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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents $ 17,376 $ 19,859
Short-term investments 34,631 51,358
Prepaid expenses and other current assets 3,181 6,175
Total current assets 55,188 77,392
Property and equipment, net 486 527
Acquired intangible asset 2,258 2,258
Goodwill 881 881
Right-of-use lease assets 168 296
Other assets 2,097 1,957
Total assets 61,078 83,311
Current liabilities:    
Accounts payable 3,588 5,044
Accrued expenses 7,226 7,633
Lease liabilities 172 258
Total current liabilities 10,986 12,935
Royalty purchase liability 133,065 128,063
Lease liabilities, net of current portion 44
Deferred tax liability 273 273
Total liabilities 144,324 141,315
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; 26,821,589 and 26,458,767 shares issued and outstanding at June 30, 2022 and December 31, 2021, respectively 27 26
Additional paid-in capital 262,940 258,086
Accumulated other comprehensive loss (110) (14)
Accumulated deficit (346,103) (316,102)
Total stockholders' deficit (83,246) (58,004)
Total liabilities and stockholders' deficit $ 61,078 $ 83,311