Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements of Cash Flows (Unaudited)

v3.22.2.2
Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
CASH FLOWS FROM OPERATING ACTIVITIES    
Net loss $ (6,744) $ (6,192)
Adjustments to reconcile net loss to net cash used in operating activities:    
Stock based compensation 1,850 1,651
Net change in fair value of marketable securities (70) (2)
Non-cash lease expense 28 10
Changes in operating assets and liabilities:    
Prepaid expenses and other current assets (191) 17
Accounts payable and accrued liabilities (562) (342)
Accounts payable - related parties 6 5
Fixed cash payments related to operating leases (32) (2)
Net cash used in operating activities (5,715) (4,855)
CASH FLOWS FROM INVESTING ACTIVITIES    
Investment in trading marketable securities (10,542) (5,029)
Investment in available-for-sale securities (499) 0
Proceeds from disposition of marketable securities 11,678 3,100
Proceeds from disposition of available-for-sale securities 525 0
Net cash provided by (used in) investing activities 1,162 (1,929)
CASH FLOWS FROM FINANCING ACTIVITIES    
Proceeds from issuance of Common Shares for cash, net 0 1,601
Payment of stock issuance costs (134) 0
Proceeds from exercise of warrants 0 6,016
Repayments to related parties 0 (7)
Net cash provided by (used in) financing activities (134) 7,610
Effect of exchange rate changes on cash (339) (23)
Net change in cash and cash equivalents (5,026) 803
Cash and cash equivalents - beginning of period 12,162 5,783
Cash and cash equivalents - end of period 7,136 6,586
Supplemental Cash Flow Information    
Cash paid for interest 0 0
Cash paid for income taxes 0 0
NON-CASH FINANCING AND INVESTING ACTIVITIES:    
Initial recognition of the right-of-use asset 20 97
Unrealized loss from available-for-sale securities $ 31 $ 0