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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)     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 $ (37,873)          
Issued pursuant to exercise of of stock options (in Shares) [2] 344,734          
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      
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) 222,331 [2]   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      
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)     149,311      
Balance at Mar. 31, 2022 541,853   $ 800,307 119,580 (377,044) (990)
Balance (in Shares) at Mar. 31, 2022     53,059,049      
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 $ (50,828)          
Issued pursuant to exercise of of stock options (in Shares) [2] 349,138          
Balance at Jun. 30, 2022 $ 785,793 $ 0 $ 1,061,690 133,295 (408,202) (990)
Balance (in Shares) at Jun. 30, 2022   0 62,242,883      
Balance at Mar. 31, 2022 541,853   $ 800,307 119,580 (377,044) (990)
Balance (in Shares) at Mar. 31, 2022     53,059,049      
Net loss (31,158)       (31,158)  
Issuance of common shares and pre-funded warrants, net of issuance costs (note 7a and note 7c) 269,890   $ 260,503 9,387    
Issuance of common shares and pre-funded warrants, net of issuance costs (note 7a and note 7c) (in shares)     9,098,362      
Stock-based compensation expense $ 5,208     5,208    
Issued pursuant to exercise of stock options     $ 880 (880)    
Issued pursuant to exercise of of stock options (in Shares) 130,031 [2]   85,472      
Balance at Jun. 30, 2022 $ 785,793 $ 0 $ 1,061,690 $ 133,295 $ (408,202) $ (990)
Balance (in Shares) at Jun. 30, 2022   0 62,242,883      
[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 six months ended June 30, 2022, no stock options were exercised for cash (six months ended June 30, 2021 – 58,179)  . In the same period, the Company issued 234,783 (six months ended June 30, 2021 – 179,129) common shares for the cashless exercise of 349,138  (six months ended June 30, 2021 – 286,555) stock options.