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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 95,111 $ 131,539
Prepaid expenses and other current assets 22,706 14,094
Total current assets 117,817 145,633
Non-current assets:    
Property and equipment, net 6,954 9,171
Operating lease right of use assets 4,165 4,372
Deferred tax assets 41 41
Restricted cash 53 33
Other assets 2,156 2,206
Total non-current assets 13,369 15,823
TOTAL ASSETS 131,186 161,456
Current liabilities:    
Accounts payable 2,865 5,629
Accrued expenses and other liabilities 7,225 7,828
Operating lease liabilities—current 4,205 3,539
Total current liabilities 14,295 16,996
Non-current liabilities:    
Operating lease liabilities-non-current 258 1,076
Other long-term liability 1,158 1,015
Total non-current liabilities 1,416 2,091
Total liabilities 15,711 19,087
Commitments and contingencies (Note 12)
Shareholders' equity:    
Ordinary shares, pound 0.001 par value; 41,087,901 and 41,082,948 shares authorized, issued and outstanding at June 30, 2024 and December 31, 2023, respectively 54 54
Deferred shares, pound 92,451.851 par value, one share authorized, issued and outstanding at June 30, 2024 and December 31, 2023 128 128
Additional paid in capital 417,914 415,210
Accumulated other comprehensive loss (14,015) (13,071)
Accumulated deficit (288,606) (259,952)
Total shareholders’ equity 115,475 142,369
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY $ 131,186 $ 161,456