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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2019
Dec. 31, 2018
Current assets    
Cash and cash equivalents $ 119,818 $ 85,947
Short-term investments   29
Research and development tax credits receivable 578 290
Prepaid expenses 1,845 1,398
Other receivables 258 387
Total current assets 122,499 88,051
Operating lease right-of-use assets (note 3) 524  
Property and equipment (note 4) 405 30
Total assets 123,428 88,081
Current liabilities    
Accounts payable and accrued liabilities (note 5) 7,997 4,477
Current portion of operating lease liabilities (note 3) 330  
Income taxes payable   56
Total current liabilities 8,327 4,533
Operating lease liabilities (note 3) 184  
Total liabilities 8,511 4,533
Convertible Preferred Shares (notes 1 and 6)    
Convertible preferred shares   138,758
Shareholders’ Equity (Deficit) (notes 1 and 7)    
Common shares, no par value, unlimited shares authorized, 24,505,748 shares issued and outstanding as of December 31, 2019, 596,787 shares issued and outstanding as of December 31, 2018 226,245 2,039
Additional paid-in capital 3,805 2,655
Cumulative translation adjustment (1,634) (1,634)
Accumulated deficit (113,499) (58,270)
Total shareholders’ equity (deficit) 114,917 (55,210)
Total liabilities, convertible preferred shares and shareholders’ equity (deficit) $ 123,428 $ 88,081