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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2021
Dec. 31, 2020
Current assets:    
Cash and cash equivalents $ 47,135 $ 32,787
Prepaid expenses and other current assets 2,467 2,253
Total current assets 49,602 35,040
Property and equipment, net 97 106
Deferred financing costs and other non-current assets 527 702
Total assets 50,226 35,848
Current liabilities:    
Accounts payable 3,467 3,526
Accrued expenses and other current liabilities 7,283 7,024
Accrued interest payable 78 1,499
Current portion of debt   9,000
Total current liabilities 10,828 21,049
Long-term debt, less current portion 13,656  
Long-term deferred rent, less current portion 71,037 16
Development derivative liability - related party   25,155
Total liabilities 95,521 46,220
Commitments and contingencies (Note 14)
Shareholders' deficit:    
Ordinary shares, $0.0003 par value; 1,600,000,000 shares authorized and 712,131,058 shares issued and outstanding at December 31, 2021; 1,200,000,000 shares authorized and 635,092,150 shares issued and outstanding at December 31, 2020 214 191
Additional paid-in capital 562,472 544,891
Accumulated deficit (607,981) (555,454)
Total shareholders' deficit (45,295) (10,372)
Total liabilities and shareholders' deficit $ 50,226 $ 35,848