InMed Pharmaceuticals Reports Third Quarter Fiscal 2019 Financial Results and Provides R&D and Business Update

Wednesday, May 15, 2019 General News
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InMed Pharmaceuticals Inc.

CONDENSED CONSOLIDATED INTERIM STATEMENTS OF CASH FLOWS (unaudited)

For the nine months ended March 31, 2019 and 2018

Expressed in Canadian Dollars

2019

2018

OPERATING ACTIVITIES

Cash flows from operating activities

Loss for the period

$

(8,985,366)

$

(5,491,720)

Adjustments to reconcile loss to net cash used in operating activities

Amortization and depreciation

94,267

87,123

Share-based payments

3,337,640

1,691,722

Accrued interest income on short-term investments

(68,860)

(2,905)

Changes in non-cash working capital balances:

Prepaids and advances

(445,702)

136,015

Accounts receivable

(23,513)

8,643

Trade payables

(269,973)

266,480

Total cash outflows from operating activities

(6,361,507)

(3,304,642)

Cash Flows From Investing Activities

Purchase of short-term investments

(5,028,750)

(2,328,750)

Purchase of property and equipment

(17,784)

(55,639)

Total cash outflows from investing activities

(5,046,534)

(2,384,389)

Cash Flows From Financing Activities

Shares issued for cash

205,000

11,299,881

Share issue costs

-

(768,675)

Cash provided by financing activities

205,000

10,531,206

Increase (decrease) in cash during the period

(11,203,041)

4,842,175

Cash and cash equivalents beginning of the period

24,134,277

6,707,796

Cash and cash equivalents end of the period

$

12,931,236

$

11,549,971



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