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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
12 Months Ended
Sep. 30, 2024
Sep. 30, 2023
CASH FLOWS FROM OPERATING ACTIVITIES    
Net loss for the year $ (28,542,821) $ (26,582,343)
Items not affecting cash and cash equivalents:    
Amortization of right-of-use asset 90,681 118,491
Accretion of premiums/discounts on short-term investments, net (917,424) (671,268)
Accretion of lease liability 33,139 6,942
Accrued investment income 500,148 374
Unrealized foreign exchange 0 (528)
Share-based payments 6,538,890 5,007,469
Changes in non-cash working capital items:    
Receivables (27,916) (128,846)
Prepaids (50,775) 1,232,416
Accounts payable and accrued liabilities (237,770) 1,235,577
Operating lease liabilities (102,351) 0
Net cash used in operating activities (22,716,199) (19,781,716)
CASH FLOWS FROM INVESTING ACTIVITIES    
Purchase of short-term investments (39,234,545) (365,203,691)
Proceeds from short-term investments sold 131,023,755 361,676,542
Net cash provided by (used in) investing activities 91,789,210 (3,527,149)
CASH FLOWS FROM FINANCING ACTIVITIES    
Options exercised 879,997 0
Shares purchased through employee share purchase plan 45,513 68,709
Lease payments 0 (136,866)
Net cash provided by (used in) financing activities 925,510 (68,157)
Effect of foreign exchange on cash and cash equivalents 9,104 2,459
Change in cash and cash equivalents for the year 70,007,625 (23,374,563)
Cash and cash equivalents, beginning of year 33,701,912 57,076,475
Cash and cash equivalents, end of year 103,709,537 33,701,912
Supplemental disclosure of non-cash investing and finance items:    
Leased assets obtained in exchange for operating lease liabilities $ 318,144 $ 0