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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2023
Dec. 31, 2022
CURRENT ASSETS:    
Cash and cash equivalents $ 115,544 $ 159,521
Marketable securities 165,148 184,420
Income tax receivable 1,751 0
Other current receivables 5,281 4,323
Prepaid expenses 4,201 5,715
Total current assets 291,925 353,979
Property and equipment, net 4,821 4,228
Operating lease right-of-use assets 4,434 5,371
Other assets 408 497
TOTAL ASSETS 301,588 364,075
CURRENT LIABILITIES:    
Accounts payable 4,893 461
Accrued expenses and other current liabilities 21,628 21,645
Operating lease liability, current portion 2,320 2,171
Deferred revenue, current portion 24,412 53,102
Income tax payable 0 1,240
Total current liabilities 53,253 78,619
Operating lease liability, net of current portion 2,226 3,257
Deferred revenue, net of current portion 695 2,682
TOTAL LIABILITIES 56,174 84,558
SHAREHOLDERS’ EQUITY    
Preferred shares, no par value per share; unlimited shares authorized as of June 30, 2023 and December 31, 2022, respectively; 0 shares issued and outstanding as of June 30, 2023, and December 31, 2022, respectively 0 0
Common shares, no par value per share; unlimited shares authorized as of June 30, 2023 and December 31, 2022; 42,093,946 and 42,036,193 shares issued and outstanding as of June 30, 2023 and December 31, 2022, respectively 482,739 482,032
Additional paid-in capital 49,299 37,226
Accumulated other comprehensive loss (424) (428)
Accumulated deficit (286,200) (239,313)
Total shareholders’ equity 245,414 279,517
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY $ 301,588 $ 364,075