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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2021
Dec. 31, 2020
Current assets:    
Cash and cash equivalents $ 73,711 $ 168,215
Marketable securities 225,232 205,391
Accounts receivable, net 9,764 3,105
Inventory 14,817 10,461
Prepaid expenses and other current assets 16,893 17,921
Total current assets 340,417 405,093
Property and equipment, net 2,035 2,152
Operating lease assets 16,272 17,305
Intangible assets, net 45,964 47,002
Restricted cash and other assets 2,023 2,021
Total assets 406,711 473,573
Current liabilities:    
Accounts payable 5,357 10,163
Accrued expenses 23,853 28,572
Current portion of operating lease obligation 4,796 4,665
Deferred revenue 5,000  
Total current liabilities 39,006 43,400
Operating lease obligation, net of current portion 14,150 15,409
Related party long-term debt, net of debt discount 215,858 215,670
Other long-term liabilities 20 21
Related party liability related to sale of future royalties 14,646 14,176
Commitments and contingencies
Stockholders’ equity:    
Preferred stock, $0.0001 par value; 5,000 shares authorized; 338 shares issued and outstanding (equivalent to 3,378 shares of common stock upon conversion at a 10:1 ratio) 36,127 36,127
Common stock, $0.0001 par value; 150,000 shares authorized; 101,969 shares and 101,627 shares issued and outstanding, respectively 10 10
Additional paid-in capital 1,145,875 1,137,470
Accumulated other comprehensive income 6 3
Accumulated deficit (1,058,987) (988,713)
Total stockholders’ equity 123,031 184,897
Total liabilities and stockholders’ equity $ 406,711 $ 473,573