XML 25 R4.htm IDEA: XBRL DOCUMENT v3.22.2.2
Condensed Consolidated Statements of Operations and Comprehensive Income (Loss) (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Net revenues        
Total revenues $ 4,135 $ 10,622 $ 13,846 $ 16,479
Cost of revenues (excluding amortization of acquired intangible assets)        
Research and development 20,351 23,765 67,373 63,666
Selling, general and administrative 14,907 21,644 46,941 58,133
Change in fair value of contingent consideration liability (33,243) (48,549) (73,441) (17,845)
Amortization of acquired intangible assets 553 553 1,640 1,640
Total operating expenses 9,781 (276) 56,931 110,587
(Loss) income from operations (5,646) 10,898 (43,085) (94,108)
Other income (expense):        
Interest income 108 55 155 324
Interest expense   (843)   (2,412)
Change in fair value of warrant liabilities 9,333 39,937 31,613 2,258
Change in fair value of debt (291)   (291)  
Other income (expense), net 1,278 (109) 1,366 (2,140)
Total other income (expense) 10,428 39,040 32,843 (1,970)
Income (loss) before income taxes 4,782 49,938 (10,242) (96,078)
Income tax benefit (17)      
Net income (loss) 4,799 49,938 (10,242) (96,078)
Change in fair value of debt due to change in credit risk, net of tax 236   236  
Other comprehensive income 236   236  
Comprehensive income (loss) $ 5,035 $ 49,938 $ (10,006) $ (96,078)
Net income (loss) per share - basic $ 0.03 $ 0.47 $ (0.07) $ (2.00)
Weighted average shares outstanding - basic 142,676,953 106,369,910 137,787,645 48,071,685
Net income (loss) per share - diluted $ 0.03 $ 0.40 $ (0.07) $ (2.00)
Weighted average shares outstanding - diluted 150,546,268 123,582,822 137,787,645 48,071,685
Product Sales and Rentals        
Net revenues        
Total revenues $ 1,041 $ 849 $ 2,920 $ 2,734
Cost of revenues (excluding amortization of acquired intangible assets)        
Cost of revenues 812 638 1,711 2,025
Services        
Net revenues        
Total revenues 1,405 1,343 4,061 4,204
Cost of revenues (excluding amortization of acquired intangible assets)        
Cost of revenues 899 923 3,112 2,218
License, Royalty and Other        
Net revenues        
Total revenues 1,689 8,430 6,865 9,541
Cost of revenues (excluding amortization of acquired intangible assets)        
Cost of revenues $ 5,502 $ 750 $ 9,595 $ 750