Annual report pursuant to Section 13 and 15(d)

Summary of Significant Accounting Policies (Tables)

v3.19.1
Summary of Significant Accounting Policies (Tables)
12 Months Ended
Dec. 31, 2018
Accounting Policies [Abstract]  
Schedule of Property and Equipment Depreciated Using the Straight-Line Method Over the Estimated Useful Life of Each Asset

Property and equipment are stated at cost less accumulated depreciation. Property and equipment are depreciated using the straight-line method over the estimated useful life of each asset as follows:

 

 

Estimated Useful Life

Leasehold improvements

Shorter of life of lease or 10 years

Furniture and fixtures

5 years

Laboratory equipment

5 years

Computer equipment

3 years

Schedule of Potentially Dilutive Securities Excluded from Computation of Diluted Weighted-Average Shares Outstanding

The following potentially dilutive securities have been excluded from the computation of diluted weighted-average shares outstanding as they would be anti-dilutive:

 

 

 

Year ended December 31,

 

 

 

2018

 

 

2017

 

 

2016

 

Options to purchase ordinary shares

 

 

665,219

 

 

 

248,128

 

 

 

49,330

 

Preferred shares convertible into ordinary shares

 

 

—

 

 

 

5,686,663

 

 

 

3,032,457

 

Unvested restricted stock units

 

 

36,924

 

 

 

—

 

 

 

—

 

Unvested restricted ordinary shares

 

 

86,068

 

 

 

189,342

 

 

 

292,620

 

Warrants

 

 

19,890

 

 

 

—

 

 

 

—

 

Total

 

 

808,101

 

 

 

6,124,133

 

 

 

3,374,407

 

Schedule of Distribution of Total Operating Expenses by Geographical Area

The distribution of total operating expenses by geographical area was as follows:

 

 

 

Year ended December 31,

 

Operating expenses

 

2018

 

 

2017

 

 

2016

 

Ireland

 

$

66,552

 

 

$

24,619

 

 

$

9,864

 

U.S.

 

 

10,876

 

 

 

5,344

 

 

 

3,495

 

Total

 

$

77,428

 

 

$

29,963

 

 

$

13,359

 

Schedule of Distribution of Long-Lived Assets by Geographical Area

The distribution of long-lived assets by geographical area was as follows:

 

Long lived assets

 

December 31, 2018

 

 

December 31, 2017

 

Ireland

 

$

4,565

 

 

$

2,341

 

U.S.

 

 

245

 

 

 

243

 

Total

 

$

4,810

 

 

$

2,584