XML 12 R2.htm IDEA: XBRL DOCUMENT v3.22.1
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents $ 19,645 $ 19,859
Short-term investments 41,302 51,358
Prepaid expenses and other current assets 4,329 6,175
Total current assets 65,276 77,392
Property and equipment, net 509 527
Acquired intangible asset 2,258 2,258
Goodwill 881 881
Right-of-use lease assets 229 296
Other assets 1,946 1,957
Total assets 71,099 83,311
Current liabilities:    
Accounts payable 4,131 5,044
Accrued expenses 6,566 7,633
Lease liabilities 234 258
Total current liabilities 10,931 12,935
Royalty purchase liability 130,366 128,063
Lease liabilities, net of current portion 44
Deferred tax liability 273 273
Total liabilities 141,570 141,315
Stockholders' deficit:    
Preferred stock, $0.001 par value: 10,000,000 shares authorized; no shares issued and outstanding
Common stock, $0.001 par value: 200,000,000 shares authorized; 26,819,421 and 26,458,767 shares issued and outstanding at March 31, 2022 and December 31, 2021, respectively 27 26
Additional paid-in capital 261,108 258,086
Accumulated other comprehensive loss (61) (14)
Accumulated deficit (331,545) (316,102)
Total stockholders' deficit (70,471) (58,004)
Total liabilities and stockholders' deficit $ 71,099 $ 83,311