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Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2023
Dec. 31, 2022
Assets    
Cash and cash equivalents $ 146,215 $ 304,767
Restricted cash 1,574 1,472
Investments 264,455 119,543
Trade receivables 57,667 50,599
Inventory, net 27,033 27,533
Prepaid expenses and other current assets 14,112 12,586
Total current assets 511,056 516,500
Property and equipment, net 8,438 8,617
Long-term investments 3,445 18,077
Other assets 6,946 6,806
Total assets 529,885 550,000
Liabilities and Stockholders’ Deficit    
Accounts payable 13,889 14,356
Accrued expenses 75,300 87,565
Deferred revenue 1,779 1,224
Lease financing obligation 2,530 2,369
Total current liabilities 93,498 105,514
Lease financing obligation 5,803 5,804
Royalty financing obligations 526,121 501,655
Secured term loans 293,176 231,624
Stockholders’ deficit:    
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 – 189,491 as of June 30, 2023 and 187,906 as of December 31, 2022 1,895 1,879
Additional paid-in capital 1,191,981 1,158,118
Accumulated other comprehensive income 690 26
Accumulated deficit (1,583,279) (1,454,620)
Total stockholders’ deficit (388,713) (294,597)
Total liabilities and stockholders’ deficit $ 529,885 $ 550,000