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, 2020
Dec. 31, 2019
Current assets:    
Cash and cash equivalents $ 23,257 $ 4,801
Prepaid expenses and other current assets 5,332 6,887
Current portion of restricted cash 30 30
Total current assets 28,619 11,718
Property and equipment, net 533 572
Restricted cash, less current portion 60 60
Other assets 13,100 13,401
Total assets 42,312 25,751
Current liabilities:    
Accounts payable 6,301 15,486
Accrued expenses 6,244 12,458
Derivative liability 25,359  
Current portion of long-term debt 5,867 5,800
Current portion of royalty-linked notes 50  
Income taxes payable 321 200
Other current liabilities 2,948 3,042
Total current liabilities 47,090 36,986
Long-term debt, less current portion 18,847 7,625
Royalty-linked notes, less current portion 10,965  
Other liabilities 7,151 7,378
Total liabilities 84,053 51,989
Commitments and contingencies (Note 13)
Shareholders’ deficit:    
Undesignated preferred shares, $0.01 par value per share: 100,000,000 shares authorized at March 31, 2020 and December 31, 2019; no shares issued at March 31, 2020 and December 31, 2019
Ordinary shares, $0.01 par value per share: 50,000,000 shares authorized at March 31, 2020 and December 31, 2019; 14,868,973 shares issued at March 31, 2020 and December 31, 2019 149 149
Additional paid-in capital 209,133 208,536
Accumulated deficit (251,023) (234,923)
Total shareholders' deficit (41,741) (26,238)
Total liabilities and shareholders’ deficit $ 42,312 $ 25,751