Consolidated Statements of Cash Flows | ||
As of June 30, 2019 and 2018 (Unaudited, IFRS Basis, in thousands of US dollars) | ||
Six months | ||
2019 | 2018 | |
$ | $ | |
Cash flows from operating activities | ||
Net loss | (7,646) | (8,464) |
Adjustments for: | ||
Depreciation and amortization | 596 | 607 |
Loss on disposal of property, plant and equipment | 7 | - |
Share-based Compensation | 632 | 998 |
Capitalized interest on long term debt | 1,438 | - |
Loss (gain) on re-measurement at fair-value on embedded derivative | 217 | - |
Investment income | (82) | (62) |
(4,838) | (6,921) | |
Changes in non-cash operating working capital items | 1,073 | (1,087) |
Interest received | 82 | 83 |
Cash flows used by operating activities | (3,683) | (7,925) |
Cash flows from investing activities | ||
Disposal of investments | - | 5,126 |
Acquisition of property, plant and equipment | (8) | (134) |
Acquisition of intangible assets | (108) | (80) |
Proceed from disposal of property, plant and equipment | 4 | - |
Cash flows (used) generated by investing activities | (112) | 4,912 |
Cash flows from financing activities | ||
Financing fee | 32 | - |
Options exercised | - | 25 |
Cash flows generated by financing activities | 32 | 25 |
Decrease in cash and cash equivalents | (3,763) | (2,988) |
Cash and cash equivalents at the beginning | 12,961 | 8,044 |
Cash and cash equivalents at the end | 9,198 | 5,056 |
