Annual and transition report of foreign private issuers pursuant to Section 13 or 15(d)

Statements of Cash Flows (Twelve Month and Month Ended 2017 Unaudited)

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Statements of Cash Flows (Twelve Month and Month Ended 2017 Unaudited) - CAD ($)
$ in Thousands
1 Months Ended 12 Months Ended 13 Months Ended
Mar. 31, 2017
Mar. 31, 2018
Feb. 28, 2017
Feb. 29, 2016
Mar. 31, 2017
Cash flows used in operating activities:          
Net loss for the period $ (769) $ (21,504) $ (10,478) $ (6,317) $ (11,247)
Adjustments:          
Amortization of intangible assets 194 2,323 2,323 2,336 2,517
Depreciation of equipment 32 349 189 59 221
Impairment loss related to intangible assets 339
Stock-based compensation 86 929 588 309 674
Net financial expenses 51 1,808 115 (3,295) 166
Realized foreign exchange gain (loss) (12) (7) 60 36 48
Deferred income tax recovery (129) (129)
Total adjustments (418) (16,102) (7,332) (6,533) (7,750)
Changes in working capital items (328) 3,583 1,120 (41) 792
Net cash used in operating activities (746) (12,519) (6,212) (6,574) (6,958)
Cash flows from (used in) investing activities:          
Interest received 4 70 146 114 150
Acquisition of intangible assets (92)
Acquisition of equipment (24) (455) (2,503) (276) (2,527)
Acquisition of short-term investments (12,765) (11,954) (12,765)
Acquisition of marketable securities (26)
Maturity of short-term investments 22,030 20,437 22,030
Net cash (used in) investing activities (20) (411) 6,908 8,229 6,888
Cash flows from (used in) financing activities:          
Net proceeds from public offering (34) 11,065 5,044 5,010
Net proceeds from private placement (10) (40) 1,882 1,872
Proceeds from exercise of warrants 384
Share issue costs (1)
Interest paid (3) (18) (2) (18)
Net cash from (used in) financing activities (44) 11,406 6,908 (3) 6,864
Foreign exchange (loss) gain on cash and cash equivalents held in foreign currencies 9 (25) (58) 64 (49)
Net increase (decrease) in cash and cash equivalents (801) (1,549) 7,546 1,716 6,745
Cash and cash equivalents, beginning of period 10,573 9,772 3,027 1,311 3,027
Cash and cash equivalents, end of period 9,772 8,223 10,573 3,027 9,772
Cash 6,778 1,583 7,584 3,027 6,778
Cash equivalents $ 2,994 $ 6,640 $ 2,989 $ 2,994