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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2021
Dec. 31, 2020
ASSETS    
Cash and cash equivalents $ 504,389 $ 272,127
Restricted cash 3,345 2,221
Investments 3,212 28,239
Trade receivables 29,413 8,646
Inventory 15,791 7,039
Prepaid expenses and other current assets 9,986 5,528
Total current assets 566,136 323,800
Property and equipment, net 8,714 7,113
Long-term investments 6,829  
Other assets 6,472 3,802
Total assets 588,151 334,715
LIABILITIES AND STOCKHOLDERS’ DEFICIT    
Accounts payable 27,808 18,713
Accrued expenses 72,670 33,942
Interest payable   21,670
Deferred revenue 1,421 150
Lease financing obligation 1,819 1,179
Non-recourse notes payable   30,000
Total current liabilities 103,718 105,654
Royalty financing obligations 449,375 124,717
Non-current operating lease liabilities 5,962 3,871
Secured term loan 136,082 119,735
Stockholders’ deficit:    
Preferred stock, $0.01 par value; shares authorized — 5,000; no shares outstanding 0 0
Common stock, $0.01 par value; shares authorized — 450,000 Issued and outstanding – 184,350 and 176,883 at December 31, 2021 and 2020, respectively 1,843 1,769
Additional paid-in capital 1,098,498 1,002,408
Accumulated other comprehensive income 177 3
Accumulated deficit (1,207,504) (1,023,442)
Total stockholders’ deficit (106,986) (19,262)
Total liabilities and stockholders’ deficit $ 588,151 $ 334,715