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Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2021
Dec. 31, 2020
Current assets:    
Cash and cash equivalents $ 87,985 $ 45,009
Marketable securities 186,718 131,988
Accounts receivable 5,060 1,822
Prepaid expenses and other current assets 3,497 2,964
Total current assets 283,260 181,783
Operating lease right-of-use asset, net (note 6) 3,206 3,326
Property, plant and equipment, net 3,691 3,554
Deferred tax assets (note 11) 514 523
Total assets 290,671 189,186
Current liabilities:    
Accounts payable and accrued expenses (note 7) 7,580 10,874
Deferred revenue (note 10) 3,642 3,642
Operating lease liability (note 6) 270 265
Total current liabilities 11,492 14,781
Operating lease liability, long-term (note 6) 2,902 3,050
Total liabilities 14,394 17,831
Shareholders’ equity:    
Preferred shares, without par value; unlimited shares authorized; issued and outstanding: 1,016,000 (December 31, 2020 - 1,016,000) (note 9) 7,732 7,732
Common shares, without par value; unlimited shares authorized; issued and outstanding: 40,962,715 (December 31, 2020 - 35,012,125) (note 9) 498,334 397,748
Additional paid-in capital 65,457 45,357
Accumulated deficit (294,256) (278,492)
Accumulated other comprehensive loss (990) (990)
Shareholders' equity 276,277 171,355
Total liabilities and shareholders’ equity 290,671 189,186
Commitments and contingencies (note 12)