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Consolidated Statements of Shareholders' Equity (Unaudited) - USD ($)
$ in Thousands
Total
Convertible Preferred Shares [Member]
Common Shares [Member]
Additional Paid-in Capital [Member]
Accumulated Deficit [Member]
Accumulated Other Comprehensive Loss [Member]
[1]
Balance at Dec. 31, 2019 $ 91,977 $ 7,732 $ 294,244 $ 40,646 $ (249,655) $ (990)
Balance (in Shares) at Dec. 31, 2019   1,016,000 28,139,228      
Net loss (7,484)       (7,484)  
Issuance of common shares, net of issuance costs (note 9a) 102,456   $ 102,456      
Issuance of common shares, net of issuance costs (note 9a) (in shares)     6,759,187      
Stock-based compensation expense 1,015     1,015    
Issued pursuant to exercise of stock options $ 14   $ 607 (593)    
Issued pursuant to exercise of of stock options (in Shares) 98,326 [2]   57,857      
Balance at Mar. 31, 2020 $ 187,978 $ 7,732 $ 397,307 41,068 (257,139) (990)
Balance (in Shares) at Mar. 31, 2020   1,016,000 34,956,272      
Balance at Dec. 31, 2020 171,355 $ 7,732 $ 397,748 45,357 (278,492) (990)
Balance (in Shares) at Dec. 31, 2020   1,016,000 35,012,125      
Net loss (15,764)       (15,764)  
Issuance of common shares, net of issuance costs (note 9a)     $ 99,846      
Issuance of common shares, net of issuance costs (note 9a) (in shares)     5,868,135      
Issuance of common shares and pre-funded warrants, net of issuance costs (note 9a and note 9c) 118,615          
Issuance of common shares and pre-funded warrants, net of issuance costs (note 9a and note 9c)       18,769    
Stock-based compensation expense 1,965     1,965    
Issued pursuant to exercise of stock options $ 106   $ 740 (634)    
Issued pursuant to exercise of of stock options (in Shares) 122,403 [2]   82,455      
Balance at Mar. 31, 2021 $ 276,277 $ 7,732 $ 498,334 $ 65,457 $ (294,256) $ (990)
Balance (in Shares) at Mar. 31, 2021   1,016,000 40,962,715      
[1] The accumulated other comprehensive loss is entirely related to historical cumulative translation adjustments from the application of U.S. dollar reporting when the functional currency of the Company was the Canadian dollar.
[2] During the three months ended March 31, 2021, 46,296 (2020 – 1,972) stock options were exercised for the same number of common shares in exchange for cash. In the same period, the Company issued 36,159 (2020 – 55,885) common shares for the cashless exercise of 76,107 (2020 – 96,354) stock options.