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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents $ 68,424 $ 55,912
Marketable securities 75,326 164,195
Accounts receivable 8,467 1,480
Prepaid expenses and other current assets 9,986 23,011
Research and development tax credit receivable 5,942 30,723
Total current assets 168,145 275,321
Non-current assets:    
Operating lease right-of-use-assets 22,774 24,316
Property and equipment, net 8,138 4,767
Restricted cash 4,215 4,266
Intangible assets, net 3,560 4,149
Other assets 12,075 9,590
Total non-current assets 50,762 47,088
Total assets 218,907 322,409
Current liabilities:    
Accounts payable 9,318 10,008
Accrued expenses and other current liabilities 34,437 24,318
Deferred revenue 959 346
Operating lease liabilities 6,424 7,335
Notes payable, current 9,429 786
Total current liabilities 60,567 42,793
Notes payable, long-term 22,991 32,086
Deferred revenue, net of current portion 10,315 12,519
Operating lease liabilities, net of current portion 19,246 19,278
Other long-term liabilities 7,524 5,783
Total liabilities 120,643 112,459
Commitments and contingencies (Note 17)
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 December 31, 2022 and 2021, respectively; Issued and outstanding - 126,947,225 and 125,674,095 shares at December 31, 2022 and 2021, respectively 16,419 16,253
Additional paid-in capital 956,711 940,675
Accumulated other comprehensive income 26,018 3,246
Accumulated deficit (900,884) (750,224)
Total shareholders’ equity 98,264 209,950
Total liabilities and shareholders’ equity $ 218,907 $ 322,409