| Mar'20 | Dec'19 | Sep'19 | Jun'19 | Mar'19 | Dec'18 | Sep'18 | Jun'18 | Mar'18 | Dec'17 | Sep'17 | Jun'17 | Mar'17 | Dec'16 | Sep'16 | Jun'16 | Mar'16 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
CASH FLOWS FROM OPERATING ACTIVITIES | ||||||||||||||||
NET LOSS | ||||||||||||||||
-48,565 | -54,813 | -63,188 | -62,394 | -65,955 | -63,600 | -55,893 | -50,326 | -42,608 | -38,995 | -35,863 | -33,361 | -30,764 | -23,205 | 0 | 0 | 0 |
Adjustments to reconcile net loss to cash used in operating activities: | ||||||||||||||||
Depreciation and amortization | ||||||||||||||||
1,486 | 1,204 | 923 | 640 | 517 | 542 | 608 | 665 | 708 | 730 | 705 | 679 | 645 | 606 | 0 | 0 | 0 |
Stock-based compensation | ||||||||||||||||
3,860 | 3,935 | 3,744 | 3,641 | 3,752 | 3,312 | 3,254 | 3,074 | 2,608 | 2,410 | 0 | 0 | 0 | - | - | - | - |
Amortization of debt discount | ||||||||||||||||
982 | 998 | 1,096 | 1,193 | 1,230 | 1,274 | 1,228 | 1,184 | 1,192 | 1,181 | 984 | 695 | 397 | 109 | 0 | 0 | 0 |
Deferred taxes | ||||||||||||||||
- | - | - | - | - | - | - | - | - | -431 | -2,211 | -2,211 | -2,211 | -1,780 | 0 | 0 | 0 |
Net change in operating working capital items: | ||||||||||||||||
Change in accounts receivable | ||||||||||||||||
15 | 136 | 61 | -122 | -47 | -79 | -73 | -47 | 122 | 127 | 265 | 405 | 319 | 113 | 0 | 0 | 0 |
Change in inventory | ||||||||||||||||
-164 | 385 | 432 | 329 | 522 | 378 | 660 | 392 | 10 | 89 | 167 | -73 | 167 | 93 | 0 | 0 | 0 |
Change in prepaid expenses | ||||||||||||||||
31 | -326 | 457 | -40 | 12 | 285 | 85 | -83 | 278 | 265 | 0 | 0 | 0 | - | - | - | - |
Change in other current assets | ||||||||||||||||
-329 | -57 | -1,438 | -1,613 | -235 | -213 | 1,462 | 1,222 | 241 | 230 | 379 | -154 | -600 | -763 | 0 | 0 | 0 |
Change in other long-term assets | ||||||||||||||||
2 | -6 | 14 | 7 | 6 | 31 | 51 | 63 | 8 | 14 | 210 | 0 | 251 | 221 | 0 | 0 | 0 |
Change in operating right of use assets | ||||||||||||||||
0 | - | - | - | 0 | - | - | - | - | - | - | - | - | - | - | - | - |
Change in accounts payable | ||||||||||||||||
-3,859 | -5,175 | -617 | -574 | 2,101 | 3,804 | 194 | 222 | 548 | -675 | 0 | 0 | 0 | - | - | 0 | 0 |
Change in deferred revenues | ||||||||||||||||
-1,621 | -1,694 | 3,590 | 4,072 | 4,556 | 4,924 | 0 | 0 | 0 | - | - | - | - | - | - | - | - |
Increase (decrease) in deferred revenues | ||||||||||||||||
- | - | - | - | - | - | - | - | - | - | 0 | 0 | 0 | - | - | - | - |
(Decrease) increase in deferred revenues, including related parties | ||||||||||||||||
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0 | 0 |
Change in other current liabilities | ||||||||||||||||
-1,660 | 374 | -235 | 4,484 | 2,615 | 4,146 | 4,804 | 6,130 | 5,929 | 4,714 | 0 | 0 | 0 | - | - | 0 | 0 |
Payments made on operating lease liabilities | ||||||||||||||||
0 | - | - | - | 0 | - | - | - | - | - | - | - | - | - | - | - | - |
Net cash flows used in operating activities | ||||||||||||||||
-42,340 | -48,712 | -47,732 | -47,310 | -50,975 | -45,533 | -47,474 | -39,776 | -31,715 | -31,381 | -29,838 | -27,762 | -25,365 | -18,517 | 0 | 0 | 0 |
INVESTING ACTIVITIES | ||||||||||||||||
Changes in long-term deposits | ||||||||||||||||
- | - | - | - | - | - | - | - | - | - | - | - | - | - | 0 | 0 | 0 |
Purchase of property and equipment | ||||||||||||||||
1,910 | 3,673 | 5,861 | 6,857 | 6,874 | 5,993 | 3,733 | 2,255 | 1,389 | 640 | 800 | 775 | 745 | 585 | 0 | 0 | 0 |
Net cash flows used in investing activities | ||||||||||||||||
-1,910 | -3,673 | -5,861 | -6,857 | -6,874 | -5,993 | -3,672 | -2,194 | -1,328 | -579 | -626 | -789 | 1,367 | 1,500 | 0 | 0 | 0 |
FINANCING ACTIVITIES | ||||||||||||||||
Proceeds from issuance of common shares for cash, upon exercise of stock options | ||||||||||||||||
- | - | - | - | - | 65 | 65 | 65 | 5 | 16 | 75 | 75 | 75 | 59 | 0 | 0 | 0 |
Repayment of long-term debt | ||||||||||||||||
0 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Net cash flows used in financing activities | ||||||||||||||||
0 | - | - | - | - | 43,617 | 67,287 | 67,287 | 67,227 | 67,238 | 23,264 | 23,039 | 36,499 | 36,483 | 0 | 0 | 0 |
Effect of exchange rates on cash | ||||||||||||||||
-70 | -87 | -423 | -437 | -549 | -515 | 0 | 0 | 0 | - | - | - | - | - | - | - | - |
CHANGE IN CASH FOR THE PERIOD | ||||||||||||||||
-7,505 | -15,057 | 27,030 | -11,052 | -14,786 | -8,424 | 0 | 0 | 0 | - | - | - | - | - | - | - | - |
Effect of exchange rates on cash | ||||||||||||||||
- | - | - | - | - | - | - | - | - | - | 539 | -654 | 48 | 340 | 0 | 0 | 0 |
CHANGE IN CASH FOR THE PERIOD | ||||||||||||||||
- | - | - | - | - | - | - | - | - | - | -6,688 | -6,166 | 12,549 | 19,806 | 0 | 0 | 0 |
Supplementary information: | ||||||||||||||||
Interest paid - related party | ||||||||||||||||
1,990 | 2,033 | 2,050 | 2,044 | 2,024 | 1,980 | 1,944 | 1,910 | 1,874 | 1,850 | 0 | 0 | 0 | - | - | - | - |
Cash paid during the period for interest | ||||||||||||||||
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0 | 0 |
Non-cash investing and financing activities: | ||||||||||||||||
Warrant modification in connection with debt amendment | ||||||||||||||||
- | - | - | - | 0 | - | - | - | - | - | - | - | - | - | - | - | - |
Capital expenditures included in accounts payable and other current liabilities | ||||||||||||||||
-915 | 33 | 0 | 0 | 0 | - | - | - | - | - | - | - | - | - | - | - | - |
Capital expenditures included in other current liabilities | ||||||||||||||||
- | - | - | - | - | - | - | - | - | - | - | - | 0 | - | 0 | 0 | 0 |