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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents $ 44,169 $ 46,668
Short-term investments 390  
Accounts receivable, net 5,729 8,610
Inventory, net 7,113 6,281
Prepaid expenses and other current assets 5,518 5,756
Total current assets 62,919 67,315
Goodwill 20,123 20,123
Intangible assets, net 12,933 13,321
Right-of-use lease assets 275 318
Property and equipment, net 88 113
Restricted cash 40 40
Total assets 96,378 101,230
Current liabilities:    
Accounts payable 2,789 2,278
Accrued expenses 4,297 4,866
Accrued interest expense on deferred royalty obligation, current portion 5,957 5,163
Deferred revenue 2,849 2,849
Paycheck Protection Program loan   2,325
Lease liabilities, current portion 156 154
Total current liabilities 16,048 17,635
Deferred royalty obligation, net 124,519 124,503
Accrued interest expense on deferred royalty obligation, less current portion 25,262 24,590
Lease liabilities, less current portion 120 164
Fair value of contingent value rights 923 1,076
Total liabilities 166,872 167,968
Commitments and contingencies (Note 8)
Stockholders’ deficit:    
Common Stock, $0.0001 par value; 100,000,000 shares authorized, 25,663,667 and 26,783,544 shares issued and outstanding at March 31, 2022 and December 31, 2021, respectively 3 3
Additional paid-in capital 982,687 986,445
Accumulated deficit (1,057,090) (1,057,092)
Total stockholders’ deficit (70,494) (66,738)
Total liabilities and stockholders’ deficit 96,378 101,230
Series C-1 Convertible Preferred Stock    
Stockholders’ deficit:    
Series C-12 Convertible Preferred Stock, $0.0001 par value; 11,000 shares authorized, 3,906 shares issued and outstanding at March 31, 2022 and December 31, 2021; and liquidation preference of $3,906 at March 31, 2022 and December 31, 2021 $ 3,906 $ 3,906