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UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2021
Dec. 31, 2020
CURRENT ASSETS:    
Cash and cash equivalents $ 141,169 $ 228,631
Trade receivables, net 23,615 22,176
Inventory, net 4,405 3,823
Prepaid expenses 7,089 6,959
Other current assets 1,466 1,302
Total current assets 177,744 262,891
NONCURRENT ASSETS:    
Property and equipment, net 842 938
Restricted cash 750 750
Intangible assets, net 157,764 162,343
Other noncurrent assets 152 152
Total noncurrent assets 159,508 164,183
TOTAL ASSETS 337,252 427,074
CURRENT LIABILITIES:    
Trade payables 4,391 2,556
Accrued compensation 4,523 8,942
Accrued expenses 24,261 122,727
Other current liabilities 262 314
Total current liabilities 33,437 134,539
NONCURRENT LIABILITIES:    
Deferred rent 192 212
Long term debt, net 194,913 194,250
Other noncurrent liabilities 831 893
Total noncurrent liabilities 195,936 195,355
TOTAL LIABILITIES 229,373 329,894
COMMITMENTS AND CONTINGENCIES (Note 9)
STOCKHOLDERS’ EQUITY:    
Preferred stock - $0.00001 par value; 10,000,000 shares and 0 shares authorized at March 31, 2021 and December 31, 2020, respectively; 0 shares issued and outstanding at March 31, 2021 and December 31, 2020, respectively
Common stock—$0.00001 par value; 500,000,000 shares authorized at March 31, 2021 and December 31, 2020, respectively; 56,892,406 shares and 56,890,569 issued and outstanding at March 31, 2021 and December 31, 2020, respectively 1 1
Additional paid in capital 588,687 585,374
Accumulated deficit (480,809) (488,195)
TOTAL STOCKHOLDERS’ EQUITY 107,879 97,180
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 337,252 $ 427,074