Annual report pursuant to Section 13 and 15(d)

Consolidated Balance Sheets

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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2021
Dec. 31, 2020
Current assets:    
Cash and cash equivalents $ 4,707 $ 7,409
Marketable securities 40,405 20,098
Amounts receivable 130 340
Deposits 113 10
Prepaid expenses and other assets 84 64
Total current assets 45,439 27,921
Non-current assets:    
Operating lease right-of-use asset 42 100
Property and equipment, net 70 74
Total non-current assets 112 174
Total assets 45,551 28,095
Current liabilities:    
Accounts payable 509 1,099
Accrued liabilities 966 864
Finance lease obligation 4 6
Operating lease obligation 45 59
Total current liabilities 1,524 2,028
Non-current liabilities:    
Finance lease obligation, non-current 3 7
Operating lease obligation, non-current 0 46
Total non-current liabilities 3 53
Commitments and contingencies (Note 10)
Shareholders’ equity:    
Common shares, no par value; unlimited authorized; 26,443,067 and 18,746,157 shares issued and outstanding, as of December 31, 2021 and 2020, respectively 0 0
Paid-in capital 126,576 94,925
Accumulated other comprehensive loss (51) (2)
Accumulated deficit (82,501) (68,909)
Total shareholders’ equity 44,024 26,014
Total liabilities and shareholders’ equity $ 45,551 $ 28,095