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Unaudited Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2021
Dec. 31, 2020
Current assets:    
Cash and cash equivalents $ 148,535 $ 184,497
Current portion of accounts receivable 30,000 30,000
Prepaid expenses 10,430 10,434
Other current assets 5,580 5,111
Total current assets 194,545 230,042
Long-term assets:    
Property and equipment, net 27,370 29,198
Operating lease right-of-use assets 15,720 16,232
Restricted cash 3,651 3,651
Other assets 1,361 115
Total long-term assets 48,102 49,196
Total assets 242,647 279,238
Current liabilities:    
Accounts payable 13,418 13,795
Accrued expenses and other current liabilities 6,661 11,971
Current portion of deferred revenue 24,763 91,560
Current portion of operating lease liability 3,838 3,714
Total current liabilities 48,680 121,040
Long-term liabilities:    
Deferred revenue, net of current portion 108,278 41,481
Operating lease liability, net of current portion 24,587 25,591
Other liabilities 407 474
Total long-term liabilities 133,272 67,546
Total liabilities 181,952 188,586
Series A preferred shares, no par value; 3,901,348 shares issued and outstanding at March 31, 2021 and December 31, 2020 7,874 7,874
Shareholders’ equity:    
Ordinary shares, no par value; 49,854,651 and 48,778,678 shares issued and outstanding at March 31, 2021 and December 31, 2020, respectively 702,649 694,085
Additional paid-in capital 75,636 71,573
Accumulated other comprehensive income 269 389
Accumulated deficit (725,733) (683,269)
Total shareholders’ equity 52,821 82,778
Total liabilities, Series A preferred shares and shareholders’ equity $ 242,647 $ 279,238