Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets (Unaudited)

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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2019
Dec. 31, 2018
Current assets:    
Cash and cash equivalents $ 64,603 $ 44,551
Short-term investments 4,997 40,000
Prepaid expenses and other current assets 7,188 8,390
Current portion of restricted cash 30 30
Total current assets 76,818 92,971
Property and equipment, net 675 700
Restricted cash, less current portion 90 90
Other assets 11,551 4,110
Total assets 89,134 97,871
Current liabilities:    
Accounts payable 6,176 4,041
Accrued expenses 8,696 7,046
Current portion of long-term debt 2,056 1,019
Income taxes payable 248 113
Other current liabilities 442  
Total current liabilities 17,618 12,219
Long-term debt, less current portion 12,139 13,079
Other liabilities 7,747 951
Total liabilities 37,504 26,249
Commitments and contingencies (Note 12)
Shareholders’ equity:    
Ordinary shares, $0.01 par value per share: 50,000,000 shares authorized at March 31, 2019 and December 31, 2018; 14,367,441 shares issued at March 31, 2019; 14,352,046 shares issued at December 31, 2018 144 144
Additional paid-in capital 203,859 203,271
Accumulated deficit (152,373) (131,793)
Total shareholders' equity 51,630 71,622
Total liabilities and shareholders’ equity $ 89,134 $ 97,871