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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Funds (used) provided - Operating activities    
Net loss $ (10,690) $ (9,312)
Depreciation of tangible assets 777 791
Stock-based compensation 113 107
Accretion expense 271 477
DSU expense (106) 224
Interest paid by issuance of common shares 171 1
Gain on debt extinguishment 0 (151)
Lease non-cash expense 2 7
Deferred income tax 0 (6)
Total Adjustment (9,462) (7,862)
Changes in non-cash items related to operations:    
Accounts receivable (29) (420)
Prepaid expenses (32) 57
Investment tax credits receivable 277 199
Contract asset 0 354
Inventory 0 182
Security deposits (9) 206
Accounts payable and accrued liabilities (72) 88
Deferred revenues (189) 23
Net change in non-cash items related to operations (54) 689
Net cash used in operating activities (9,516) (7,173)
Financing activities    
Repayment of long-term debt 0 (737)
Issuance of loan 3,000 2,500
Finance lease payments (35) (29)
Proceeds from issuance of shares 0 12,346
Transaction costs of share issuance 0 (422)
Net proceeds from convertible notes 0 1,897
Transaction costs of convertible notes 0 (34)
Transaction costs of debt extinguishment 0 (29)
Net cash provided by financing activities 2,965 15,492
Investing activities    
Additions to leasehold improvements and equipment (271) (108)
Acquisitions of short-term investments (5,739) (6,000)
Redemptions of short-term investments 9,519 1,034
Net cash provided by (used in) investing activities 3,509 (5,074)
(Decrease) increase in cash (3,042) 3,245
Effect of foreign exchange on cash 307 (505)
Cash    
Beginning of year 3,945 1,205
End of year $ 1,210 $ 3,945