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Condensed Consolidated Statements of Cash Flow (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Jun. 30, 2015
Jun. 30, 2014
Research and Development Expense [Member]        
Items not involving cash:        
Stock-based compensation $ 1,377,000 $ 792,000 $ 2,705,000 $ 1,640,000
General and Administrative Expense [Member]        
Items not involving cash:        
Stock-based compensation 4,046,000 289,000 4,525,000 629,000
Net loss for the period (14,886,000) (6,081,000) (26,875,000) (24,065,000)
Depreciation of property and equipment 147,000 149,000 267,000 283,000
Unrealized foreign exchange (gains) losses 2,639,000 1,391,000 (4,418,000) 1,332,000
Change in fair value of warrant liability (2,024,000) (5,813,000) (801,000) 7,803,000
Net change in non-cash operating items:        
Accounts receivable (1,738,000) 1,231,000 (4,624,000) (178,000)
Accrued revenue $ 1,304,000 220,000 $ 178,000 12,000
Deferred expenses   57,000   112,000
Prepaid expenses and other assets $ (519,000) 243,000 $ (298,000) 725,000
Accounts payable and accrued liabilities (7,351,000) (943,000) (5,343,000) 108,000
Deferred revenue 334,000 455,000 (957,000) 12,744,000
Net cash provided by (used in) operating activities (16,671,000) (8,010,000) (35,641,000) 1,145,000
INVESTING ACTIVITIES        
Disposition (acquisition) of short and long-term investments $ (9,944,000) $ (42,992,000) 27,419,000 $ (42,992,000)
Cash acquired through acquisition (note 3)     324,000  
Acquisition of property and equipment $ (383,000) $ (246,000) (524,000) $ (581,000)
Net cash provided by (used) in investing activities (10,327,000) $ (43,238,000) 27,219,000 (43,573,000)
FINANCING ACTIVITIES        
Proceeds from issuance of common shares, net of issuance costs 2,000   142,177,000 56,477,000
Issuance of common shares pursuant to exercise of options 939,000 $ 148,000 1,559,000 2,072,000
Issuance of common shares pursuant to exercise of warrants 19,000 86,000 44,000 974,000
Net cash provided by financing activities 960,000 234,000 143,780,000 59,523,000
Effect of foreign exchange rate changes on cash and cash equivalents 967,000 1,924,000 (340,000) (545,000)
Increase in cash and cash equivalents (25,071,000) (49,090,000) 135,018,000 16,550,000
Cash and cash equivalents, beginning of period 232,276,000 134,357,000 72,187,000 68,717,000
Cash and cash equivalents, end of period $ 207,205,000 85,267,000 $ 207,205,000 85,267,000
Non-cash transactions:        
Fair value of warrants exercised on a cashless basis   $ (116,000)   $ (116,000)
Investment tax credits received $ 25,000   $ 25,000  
Acquisition of Arbutus Inc. excluding cash acquired     $ 381,618,000