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Shareholders' (Deficit) / Equity (Tables) | 6 Months Ended
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Jun. 30, 2020
Reconciliation of the Company's Beginning and Ending Balances in Shareholders' (Deficit) / Equity | The following tables present a reconciliation of the Company’s beginning and ending balances in shareholders’ (deficit) / equity for the six months ended June 30, 2020 and 2019:
|  | Total Shareholders' Deficit |
Shareholders' deficit at January 1, 2020 |  | $ | (26,238 | )
Share-based compensation expense |  |  | 1,783 |
Issuance of ordinary shares, net |  |  | 2,564 |
Issuance of warrants |  |  | 1,723 |
Net loss |  |  | (28,621 | )
Shareholders' deficit at June 30, 2020 |  | $ | (48,789 | )
|  | Total Shareholders' Equity |
Shareholders' equity at January 1, 2019 |  | $ | 71,622 |
Exercise of share options |  |  | 59 |
Share-based compensation expense |  |  | 1,113 |
Net loss |  |  | (48,218 | )
Shareholders' equity at June 30, 2019 |  | $ | 24,576 |
Schedule of Financial Assets Measured at Fair Value | The following table presents information about the Company’s financial assets that were carried at fair value on a recurring basis on the condensed consolidated balance sheet as of June 30, 2020 and December 31, 2019 and indicates the fair value hierarchy of the valuation inputs utilized to determine such fair value.
June 30, 2020 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Assets |  | Total |  |  | Level 1 |  |  | Level 2 |  |  | Level 3 |
Other asset – advance payment to supplier |  | $ | 3,756 |  |  |  | — |  |  |  | — |  |  |  | 3,756 |
December 31, 2019 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Assets |  | Total |  |  | Level 1 |  |  | Level 2 |  |  | Level 3 |
Other asset – advance payment to supplier |  | $ | 3,884 |  |  |  | — |  |  |  | — |  |  |  | 3,884 |
Warrant |
Schedule of Financial Assets Measured at Fair Value | The Company has classified the warrants as equity in accordance with ASC 815. The fair value of the warrants were valued at issuance using the Black-Scholes option pricing model with the following assumptions:
|  | June 5, 2020 |
Volatility |  |  | 120 | %
Expected term in years |  | 2.50 - 2.75 |
Dividend rate |  |  | 0 | %
Risk-free interest rate |  |  | 0.47 | %
Share price |  | $ | 1.53 |
Fair value of warrants issued |  | $0.92 -$1.03 |

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- Definition Tabular disclosure of input and valuation technique used to measure fair value and change in valuation approach and technique for each separate class of asset and liability measured on recurring and nonrecurring basis. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (bbb) -URI http://asc.fasb.org/extlink&oid=117815213&loc=d3e19207-110258 + Details
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- Definition Tabular disclosure of changes in the separate accounts comprising stockholders' equity (in addition to retained earnings) and of the changes in the number of shares of equity securities during at least the most recent annual fiscal period and any subsequent interim period presented is required to make the financial statements sufficiently informative if both financial position and results of operations are presented. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=109259400&loc=d3e21463-112644 + Details
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