Annual report pursuant to Section 13 and 15(d)

Consolidated Balance Sheets

v3.20.1
Consolidated Balance Sheets - USD ($)
Dec. 31, 2019
Dec. 31, 2018
Current assets:    
Cash and cash equivalents $ 4,801,000 $ 44,551,000
Short-term investments 0 40,000,000
Prepaid expenses and other current assets 6,887,000 8,390,000
Current portion of restricted cash 30,000 30,000
Total current assets 11,718,000 92,971,000
Property and equipment, net 572,000 700,000
Restricted cash, less current portion 60,000 90,000
Other assets 13,401,000 4,110,000
Total assets 25,751,000 97,871,000
Current liabilities:    
Accounts payable 15,486,000 4,041,000
Accrued expenses 12,458,000 7,046,000
Current portion of long-term debt 5,800,000 1,019,000
Other current liabilities 3,042,000  
Income taxes payable 200,000 113,000
Total current liabilities 36,986,000 12,219,000
Long-term debt, less current portion 7,625,000 13,079,000
Other liabilities 7,378,000 951,000
Total liabilities 51,989,000 26,249,000
Commitments and contingencies (Note 12)
Shareholders’ (deficit) / equity:    
Ordinary shares, $0.01 par value per share: 50,000,000 shares authorized, 14,868,973 shares issued at December 31, 2019; 50,000,000 shares authorized, 14,352,046 shares issued at December 31, 2018 149,000 144,000
Additional paid-in capital 208,536,000 203,271,000
Accumulated deficit (234,923,000) (131,793,000)
Total shareholders' (deficit) / equity (26,238,000) 71,622,000
Total liabilities and shareholders’ (deficit) / equity $ 25,751,000 $ 97,871,000