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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2020
Dec. 31, 2019
Current assets    
Cash and cash equivalents $ 101,816 $ 119,818
Research and development tax credits receivable 684 578
Prepaid expenses 1,565 1,845
Other receivables 259 258
Total current assets 104,324 122,499
Operating lease right-of-use assets 451 524
Property and equipment 381 405
Total assets 105,156 123,428
Current liabilities    
Accounts payable and accrued liabilities (note 3) 5,170 7,997
Current portion of operating lease liabilities 196 330
Total current liabilities 5,366 8,327
Operating lease liabilities 158 184
Total liabilities 5,524 8,511
Shareholders’ Equity (note 4)    
Common shares, no par value, unlimited shares authorized, 24,559,470 shares issued and outstanding as of March 31, 2020, 24,505,748 shares issued and outstanding as of December 31, 2019 226,378 226,245
Additional paid-in capital 4,730 3,805
Cumulative translation adjustment (1,634) (1,634)
Accumulated deficit (129,842) (113,499)
Total shareholders’ equity 99,632 114,917
Total liabilities, and shareholders’ equity $ 105,156 $ 123,428