Annual reports filed by certain Canadian issuers pursuant to Section 15(d) and Rule 15d-4

Consolidated Statment of Operations and Comprehensive Loss

v3.19.1
Consolidated Statment of Operations and Comprehensive Loss - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Revenue (note 9)    
Licensing revenue $ 118 $ 418
Contract revenue 345 0
Revenue 463 418
Expenses    
Research and development (note 13) 41,382 33,930
Corporate, administration and business development (note 13) 13,674 12,096
Amortization of acquired intellectual property and other intangible assets (note 7) 1,545 1,434
Amortization of property and equipment 20 22
Other expense (income) (note 14) (2,065) (196)
Expenses 54,556 47,286
Net loss before change in estimated fair value of derivative warrant liabilities (54,093) (46,868)
Change in estimated fair value of derivative warrant liabilities (note 11) (9,954) (23,924)
Loss before income taxes (64,047) (70,792)
Income tax expense (note 15) 73 0
Net loss for the year (64,120) (70,792)
Net change in fair value of short term investments (note 3) 0 (78)
Net comprehensive loss for the year $ (64,120) $ (70,870)
Basic and diluted loss per common share (in dollars per share) $ (0.76) $ (0.92)