v3.25.2
Condensed Consolidated Balance Sheets (unaudited) - USD ($)
$ in Thousands
Jun. 30, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 173,422 $ 176,479
Accounts receivable, net 9,968 2,719
Inventory 6,444 241
Prepaid expenses and other current assets 5,749 5,666
Total current assets 195,583 185,105
Property, plant and equipment, net 9,540 8,298
Operating lease right-of-use assets, net 4,075 4,187
Indemnification asset, related party 8,284 7,460
Contract acquisition costs, net 7,049 7,286
Intangible asset, net 3,052 3,156
Goodwill 3,903 3,903
Restricted cash 3,504  
Other assets 22,420 10,918
Total assets 257,410 230,313
Current liabilities:    
Accounts payable 11,346 4,689
Accrued expenses and other current liabilities 22,522 18,659
Long-term debt, current 44,140 18,016
Operating and finance lease liabilities, current 402 417
Total current liabilities 78,410 41,781
Litigation finance payable 7,970 7,300
Long-term debt, noncurrent 149,470 95,268
Operating and finance lease liabilities, noncurrent 6,371 6,586
Total liabilities 242,221 150,935
Commitments and contingencies (Note 12)
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 June 30, 2025 and December 31, 2024, respectively, 85,860,949 and 84,683,063 shares issued and outstanding as of June 30, 2025 and December 31, 2024, respectively 86 85
Additional paid-in capital 652,438 636,682
Accumulated deficit (637,335) (557,389)
Total stockholders' equity 15,189 79,378
Total liabilities and stockholders' equity $ 257,410 $ 230,313