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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents $ 145,533 $ 100,808
Short-term investments 75,431 56,458
OMIDRIA contract royalty asset, short-term 47,744 44,319
Receivables, net 13,854 38,155
Prepaid expense and other assets 5,983 8,216
Total current assets 288,545 247,956
OMIDRIA contract royalty asset 143,641 140,251
Right of use assets 22,464 28,276
Property and equipment, net 1,847 1,731
Restricted investments 1,054 1,054
Total assets 457,551 419,268
Current liabilities:    
Accounts payable 17,089 13,400
Accrued expenses 18,016 33,134
Current portion of lease liabilities 4,409 5,255
Total current liabilities 39,514 51,789
Unsecured convertible senior notes, net 314,819 313,458
OMIDRIA royalty obligation 125,000  
Lease liabilities, non-current 23,533 29,126
Other accrued liabilities - noncurrent 999 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 September 30, 2022 and December 31, 2021.
Common stock, par value $0.01 per share, 150,000,000 shares authorized at September 30, 2022 and December 31, 2021; 62,730,015 and 62,628,855 shares issued and outstanding at September 30, 2022 and December 31, 2021, respectively 627 626
Additional paid-in capital 717,509 706,288
Accumulated deficit (764,450) (683,134)
Total shareholders' equity (deficit) (46,314) 23,780
Total liabilities and shareholders' equity (deficit) $ 457,551 $ 419,268