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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2023
Dec. 31, 2022
CURRENT ASSETS:    
Cash and cash equivalents $ 107,369 $ 159,521
Marketable securities 142,703 184,420
Income tax receivable 15,739 0
Other current receivables 3,731 4,323
Prepaid expenses 5,551 5,715
Total current assets 275,093 353,979
Property and equipment, net 4,722 4,228
Operating lease right-of-use assets 3,883 5,371
Income tax receivable 2,312 0
Other assets 397 497
TOTAL ASSETS 286,407 364,075
CURRENT LIABILITIES:    
Accounts payable 5,438 461
Accrued expenses and other current liabilities 20,729 21,645
Operating lease liability, current portion 2,333 2,171
Deferred revenue, current portion 20,472 53,102
Income tax payable 0 1,240
Total current liabilities 48,972 78,619
Operating lease liability, net of current portion 1,591 3,257
Deferred revenue, net of current portion 2,476 2,682
TOTAL LIABILITIES 53,039 84,558
SHAREHOLDERS’ EQUITY    
Preferred shares, no par value per share; unlimited shares authorized as of September 30, 2023 and December 31, 2022, respectively; 0 shares issued and outstanding as of September 30, 2023, and December 31, 2022, respectively 0 0
Common shares, no par value per share; unlimited shares authorized as of September 30, 2023 and December 31, 2022; 42,129,251 and 42,036,193 shares issued and outstanding as of September 30, 2023 and December 31, 2022, respectively 483,184 482,032
Additional paid-in capital 55,515 37,226
Accumulated other comprehensive loss (252) (428)
Accumulated deficit (305,079) (239,313)
Total shareholders’ equity 233,368 279,517
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY $ 286,407 $ 364,075