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UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income (loss) $ 21,503 $ (38,647)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation 200 194
Intangible amortization 9,208 3,693
Stock-based and employee stock purchase compensation expense 7,208 797
Stock appreciation rights market adjustment (130) 139
Warrant expense   1,584
Debt issuance costs amortization 1,361 680
Loss on debt extinguishment   22,639
Change in operating assets and liabilities:    
Trade receivables (9,019) (10,984)
Inventory (1,128) (995)
Prepaid expenses and other assets (622) (2,987)
Other non-current assets   789
Trade payables (550) (4,287)
Accrued expenses and other current liabilities 2,606 5,456
Other non-current liabilities (37) 59
Net cash provided by (used in) operating activities 30,600 (21,870)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchase of property and equipment (205) (2)
Milestone and acquisition of intangible asset (100,000)  
Net cash used in investing activities (100,205) (2)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from long term debt   200,000
Debt issuance costs   (5,804)
Extinguishment of debt   (102,538)
Extinguishment of debt exit fees   (18,047)
Proceeds from exercised options 660 251
Repurchase of common stock   (167)
Net cash provided by financing activities 660 73,695
NET (DECREASE) INCREASE IN CASH, CASH EQUIVALENTS, AND RESTRICTED CASH (68,945) 51,823
CASH, CASH EQUIVALENTS, AND RESTRICTED CASH—Beginning of period 229,381 25,207
CASH, CASH EQUIVALENTS, AND RESTRICTED CASH—End of period 160,436 77,030
Supplemental Disclosure of Cash Flow Information:    
Cash paid during the year for interest 13,092 12,698
Cash paid during the year for milestones $ 100,000  
Supplemental Disclosures of Noncash Investing and Financing Activities:    
Warrant financing   2,359
Series A Convertible Preferred Stock    
Supplemental Disclosures of Noncash Investing and Financing Activities:    
Preferred Stock accrued return   17,688
Accretion of issuance costs   1,551
Series B Convertible Preferred Stock    
Supplemental Disclosures of Noncash Investing and Financing Activities:    
Preferred Stock accrued return   604
Accretion of issuance costs   12
Series C Convertible Preferred Stock    
Supplemental Disclosures of Noncash Investing and Financing Activities:    
Preferred Stock accrued return   2,599
Accretion of issuance costs   $ 280