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Composition of Certain Balance Sheet Items
3 Months Ended
Mar. 31, 2020
Balance Sheet Related Disclosures [Abstract]  
Composition of certain balance sheet items Composition of Certain Balance Sheet Items
Inventory
March 31,
2020
December 31,
2019
 (in thousands)
Raw materials$—  $1,389  
Work in progress10,024  10,086  
Finished goods6,123  5,930  
Total inventory16,147  17,405  
Less strategic inventory classified as non-current(11,063) (11,981) 
Total inventory classified as current$5,084  $5,424  
Because we rely on a single manufacturer for the active pharmaceutical ingredient (“API”) for Korlym, we have purchased and hold significant quantities of API. We classify inventory we do not expect to sell within 12 months of the balance sheet date as “Strategic Inventory,” a long-term asset. 
Property and Equipment
March 31,
2020
December 31,
2019
(in thousands)
Furniture and equipment$304  $304  
Software1,609  1,541  
Leasehold improvements533  533  
2,446  2,378  
Less accumulated depreciation(1,566) (1,328) 
$880  $1,050  
Accrued and other liabilities
March 31,
2020
December 31,
2019
 (in thousands)
Government rebates$9,275  $8,209  
Income taxes payable4,210  472  
Accrued compensation3,837  12,331  
Accrued selling and marketing costs707  491  
Legal fees697  1,087  
Professional fees421  367  
Accrued manufacturing costs180  33  
Other263  279  
Total accrued and other liabilities$19,590  $23,269