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, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 13,734 $ 21,092
Short-term investments 30,998 39,712
Income taxes receivable 7 302
Prepaid expenses and other current assets 2,914 1,338
Total current assets 47,653 62,444
Intangible asset, net 861 1,719
Property and equipment, net 69 69
Restricted cash 34 34
Other assets 2,404 2,567
Total assets 51,021 66,833
Current liabilities:    
Accounts payable 3,715 2,774
Accrued expenses 5,171 4,346
Derivative liability 154 196
Other current liabilities 1,789 1,748
Total current liabilities 10,829 9,064
Long-term debt, less current portion 11,666 10,094
Royalty-linked notes 20,251 18,372
Other liabilities 1,146 1,304
Total liabilities 43,892 38,834
Commitments and contingencies (Note 15)
Shareholders' equity    
Undesignated preferred shares, $0.01 par value per share: 100,000,000 shares authorized at June 30, 2023 and December 31, 2022; no shares issued at June 30, 2023 and December 31, 2022
Ordinary shares, $0.01 par value per share: 80,000,000 shares authorized at June 30, 2023; 20,000,000 shares authorized at December 31, 2022, 13,028,403 shares issued at June 30, 2023; 12,598,641 shares issued at December 31, 2022 130 126
Additional paid-in capital 452,084 451,150
Accumulated deficit (445,059) (422,927)
Accumulated other comprehensive loss (26) (350)
Total shareholders' equity 7,129 27,999
Total liabilities and shareholders' equity $ 51,021 $ 66,833