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UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2020
Dec. 31, 2019
Current assets:    
Cash and cash equivalents $ 73,506 $ 9,774
Marketable securities 39,977 54,384
Accounts receivable 8,797 8,281
Inventories 3,523 3,570
Research and development tax credit receivable 1,835 2,107
Prepaid expenses and other current assets 3,337 4,264
Total current assets 130,975 82,380
Property and equipment, net 472 544
Operating lease right-of-use assets 3,365 3,612
Goodwill 18,491 18,491
Intangible assets, net 610 813
Research and development tax credit receivable 6,288 6,322
Other non-current assets 47,524 39,274
Total assets 207,725 151,436
Current liabilities:    
Current portion of long-term contingent consideration payable 5,855 5,554
Current portion of operating lease liability 604 645
Accounts payable 6,790 6,100
Accrued expenses 14,858 19,810
Income taxes 2,297 43
Other current liabilities 1,932 3,832
Total current liabilities 32,336 35,984
Long-term debt 123,258 121,686
Long-term contingent consideration payable, less current portion 12,195 11,773
Long-term operating lease liability 2,205 2,319
Other non-current liabilities 5,664 8,873
Total liabilities 175,658 180,635
Shareholders’ equity (deficit):    
Preferred shares, nominal value of $0.01 per share; 50,000 shares authorized; 488 issued and outstanding at March 31, 2020 and none issued and outstanding at December 31, 2019, respectively 5 0
Ordinary shares, nominal value of $0.01 per share; 500,000 shares authorized; 51,812 issued and 46,404 outstanding at March 31, 2020 and 42,927 issued and 37,520 outstanding at December 31, 2019 518 429
Treasury shares, at cost, 5,407 shares held at March 31, 2020 and December 31, 2019, respectively (49,998) (49,998)
Additional paid-in capital 497,249 434,391
Accumulated deficit (392,080) (391,215)
Accumulated other comprehensive loss (23,627) (22,806)
Total shareholders’ equity (deficit) 32,067 (29,199)
Total liabilities and shareholders’ equity (deficit) $ 207,725 $ 151,436