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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2020
Dec. 31, 2019
Current assets:    
Cash and cash equivalents $ 326,184 $ 94,797
Marketable securities 7,526  
Research and development tax credits receivable 2,011 1,080
Other receivables 4,153 1,976
Prepaid expenses 6,678 719
Total current assets 346,552 98,572
Property and equipment, net 3,948 2,390
Restricted cash 212 208
Operating lease right-of-use assets 4,674 1,034
Other assets 288 359
Deferred tax assets 1,412 132
TOTAL ASSETS 357,086 102,695
Current liabilities:    
Accounts payable 2,251 2,127
Accrued expenses and other current liabilities 5,975 1,276
Operating lease liabilities, current portion 697 625
Deferred revenue, current portion 2,073  
Income tax payable 18 218
Total current liabilities 11,014 4,246
Operating lease liabilities, net of current portion 3,308 439
Deferred revenue, net of current portion 55,934 8,142
TOTAL LIABILITIES 70,256 12,827
Commitments and Contingencies (note 16)
TOTAL CONVERTIBLE PREFERRED SHARES   135,997
SHAREHOLDERS’ EQUITY (DEFICIT):    
Preferred shares, no par value per share; unlimited shares authorized and 0 shares authorized as December 31, 2020 and 2019, respectively; 0 shares issued and outstanding as of December 31, 2020, and 2019, respectively
Common shares, no par value per share; unlimited shares authorized as of December 31, 2020 and 2019; 36,902,924 and 1,528,374 shares issued and outstanding as of December 31, 2020 and 2019, respectively 384,313 1
Additional paid-in capital 5,875 3,811
Accumulated deficit (103,358) (49,941)
TOTAL SHAREHOLDERS’ EQUITY (DEFICIT) 286,830 (46,129)
TOTAL LIABILITIES, CONVERTIBLE PREFERRED SHARES AND SHAREHOLDERS’ EQUITY (DEFICIT) $ 357,086 102,695
Series A Convertible Preferred Shares    
Current liabilities:    
TOTAL CONVERTIBLE PREFERRED SHARES   53,749
Series B Convertible Preferred Shares    
Current liabilities:    
TOTAL CONVERTIBLE PREFERRED SHARES   $ 82,248