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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2022
Dec. 31, 2021
ASSETS    
Cash and cash equivalents $ 304,767 $ 504,389
Restricted cash 1,472 3,345
Investments 119,543 3,212
Trade receivables 50,599 29,413
Inventory, net 27,533 15,791
Prepaid expenses and other current assets 12,586 9,986
Total current assets 516,500 566,136
Property and equipment, net 8,617 8,714
Long-term investments 18,077 6,829
Other assets 6,806 6,472
Total assets 550,000 588,151
LIABILITIES AND STOCKHOLDERS’ DEFICIT    
Accounts payable 14,356 27,808
Accrued expenses 87,565 72,670
Deferred revenue 1,224 1,421
Lease financing obligation 2,369 1,819
Total current liabilities 105,514 103,718
Lease financing obligation 5,804 5,962
Royalty financing obligations 501,655 449,375
Secured term loan 231,624 136,082
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 – 187,906 and 184,350 at December 31, 2022 and 2021, respectively 1,879 1,843
Additional paid-in capital 1,158,118 1,098,498
Accumulated other comprehensive income 26 177
Accumulated deficit (1,454,620) (1,207,504)
Total stockholders’ deficit (294,597) (106,986)
Total liabilities and stockholders’ deficit $ 550,000 $ 588,151