Annual report [Section 13 and 15(d), not S-K Item 405]

Consolidated Balance Sheets

v3.25.1
Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 3,025 $ 4,543
Marketable securities 41,122 48,352
Amounts receivable 236 369
Prepaid expenses and other assets 227 411
Total current assets 44,610 53,675
Non-current assets:    
Deposits 1,308 0
Operating lease right-of-use asset 279 354
Property and equipment, net 148 131
Total non-current assets 1,735 485
Total assets 46,345 54,160
Current liabilities:    
Accounts payable 940 926
Accrued liabilities 4,347 1,777
Finance lease obligation 13 3
Operating lease obligation 90 80
Total current liabilities 5,390 2,786
Non-current liabilities:    
Finance lease obligation, non-current 12 1
Operating lease obligation, non-current 225 316
Total non-current liabilities 237 317
Commitments and Contingencies  
Shareholders' equity    
Common shares, no par value; unlimited authorized; 42,818,660 and 37,958,000 shares issued and outstanding, as of December 31, 2024 and 2023, respectively 0 0
Paid-in capital 180,697 166,609
Accumulated other comprehensive income 23 6
Accumulated deficit (140,002) (115,558)
Total shareholders’ equity 40,718 51,057
Total liabilities and shareholders’ equity $ 46,345 $ 54,160