Inventory

9 Months Ended

Sep. 30, 2021

Inventory Disclosure [Abstract]

Inventory

Inventory

Inventory consists of the following (in thousands):

	As of September 30, 2021		As of December 31, 2020
Raw materials	$	—	$	8,967
Finished goods	766		1,731
Inventory	$	766	$	10,698

During the three and nine months ended September 30, 2021, the Company recorded a reserve for excess inventories of $14.6 million and $29.7 million, respectively, which is included within cost of royalty and other revenue within the condensed consolidated statements of operations.