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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2021
Dec. 31, 2020
Current assets:    
Cash and cash equivalents $ 38,634 $ 21,221
Accounts receivable, net 4,153 5,834
Inventory, net 5,374 6,013
Prepaid expenses and other current assets 6,104 3,388
Total current assets 54,265 36,456
Goodwill 20,123 20,123
Intangible assets, net 14,485 14,873
Right-of-use lease assets 490 536
Property and equipment, net 186 215
Restricted cash 40 40
Total assets 89,589 72,243
Current liabilities:    
Accounts payable 1,098 2,762
Accrued expenses 8,721 6,494
Accrued payroll and related expenses 1,693 2,878
Lease liabilities, current portion 196 204
Total current liabilities 11,708 12,338
Deferred royalty obligation, net 124,453 124,437
Accrued interest expense on deferred royalty obligation, less current portion 20,884 19,111
Lease liabilities, less current portion 294 332
Other noncurrent liabilities 4,568 4,112
Total liabilities 161,907 160,330
Commitments and contingencies (Note 6)
Shareholders’ deficit:    
Common Stock, $0.0001 par value; 100,000,000 shares authorized, 27,448,571 and 27,402,648 shares issued and outstanding at March 31, 2021 and December 31, 2020, respectively 3 3
Additional paid-in capital 986,107 984,756
Accumulated deficit (1,062,334) (1,076,752)
Total shareholders’ deficit (72,318) (88,087)
Total liabilities and shareholders’ deficit 89,589 72,243
Series C-1 Convertible Preferred Stock    
Shareholders’ deficit:    
Series C-12 Convertible Preferred Stock, $0.0001 par value; 11,000 shares authorized, 3,906 shares issued and outstanding at March 31, 2021 and December 31, 2020; and liquidation preference of $3,906 at March 31, 2021 and December 31, 2020 $ 3,906 $ 3,906