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Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2020
Dec. 31, 2019
Current assets:    
Cash and cash equivalents $ 44,199 $ 24,755
Marketable securities 158,555 116,603
Accounts receivable 1,786 813
Prepaid expenses and other current assets 2,470 2,695
Total current assets 207,010 144,866
Operating lease right-of-use asset (note 7) 1,029 933
Property, plant and equipment, net 2,347 1,660
Deferred tax assets (note 12) 290 238
Total assets 210,676 147,697
Current liabilities:    
Accounts payable and accrued expenses (note 8) 7,769 8,818
Deferred revenue (note 11) 12,692 29,743
Operating lease liability (note 7) 594 168
Term loan (note 9)   4,650
Total current liabilities 21,055 43,379
Deferred revenue, long-term (note 11)   709
Operating lease liability, long-term (note 7) 323 743
Term loan, long-term (note 9)   10,889
Total liabilities 21,378 55,720
Shareholders’ equity:    
Preferred shares, without par value; unlimited shares authorized; issued and outstanding: 1,016,000 (December 31, 2019 - 1,016,000) (note 10) 7,732 7,732
Common shares, without par value; unlimited shares authorized; issued and outstanding: 34,994,790 (December 31, 2019 - 28,139,228) (note 10) 397,652 294,244
Additional paid-in capital 42,218 40,646
Accumulated deficit (257,314) (249,655)
Accumulated other comprehensive loss (990) (990)
Shareholders' equity 189,298 91,977
Total liabilities and shareholders’ equity 210,676 147,697
Commitments and contingencies (note 13)