v3.25.1
Condensed Consolidated Balance Sheets (unaudited) - USD ($)
$ in Thousands
Mar. 31, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 169,758 $ 176,479
Accounts receivable, net 1,247 2,719
Inventory 1,349 241
Prepaid expenses and other current assets 4,851 5,666
Total current assets 177,205 185,105
Property, plant and equipment, net 8,484 8,298
Operating lease right-of-use assets, net 4,132 4,187
Indemnification asset, related party 7,877 7,460
Contract acquisition costs, net 7,178 7,286
Intangible asset, net 3,108 3,156
Goodwill 3,903 3,903
Other assets 15,542 10,918
Total assets 227,429 230,313
Current liabilities:    
Accounts payable 8,675 4,689
Accrued expenses and other current liabilities 13,841 18,659
Long-term debt, current 37,625 18,016
Operating and finance lease liabilities, current 377 417
Total current liabilities 60,518 41,781
Litigation finance payable 7,535 7,300
Long-term debt, noncurrent 103,182 95,268
Operating and finance lease liabilities, noncurrent 6,481 6,586
Total liabilities 177,716 150,935
Commitments and contingencies (Note 13)
Stockholders' equity:    
Preferred stock - 10,000,000 shares authorized, none outstanding 0 0
Common stock - $0.001 par value, 115,000,000 shares authorized as of March 31, 2025 and December 31, 2024, respectively, 85,298,941 and 84,683,063 shares issued and outstanding as of March 31, 2025 and December 31, 2024, respectively 85 85
Additional paid-in capital 645,384 636,682
Accumulated deficit (595,756) (557,389)
Total stockholders' equity 49,713 79,378
Total liabilities and stockholders' equity $ 227,429 $ 230,313