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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2019
Dec. 31, 2018
Current assets:    
Cash and cash equivalents $ 24,755 $ 67,754
Marketable securities 116,603 51,552
Accounts receivable 813 151
Prepaid expenses and other current assets 2,695 1,875
Total current assets 144,866 121,332
Operating lease right-of-use asset (note 8) 933  
Property, plant and equipment, net (note 7) 1,660 991
Deferred tax assets (note 15) 238 105
Total assets 147,697 122,428
Current liabilities:    
Accounts payable and accrued expenses (note 9) 8,818 4,119
Deferred revenue (note 13) 29,743  
Operating lease liability (note 8) 168  
Term loan (note 10) 4,650  
Total current liabilities 43,379 4,119
Deferred revenue, long-term (note 13) 709  
Operating lease liability, long-term (note 8) 743  
Term loan, long-term (note 10) 10,889 15,014
Total liabilities 55,720 19,133
Shareholders’ equity:    
Preferred shares, without par value; unlimited shares authorized; issued and outstanding: 1,016,000 (December 31, 2018 - 1,016,000) (note 11) 7,732 7,732
Common shares, without par value; unlimited shares authorized; issued and outstanding: 28,139,228 (December 31, 2018 - 25,750,721) (note 11) 294,244 265,923
Additional paid-in capital 40,646 38,515
Accumulated deficit (249,655) (207,885)
Accumulated other comprehensive loss (990) (990)
Shareholders' equity 91,977 103,295
Total liabilities and shareholders’ equity 147,697 122,428
Commitments and contingencies (note 14)