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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, 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 and pre-funded warrants, net of issuance costs (note 7a and note 7c) 118,615   $ 99,846 18,769    
Issuance of common shares and pre-funded warrants, net of issuance costs (note 7a and note 7c) (in shares)     5,868,135      
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) 122,403 [2]   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, 2021 550,033 $ 7,732 $ 783,170 117,495 (357,374) (990)
Balance (in Shares) at Dec. 31, 2021   1,016,000 51,634,752      
Net loss (19,670)       (19,670)  
Issuance of common shares and pre-funded warrants, net of issuance costs (note 7a and note 7c) 7,876   $ 7,876      
Issuance of common shares and pre-funded warrants, net of issuance costs (note 7a and note 7c) (in shares)     258,986      
Conversion of preferred shares to common shares (note 7b)   $ (7,732) $ 7,732      
Conversion of preferred shares to common shares (note 7b) (in shares)   (1,016,000) 1,016,000      
Stock-based compensation expense $ 3,614     3,614    
Issued pursuant to exercise of stock options     $ 1,529 (1,529)    
Issued pursuant to exercise of of stock options (in Shares) 219,107 [2]   149,311      
Balance at Mar. 31, 2022 $ 541,853 $ 0 $ 800,307 $ 119,580 $ (377,044) $ (990)
Balance (in Shares) at Mar. 31, 2022   0 53,059,049      
[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 three months ended March 31, 2022, no stock options were exercised for cash (2021 – 46,296). In the same period, the Company issued 149,311 (2021 – 36,159) common shares for the cashless exercise of 219,107  (2021 – 76,107) stock options.