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, 2021
Dec. 31, 2020
Current assets:    
Cash and cash equivalents $ 36,573 $ 14,508
Short-term investments 54,867 0
Prepaid expenses and other current assets 4,928 6,904
Current portion of restricted cash 30 60
Total current assets 96,398 21,472
Property and equipment, net 202 421
Restricted cash, less current portion 64 248
Other assets 9,381 10,651
Total assets 106,045 32,792
Current liabilities:    
Accounts payable 1,944 816
Accrued expenses 1,273 1,829
Derivative liability 21,864 28,865
Current portion of long-term debt 4,845 6,374
Current portion of royalty-linked notes 190 114
Income taxes payable   102
Other current liabilities 4,262 3,598
Total current liabilities 34,378 41,698
Long-term debt, less current portion 5,339 22,462
Long-term royalty-linked notes, less current portion 15,315 13,389
Other liabilities 3,818 5,802
Total liabilities 58,850 83,351
Commitments and contingencies (Note 14)
Shareholders’ equity / (deficit):    
Undesignated preferred shares, $0.01 par value per share: 100,000,000 shares authorized at June 30, 2021 and December 31, 2020; no shares issued at June 30, 2021 and December 31, 2020
Ordinary shares, $0.01 par value per share: 300,000,000 shares authorized, 182,594,282 shares issued at June 30, 2021; 150,000,000 shares authorized, 49,431,028 shares issued at December 31, 2020 1,826 494
Additional paid-in capital 423,421 235,876
Accumulated deficit (378,052) (286,929)
Total shareholders' equity / (deficit) 47,195 (50,559)
Total liabilities and shareholders’ equity / (deficit) $ 106,045 $ 32,792