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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2020
Dec. 31, 2019
Current assets:    
Cash and cash equivalents $ 219,569 $ 128,451
Short-term investments (note 5) 217,220 170,453
Accounts receivable 14,825 2,185
Prepaid expenses and other current assets 19,683 10,741
Total current assets 471,297 311,830
Deferred financing fees 730 650
Long-term investments (note 5) 75,978 0
Long-term prepaid assets 2,240 2,306
Deferred tax asset 1,347 1,218
Property and equipment, net 12,452 11,100
Operating lease right-of-use assets 5,673 5,400
Intangible assets, net 7,492 6,057
Acquired in-process research and development (note 6) 17,628 17,628
Goodwill (note 6) 12,016 12,016
Total assets 606,853 368,205
Current liabilities:    
Accounts payable and accrued liabilities (note 7) 36,235 35,691
Fair value of liability classified options (note 12) 34,621 45,569
Current portion of operating lease liability (note 11) 1,895 1,282
Other current liabilities (note 7) 29 10
Total current liabilities 72,780 82,552
Long-term portion of operating lease liability (note 11) 6,591 5,599
Long-term portion of deferred revenue (note 9) 32,941 32,941
Other long-term liabilities (note 7) 2,560 1,024
Deferred tax liability 728 408
Total liabilities 115,600 122,524
Shareholders’ equity:    
Common shares, no par value; unlimited authorized shares at June 30, 2020 and December 31, 2019, respectively; 45,563,155 and 39,564,529 shares issued and outstanding at June 30, 2020 and December 31, 2019, respectively (note 8b) 708,319 450,210
Additional paid-in capital 150,399 92,839
Accumulated other comprehensive loss (6,659) (6,659)
Accumulated deficit (360,806) (290,709)
Total shareholders’ equity 491,253 245,681
Total liabilities and shareholders’ equity 606,853 368,205
Commitments and contingencies (note 13)