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Condensed Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 89,870 $ 23,872
Trade and other receivables, net 5,998 8,471
Inventories 6,966 6,769
Prepaid expenses and other current assets 1,177 1,854
Total current assets 104,011 40,966
Property and equipment, net 3,921 4,179
Right-of-use assets, net 5,435 5,557
Intangible assets, net 0 1,278
Other non-current assets 4,238 5,438
Total assets 117,605 57,418
Current liabilities:    
Accounts payable 5,696 8,926
Accrued expenses 5,674 6,497
Lease liabilities, current 455 390
Deferred revenue, current 1,046 1,551
Liability related to the sale of future revenue, current 1,000 922
Loans payable, current 24 22
Total current liabilities 13,895 18,308
Notes payable, net 30,006 27,508
Royalty obligations, net 17,477 14,761
Liability related to the sale of future revenue, net 62,684 63,568
Lease liabilities 5,238 5,399
Deferred revenue, net of current portion 21,757 32,345
Other non-current liabilities 2,027 2,016
Total liabilities 153,084 163,905
Contingencies (Note 19)
Stockholders’ deficit:    
Common stock, $0.001 par value. Authorized $250,000,000 shares; 91,059,760 and 68,533,085 shares issued and outstanding at June 30, 2024 and December 31, 2023, respectively 91 69
Additional paid-in capital 299,080 212,521
Accumulated deficit (334,650) (319,077)
Total stockholders’ deficit (35,479) (106,487)
Total liabilities and stockholders’ deficit $ 117,605 $ 57,418
Common stock, shares outstanding (in shares) 91,059,760 68,533,085
Common stock, shares issued (in shares) 91,059,760 68,533,085