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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents $ 28,003 $ 31,340
Short-term investments 123,716 125,201
Accounts receivable 23,994 3,267
Inventory 5,565 1,513
Prepaid expenses and other current assets 8,947 5,271
Total current assets 190,225 166,592
Restricted cash equivalents 100,000 100,000
Long-term investments 0 4,983
Property and equipment, net 914 981
Operating lease right-of-use assets 1,431 1,569
Intangible assets, net 58,954 18,740
Other assets 1,382 1,786
Total assets 352,906 294,651
Current liabilities:    
Accounts payable 8,690 9,166
Accrued expenses 54,018 30,723
Operating lease liabilities 931 711
Derivative liability 1,090 1,996
Total current liabilities 64,729 42,596
Revenue interest liability, net 140,351 129,923
Operating lease liabilities, noncurrent 1,257 1,903
Other liabilities 4,532 17
Total liabilities 210,869 174,439
Commitments and contingencies
Stockholders’ equity:    
Preferred stock, $0.0001 par value; 10,000,000 shares authorized as of December 31, 2022 and 2021; no shares issued and outstanding as of December 31, 2022 and 2021; and liquidation value of zero as of December 31, 2022 and 2021 0 0
Common stock, $0.0001 par value; 200,000,000 shares authorized; 36,956,345 shares issued and outstanding, excluding zero shares subject to repurchase as of December 31, 2022; and 30,705,060 shares issued and 30,582,596 shares outstanding, excluding 122,464 shares subject to repurchase as of December 31, 2021 4 3
Additional paid-in capital 535,074 377,403
Accumulated deficit (392,824) (257,159)
Accumulated other comprehensive income (loss) (217) (35)
Total stockholders’ equity 142,037 120,212
Total liabilities and stockholders’ equity $ 352,906 $ 294,651