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CONDENSED CONSOLIDATED BALANCE SHEETS (unaudited) - USD ($)
$ in Thousands
Mar. 31, 2020
Dec. 31, 2019
CURRENT ASSETS:    
Cash and cash equivalents $ 26,468 $ 49,688
Marketable securities 92,623 97,389
Restricted cash 1,223 523
Prepaid expenses and other current assets 1,552 1,034
TOTAL CURRENT ASSETS 121,866 148,634
NON-CURRENT ASSETS    
Property and equipment, net 991 977
Restricted deposit 223 223
Right of use asset 3,433 3,735
Marketable securities 40,137 48,555
Other non-current assets 279 264
TOTAL ASSETS 166,929 202,388
CURRENT LIABILITIES:    
Accounts payable and accrued expenses 8,500 11,186
Employee related accrued expenses 4,075 6,711
Other current liabilities 1,632 1,585
TOTAL CURRENT LIABILITIES 14,207 19,482
NON-CURRENT LIABILITIES:    
Long-term lease liability 2,268 2,604
TOTAL LIABILITIES 16,475 22,086
COMMITMENTS AND CONTINGENCIES (Note 14)
SHAREHOLDERS’ EQUITY:    
Ordinary shares, NIS 0.01 par value; 100,000,000 shares authorized at March 31, 2020 and December 31, 2019; 21,212,940 and 21,026,184 shares issued and outstanding as of March 31, 2020 and December 31, 2019, respectively 58 57
Additional paid-in capital 415,895 407,986
Accumulated deficit (265,810) (228,017)
Accumulated other comprehensive income 311 276
TOTAL SHAREHOLDERS’ EQUITY 150,454 180,302
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY $ 166,929 $ 202,388