XML 27 R5.htm IDEA: XBRL DOCUMENT v3.22.1
CONSOLIDATED STATEMENT OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
OPERATING ACTIVITIES    
Total loss and comprehensive loss $ (12,026) $ (3,621)
Adjustments for:    
Depreciation 213 91
Equity-settled share-based payment transactions 4,030 1,138
Listing expenses   459
Gain on available-for-sale investment portfolio (223) 0
Unrealized loss on available-for-sale investment portfolio 352  
Finance expenses 565 140
Stock compensation payable (RSU) 2,253 15
Changes in operating asset and liabilities:    
Trade receivables (137) (61)
Other receivables 198 (211)
Prepaid expenses and deposits (359) (56)
Accounts payable and accrued liabilities 5,789 479
Other payables 3,287 24
NET CASH PROVIDED BY (USED IN) OPERATING ACTIVITIES 3,942 (1,603)
INVESTING ACTIVITIES    
Investments in available-for-sale securities (8,940) 0
Purchase of property and equipment (172) (16)
Acquisition of subsidiaries consolidated for the first time (1,099) 0
NET CASH USED IN INVESTING ACTIVITIES (10,211) (16)
FINANCING ACTIVITIES    
Proceeds from private placement 0 2,088
Additional proceeds from Qualifying Transaction 0 321
Proceeds from exercise of warrants 26,475 0
Proceeds from Pipe Transaction 0 20,401
Proceeds from issuance of convertible debt 0 250
Purchase of common shares for Restricted Share Unit (RSU) Plan (12,644) 0
Proceeds from exercise of stock options 207 0
Payment of lease liabilities (84) (127)
NET CASH PROVIDED BY FINANCING ACTIVITIES 13,954 22,933
Net change in cash and cash equivalents 7,685 21,314
Cash and equivalents, beginning of year 21,226 53
Fluctuations in foreign currency 171 (141)
CASH AND CASH EQUIVALENTS, END OF YEAR 29,082 21,226
SUPPLEMENTAL DISCLOSURE OF NON-CASH ACTIVITIES:    
Conversion of real series A preferred shares 0 11,750
Increase in ROU against lease liabilities 84 69
Warrants liability from acquisition $ 65 $ 0