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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 68,603 $ 64,941
Accounts receivable, net 46,466 45,357
Inventories, net 16,226 13,696
Prepaid and other current assets 6,554 8,268
Total current assets 137,849 132,262
Property and equipment, net 544 744
Intangible assets, net 191,712 197,996
Deferred tax asset 81,569 80,202
Other long-term assets 2,600 2,709
Total assets 414,274 413,913
Current liabilities:    
Accounts payable 6,173 5,991
Accrued rebates, returns and discounts 52,313 49,426
Accrued liabilities 10,799 12,181
Long-term debt, current portion 470 470
Contingent consideration, current portion 24,458 26,300
Other current liabilities 332 948
Total current liabilities 94,545 95,316
Long-term debt 38,151 66,403
Contingent consideration 26,600 22,200
Other long-term liabilities 4,314 4,269
Total liabilities 163,610 188,188
Commitments and contingencies (Note 12)
Shareholders’ equity:    
Common stock, $0.0001 par value, 200,000,000 shares authorized; 55,661,866 and 48,319,838 shares issued and outstanding as of March 31, 2023 and December 31, 2022, respectively. 5 5
Additional paid-in capital 573,744 545,321
Accumulated deficit (323,085) (319,601)
Total shareholders’ equity 250,664 225,725
Total liabilities and shareholders' equity $ 414,274 $ 413,913