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