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UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 137,308 $ 51,870
Inventories 16,708 16,243
Accounts receivable, net 72,809 34,368
Prepaid expenses and other current assets 7,832 11,350
Total current assets 234,657 113,831
Property and equipment, net 1,714 2,200
Operating right-of-use assets 5,987 8,218
Goodwill 59,044 59,044
Other long-term assets 44,193 37,377
Total assets 345,595 220,670
Current liabilities:    
Accounts payable 11,554 15,180
Accrued expenses and other current liabilities 91,615 63,460
Current portion of deferred revenue 5,532 0
Working Capital Fund liability, current portion 10,016 2,274
Total current liabilities 118,717 80,914
Long-term operating lease liabilities 671 3,547
Long-term debt, net 47,062 38,693
Liability related to settlement royalties, net of current portion 48,729 46,697
Liability related to sale of future royalties, net of current portion 51,082 52,066
Working Capital Fund liability, net of current portion 30,556 38,013
Warrant liability 14,199 5,176
Other long-term liabilities 5,355 4,749
Total liabilities 316,371 269,855
Commitments and contingencies (Note 10)
Stockholders' equity (deficit):    
Preferred stock $0.00001 par value; 25,000,000 shares authorized at June 30, 2025 and December 31, 2024; no shares issued and outstanding at June 30, 2025 and December 31, 2024 0 0
Common stock $0.00001 par value; 350,000,000 shares authorized at June 30, 2025 and December 31, 2024; 263,041,832 and 224,848,992 shares issued and outstanding at June 30, 2025 and December 31, 2024, respectively 2 2
Additional paid-in capital 1,701,217 1,629,167
Accumulated other comprehensive income 6 6
Accumulated deficit (1,672,001) (1,678,360)
Total stockholders' equity (deficit) 29,224 (49,185)
Total liabilities and stockholders' equity (deficit) $ 345,595 $ 220,670