v3.26.1
UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 145,321 $ 62,406
Investments, current 76,249 128,605
Accounts and other receivables 22,489 23,258
Prepaid expenses and other current assets 4,794 6,998
Inventories, current 2,449 1,740
Total current assets 251,302 223,007
Investments, noncurrent 38,609 47,879
Inventories, noncurrent 0 879
Property and equipment, net 641 489
Operating lease right-of-use assets 1,667 1,212
Goodwill 4,701 4,701
Intangible assets, net 5,789 6,421
Other long-term assets 3 143
Total assets 302,712 284,731
Current liabilities:    
Accounts payable and accrued expenses 13,962 11,598
Current portion of operating lease liabilities 626 419
Current portion of discount and rebate liabilities 11,777 12,188
Current portion of income tax payable 20,844 13,710
Other current liabilities 1,423 1,362
Total current liabilities 48,632 39,277
Long-term debt 0 61,928
Warrant liability 13,165 9,575
Income tax payable 7,206 7,029
Operating lease liabilities, less current portion 870 859
Discount and rebate liabilities, less current portion 13,100 9,693
Other long-term liabilities 2,087 1,713
Total liabilities 85,060 130,074
Commitments and contingencies (Note M)
Stockholders’ equity:    
Undesignated preferred stock 0 0
Common stock 6 6
Additional paid-in capital 606,264 588,458
Treasury stock, at cost (10,983) (10,983)
Accumulated deficit (375,418) (422,060)
Accumulated other comprehensive loss (2,217) (764)
Total stockholders' equity 217,652 154,657
Total liabilities and stockholders' equity $ 302,712 $ 284,731