| Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | ||
|---|---|---|---|---|---|---|
CASH FLOWS FROM OPERATING ACTIVITIES | ||||||
NET LOSS | ||||||
-54,813 | -63,600 | -38,995 | -23,205 | -26,193 | ||
Adjustments to reconcile net loss to cash used in operating activities: | ||||||
Depreciation and amortization | ||||||
1,204 | 542 | 730 | 606 | 492 | ||
Impairment charges | ||||||
6,292 | 278 | - | - | - | ||
Impairment of intangible assets | ||||||
- | - | 300 | - | - | ||
Non-cash interest on related party loans | ||||||
- | - | - | 0 | 469 | ||
Impairment of intangible assets | ||||||
- | - | - | 0 | 0 | ||
Stock-based compensation | ||||||
3,935 | 3,312 | 2,410 | 2,521 | 2,127 | ||
Amortization of debt discount | ||||||
998 | 1,274 | 1,181 | 109 | 0 | ||
Deferred taxes | ||||||
- | - | -431 | -1,780 | 0 | ||
Stock issued for in-process research and development acquisition expense | ||||||
- | - | - | 0 | 13,814 | ||
Inventory reserve | ||||||
300 | 189 | 217 | -341 | 0 | ||
Net change in operating working capital items: | ||||||
Change in accounts receivable | ||||||
136 | -79 | 127 | 113 | 0 | ||
Change in inventory | ||||||
385 | 378 | 89 | 93 | -511 | ||
Change in prepaid expenses | ||||||
-326 | 285 | 265 | 396 | 253 | ||
Change in other current assets | ||||||
-57 | -213 | 230 | -763 | -71 | ||
Change in other long-term assets | ||||||
-6 | 31 | 14 | 221 | 10 | ||
Change in operating right of use assets | ||||||
-982 | - | - | - | - | ||
Change in accounts payable | ||||||
-5,175 | 3,804 | -675 | 11 | 20 | ||
Change in deferred revenues | ||||||
-1,694 | 4,924 | -107 | - | - | ||
Increase (decrease) in deferred revenues | ||||||
- | - | - | -15 | -140 | ||
Change in other current liabilities | ||||||
374 | 4,146 | 4,714 | 2,729 | 0 | ||
Payments made on operating lease liabilities | ||||||
983 | - | - | - | - | ||
Net cash flows used in operating activities | ||||||
-48,712 | -45,533 | -31,381 | -18,517 | -9,092 | ||
INVESTING ACTIVITIES | ||||||
Cash acquired in acquisitions | ||||||
- | - | - | 2,126 | 20,872 | ||
Changes in other long-term assets | ||||||
- | - | -61 | 41 | -23 | ||
Purchase of property and equipment | ||||||
3,673 | 5,993 | 640 | 585 | 583 | ||
Net cash flows used in investing activities | ||||||
-3,673 | -5,993 | -579 | 1,500 | 20,312 | ||
FINANCING ACTIVITIES | ||||||
Proceeds from issuance of common shares for cash | ||||||
40,250 | 46,558 | 71,905 | 24,209 | 0 | ||
Share issuance costs | ||||||
2,835 | 3,006 | 4,683 | 100 | 0 | ||
Proceeds from issuance of common shares for cash, upon exercise of stock options | ||||||
- | 65 | 16 | 59 | 0 | ||
Proceeds from long-term loan and issuance of warrants net of $360 of financing costs - related party | ||||||
- | - | - | 12,840 | 0 | ||
Repayment of long-term debt | ||||||
- | - | - | 525 | 0 | ||
Loan received from related parties | ||||||
- | - | - | 0 | 2,025 | ||
Loans repaid to related parties | ||||||
- | - | - | 0 | 1,475 | ||
Net cash flows used in financing activities | ||||||
37,415 | 43,617 | 67,238 | 36,483 | 550 | ||
Effect of exchange rates on cash | ||||||
-87 | -515 | 134 | - | - | ||
CHANGE IN CASH FOR THE PERIOD | ||||||
-15,057 | -8,424 | 35,412 | - | - | ||
Effect of exchange rates on cash | ||||||
- | - | - | 340 | 84 | ||
CHANGE IN CASH FOR THE PERIOD | ||||||
- | - | - | 19,806 | 11,854 | ||
Supplementary information: | ||||||
Interest paid - related party | ||||||
2,033 | 1,980 | 1,850 | 283 | 0 | ||
Non-cash investing and financing activities: | ||||||
Warrant modification in connection with debt amendment | ||||||
179 | 386 | - | - | - | ||
Capital expenditures included in accounts payable and other current liabilities | ||||||
33 | 1,552 | 145 | - | - | ||
Share issuance costs included in accounts payable and other current liabilities | ||||||
- | -146 | - | - | - | ||
Shares issued for loans assigned by related party | ||||||
- | - | - | 0 | 10,611 | ||
Issuance of shares in reverse takeover | ||||||
- | - | - | 0 | 20,878 | ||
Common shares, options and warrants issued for acquisition of VBI | ||||||
- | - | - | 67,494 | 0 | ||
Shares issued as part of settlement agreement with Kevelt | ||||||
- | - | - | 0 | 0 | ||
Warrants issued in connection with financing transaction | ||||||
- | - | - | 0 | 0 | ||
Purchase of property and equipment in accounts payable | ||||||
- | - | - | 0 | 0 | ||