Annual report [Section 13 and 15(d), not S-K Item 405]

Consolidated Statements of Cash Flows

v3.25.0.1
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
CASH FLOWS FROM OPERATING ACTIVITIES    
Net loss $ (9,826) $ (9,289)
Adjustments to reconcile net loss to net cash used in operating activities:    
Stock-based compensation 818 1,020
Net change in fair value of trading marketable securities (282) (641)
Non-cash lease expense 33 40
Changes in operating assets and liabilities:    
Prepaid expenses and other current assets 457 430
Accounts payable and accrued liabilities 449 296
Accounts payable - related parties 31 (23)
Fixed cash payments related to operating leases (30) (40)
Net cash used in operating activities (8,350) (8,207)
CASH FLOWS FROM INVESTING ACTIVITIES    
Investment in trading marketable securities (481) (13,685)
Proceeds from disposition of marketable securities 8,250 15,680
Proceeds from disposition of available-for-sale securities 0 1,512
Net cash provided by investing activities 7,769 3,507
CASH FLOWS FROM FINANCING ACTIVITIES    
Proceeds from issuance of common shares for cash, net 112 567
Net cash provided by financing activities 112 567
Effect of exchange rate changes on cash (8) 60
Net change in cash and cash equivalents (477) (4,073)
Cash and cash equivalents - beginning of period 2,815 6,888
Cash and cash equivalents - end of period 2,338 2,815
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 $ 111 $ 0