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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2024
Dec. 31, 2023
Assets    
Cash and cash equivalents $ 84,333 $ 110,643
Restricted cash 1,798 1,804
Investments 252,221 278,344
Trade receivables 60,586 56,950
Inventory, net 29,781 28,683
Prepaid expenses and other current assets 18,381 19,542
Total current assets 447,100 495,966
Property and equipment, net 7,831 7,910
Other assets 12,961 13,084
Total assets 467,892 516,960
Liabilities and Stockholders’ Deficit    
Accounts payable 11,910 20,893
Accrued expenses 79,249 102,882
Operating lease liabilities 1,098 1,058
Finance lease liabilities 1,642 1,590
Royalty financing obligations 26,022 23,565
Total current liabilities 119,921 149,988
Operating lease liabilities 8,596 8,390
Finance lease liabilities 2,506 2,845
Royalty financing obligations 504,552 508,034
Secured term loan 308,484 303,231
Stockholders’ deficit:    
Preferred stock, $0.01 par value; shares authorized - 5,000; no shares issued and outstanding at March 31, 2024 and December 31, 2023 0 0
Common stock, $0.01 par value; shares authorized - 450,000; shares issued and outstanding – 206,347 at March 31, 2024 and 205,771 at December 31, 2023 2,063 2,058
Additional paid-in capital 1,237,537 1,222,236
Accumulated other comprehensive income 771 1,337
Accumulated deficit (1,716,538) (1,681,159)
Total stockholders’ deficit (476,167) (455,528)
Total liabilities and stockholders’ deficit $ 467,892 $ 516,960