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Consolidated Balance Sheets - USD ($)
Dec. 31, 2023
Dec. 31, 2022
Current Assets    
Cash and cash equivalents $ 67,449,000 $ 121,966,000
Short-term investments 5,002,000 0
Trade accounts receivable, net 39,197,000 30,830,000
Inventory 38,838,000 24,735,000
Prepaid expenses and other current assets 5,778,000 9,287,000
Total current assets 156,264,000 186,818,000
Property and equipment, net 5,971,000 5,516,000
Operating lease right-of-use assets 23,204,000 3,992,000
Goodwill 22,859,000 22,859,000
Other assets 109,764,000 120,607,000
Other assets 4,540,000 4,730,000
Total assets 322,602,000 344,522,000
Current Liabilities    
Accounts payable 11,565,000 4,606,000
Current operating lease liabilities 3,495,000 1,580,000
Other accrued liabilities 23,510,000 36,786,000
Accrued trade discounts and rebates 22,149,000 16,818,000
Accrued returns reserve 14,198,000 11,173,000
Current portion of contingent value rights 19,109,000 0
Other current liabilities 1,167,000 2,658,000
Total current liabilities 95,193,000 73,621,000
Long-term debt, net of unamortized debt issuance costs 190,932,000 187,075,000
Non-current operating lease liabilities 34,764,000 9,402,000
Non-current contingent value rights 1,379,000 25,688,000
Deferred tax liabilities 2,268,000 3,518,000
Other liabilities 4,848,000 31,000
Total liabilities 329,384,000 299,335,000
Commitments and contingencies (Note 18)
Stockholders' Equity    
Preferred stock—par value $0.0001, 25,000,000 shares and 25,000,000 shares authorized and no shares issued and outstanding as of December 31, 2023 and December 31, 2022, respectively 0 0
Common stock—par value $0.0001, 350,000,000 shares and 350,000,000 shares authorized as of December 31, 2023 and December 31, 2022, respectively; 138,130,715 and 136,273,090 shares issued and outstanding as of December 31, 2023 and December 31, 2022, respectively 14,000 14,000
Additional paid in capital 610,254,000 599,966,000
Accumulated deficit (617,025,000) (554,770,000)
Accumulated other comprehensive loss (25,000) (23,000)
Total stockholders’ equity (deficit) (6,782,000) 45,187,000
Total liabilities and stockholders’ equity (deficit) $ 322,602,000 $ 344,522,000