XML 73 R3.htm IDEA: XBRL DOCUMENT v3.24.0.1
Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 271,772 $ 227,827
Prepaid expenses 3,617 2,499
Tax incentive receivables 10,954 9,282
Other current assets 3,365 3,388
Total current assets 289,708 242,996
Non-current assets:    
Furniture and equipment, net 24 73
Goodwill 545 545
Equity interest 15,000 15,000
Right-of-use assets 2,847 854
Total non-current assets: 18,416 16,472
Total assets 308,124 259,468
Current liabilities:    
Accounts payable 3,492 2,910
Accrued expenses 3,585 13,752
Current operating lease liabilities 1,180 675
Taxes payable 0 283
Other current liabilities 435 1,409
Total current liabilities 8,692 19,029
Non-current liabilities:    
Term loan 48,374 9,768
Non-current operating lease liabilities 1,775 205
Total non-current liabilities 50,149 9,973
Total liabilities 58,841 29,002
Commitments and contingencies
Shareholders' equity    
Ordinary £0.05 par value shares: 667,659,630 and 631,338,246 issued, and 643,536,094 and 606,301,054 outstanding, at December 31, 2023 and 2022, respectively 42,771 40,526
Additional paid-in capital 601,063 529,187
Ordinary shares held in treasury (1,517) (1,549)
Accumulated other comprehensive loss (4,601) (4,601)
Accumulated deficit (388,433) (333,097)
Total shareholders' equity 249,283 230,466
Total liabilities and shareholders' equity $ 308,124 $ 259,468