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Condensed Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 68,657 $ 71,546
Trade and other receivables, net 10,444 7,344
Inventories 7,198 6,044
Prepaid expenses and other current assets 2,870 3,286
Total current assets 89,169 88,220
Property and equipment, net 3,801 3,799
Right-of-use assets, net 5,049 5,182
Intangible assets, net 0 0
Other non-current assets 4,215 4,223
Total assets 102,234 101,424
Current liabilities:    
Accounts payable 12,280 10,287
Accrued expenses 3,314 5,907
Lease liabilities, current 540 510
Deferred revenue, current 1,048 1,048
Liability related to the sale of future revenue, current 1,000 1,000
Royalty obligations, current 89 87
Loans payable, current 27 26
Total current liabilities 18,298 18,865
Notes payable, net 33,746 32,500
Royalty obligations, net 21,559 20,129
Liability related to the sale of future revenue, net 62,777 62,718
Lease liabilities 4,822 4,968
Deferred revenue, net of current portion 19,744 20,005
Other non-current liabilities 2,218 2,395
Total liabilities 163,164 161,580
Contingencies (Note 20)
Stockholders’ deficit:    
Common stock, $0.001 par value. Authorized $250,000,000 shares; 99,317,153 and 91,413,742 shares issued and outstanding at March 31, 2025 and December 31, 2024, respectively 99 91
Additional paid-in capital 325,115 302,967
Accumulated deficit (386,144) (363,214)
Total stockholders’ deficit (60,930) (60,156)
Total liabilities and stockholders’ deficit $ 102,234 $ 101,424