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Condensed Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 129,063 $ 71,546
Trade and other receivables, net 11,801 7,344
Inventories 7,884 6,044
Prepaid expenses and other current assets 2,925 3,286
Total current assets 151,673 88,220
Property and equipment, net 3,918 3,799
Right-of-use assets, net 4,769 5,182
Other non-current assets 3,199 4,223
Total assets 163,559 101,424
Current liabilities:    
Accounts payable 10,865 10,287
Accrued expenses 5,128 5,907
Lease liabilities, current 601 510
Deferred revenue, current 1,092 1,048
Liability related to the sale of future revenue, current 1,000 1,000
Royalty obligations, current 561 87
Loans payable, current 6,327 26
Total current liabilities 25,574 18,865
Notes payable, net 29,940 32,500
Royalty obligations, net 23,948 20,129
Liability related to the sale of future revenue, net 61,977 62,718
Lease liabilities 4,508 4,968
Deferred revenue, net of current portion 19,663 20,005
Other non-current liabilities 2,058 2,395
Total liabilities 167,668 161,580
Contingencies (Note 20)
Stockholders’ deficit:    
Common stock, $0.001 par value. Authorized $250,000,000 shares; 121,658,113 and 91,413,742 shares issued and outstanding at September 30, 2025 and December 31, 2024, respectively 121 91
Additional paid-in capital 410,908 302,967
Accumulated deficit (415,138) (363,214)
Total stockholders’ deficit (4,109) (60,156)
Total liabilities and stockholders’ deficit $ 163,559 $ 101,424