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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Operating activities:    
Net income / (loss) $ 12,837 $ (6,052)
Adjustments to reconcile net loss to net cash used in operating activities:    
Amortization of Norgine asset 723 52
Amortization of debt access fees 4 20
Amortization of debt discount 16  
Unrealized loss on securities 11 30
PIK interest 398  
Stock-based compensation - employees 1,191 1,089
Changes in operating assets and liabilities:    
Accounts receivables (1,460) (138)
Prepaid expenses (1,913) 131
Inventory 92 (342)
Other current assets (133)  
Accounts payable 1,426 557
Accrued liabilities 609 (924)
Contract liability - Norgine 25,246  
Net cash used in operating activities 39,047 (5,577)
Financing activities:    
Issuance of shares, options exercise 627 213
Cash paid for taxes on restricted share release (19) (20)
Deferred issuance costs (1,740)  
Net cash provided by financing activities (1,132) 193
Increase/(decrease) in cash and cash equivalents 37,915 (5,384)
Cash and cash equivalents - Beginning of period 13,269 23,774
Cash and cash equivalents - End of period $ 51,184 18,390
Non-cash investing and financing activities:    
Financed insurance policy   $ 221