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

Consolidated Statements of Cash Flows

v3.20.1
Consolidated Statements of Cash Flows - CAD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Cash provided by (used in) Operating activities
Net loss and comprehensive loss for the year $ (27,365) $ (21,935)
Charges to operations not involving cash
Depreciation of property and equipment 528 325
Stock-based compensation 1,138 1,182
Deferred share unit compensation (191) 508
Accreted interest 1,239 1,433
Revaluation of long-term debt (840)
Loss on disposal of assets 1 8
Charges to operations not involving cash (25,490) (18,479)
Net change in non-cash working capital balances related to operations
Decrease (increase) in amounts receivable 492 (1,076)
Increase in prepaid expenses (333) (616)
Increase in investment tax credits receivable (550) (650)
Increase (decrease) in accounts payable and accrued liabilities (1,418) 3,570
Increase in amounts due to directors 11 28
Cash provided by (used in) Operating activities (27,288) (17,223)
Financing activities
Proceeds from issuance of share capital and warrants 29,456 14,375
Share and warrant issuance costs (2,499) (1,148)
Proceeds from the exercise of stock options 95 391
Proceeds from the exercise of warrants 61 4,889
Incentive contribution from lessor 896
Proceeds from long-term debt 300
Withholdings on redemption of deferred share units (223)
Repayment of long-term debt (88) (72)
Repayment of lease obligation (90) (28)
Cash provided by (used in) financing activities 26,935 19,380
Investing activities
Acquisition of property and equipment (476) (2,185)
Proceeds from sale of assets 14
Cash provided by (used in) investing activities (476) (2,171)
Net change in cash and cash equivalents during the year (829) (14)
Cash and cash equivalents - Beginning of year 14,895 14,909
Cash and cash equivalents - End of year 14,066 14,895
Supplementary cash flow
Interest received $ 509 $ 401