Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Cash Flows

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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
CASH FLOWS FROM OPERATING ACTIVITIES    
Net loss $ (9,289) $ (10,083)
Adjustments to reconcile net loss to net cash used in operating activities:    
Stock-based compensation 1,020 2,458
Net change in fair value of trading marketable securities (641) (207)
Non-cash lease expense 40 39
Changes in operating assets and liabilities:    
Prepaid expenses and other current assets 430 (195)
Accounts payable and accrued liabilities 296 (10)
Accounts payable - related parties (23) 33
Fixed cash payments related to operating leases (40) (43)
Net cash used in operating activities (8,207) (8,008)
CASH FLOWS FROM INVESTING ACTIVITIES    
Investment in trading marketable securities (13,685) (12,725)
Investment in available-for-sale securities 0 (499)
Proceeds from disposition of marketable securities 15,680 15,657
Proceeds from disposition of available-for-sale securities 1,512 525
Net cash provided by investing activities 3,507 2,958
CASH FLOWS FROM FINANCING ACTIVITIES    
Proceeds from issuance of common shares for cash, net 567 0
Net cash provided by (used in) financing activities 567 0
Effect of exchange rate changes on cash 60 (224)
Net change in cash and cash equivalents (4,073) (5,274)
Cash and cash equivalents - beginning of period 6,888 12,162
Cash and cash equivalents - end of period 2,815 6,888
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 and lease liability 0 20
Common shares issued as commitment fee 0 97
Unrealized loss from available-for-sale securities $ 0 $ 24