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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 21,813 $ 20,752
Short-term investments 46,010 54,307
Prepaid expenses and other current assets 2,616 2,381
Total current assets 70,439 77,440
Property and equipment, net 234 234
Operating lease right-of-use assets 576 385
Goodwill 17,245 17,625
Intangible asset 62,253 63,672
Other assets 8,467 8,466
Equity investments in Lighthouse Pharmaceuticals, Inc. 78 78
Total assets 159,292 167,900
Current liabilities:    
Accounts payable 2,070 2,033
Short-term contingent consideration 4,748 4,103
Accrued expenses and other current liabilities 3,020 3,436
Total current liabilities 9,838 9,572
Long-term debt 13,518 13,429
Long-term operating lease liability 480 321
Long-term contingent consideration 55,503 53,603
Deferred tax liabilities 5,177 5,304
Other long-term liabilities 599 587
Total liabilities 85,115 82,816
Commitments and contingencies
Stockholders’ equity:    
Preferred stock, $0.001 par value, 10,000,000 authorized, (100,000 shares of which are designated as Series A Junior Participating Preferred Stock), no shares issued and outstanding as of March 31, 2024 and December 31, 2023, respectively. 0 0
Common stock, $0.001 par value, 100,000,000 shares authorized, 43,215,233 and 42,973,215 issued and outstanding as of March 31, 2024 and December 31, 2023, respectively 43 43
Additional paid in capital 403,102 401,638
Accumulated other comprehensive income 1,825 3,047
Accumulated deficit (330,793) (319,644)
Total stockholders’ equity 74,177 85,084
Total liabilities and stockholders’ equity $ 159,292 $ 167,900