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

FINANCIAL INSTRUMENTS (Tables)

v3.21.1
FINANCIAL INSTRUMENTS (Tables)
12 Months Ended
Dec. 31, 2020
Disclosure of detailed information about financial instruments [abstract]  
Disclosure of carrying values of financial instruments [Table Text Block]
    For the year ended December 31, 2020        
    Amortized cost     FVTPL     Total     Note  
Financial assets:                        
                         
Cash and cash equivalents $ 8,885   $   $ 8,885        
Restricted bank deposits   18         18        
Trade receivables   5,501         5,501        
Investments       2,341     2,341     c  
Other accounts receivables   142         142        
                         
Financial liabilities:                        
                         
Trade payables   2,605         2,605        
Other account payables and accrued expenses   2,114         2,114        
Warrants       16,540     16,540     a, b  
Lease liabilities $ 990   $   $ 990        
 
    For the year ended December 31, 2019        
    Amortized cost     FVTPL     Total     Note  
Financial assets:                        
                         
Cash and cash equivalents $ 13,926   $   $ 13,926        
Trade receivables   1,810         1,810        
Investments       912     912     c  
Other accounts receivables   516         516        
                         
Financial liabilities:                        
                         
Trade payables   992         992        
Other account payables and accrued expenses   1,458         1,458        
Warrants       197     197     a, b  
Lease liabilities $ 1,050       $ 1,050        

 

Disclosure of information about key assumptions to measure fair value of warrants [Table Text Block]

 

 

December 31,

 

 

 

 

2020 (*)

 

2019

 

Sensitivity

 

 

 

 

 

 

 

Expected volatility

 

74 %

 

64%

 

Increase (decrease) in key assumptions would result in increase (decrease) in fair value.

Expected life (in years)

 

0.02

 

0.45

 

Risk-free interest rate

 

0.22%

 

1.76%

 

Increase (decrease) in key assumptions would result in decrease (increase) in fair value.

Expected dividend yield

 

0%

 

0%

 

Fair value:

 

 

 

 

 

 

 

 

 

 

 

 

 

Per Warrant (Canadian Dollar)

 

0.34

 

0.02

 

 

Total Warrants (Canadian Dollar in thousands)

 

3,872

 

197

 

 

*) Represents the key fair value assumptions through date of exercise. All 2018 Warrants were converted during May through June 2020.

Disclosure of maturity analysis for lease liabilities [Table Text Block]

December 31, 2020:

    Less than
one year
    1 to 5
years
   

6 to 10
years

    >10
years
 
                         
Lease liabilities $ 232   $ 547    515   $  

December 31, 2019:

    Less than one year     1 to 5
years
    6 to 10 
years
    >10
years
 
                         
Lease liabilities $ 229   $ 566   $ 553   $ 46  

 

Disclosure of changes in liabilities arising from financing activities [Table Text Block]
    Short-
term
loans
    Lease
liabilities
    Warrants     Total
liabilities
arising
from
financing
activities
 
                         
Balance as of January 1, 2019 $   $   $ 1,053   $ 1,053  
                         
Additions due to acquisition of subsidiary   945             945  
Issuance of new warrants           2,797     2,797  
Initial application of IFRS 16       777         777  
Additions for new leases       396         396  
Cash flows   (951 )   (165 )       (1,116  )
Other changes   6     42         48  
Effect of changes in fair value           (3,653 )   (3,653 )
                         
Balance as of December 31, 2019       1,050     197     1,247  
                         
Additions for new leases       107         107  
Cash flows       (250 )       (250 )
Conversion of warrant           (3,873 )   (3,873 )
Other changes       83     61     144  
Effect of changes in fair value           20,155     20,155  
                         
Balance as of December 31, 2020 $   $ 990   $ 16,540   $ 17,530