XML 10 R2.htm IDEA: XBRL DOCUMENT v3.23.1
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 49,419 $ 28,003
Short-term investments 82,654 123,716
Accounts receivable 24,661 23,994
Inventory 6,613 5,565
Prepaid expenses and other current assets 8,987 8,947
Total current assets 172,334 190,225
Restricted cash equivalents 100,000 100,000
Property and equipment, net 877 914
Operating lease right-of-use assets 1,287 1,431
Intangible assets, net 57,695 58,954
Other assets 1,337 1,382
Total assets 333,530 352,906
Current liabilities:    
Accounts payable 6,440 8,690
Accrued expenses 40,399 54,018
Operating lease liabilities 914 931
Derivative liability 1,090 1,090
Total current liabilities 48,843 64,729
Revenue interest liability, net 141,710 140,351
Operating lease liabilities, noncurrent 1,055 1,257
Other liabilities 772 4,532
Total liabilities 192,380 210,869
Commitments and contingencies
Stockholders’ equity:    
Preferred stock, $0.0001 par value; 10,000,000 shares authorized, and no shares issued and outstanding as of March 31, 2023 and December 31, 2022, respectively 0 0
Common stock, $0.0001 par value; 200,000,000 shares authorized; 38,012,247 shares issued and outstanding as of March 31, 2023; and 36,956,345 shares issued and outstanding as of December 31, 2022 4 4
Additional paid-in capital 563,964 535,074
Accumulated deficit (422,954) (392,824)
Accumulated other comprehensive income (loss) 136 (217)
Total stockholders’ equity 141,150 142,037
Total liabilities and stockholders’ equity $ 333,530 $ 352,906