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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 15,759 $ 17,948
Investments 12,561 48,823
Accounts receivable, net 8,313 9,319
Inventory 19,587 22,892
Prepaid expenses and other current assets 4,945 6,019
Restricted investments 24,446 35,117
Total current assets 85,611 140,118
Restricted cash 400 400
Property and equipment, net 25,279 23,345
Operating lease right-of-use assets 4,870 5,633
Finance lease right-of-use assets 3,453 3,503
Intangible assets, net 31,734 33,974
Other long-term assets 6,648 7,431
Total assets 157,995 214,404
Current liabilities:    
Accounts payable 9,844 10,384
Accrued expenses 11,028 8,089
Contract liabilities 1,035 783
Operating lease liability 2,190 2,163
Finance lease liability 269 272
Purchase option liability (at fair value) 5,060 8,534
Convertible notes payable (at fair value) 29,080 69,803
Total current liabilities 58,506 100,028
Operating lease liability, net of current portion 2,755 3,590
Finance lease liability, net of current portion 3,575 3,585
Contingent consideration 10,250 10,890
Long-term contract liabilities 138 154
Total liabilities 75,224 118,247
Commitments and contingencies (Note 7)
Stockholders’ equity:    
Preferred stock, $0.0001 par value; 10,000,000 shares authorized at March 31, 2024 and December 31, 2023; no shares issued and outstanding at March 31, 2024 and December 31, 2023 0 0
Common stock, $0.0001 par value, 400,000,000 shares authorized at March 31, 2024 and December 31, 2023; 57,539,000 and 45,752,000 shares issued and outstanding at March 31, 2024 and December 31, 2023, respectively 6 5
Additional paid-in capital 695,411 677,337
Accumulated deficit (612,630) (581,208)
Accumulated other comprehensive income (loss) (16) 23
Total stockholders’ equity 82,771 96,157
Total liabilities and stockholders’ equity $ 157,995 $ 214,404