  
Stock-based compensation expense $ 1,580     1,580    
Issued pursuant to exercise of stock options     $ 2 (2)    
Issued pursuant to exercise of of stock options (in Shares) 375 [2]   156      
Balance at Sep. 30, 2020 $ 182,023 $ 7,732 $ 397,654 43,796 (266,169) (990)
Balance (in Shares) at Sep. 30, 2020   1,016,000 34,994,946      
Balance at Dec. 31, 2020 171,355 $ 7,732 $ 397,748 45,357 (278,492) (990)
Balance (in Shares) at Dec. 31, 2020   1,016,000 35,012,125      
Net loss (15,764)       (15,764)  
Issuance of common shares, net of issuance costs (note 9a)     $ 99,846      
Issuance of common shares, net of issuance costs (note 9a) (in shares)     5,868,135      
Issuance of common shares and pre-funded warrants, net of issuance costs (note 9a and note 9c) 118,615          
Issuance of common shares and pre-funded warrant, net of issuance costs (note 9a and note 9c)       18,769    
Stock-based compensation expense 1,965     1,965    
Issued pursuant to exercise of stock options 106   $ 740 (634)    
Issued pursuant to exercise of of stock options (in Shares)     82,455      
Balance at Mar. 31, 2021 276,277 $ 7,732 $ 498,334 65,457 (294,256) (990)
Balance (in Shares) at Mar. 31, 2021   1,016,000 40,962,715      
Balance at Dec. 31, 2020 171,355 $ 7,732 $ 397,748 45,357 (278,492) (990)
Balance (in Shares) at Dec. 31, 2020   1,016,000 35,012,125      
Net loss $ (53,318)          
Issued pursuant to exercise of of stock options (in Shares) [2] 386,708          
Balance at Sep. 30, 2021 $ 248,939 $ 7,732 $ 504,386 69,621 (331,810) (990)
Balance (in Shares) at Sep. 30, 2021   1,016,000 41,412,875      
Balance at Mar. 31, 2021 276,277 $ 7,732 $ 498,334 65,457 (294,256) (990)
Balance (in Shares) at Mar. 31, 2021   1,016,000 40,962,715      
Net loss (22,109)       (22,109)  
Stock-based compensation expense 2,704     2,704    
Issued pursuant to exercise of stock options 111   $ 1,017 (906)    
Issued pursuant to exercise of of stock options (in Shares)     154,853      
Balance at Jun. 30, 2021 256,983 $ 7,732 $ 499,351 67,255 (316,365) (990)
Balance (in Shares) at Jun. 30, 2021   1,016,000 41,117,568      
Net loss (15,445)       (15,445)  
Issuance of common shares, net of issuance costs (note 9a) 4,730   $ 4,730      
Issuance of common shares, net of issuance costs (note 9a) (in shares)     275,337      
Stock-based compensation expense 2,643     2,643    
Issued pursuant to exercise of stock options $ 28   $ 305 (277)    
Issued pursuant to exercise of of stock options (in Shares) 41,974 [2]   19,970      
Balance at Sep. 30, 2021 $ 248,939 $ 7,732 $ 504,386 $ 69,621 $ (331,810) $ (990)
Balance (in Shares) at Sep. 30, 2021   1,016,000 41,412,875      
[1] The accumulated other comprehensive loss is entirely related to historical cumulative translation adjustments from the application of U.S. dollar reporting when the functional currency of the Company was the Canadian dollar.
[2] During the nine months ended September 30, 2021, 61,072 stock options were exercised for the same number of common shares in exchange for cash (nine months ended September 30, 2020 – 10,715). In the same period, the Company issued 196,206 common shares (nine months ended September 30, 2020 – 85,816) for the cashless exercise of 325,636 stock options (nine months ended September 30, 2020 – 142,702).