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
Jun. 30, 2020
Dec. 31, 2019
Current assets:    
Cash and cash equivalents $ 12,250 $ 4,801
Prepaid expenses and other current assets 5,766 6,887
Current portion of restricted cash 60 30
Total current assets 18,076 11,718
Property and equipment, net 496 572
Restricted cash, less current portion 47 60
Other assets 13,068 13,401
Total assets 31,687 25,751
Current liabilities:    
Accounts payable 2,246 15,486
Accrued expenses 3,948 12,458
Derivative liability 25,371  
Current portion of long-term debt 5,930 5,800
Current portion of royalty-linked notes 53  
Income taxes payable 30 200
Other current liabilities 3,038 3,042
Total current liabilities 40,616 36,986
Long-term debt, less current portion 20,931 7,625
Royalty-linked notes, less current portion 11,826  
Other liabilities 7,103 7,378
Total liabilities 80,476 51,989
Commitments and contingencies (Note 13)
Shareholders’ deficit:    
Undesignated preferred shares, $0.01 par value per share: 100,000,000 shares authorized at June 30, 2020 and December 31, 2019; no shares issued at June 30, 2020 and December 31, 2019
Ordinary shares, $0.01 par value per share: 150,000,000 shares authorized, 17,852,149 shares issued at June 30, 2020; 50,000,000 shares authorized, 14,868,973 shares issued at December 31, 2019 179 149
Additional paid-in capital 214,576 208,536
Accumulated deficit (263,544) (234,923)
Total shareholders' deficit (48,789) (26,238)
Total liabilities and shareholders’ deficit $ 31,687 $ 25,751