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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2019
Dec. 31, 2018
Current assets:    
Cash and cash equivalents $ 943,771 $ 456,649
Accounts receivable, including related party amounts of $0 and $88 as of December 31, 2019 and 2018, respectively 99 88
Prepaid expenses and other current assets, including related party amounts of $0 and $3,417 as of December 31, 2019 and 2018, respectively 43,677 9,658
Total current assets 987,547 466,395
Property and equipment, net 31,330 18,500
Intangible assets, net 235 289
Restricted cash 5,041 3,163
Operating lease assets 41,502  
Other non-current assets 1,097 669
Total assets 1,066,752 489,016
Current liabilities:    
Accounts payable 5,944 5,069
Accrued expenses, including related party amounts of $0 and $1,700 as of December 31, 2019 and 2018, respectively 30,180 20,852
Deferred revenue current, including related party amounts of $0 and $102 as of December 31, 2019 and 2018, respectively 960 102
Accrued tax liabilities 583 402
Deferred rent   1,202
Operating lease liabilities 8,489  
Other current liabilities 10,950 119
Total current liabilities 57,106 27,746
Deferred revenue, including related party amounts of $0 and $57,780 as of December 31, 2019 and 2018, respectively 11,776 57,780
Deferred rent non-current   11,052
Operating lease liabilities, net of current portion 44,050  
Other non-current liabilities 14,395 243
Total liabilities 127,327 96,821
Commitments and contingencies (Note 6)
Shareholders’ equity:    
Common shares, CHF 0.03 par value, 103,901,006 and 90,343,803 shares authorized at December 31, 2019 and 2018, respectively, 61,034,025 and 52,160,798 shares issued at December 31, 2019 and 2018, respectively, 60,783,799 and 51,852,862 shares outstanding at December 31, 2019 and 2018, respectively. 1,847 1,584
Treasury shares, at cost, 250,226 and 307,936 shares at December 31, 2019 and 2018, respectively (63) (57)
Additional paid-in capital 1,162,345 682,245
Accumulated deficit (224,711) (291,569)
Accumulated other comprehensive income (loss) 7 (8)
Total shareholders' equity 939,425 392,195
Total liabilities and shareholders’ equity $ 1,066,752 $ 489,016