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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 16,826 $ 6,212
Short-term investments 17,882 34,572
Prepaid expenses and other current assets 2,637 3,252
Total current assets 37,345 44,036
Property and equipment, net 573 315
Operating lease right-of-use assets 507 498
Intangible assets 67,566 60,045
Other assets 11,219 9,584
Total assets 117,210 114,478
Current liabilities:    
Accounts payable 1,759 2,903
Accrued expenses and other current liabilities 5,708 4,375
Total current liabilities 7,467 7,278
Long-term debt 16,989 14,321
Long-term operating lease liabilities 387 394
Long-term contingent consideration 59,147 56,691
Deferred tax liabilities 5,595 4,963
Warrant liabilities 15,144 0
Other long-term liabilities 745 685
Total liabilities 105,474 84,332
Stockholders’ equity:    
Preferred stock, $0.001 par value, 10,000,000 authorized, no shares issued and outstanding as of June 30, 2025 and December 31, 2024, respectively. 0 0
Common stock, $0.001 par value, 250,000,000 shares authorized, 53,624,180 and 44,001,643 issued and outstanding as of June 30, 2025 and December 31, 2024, respectively. 53 44
Additional paid in capital 413,078 406,609
Accumulated other comprehensive income (loss) 6,156 (35)
Accumulated deficit (407,551) (376,472)
Total stockholders’ equity 11,736 30,146
Total liabilities and stockholders’ equity $ 117,210 $ 114,478