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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents $ 53,470 $ 55,912
Marketable securities 117,421 164,195
Accounts receivable 4,129 1,480
Prepaid expenses and other current assets 19,077 23,011
Research and development tax credit receivable 11,226 30,723
Total current assets 205,323 275,321
Operating lease right-of-use-assets 25,455 24,316
Property and equipment, net 5,733 4,767
Restricted cash 4,266 4,266
Intangible assets, net 3,736 4,149
Research and development tax credit receivable 3,950  
Other assets 10,696 9,590
Total assets 259,159 322,409
Current liabilities:    
Accounts payable 8,802 10,008
Accrued expenses and other current liabilities 26,286 24,318
Deferred revenue, current 1,147 346
Operating lease liabilities 6,670 7,335
Notes payable, current 5,500 786
Total current liabilities 48,405 42,793
Notes payable, long-term 27,539 32,086
Deferred revenue, net of current portion 10,291 12,519
Operating lease liabilities, net of current portion 20,183 19,278
Other long-term liabilities 6,469 5,783
Total liabilities 112,887 112,459
Commitments and contingencies (see Note 13)
Shareholders’ equity:    
Ordinary shares, GBP0.10 par value, authority to allot up to a maximum nominal value of GBP13,023,851.50 of shares at June 30, 2022 and December 31, 2021, respectively; 126,436,213 and 125,674,095 shares issued and outstanding at June 30, 2022 and December 31, 2021, respectively. 16,353 16,253
Additional paid-in capital 949,325 940,675
Accumulated other comprehensive income 26,030 3,246
Accumulated deficit (845,436) (750,224)
Total shareholders’ equity 146,272 209,950
Total liabilities and shareholders’ equity $ 259,159 $ 322,409