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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Cash flows from operating activities:    
Loss for the year $ (22,597) $ (7,097)
Adjustments to reconcile loss for the year to net cash used in operating activities:    
Depreciation 36 13
Equity issuance costs 1,217
Stock-based compensation 173 281
Issuance of restricted shares as compensation to directors 306 54
Shares issued to CEO for achieving of IP Agreement milestones 192
Loss on settlement of liabilities 4,758
Loss on equity issuance 1,925
Change in fair value of derivative liability 798
Discount amortization and interest expenses related to promissory notes 628
Linkage difference on principal of loans from stockholders 7 1
Changes in assets and liabilities:    
Decrease (increase) in other current assets 225 (309)
Increase in accounts payable 263 167
Increase (decrease) in other current liabilities (421) 332
Net cash used in operating activities (12,490) (6,558)
Cash flows from investment activities:    
Purchase of property and equipment (104)
Net cash used in investment activities (104)
Cash flows from financing activities    
Issuance of promissory notes and detachable warrants through private placement Transaction (Note 4E) 100
Net proceeds received from underwritten U.S. public offering (Note 4J) 8,783
Issuance of convertible promissory notes - related parties (Note 4G) 4,000
Issuance of convertible promissory notes and bifurcated conversion feature through private placement transaction (Note 4F) 360
Net proceeds received from underwritten U.S. public offering (Note 4C) 500 8,730
Net cash provided by financing activities 13,743 8,730
Effect of exchange rate changes on cash and cash equivalents (24) (1)
Change in cash, cash equivalents, and restricted cash 1,125 2,171
Cash, cash equivalents, and restricted cash at beginning of the year 4,502 2,331
Cash, cash equivalents, and restricted cash at end of the year 5,627 4,502
(a) Net cash (received) paid during the year for:    
Interest (62)
(b) Non-cash investment and financing activities:    
Deemed dividend upon trigger of down round protection 855
Recognition of right for use asset against a lease liability (Note 6) 79
Settlement of liabilities with equity (Note 4H and 4I) 1,743
Derivative liability (Note 4G) 35
Conversion of debt into equity (Note 4F and 4G) $ 2,284