Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets (Unaudited)

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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
Mar. 31, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents $ 3,032,000 $ 4,707,000
Marketable securities 38,015,000 40,405,000
Amounts receivable 168,000 130,000
Deposits 103,000 113,000
Prepaid expenses and other assets 793,000 84,000
Total current assets 42,111,000 45,439,000
Non-current assets:    
Property and equipment, net 74,000 70,000
Operating lease right-of-use asset 26,000 42,000
Total non-current assets 100,000 112,000
Total assets 42,211,000 45,551,000
Current liabilities:    
Accounts payable 433,000 509,000
Accrued liabilities 967,000 966,000
Finance lease obligation 6,000 4,000
Operating lease obligation 28,000 45,000
Total current liabilities 1,434,000 1,524,000
Non-current liabilities:    
Finance lease obligation, non-current 9,000 3,000
Total non-current liabilities 9,000 3,000
Shareholders’ equity:    
Common shares, no par value; unlimited authorized; 26,443,067 shares issued and outstanding as of March 31, 2022 and December 31, 2021 0 0
Paid-in capital 126,884,000 126,576,000
Accumulated other comprehensive loss (107,000) (51,000)
Accumulated deficit (86,009,000) (82,501,000)
Total shareholders’ equity 40,768,000 44,024,000
Total liabilities and shareholders’ equity $ 42,211,000 $ 45,551,000