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Income Taxes (Tables)
12 Months Ended
Dec. 31, 2022
Income Taxes  
Schedule of provision for income taxes

Year Ended December 31, 

    

2022

    

2021

2020

Federal

$

10,011

$

6,487

$

(6,416)

State

 

9,573

 

2,852

 

4,198

Valuation allowance

 

(96,366)

 

(6,508)

 

2,218

$

(76,782)

$

2,831

$

Current

$

9,161

$

2,831

$

Deferred

 

10,423

 

6,508

 

(2,218)

Valuation allowance

 

(96,366)

 

(6,508)

 

2,218

Total

$

(76,782)

$

2,831

$

Schedule of difference between statutory federal income tax rate

Year Ended December 31, 

    

2022

    

2021

 

2020

Federal income tax rate

 

21.0

%  

21.0

%

21.0

%

Stock-based compensation

(4.9)

(2.3)

State taxes

 

(14.1)

 

6.4

(11.4)

Credits

(4.8)

Other

 

(0.3)

 

(0.2)

(3.6)

Valuation allowance

 

(70.2)

 

(17.3)

(6.0)

Total

 

(73.3)

%  

7.6

%

%

Schedule of significant components of company's deferred tax assets and liabilities

    

As of December 31, 

2022

    

2021

Assets

    

Liabilities

Assets

    

Liabilities

Acquired in-process research and development

$

45,938

$

$

42,460

$

Net operating loss carryforward

 

6,370

 

 

29,739

 

Accrued compensation

 

11,551

 

 

6,285

 

Credits

 

 

 

168

 

Disallowed interest

 

 

 

7,635

 

Lease obligations, net

 

71

 

 

123

 

Fixed assets

 

115

 

 

124

 

Inventory

 

6,781

 

 

6,294

 

Accrued rebates

7,118

4,564

Research and development

8,802

Other

 

15

 

818

 

70

 

1,096

Total

$

86,761

 

818

$

97,462

 

1,096

Net deferred tax asset

$

85,943

$

$

96,366

$

Valuation allowance

$

$

$

(96,366)

$

Total

$

85,943

$

$

$

Schedule of change in valuation allowance for deferred tax assets

Year Ended December 31, 

    

2022

    

2021

2020

Valuation allowance at the beginning of the year

$

(96,366)

$

(102,874)

$

(100,656)

Decreases recorded as a benefit to income tax provision

 

96,366

 

6,508

 

Increases recorded to income tax provision

(2,218)

Valuation allowance at the end of the year

$

$

(96,366)

$

(102,874)