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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Operating Activities    
Net income (loss) $ 2,773 $ (7,697)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:    
Stock-based compensation 915 601
Depreciation and amortization 178 242
Non-cash interest expense and other 10 1,687
Changes in operating assets and liabilities:    
Royalty receivable 2,500 550
Prepaid expenses and other current assets (841) 296
Operating lease right-of-use asset 103 278
Accounts payable, accrued compensation and other liabilities (909) (798)
Long-term operating lease liability (163) (276)
Net cash provided by (used in) operating activities 4,566 (5,117)
Financing Activities    
Payments of long-term debt, including fees (3,467) (10,767)
Repayments under liability related to sale of royalties   (3,665)
Value of equity awards withheld for tax liability (8) (4)
Proceeds from milestones related to sale of royalties   10,000
Transaction costs for milestones related to sale of royalties   (500)
Proceeds from issuance of common stock 1,602  
Net cash used in financing activities (1,873) (4,936)
Increase (decrease) in cash, cash equivalents, and restricted cash 2,693 (10,053)
Cash, cash equivalents, and restricted cash at beginning of period 22,635 46,303
Cash, cash equivalents, and restricted cash at end of period $ 25,328 $ 36,250