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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Cash flows from operating activities    
Net loss for the year $ (22,661) $ (38,298)
Adjustments to reconcile net loss to net cash used in operating activities    
Amortization of intangible assets   2
Depreciation of property and equipment 60 30
Impairment of in-process research and development   16,094
Change in fair value of milestone liability (19) (6)
Interest expense   30
Amortization of deferred loan costs   94
Warrants issued for services 35 569
Stock option expense 2,248 5,276
Changes in operating assets and liabilities    
Prepaid expenses, deposits and other (722) (381)
Clinical trial deposits (500) (2,100)
Accounts payable and accrued liabilities 1,007 (67)
Related party payables 160 (103)
Net cash used in operating activities (20,392) (18,860)
Cash flows from investing activities    
Cash acquired on merger with Adgero   969
Purchase of equipment   (8)
Proceeds on sale of equipment   3
Net cash provided by investing activities   964
Cash flows from financing activities    
Net proceeds from the issuance of shares and warrants 21,569 21,598
Warrants exercised for cash 74 4,404
Stock options exercised for cash   77
Proceeds from loan   500
Repayment of loan   (500)
Interest paid   (30)
Series A preferred cash dividend (8) (8)
Net cash provided by financing activities 21,635 26,041
Increase in cash and cash equivalents 1,243 8,145
Cash and cash equivalents – beginning of year 10,537 2,392
Cash and cash equivalents – end of year $ 11,780 $ 10,537