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CONSOLIDATED BALANCE SHEETS - USD ($)
Mar. 31, 2023
Dec. 31, 2022
ASSETS    
Cash and cash equivalents $ 201,249,000 $ 275,138,000
Accounts receivable 27,342,000 12,596,000
Unbilled receivable 1,249,000 1,531,000
Non-cash royalty receivable 2,455,000 3,851,000
Inventory 614,000  
Prepaid and other current assets 10,955,000 11,005,000
Total current assets 243,864,000 304,121,000
Property and equipment, net of accumulated depreciation 4,067,000 4,377,000
Operating lease right-of-use assets 9,627,000 10,231,000
Long-term inventory 16,291,000 16,196,000
Other assets 14,496,000 14,011,000
Total assets 288,345,000 348,936,000
LIABILITIES AND SHAREHOLDERS' EQUITY    
Accounts payable 32,260,000 45,353,000
Accrued compensation 11,780,000 11,111,000
Other accrued liabilities 30,918,000 38,783,000
Current portion of liability related to the sale of future royalties, net of deferred financing costs of $150 and $162, respectively 9,014,000 8,659,000
Current portion of operating lease liability 4,213,000 4,096,000
Current portion of deferred revenue 13,444,000 13,856,000
Total current liabilities 101,629,000 121,858,000
Deferred revenue, net of current portion 34,055,000 36,355,000
Operating lease liability, net of current portion 10,049,000 11,148,000
Liability related to the sale of future royalties, net of current portion and deferred financing costs of $172 and $205, respectively 20,394,000 23,449,000
Other long-term liabilities 300,000 300,000
Total liabilities 166,427,000 193,110,000
Commitments and contingencies (Note L)
Shareholders' equity:    
Preferred stock, $.01 par value; authorized 5,000 shares; no shares issued and outstanding as of each of March 31, 2023 and December 31, 2022, respectively
Common stock, $.01 par value; authorized 600,000 shares; 226,070 and 220,046 shares issued and outstanding as of March 31, 2023 and December 31, 2022, respectively 2,261,000 2,260,000
Additional paid-in capital 1,854,743,000 1,847,638,000
Accumulated deficit (1,735,086,000) (1,694,072,000)
Total shareholders' equity 121,918,000 155,826,000
Total liabilities and shareholders' equity $ 288,345,000 $ 348,936,000