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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Cash flows from operating activities    
Net income (loss) $ (6,430,000) $ 8,650,000
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Depreciation of property and equipment 323,000 345,000
Stock-based compensation 4,778,000 3,909,000
Amortization of premiums and accretion of discounts on marketable securities 77,000 490,000
Gain on sale of marketable securities 0 (12,000)
Intangible asset amortization 379,000 370,000
Deferred income taxes 4,417,000 1,160,000
Other non-cash adjustments, net 552,000 295,000
Changes in operating assets and liabilities:    
Accounts receivable 1,957,000 (1,483,000)
Prepaid expenses and other assets (13,360,000) 50,000
Inventory (1,179,000) 42,000
Accounts payable and other liabilities 13,426,000 (5,272,000)
Product revenue allowances (894,000) 649,000
Net cash provided by operating activities 4,046,000 9,193,000
Cash flows from investing activities    
Purchases of property and equipment (75,000) (130,000)
Purchases of marketable securities (79,134,000) (93,060,000)
Sales and maturities of marketable securities 90,075,000 93,261,000
Net cash provided by investing activities 10,866,000 71,000
Cash flows from financing activities    
Proceeds from exercise of stock options 0 1,849,000
Net cash provided by financing activities 0 1,849,000
Effect of exchange rate changes on cash, cash equivalents and restricted cash (57,000) (15,000)
Net change in cash, cash equivalents and restricted cash 14,855,000 11,098,000
Cash, cash equivalents and restricted cash    
Beginning of period 52,590,000 61,613,000
End of period $ 67,445,000 $ 72,711,000