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Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2022
Dec. 31, 2021
Assets    
Cash and cash equivalents $ 395,504 $ 504,389
Restricted cash 3,354 3,345
Investments 47,964 3,212
Trade receivables 36,415 29,413
Inventory 16,144 15,791
Prepaid expenses and other current assets 12,333 9,986
Total current assets 511,714 566,136
Property and equipment, net 8,799 8,714
Long-term investments 0 6,829
Other assets 7,207 6,472
Total assets 527,720 588,151
Liabilities and Stockholders’ Deficit    
Accounts payable 13,881 27,808
Accrued expenses 63,584 72,670
Deferred revenue 1,471 1,421
Lease financing obligation 2,081 1,819
Total current liabilities 81,017 103,718
Non-current operating lease liabilities 6,457 5,962
Royalty financing obligations 464,225 449,375
Secured term loan 140,236 136,082
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 – 185,572 as of March 31, 2022 and 184,350 as of December 31, 2021 1,856 1,843
Additional paid-in capital 1,115,443 1,098,498
Accumulated other comprehensive income 186 177
Accumulated deficit (1,281,700) (1,207,504)
Total stockholders’ deficit (164,215) (106,986)
Total liabilities and stockholders’ deficit $ 527,720 $ 588,151