Quarterly report pursuant to Section 13 or 15(d)

Consolidated Balance Sheets (Unaudited)

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Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 4,816 $ 21,092
Short-term investments 31,076 39,712
Income taxes receivable   302
Prepaid expenses and other current assets 2,635 1,338
Total current assets 38,527 62,444
Intangible asset, net 432 1,719
Property and equipment, net 59 69
Restricted cash 34 34
Other assets 676 2,567
Total assets 39,728 66,833
Current liabilities:    
Accounts payable 5,514 2,774
Accrued expenses 9,049 4,346
Derivative liability 75 196
Income taxes payable 46  
Other current liabilities 1,712 1,748
Total current liabilities 16,396 9,064
Long-term debt, less current portion 12,462 10,094
Royalty-linked notes 7,131 18,372
Other liabilities 307 1,304
Total liabilities 36,296 38,834
Commitments and contingencies (Note 15)
Shareholders' equity    
Undesignated preferred shares, $0.01 par value per share: 100,000,000 shares authorized at September 30, 2023 and December 31, 2022; no shares issued at September 30, 2023 and December 31, 2022
Ordinary shares, $0.01 par value per share: 80,000,000 shares authorized at September 30, 2023; 20,000,000 shares authorized at December 31, 2022, 13,041,041 shares issued at September 30, 2023; 12,598,641 shares issued at December 31, 2022 130 126
Additional paid-in capital 452,235 451,150
Accumulated deficit (448,936) (422,927)
Accumulated other comprehensive income / (loss) 3 (350)
Total shareholders' equity 3,432 27,999
Total liabilities and shareholders' equity $ 39,728 $ 66,833