Revenues
Sales commission and other 79 131 169 284
Licensing revenue 89 112 24,657 220
Total revenues 168 243 24,826 504
Cost of goods sold 197 — 197 —
Research and development costs 974 3,599 1,807 6,054
General and administrative expenses 2,004 1,874 4,790 3,755
Selling expenses 497 1,449 2,138 2,991
Total operating expenses 3,475 6,922 8,735 12,800
(Loss) income from operations (3,504 ) (6,679 ) 15,894 (12,296 )
Gain due to changes in foreign currency exchange rates 677 196 725 261
Change in fair value of warrant liability (134 ) 3,914 1,694 5,317
Other finance income 126 19 144 37
Net finance income 669 4,129 2,563 5,615
(Loss) income before income taxes (2,835 ) (2,550 ) 18,457 (6,681 )
Income taxes 233 — (6,635 ) —
Net (loss) income (2,602 ) (2,550 ) 11,822 (6,681 )
Other comprehensive income (loss):
Items that may be reclassified subsequently to profit or loss:
Foreign currency translation adjustments (28 ) (659 ) (250 ) (792 )
Items that will not be reclassified to profit or loss:
Actuarial gain on defined benefit plans 205 194 205 635
Comprehensive (loss) income (2,425 ) (3,015 ) 11,777 (6,838 )
Net (loss) income per share (basic) (0.16 ) (0.18 ) 0.72 (0.49 )
Net (loss) income per share (diluted) (0.16 ) (0.18 ) 0.70 (0.49 )
Weighted average number of shares outstanding:
Basic§ 16,440,760 14,086,508 16,440,760 13,776,045
Diluted§ 16,440,760 14,086,508 16,489,364 13,776,045
Condensed Interim Consolidated Statement of Financial Position Information
(in thousands, except share and per share data) As at June 30, As at December 31,
2018 2017
$ $
Cash and cash equivalents 19,946 7,780
Trade and other receivables and other current assets 1,367 958
Inventory§ 1,397 643
Restricted cash equivalents 373 381
Property, plant and equipment 75 101
Deferred tax assets — 3,479
Other non-current assets 8,476 8,853
Total assets 31,634 22,195
Payables and other current liabilities 2,146 2,987
Current portion of deferred revenues — 486
Warrant liability 2,203 3,897
Provision for restructuring costs 566 2,296
Taxes payable 2,904 —
Non-financial non-current liabilities 14,305 15,312
Total liabilities 22,124 24,978
Shareholders' equity (deficiency) 9,510 (2,783)
Total liabilities and shareholders' equity (deficiency) 31,634 22,195