| Dec'19 | Dec'18 | |||||
|---|---|---|---|---|---|---|
Operating activities | ||||||
Net loss for the period | ||||||
-55,229 | -23,185 | |||||
Adjustments to reconcile net loss to net cash used in operating activities: | ||||||
Amortization of property and equipment | ||||||
38 | 10 | |||||
Share-based compensation expense (note 4) | ||||||
1,191 | 633 | |||||
Changes in operating assets and liabilities: | ||||||
Other receivables | ||||||
-119 | 271 | |||||
Research and development tax credits receivable | ||||||
288 | -137 | |||||
Prepaid expenses | ||||||
447 | 1,298 | |||||
Accounts payable and accrued liabilities | ||||||
3,520 | 2,876 | |||||
Income taxes payable (receivable) | ||||||
-56 | 52 | |||||
Net cash used in operating activities | ||||||
-51,152 | -21,046 | |||||
Investing activities | ||||||
Acquisition of property and equipment | ||||||
413 | 5 | |||||
Acquisition of short-term investments | ||||||
35,000 | 3,029 | |||||
Redemption of short-term investments | ||||||
35,029 | 19,032 | |||||
Net cash (used in) provided by investing activities | ||||||
-384 | 15,998 | |||||
Financing activities | ||||||
Net proceeds from initial public offering | ||||||
85,363 | - | |||||
Issuance of common shares on exercise of share options (note 4) | ||||||
44 | 461 | |||||
Net cash provided by financing activities | ||||||
85,407 | 80,115 | |||||
Net increase in cash and cash equivalents during the period | ||||||
33,871 | 75,067 | |||||
Class D1 preferred shares | ||||||
Issuance of preferred shares | ||||||
- | 64,719 | |||||
Class D2 preferred shares | ||||||
Issuance of preferred shares | ||||||
- | 14,935 | |||||