DEBT (Tables)

9 Months Ended

Sep. 30, 2022

Long-Term Debt, Unclassified [Abstract]

Schedule of Long-Term Debt

The following table reflects the Company’s debt as of September 30, 2022 and December 31, 2021 (in thousands):

	September 30, 2022		December 31, 2021
6.5% Senior Convertible Notes due 2027	$	70,000	$	—
13% Senior Secured Notes due 2024	—		70,750
Royalty rights obligation	2,175		2,743
Total principal amount	72,175		73,493
Unamortized debt issuance costs	(4,018)		—
Less: current portion of long-term debt	(2,175)		(12,174)
Net, long-term debt	$	65,982	$	61,319

Schedule of Carrying Values Convertible Notes

The following table reflects the carrying balance of the 2027 Convertible Notes as of September 30, 2022 and December 31, 2021 (in thousands):

	September 30, 2022		December 31, 2021
Principal balance	$	70,000	$	—
Unamortized debt issuance costs	(4,018)		—
Convertible note payable, net	$	65,982	$	—

Schedule of Debt Related Interest

The following table reflects debt related interest included in Interest expense in the Company’s Condensed Consolidated Statements of Comprehensive Income for the three and nine months ended September 30, 2022 and 2021 (in thousands):

	Three Months Ended September 30,				Nine Months Ended September 30,
	2022		2021		2022		2021
Interest payable on 2027 Convertible Notes	$	456	$	—	$	456	$	—
Interest paid on 2024 Secured Notes	1,516		2,454		6,064		7,618
Amortization of debt issuance costs and Royalty Rights	80		41		128		159
Other	—		—		—		6
Total interest expense	$	2,052	$	2,495	$	6,648	$	7,783