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UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 113,374 $ 51,870
Inventories 19,732 16,243
Accounts receivable, net 61,538 34,368
Prepaid expenses and other current assets 9,138 11,350
Total current assets 203,782 113,831
Property and equipment, net 1,904 2,200
Operating right-of-use assets 7,114 8,218
Goodwill 59,044 59,044
Other long-term assets 38,341 37,377
Total assets 310,185 220,670
Current liabilities:    
Accounts payable 12,658 15,180
Accrued expenses and other current liabilities 71,337 63,460
Current portion of deferred revenue 1,241 0
Working Capital Fund liability, current portion 5,991 2,274
Total current liabilities 91,227 80,914
Long-term operating lease liabilities 2,123 3,547
Long-term debt, net 46,511 38,693
Liability related to settlement royalties, net of current portion 47,440 46,697
Liability related to sale of future royalties, net of current portion 51,549 52,066
Working Capital Fund liability, net of current portion 34,420 38,013
Warrant liability 7,220 5,176
Other long-term liabilities 5,114 4,749
Total liabilities 285,604 269,855
Commitments and contingencies (Note 10)
Stockholders' equity (deficit):    
Preferred stock $0.00001 par value, 25,000,000 shares authorized; no shares issued and    outstanding at March 31, 2025 and December 31, 2024 0 0
Common stock $0.00001 par value; 350,000,000 shares authorized at March 31, 2025 and December 31, 2024; 261,644,590 and 224,848,992 shares issued and outstanding at March 31, 2025 and December 31, 2024, respectively 2 2
Additional paid-in capital 1,696,821 1,629,167
Accumulated other comprehensive income 6 6
Accumulated deficit (1,672,248) (1,678,360)
Total stockholders' equity (deficit) 24,581 (49,185)
Total liabilities and stockholders' equity (deficit) $ 310,185 $ 220,670