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Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2022
Dec. 31, 2021
Assets    
Cash and cash equivalents $ 246,899 $ 504,389
Restricted cash 1,444 3,345
Investments 179,959 3,212
Trade receivables 42,610 29,413
Inventory 27,019 15,791
Prepaid expenses and other current assets 11,070 9,986
Total current assets 509,001 566,136
Property and equipment, net 8,464 8,714
Long-term investments 34,332 6,829
Other assets 6,797 6,472
Total assets 558,594 588,151
Liabilities and Stockholders’ Deficit    
Accounts payable 8,622 27,808
Accrued expenses 69,265 72,670
Deferred revenue 1,554 1,421
Lease financing obligation 2,196 1,819
Total current liabilities 81,637 103,718
Lease financing obligation 5,968 5,962
Royalty financing obligations 489,781 449,375
Secured term loan 223,867 136,082
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 – 186,411 as of September 30, 2022 and 184,350 as of December 31, 2021 1,864 1,843
Additional paid-in capital 1,138,654 1,098,498
Accumulated other comprehensive (loss) income (98) 177
Accumulated deficit (1,383,079) (1,207,504)
Total stockholders’ deficit (242,659) (106,986)
Total liabilities and stockholders’ deficit $ 558,594 $ 588,151