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Condensed Consolidated Statements of Operations and Comprehensive Income (Loss) (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Net revenues        
Total revenues $ 2,938 $ 3,776 $ 6,873 $ 9,711
Cost of revenues (excluding amortization of acquired intangible assets)        
Research and development 8,604 25,349 25,555 47,022
Software cease-use costs 243   23,918  
Selling, general and administrative 12,826 15,574 26,760 32,034
Change in fair value of contingent consideration liability (85,407) (45,047) (104,339) (40,198)
Goodwill impairment 0 0 29,633 0
IPR&D impairment 107,800 0 107,800 0
Amortization of acquired intangible assets 546 546 1,087 1,087
Total operating expenses 45,414 (399) 113,219 47,150
(Loss) income from operations (42,476) 4,175 (106,346) (37,439)
Other income (expense):        
Interest income 66 41 182 47
Interest expense (1,104) 0 (1,381) 0
Change in fair value of warrant liabilities (134) 43,212 1,601 22,280
Change in fair value of debt (1,077) 0 (2,357) 0
Other income (expense), net (3,224) 415 (3,665) 88
Total other income (expense) (5,473) 43,668 (5,620) 22,415
(Loss) income before income taxes (47,949) 47,843 (111,966) (15,024)
Income tax expense 0 17 0 17
Net (loss) income (47,949) 47,826 (111,966) (15,041)
Change in fair value of debt due to change in credit risk, net of tax (269) 0 2,389 0
Other comprehensive (loss) income (269) 0 2,389 0
Comprehensive (loss) income $ (48,218) $ 47,826 $ (109,577) $ (15,041)
Net (loss) income per share - basic $ (0.27) $ 0.34 $ (0.67) $ (0.11)
Weighted average shares outstanding - basic 176,563,980 140,152,245 166,023,075 135,302,472
Net (loss) income per share - diluted $ (0.27) $ 0.32 $ (0.67) $ (0.11)
Weighted average shares outstanding - diluted 176,563,980 151,311,780 166,023,075 135,302,472
Product Sales and Rentals        
Net revenues        
Total revenues $ 906 $ 1,228 $ 1,949 $ 1,879
Cost of revenues (excluding amortization of acquired intangible assets)        
Cost of revenues 207 425 929 899
Services        
Net revenues        
Total revenues 1,278 1,373 2,635 2,656
Cost of revenues (excluding amortization of acquired intangible assets)        
Cost of revenues 485 1,265 957 2,213
Licenses, Royalties and Other        
Net revenues        
Total revenues 754 1,175 2,289 5,176
Cost of revenues (excluding amortization of acquired intangible assets)        
Cost of revenues $ 110 $ 1,489 $ 919 $ 4,093