XML 16 R6.htm IDEA: XBRL DOCUMENT v3.22.1
Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Operating activities:    
Net loss $ (19,670) $ (15,764)
Items not involving cash:    
Depreciation 376 196
Deferred income tax recovery 258 9
Stock-based compensation 3,614 1,965
Unrealized foreign exchange gain (142) (204)
Unrealized fair value loss on marketable securities 3,362 74
Changes in operating assets and liabilities:    
Accounts receivable (155) (3,238)
Prepaid expenses and other current assets (272) (533)
Accounts payable and accrued expenses (5,799) (3,213)
Net cash used in operating activities (18,428) (20,708)
Investing activities:    
Purchases of property, plant and equipment (212) (404)
Purchases of marketable securities (68,956) (100,655)
Proceeds from marketable securities 20,280 45,955
Net cash used in investing activities (48,888) (55,104)
Financing activities:    
Issuance of common shares and pre-funded warrants, net of issuance costs (note 7a) 7,876 118,615
Issuance of common shares pursuant to exercise of stock options   106
Net cash provided by financing activities 7,876 118,721
Effect of exchange rate changes on cash and cash equivalents 293 67
Increase (decrease) in cash and cash equivalents (59,147) 42,976
Cash and cash equivalents, beginning of period 175,688 45,009
Cash and cash equivalents, end of period 116,541 87,985
Supplemental disclosures:    
Interest received 1,682 651
Cash paid for operating lease 203 202
Supplemental disclosures of non-cash transactions:    
Fair value of stock options exercised on a cashless basis $ 1,529 $ 448