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Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2020
Dec. 31, 2019
Current assets:    
Cash and cash equivalents $ 15,100 $ 24,755
Marketable securities 175,827 116,603
Accounts receivable 1,609 813
Prepaid expenses and other current assets 2,274 2,695
Total current assets 194,810 144,866
Operating lease right-of-use asset, net (note 7) 886 933
Property, plant and equipment, net 2,954 1,660
Deferred tax assets (note 12) 478 238
Total assets 199,128 147,697
Current liabilities:    
Accounts payable and accrued expenses (note 8) 8,875 8,818
Deferred revenue (note 11) 7,446 29,743
Operating lease liability (note 7) 596 168
Term loan (note 9)   4,650
Total current liabilities 16,917 43,379
Deferred revenue, long-term (note 11)   709
Operating lease liability, long-term (note 7) 188 743
Term loan, long-term (note 9)   10,889
Total liabilities 17,105 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: 34,994,946 (December 31, 2019 - 28,139,228) (note 10) 397,654 294,244
Additional paid-in capital 43,796 40,646
Accumulated deficit (266,169) (249,655)
Accumulated other comprehensive loss (990) (990)
Shareholders' equity 182,023 91,977
Total liabilities and shareholders’ equity 199,128 147,697
Commitments and contingencies (note 13)