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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
Sep. 30, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 28,805,000 $ 32,699,000
Accounts receivable 1,190,000 530,000
Prepaid expenses and other current assets 1,578,000 1,991,000
Total current assets 31,573,000 35,220,000
Property, plant, and equipment, net 12,910,000 15,775,000
Operating lease right-of-use assets 34,432,000 21,685,000
Intangible assets, net 34,036,000 35,411,000
Goodwill 253,466,000 434,898,000
Other non-current assets 1,457,000 1,422,000
Total assets 367,874,000 544,411,000
Current liabilities:    
Accounts payable 7,023,000 6,127,000
Accrued expenses 3,323,000 1,747,000
Accrued compensation 3,229,000 3,858,000
Deferred revenue 1,082,000 1,210,000
Current portion of notes payable 337,000 833,000
Current portion of financing lease obligations 110,000 187,000
Current portion of operating lease obligations 4,150,000 5,927,000
Class A common stock warrants 2,661,000 1,418,000
Other current liabilities 3,000 16,000
Total current liabilities 21,918,000 21,323,000
Notes payable, net of current portion 291,000 536,000
Financing lease obligations, net of current portion 0 113,000
Operating lease obligations, net of current portion 31,851,000 17,025,000
Royalty liability - related parties 191,205,000 165,252,000
Other non-current liabilities 1,728,000 1,868,000
Total liabilities 246,993,000 206,117,000
Commitments and contingencies (See Note 9)
Redeemable noncontrolling interest 12,741,000 44,824,000
Stockholders’ equity:    
Additional paid-in capital 818,210,000 775,017,000
Class A common stock in treasury, at cost; 45,177 shares as of September 30, 2024, and 32,663 shares as of December 31, 2023 (1,999,000) (1,785,000)
Accumulated deficit (708,064,000) (479,778,000)
Accumulated other comprehensive income (loss) (15,000) 8,000
Total stockholders’ equity 108,140,000 293,470,000
Total liabilities, redeemable noncontrolling interest, and stockholders’ equity 367,874,000 544,411,000
Class A Common Stock    
Stockholders’ equity:    
Common stock 8,000 8,000
Class B Common Stock    
Stockholders’ equity:    
Common stock $ 0 $ 0