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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 76,888 $ 64,941
Accounts receivable, net 62,467 45,357
Inventories, net 42,710 13,696
Prepaid and other current assets 2,895 8,268
Total current assets 184,960 132,262
Property and equipment, net 804 744
Intangible assets, net 170,413 197,996
Goodwill 19,856 0
Deferred tax asset 0 80,202
Other long-term assets 3,995 2,709
Total assets 380,028 413,913
Current liabilities:    
Accounts payable 19,004 5,991
Accrued rebates, returns and discounts 59,424 49,426
Accrued liabilities 22,065 12,181
Long-term debt, current portion 0 470
Contingent consideration, current portion 12,800 26,300
Other current liabilities 996 948
Total current liabilities 114,289 95,316
Long-term debt 38,866 66,403
Contingent consideration 16,100 22,200
Other long-term liabilities 17,900 4,269
Total liabilities 187,155 188,188
Commitments and contingencies (Note 14)
Shareholders’ equity:    
Common stock, $0.0001 par value, 200,000,000 shares authorized; 94,553,009 and 48,319,838 shares issued and outstanding as of September 30, 2023 and December 31, 2022, respectively. 9 5
Additional paid-in capital 787,023 545,321
Accumulated deficit (594,159) (319,601)
Total shareholders’ equity 192,873 225,725
Total liabilities and shareholders' equity $ 380,028 $ 413,913