Annual report pursuant to Section 13 and 15(d)

Consolidated Balance Sheets

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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 4,543 $ 4,728
Marketable securities 48,352 28,774
Prepaid expenses and other assets 411 251
Amounts receivable 369 82
Total current assets 53,675 33,835
Non-current assets:    
Operating lease right-of-use asset 354 424
Property and equipment, net 131 136
Total non-current assets 485 560
Total assets 54,160 34,395
Current liabilities:    
Accounts payable 926 734
Accrued liabilities 1,777 1,365
Finance lease obligation 3 6
Operating lease obligation 80 63
Total current liabilities 2,786 2,168
Non-current liabilities:    
Finance lease obligation, non-current 1 4
Operating lease obligation, non-current 316 396
Total non-current liabilities 317 400
Commitments and Contingencies  
Shareholders' equity    
Common shares, no par value; unlimited authorized; 37,958,000 and 26,443,067 shares issued and outstanding, as of December 31, 2023 and 2022, respectively 0 0
Paid-in capital 166,609 128,078
Accumulated other comprehensive income (loss) 6 (74)
Accumulated deficit (115,558) (96,177)
Total shareholders’ equity 51,057 31,827
Total liabilities and shareholders’ equity $ 54,160 $ 34,395