Quarterly report pursuant to Section 13 or 15(d)

Consolidated Balance Sheets (Unaudited)

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Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents $ 31,361 $ 27,446
Short-term investments 43,909 53,898
Prepaid expenses and other current assets 1,111 1,922
Total current assets 76,381 83,266
Intangible asset, net 3,006 3,435
Property and equipment, net 62 91
Restricted cash, less current portion 64 64
Other assets 4,550 4,653
Total assets 84,063 91,509
Current liabilities:    
Accounts payable 684 878
Accrued expenses 1,972 1,165
Derivative liability 4,451 6,058
Current portion of long-term debt   1,627
Income taxes payable 648 221
Other current liabilities 2,326 2,992
Total current liabilities 10,081 12,941
Long-term debt, less current portion 7,713 6,930
Royalty-linked notes 14,397 17,968
Other liabilities 3,237 3,436
Total liabilities 35,428 41,275
Commitments and contingencies (Note 15)
Shareholders' equity    
Undesignated preferred shares, $0.01 par value per share: 100,000,000 shares authorized at March 31, 2022 and December 31, 2021; no shares issued at March 31, 2022 and December 31, 2021
Ordinary shares, $0.01 par value per share: 300,000,000 shares authorized at March 31, 2022 and December 31, 2021, 183,353,418 shares issued at March 31, 2022; 182,775,282 shares issued at December 31, 2021 1,833 1,827
Additional paid-in capital 428,795 426,900
Accumulated deficit (381,993) (378,493)
Total shareholders' equity 48,635 50,234
Total liabilities and shareholders' equity $ 84,063 $ 91,509