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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents $ 14,136 $ 100,808
Short-term investments 108,427 56,458
OMIDRIA contract royalty asset, short-term 43,794 44,319
Receivables, net 14,479 38,155
Prepaid expense and other assets 11,886 8,216
Total current assets 192,722 247,956
OMIDRIA contract royalty asset 126,812 140,251
Property and equipment, net 1,921 1,731
Right of use assets 23,129 28,276
Restricted investments 1,054 1,054
Total assets 345,638 419,268
Current liabilities:    
Accounts payable 10,876 13,400
Accrued expenses 23,480 33,134
Current portion of lease liabilities 4,145 5,255
Total current liabilities 38,501 51,789
Lease liabilities, non-current 24,520 29,126
Unsecured convertible senior notes, net 314,358 313,458
Other accrued liabilities - noncurrent 961 1,115
Commitments and contingencies (Note 10)
Shareholders' equity (deficit):    
Preferred stock, par value $0.01 per share, 20,000,000 shares authorized; none issued and outstanding at June 30, 2022 and December 31, 2021.
Common stock, par value $0.01 per share, 150,000,000 shares authorized at June 30, 2022 and December 31, 2021; 62,730,015 and 62,628,855 shares issued and outstanding at June 30, 2022 and December 31, 2021, respectively. 627 626
Additional paid-in capital 713,665 706,288
Accumulated deficit (746,994) (683,134)
Total shareholders' equity (deficit) (32,702) 23,780
Total liabilities and shareholders' equity (deficit) $ 345,638 $ 419,268