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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 238,480 $ 69,767
Short-term investments 56,619 101,079
Accounts receivable, net 14,901 16,801
Inventory 28,545 21,772
Prepaid expenses and other current assets 34,848 25,477
Total current assets 373,393 234,896
Property and equipment, net 84,220 45,126
Goodwill 1,931 2,428
Other intangible asset 1,073 1,153
Long-term investments 7,155 1,961
Other assets 7,426 9,718
Total assets 475,198 295,282
Current liabilities:    
Accounts payable 9,580 11,052
Accrued expenses and other current liabilities 42,036 35,553
Financing liability — current 9,809 9,565
Midcap credit facility - current 20,000  
Liability for sale of future royalties - current 9,756  
Deferred revenue — current 9,085 1,733
Recognized loss on purchase commitments — current 3,859 9,393
Total current liabilities 104,125 67,296
Mann Group convertible note 8,829 8,829
Accrued interest - Mann Group convertible note 56 55
Financing liability — long term 94,319 94,512
Midcap credit facility - long term 13,019 39,264
Senior convertible notes 226,851 225,397
Liability for sale of future royalties - long term 136,054  
Recognized loss on purchase commitments — long term 60,942 62,916
Operating lease liability 3,925 5,343
Deferred revenue — long term 69,794 37,684
Milestone liabilities 3,452 4,524
Total liabilities 721,366 545,820
Commitments and contingencies (Note 16)
Stockholders' deficit:    
Undesignated preferred stock, $0.01 par value - 10,000,000 shares authorized; no shares issued or outstanding at December 31, 2023 and 2022
Common stock, $0.01 par value - 800,000,000 and 400,000,000 shares authorized as of December 31, 2023 and 2022, respectively, and 270,034,495 and 263,793,305 shares issued and outstanding as of December 31, 2023 and 2022, respectively 2,700 2,638
Additional paid-in capital 2,980,539 2,964,293
Accumulated deficit (3,229,407) (3,217,469)
Total stockholders' deficit (246,168) (250,538)
Total liabilities and stockholders' deficit $ 475,198 $ 295,282