v3.19.2
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Operating activities    
Net loss for the period $ (24,110) $ (7,769)
Adjustments to reconcile net loss to net cash used in operating activities:    
Amortization of property and equipment 5 5
Share-based compensation expense (note 5) 487 204
Changes in operating assets and liabilities:    
Other receivables 49 (69)
Research and development tax credits receivable (67) 247
Prepaid expenses (3,634) (343)
Operating lease, net (7)  
Accounts payable and accrued liabilities 1,082 (415)
Income taxes payable (56) (4)
Net cash used in operating activities (26,251) (8,144)
Investing activities    
Acquisition of property and equipment (18) (5)
Acquisition of short-term investments (35,000)  
Redemption of short-term investments 29 15,035
Net cash (used) provided by investing activities (34,989) 15,030
Financing activities    
Net proceeds from issuance of common shares in Initial Public Offering (note 5) 86,092  
Issuance of common shares on exercise of share options (note 5) 25 37
Net cash provided by financing activities 86,117 37
Net increase in cash and cash equivalents during the period 24,877 6,923
Cash and cash equivalents - Beginning of period 85,947 10,880
Cash and cash equivalents - End of period $ 110,824 $ 17,803