Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Operations and Comprehensive Loss

v3.22.4
Consolidated Statements of Operations and Comprehensive Loss - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Operating expenses:      
Research and development $ (17,617) $ (10,712) $ (21,074)
General and administrative (12,766) (13,825) (11,052)
Total operating expenses (30,383) (24,537) (32,126)
Operating loss (30,383) (24,537) (32,126)
Interest expense, net (2,361) (5,553) (15,097)
Financing transaction costs     (2,848)
Adjustments to fair value of derivatives 5,458 (60,964) (1,745)
Cancellation of share options (17,350)    
Extinguishment of debt     340
Other income, net 503 195 213
Total other expense (13,750) (66,322) (19,137)
Loss before income taxes (44,133) (90,859) (51,263)
Income tax expense (301) (705) (743)
Net loss $ (44,434) $ (91,564) $ (52,006)
Net loss per share - basic $ (3.63) $ (8.41) $ (32.49)
Net loss per share - diluted $ (3.63) $ (8.41) $ (32.49)
Weighted average ordinary shares outstanding - basic 12,236,607 10,891,178 1,600,655
Weighted average ordinary shares outstanding - diluted 12,236,607 10,891,178 1,600,655
Statement of Comprehensive Income [Abstract]      
Net loss $ (44,434) $ (91,564) $ (52,006)
Unrealized loss on marketable securities (350)    
Comprehensive loss $ (44,784) $ (91,564) $ (52,006)