| Dec'17 | Dec'16 | Dec'15 | ||||
|---|---|---|---|---|---|---|
Operating activities | ||||||
Operating loss for the year | ||||||
-38,016 | -39,623 | -8,253 | ||||
Adjustments to reconcile net loss to net cash used in activities: | ||||||
Share-based payments | ||||||
1,708 | 513 | 325 | ||||
Warrant issued for services performed | ||||||
109 | - | - | ||||
Gain on settlement of contract disputes | ||||||
- | 83 | 5 | ||||
Interest receivable | ||||||
133 | 69 | 15 | ||||
Taxation payable | ||||||
- | 0 | 0 | ||||
Changes in operating assets and liabilities: | ||||||
Prepaid expenses and other receivables | ||||||
60 | -233 | -155 | ||||
Accounts payable and other accrued liabilities | ||||||
-1,429 | 11,415 | 75 | ||||
Net cash used in operating activities | ||||||
-37,434 | -27,942 | -7,997 | ||||
Financing activities | ||||||
Proceeds from issuance of promissory notes | ||||||
- | - | 704 | ||||
Proceeds from issuance of term loan | ||||||
15,000 | - | - | ||||
Costs of issuance of term loan | ||||||
575 | - | - | ||||
Proceeds from issue of share capital | ||||||
25,416 | 24,995 | 38,660 | ||||
Costs of issuance of share capital | ||||||
1,734 | 3,370 | 2,559 | ||||
Proceeds from exercise of warrants and options | ||||||
419 | 117 | 62 | ||||
Interest paid | ||||||
70 | 314 | 268 | ||||
Net cash provided by financing activities | ||||||
38,453 | 21,428 | 36,599 | ||||
Net change in cash | ||||||
1,019 | -6,513 | 28,601 | ||||
Effect of foreign exchange rate changes | ||||||
-197 | -250 | -10 | ||||
Non-cash investment activity | ||||||
Acquisition of intangible asset with equity issuances | ||||||
- | - | 6,195 | ||||
Non-cash financing activity | ||||||
Conversion of notes payable to ordinary shares | ||||||
- | 3,550 | - | ||||
Fair value of warrants issued in conjunction with issuance of share capital | ||||||
- | 5,662 | - | ||||
Fair value of warrants issued in conjunction with issuance of term loan | ||||||
419 | - | - | ||||