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Note 15 - Restructuring
3 Months Ended
Jun. 30, 2023
Restructuring and Related Activities [Abstract]  
Restructuring

15. Restructuring Costs

 

On May 8, 2023, the Corporation communicated its decision to terminate a substantial amount of its workforce as part of a plan that intended to align the Corporation’s organizational and management cost structure to prioritize resources to GTX-104 and reduce losses to improve cash flow and extend available cash resources. The Corporation incurred $1,485 of costs primarily consisting of employee severance costs. Unpaid Liabilities associated with the restructuring costs are recorded in trade and other payables on the consolidated balance sheets.

 

The Corporation’s restructuring charges and payments are comprised of the following:

 

 

 

 

 

Employee

 

 

 

 

 

 

 

 

severance

 

 

Legal

 

 

Total

 

Expenses incurred

 

 

1,447

 

 

 

38

 

 

 

1,485

 

Payments made

 

 

(1,212

)

 

 

-

 

 

 

(1,212

)

Balance at June 30, 2023

 

 

235

 

 

 

38

 

 

 

274