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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2023
Dec. 31, 2022
Current Assets:    
Cash and cash equivalents $ 18,257 $ 4,266
Short-Term Investments 0 27,331
Restricted cash 0 50
Refundable PDUFA fee 0 3,242
Prepaid expenses and other current assets 3,372 3,646
Total current assets 21,629 38,535
Property and equipment, net 71 438
Acquired intangible asset 2,258 2,258
Goodwill 881 881
Right-of-use lease assets 1,212 43
Other assets 90 1,881
Total Assets 26,141 44,036
Current Liabilities:    
Accounts payable 1,375 3,581
Accrued expenses 3,449 9,754
Lease liabilities, current 133 44
Total current liabilities 4,957 13,379
Royalty purchase liability 151,049 139,635
Lease liabilities, net of current portion 1,117 0
Deferred tax liability 203 203
Total liabilities 157,326 153,217
Commitments (Note 9)
Stockholders’ Equity:    
Preferred stock, $0.001 par value: 10,000,000 shares authorized; no shares issued and outstanding. 0 0
Common stock, $0.001 par value: 200,000,000 shares authorized; 54,392,170 and 28,510,066 shares issued and outstanding at December 31, 2023 and December 31, 2022, respectively 54 28
Additional paid-in capital 306,167 269,137
Accumulated other comprehensive loss 0 (22)
Accumulated deficit (437,406) (378,324)
Total stockholders’ equity (131,185) (109,181)
Total liabilities and stockholders' equity $ 26,141 $ 44,036