Balance Sheets - USD ($) $ in Thousands	Dec. 31, 2025	Dec. 31, 2024
Current assets:
Cash and cash equivalents	$ 129,972	$ 297,263
Prepaid expenses and other current assets	15,353	20,866
Accounts receivable, net	78,129	38,797
Inventory	5,518	3,208
Total current assets	228,972	360,134
Property and equipment, net	1,064	1,476
Operating lease right-of-use assets	2,603	613
Restricted cash	2,861	2,862
Inventory, non-current	20,732	11,540
Other long-term assets	2,917	1,693
Total assets	259,149	378,318
Current liabilities:
Accounts payable	4,983	10,507
Accrued expenses	89,831	53,232
Accrued interest	1,833	1,711
Operating lease liabilities, current	648	501
Current portion of revenue interest financing liability	27,249	19,777
Other current liabilities	7,500
Total current liabilities	132,044	85,728
Long-term debt, net of discount	209,087	201,409
Revenue interest financing liability	350,122	333,261
Operating lease liabilities	2,065
Other long-term liabilities	4,000	11,500
Total liabilities	697,318	631,898
Commitments and contingencies (Note 3)
Stockholders' deficit:
Preferred stock, $0.0001 par value; authorized shares - 40,000,000 at December 31, 2025 and December 31, 2024; no shares issued and outstanding at December 31, 2025 and December 31, 2024
Common stock, $0.0001 par value; authorized shares - 400,000,000 at December 31, 2025 and December 31, 2024; issued and outstanding shares - 71,419,025 and 68,518,238 at December 31, 2025 and December 31, 2024, respectively	6	6
Treasury stock - 19 shares at December 31, 2025 and December 31, 2024	0	0
Additional paid-in capital	1,046,083	1,009,425
Accumulated deficit	(1,484,258)	(1,263,011)
Total stockholders' deficit	(438,169)	(253,580)
Total liabilities and stockholders' deficit	$ 259,149	$ 378,318

Carrying value as of the balance sheet date of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).

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Balance Type:	credit
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- Definition

Carrying value as of the balance sheet date of obligations incurred and payable, pertaining to costs that are statutory in nature, are incurred on contractual obligations, or accumulate over time and for which invoices have not yet been received or will not be rendered. Examples include taxes, interest, rent and utilities. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).