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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 73,441 $ 64,941
Accounts receivable, net 47,663 45,357
Inventories, net 37,686 13,696
Prepaid and other current assets 12,272 8,268
Total current assets 171,062 132,262
Property and equipment, net 770 744
Intangible assets, net 111,332 197,996
Deferred tax asset 0 80,202
Other long-term assets 3,255 2,709
Total assets 286,419 413,913
Current liabilities:    
Accounts payable 13,439 5,991
Accrued rebates, returns and discounts 58,137 49,426
Accrued liabilities 18,213 12,181
Long-term debt, current portion 0 470
Contingent consideration, current portion 2,700 26,300
Other current liabilities 954 948
Total current liabilities 93,443 95,316
Long-term debt 38,514 66,403
Contingent consideration 0 22,200
Other long-term liabilities 16,459 4,269
Total liabilities 148,416 188,188
Commitments and contingencies (Note 15)
Shareholders’ equity:    
Common stock, $0.0001 par value, 200,000,000 shares authorized; 94,668,523 and 48,319,838 shares issued and outstanding as of December 31, 2023 and 2022, respectively 9 5
Additional paid-in capital 789,537 545,321
Accumulated deficit (651,543) (319,601)
Total shareholders’ equity 138,003 225,725
Total liabilities and shareholders' equity $ 286,419 $ 413,913