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Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2022
Dec. 31, 2021
Assets    
Cash and cash equivalents $ 272,571 $ 504,389
Restricted cash 1,448 3,345
Investments 144,912 3,212
Trade receivables 41,491 29,413
Inventory 23,378 15,791
Prepaid expenses and other current assets 11,053 9,986
Total current assets 494,853 566,136
Property and equipment, net 8,702 8,714
Long-term investments 0 6,829
Other assets 6,983 6,472
Total assets 510,538 588,151
Liabilities and Stockholders’ Deficit    
Accounts payable 12,024 27,808
Accrued expenses 79,711 72,670
Deferred revenue 1,521 1,421
Lease financing obligation 2,134 1,819
Total current liabilities 95,390 103,718
Lease financing obligation 6,198 5,962
Royalty financing obligations 477,666 449,375
Secured term loan 144,516 136,082
Stockholders’ equity:    
Preferred stock, $0.01 par value; shares authorized - 5,000; no shares issued and outstanding 0 0
Common stock, $0.01 par value; shares authorized - 450,000; shares issued and outstanding – 185,876 as of June 30, 2022 and 184,350 as of December 31, 2021 1,859 1,843
Additional paid-in capital 1,125,453 1,098,498
Accumulated other comprehensive income 15 177
Accumulated deficit (1,340,559) (1,207,504)
Total stockholders’ deficit (213,232) (106,986)
Total liabilities and stockholders’ deficit $ 510,538 $ 588,151