In the new WASM 0.37 release, when you compile your project the compiler can no longer open/access files in parent relative paths:
incgraphic ../gfx/font.png 320A 0 2
In the attached sample open the fontgfxblock.78b to replicate. Also noted the set basepath does not work.
This does work in prior versions to the WASM release (0.36 or previous).
relativefolderbug.zip