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CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 87,431 $ 57,421
Prepaid expenses and other current assets 4,489 5,156
Research and development incentives receivables 2,020 1,183
Total current assets 93,940 63,760
Property and equipment, net 338 405
Operating lease right of use assets, net 985 1,245
Intangible assets, net 866 1,089
Total assets 96,129 66,499
Current liabilities:    
Accounts payable 2,700 2,346
Accrued expenses 3,721 5,467
Convertible loan notes - current 4,931 0
Operating lease liabilities - current 679 652
Other current liabilities 3,435 1,021
Total current liabilities 15,466 9,486
Convertible loan notes - non current 0 4,394
Warrant liabilities - non current 925 412
Operating lease liabilities- non current 552 906
Other non-current liabilities 536 764
Total liabilities 17,479 15,962
Commitments and contingencies (Note 16)
Shareholders' Equity    
Ordinary shares, par value 0.003 per share; 768,821,274 shares issued at June 30, 2024 (December 31, 2023: 701,217,089). 3,032 2,775
Treasury shares 0 (1,230)
Additional paid-in capital 534,732 486,107
Accumulated deficit (440,836) (419,630)
Accumulated other comprehensive loss (18,278) (17,485)
Total shareholders' equity 78,650 50,537
Total liabilities and shareholders' equity $ 96,129 $ 66,499