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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2022
Dec. 31, 2021
CURRENT ASSETS:    
Cash and cash equivalents $ 305,136 $ 334,427
Marketable securities 6,528 7,439
Research and development tax credits receivable 2,986 2,580
Other receivables 663 654
Prepaid expenses 3,915 6,314
Total current assets 319,228 351,414
Property and equipment, net 5,397 5,604
Operating lease right-of-use assets 7,003 7,491
Other assets 586 586
Deferred tax assets 4,935 3,620
TOTAL ASSETS 337,149 368,715
CURRENT LIABILITIES:    
Accounts payable 1,546 2,302
Accrued expenses and other current liabilities 16,936 18,622
Operating lease liability, current portion 1,857 1,721
Deferred revenue, current portion 11,874 11,921
Income tax payable 1,870 523
Total current liabilities 34,083 35,089
Operating lease liability, net of current portion 5,154 5,592
Deferred revenue, net of current portion 39,252 39,613
TOTAL LIABILITIES 78,489 80,294
SHAREHOLDERS’ EQUITY    
Preferred shares, no par value per share; unlimited shares authorized as of September 30, 2021 and December 31, 2020, respectively; 0 shares issued and outstanding as of September 30, 2021, and December 31, 2020, respectively 0 0
Common shares, no par value per share; unlimited shares authorized as of September 30, 2021 and December 31, 2020; 37,133,938 and 36,902,924 shares issued and outstanding as of September 30, 2021 and December 31, 2020, respectively 481,048 480,699
Additional paid-in capital 22,635 17,988
Accumulated deficit (245,023) (210,266)
Total shareholders’ equity 258,660 288,421
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY $ 337,149 $ 368,715