Quarterly report pursuant to Section 13 or 15(d)

Consolidated Balance Sheets (Unaudited)

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Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents $ 9,209 $ 27,446
Short-term investments 59,666 53,898
Current portion of restricted cash 30  
Prepaid expenses and other current assets 2,021 1,922
Total current assets 70,926 83,266
Intangible asset, net 2,577 3,435
Property and equipment, net 46 91
Restricted cash, less current portion 34 64
Other assets 3,104 4,653
Total assets 76,687 91,509
Current liabilities:    
Accounts payable 787 878
Accrued expenses 2,954 1,165
Derivative liability 1,622 6,058
Current portion of long-term debt   1,627
Income taxes payable 92 221
Other current liabilities 2,038 2,992
Total current liabilities 7,493 12,941
Long-term debt, less current portion 8,502 6,930
Royalty-linked notes 15,071 17,968
Other liabilities 1,735 3,436
Total liabilities 32,801 41,275
Commitments and contingencies (Note 15)
Shareholders' equity    
Undesignated preferred shares, $0.01 par value per share: 100,000,000 shares authorized at June 30, 2022 and December 31, 2021; no shares issued at June 30, 2022 and December 31, 2021
Ordinary shares, $0.01 par value per share: 300,000,000 shares authorized at June 30, 2022 and December 31, 2021, 183,500,610 shares issued at June 30, 2022; 182,775,282 shares issued at December 31, 2021 1,835 1,827
Additional paid-in capital 430,779 426,900
Accumulated deficit (388,728) (378,493)
Total shareholders' equity 43,886 50,234
Total liabilities and shareholders' equity $ 76,687 $ 91,509