Annual reports filed by certain Canadian issuers pursuant to Section 15(d) and Rule 15d-4

Consolidated Statements of Cash Flows

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Consolidated Statements of Cash Flows - CAD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Cash provided by (used in) Operating activities    
Net loss and comprehensive loss for the year $ (21,935) $ (12,027)
Charges to operations not involving cash    
Depreciation of property and equipment 325 140
Stock-based compensation 1,182 571
Deferred share unit compensation 508 1,147
Interest on lease obligation 94
Accreted interest 1,385 966
Revaluation of long-term debt (506)
Loss on disposal of assets 8
Charges to operations not involving cash (18,433) (9,709)
Net change in non-cash working capital balances related to operations    
(Increase) decrease in amounts receivable (1,076) 8
Increase in prepaid expenses (616) (369)
(Increase) decrease in investment tax credits receivable (650) 38
Increase in accounts payable and accrued liabilities 3,570 1,055
Increase (decrease) in amounts due to directors 28 (19)
Cash provided by (used in) Operating activities (17,177) (8,996)
Financing activities    
Proceeds from issuance of share capital and warrants 14,375 10,000
Share and warrant issuance costs (1,148) (990)
Proceeds from the exercise of stock options 391 109
Proceeds from the exercise of warrants 4,889 1,698
Incentive contribution from lessor 896
Proceeds from long-term debt 300
Withholdings on redemption of DSUs (223)
Repayment of long-term debt (72) (72)
Repayment of lease obligation (74)
Cash provided by (used in) financing activities 19,334 10,745
Investing activities    
Acquisition of property and equipment (2,185) (387)
Proceeds from sale of assets 14
Cash provided by (used in) investing activities (2,171) (387)
Net change in cash and cash equivalents during the year (14) 1,362
Cash and cash equivalents - Beginning of year 14,909 13,547
Cash and cash equivalents - End of year 14,895 14,909
Supplementary cash flow    
Interest received $ 401 $ 189