v3.25.2
Condensed Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 60,536 $ 71,546
Trade and other receivables, net 11,864 7,344
Inventories 8,125 6,044
Prepaid expenses and other current assets 1,196 3,286
Total current assets 81,721 88,220
Property and equipment, net 3,858 3,799
Right-of-use assets, net 4,911 5,182
Other non-current assets 3,208 4,223
Total assets 93,698 101,424
Current liabilities:    
Accounts payable 11,951 10,287
Accrued expenses 5,001 5,907
Lease liabilities, current 570 510
Deferred revenue, current 1,092 1,048
Liability related to the sale of future revenue, current 1,000 1,000
Royalty obligations, current 364 87
Loans payable, current 3,177 26
Total current liabilities 23,155 18,865
Notes payable, net 31,843 32,500
Royalty obligations, net 22,711 20,129
Liability related to the sale of future revenue, net 61,924 62,718
Lease liabilities 4,668 4,968
Deferred revenue, net of current portion 19,935 20,005
Other non-current liabilities 2,052 2,395
Total liabilities 166,288 161,580
Contingencies (Note 20)
Stockholders’ deficit:    
Common stock, $0.001 par value. Authorized $250,000,000 shares; 99,353,270 and 91,413,742 shares issued and outstanding at June 30, 2025 and December 31, 2024, respectively 99 91
Additional paid-in capital 327,003 302,967
Accumulated deficit (399,692) (363,214)
Total stockholders’ deficit (72,590) (60,156)
Total liabilities and stockholders’ deficit $ 93,698 $ 101,424