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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 147,612 $ 204,877
Marketable securities 187,503 260,464
Prepaid expenses 27,654 20,945
Income tax receivable 8,656 46,139
Restricted cash held on behalf of Former Parent 40,415 35,212
Other current assets 22,278 19,331
Total current assets 434,118 586,968
Property and equipment, net 17,277 17,512
Intangible assets 18,400 18,400
Goodwill 1,390 1,390
Other non-current assets 35,551 37,513
Total assets 506,736 661,783
Current liabilities:    
Accounts payable 12,039 10,703
Due to Former Parent 40,415 35,212
Accrued expenses and other current liabilities 35,393 44,106
Total current liabilities 87,847 90,021
Long-term operating lease liability 29,115 30,581
Other non-current liabilities 2,519 2,410
Total liabilities 119,481 123,012
Commitments and contingencies (Note 11)
Shareholders' Equity:    
Preferred shares, no par value; 10,000,000 shares authorized, no shares issued and outstanding as of June 30, 2023 and December 31, 2022 0 0
Common shares, no par value; 200,000,000 shares authorized as of June 30, 2023 and December 31, 2022; 68,316,953 and 68,190,479 shares issued and outstanding as of June 30, 2023 and December 31, 2022, respectively 617,510 615,742
Additional paid-in capital 21,687 13,869
Accumulated deficit (251,962) (91,124)
Accumulated other comprehensive income 20 284
Total shareholders' equity 387,255 538,771
Total liabilities and shareholders' equity $ 506,736 $ 661,783