v3.22.1
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Cash flows used in operating activities    
Net loss $ (14,007) $ (12,514)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation of property and equipment 23 23
Share-based compensation expense 2,114 1,368
Changes in operating assets and liabilities:    
Other receivables (118) (54)
Research and development tax credits receivable (56) (91)
Prepaid expenses 231 (864)
Operating lease assets and liabilities 3 12
Accounts payable and accrued liabilities (2,139) (350)
Net cash used in operating activities (13,949) (12,470)
Cash provided by (used in) investing activities    
Acquisition of short-term investments (8,000)  
Redemption of short-term investments   12,000
Cash provided by (used in) investing activities (8,000) 12,000
Cash provided by financing activities    
Proceeds from exercise of options 49 19
Cash provided by financing activities 49 19
Net decrease in cash and cash equivalents (21,900) (451)
Cash and cash equivalents - Beginning of year 114,141 72,310
Cash and cash equivalents - End of year $ 92,241 $ 71,859