Balance Sheet Details

6 Months Ended

Jun. 30, 2022

Organization Consolidation And Presentation Of Financial Statements [Abstract]

Balance Sheet Account Details

4.  Balance Sheet Details

Restricted Cash

Restricted cash as of June 30, 2022 and December 31, 2021 consisted of a $40,000 security deposit for the Company’s corporate purchasing credit card.

Inventory, Net

Inventory, net consisted of the following (in thousands):

	June 30,		December 31,
	2022		2021
Raw materials	$	1,180	$	802
Work-in-process		4,954		3,844
Finished goods		2,165		1,635
Total inventory, net	$	8,299	$	6,281

As of June 30, 2022, and December 31, 2021, total inventory is recorded net of inventory reserves of $1.3 million and $0.8 million, respectively.

Prepaid Expenses and Other Current Assets 

	June 30,		December 31,
	2022		2021
Refundable withholding tax	$	2,335	$	3,375
Prepaid regulatory filing fees		277		831
Prepaid manufacturing costs		191		113
Prepaid insurance		133		473
Other prepaid expenses and current assets		538		964
Total prepaid expenses and other current assets	$	3,474	$	5,756

Prepaid expenses and other current assets consisted of the following (in thousands):

Property and Equipment, Net

Property and equipment, net consisted of the following (in thousands):

	June 30,			December 31,
	2022			2021
Computer hardware	$	319		$	319
Furniture and fixtures		309			309
Software		203			203
Total property and equipment, gross		831			831
Accumulated depreciation and amortization		(766	)		(718	)
Total property and equipment, net	$	65		$	113

Intangible Assets, Net

Intangible assets, net consisted of the following (in thousands):

	Useful Life	June 30,			December 31,
	(years)	2022			2021
Technology	10	$	14,000		$	14,000
Trade name	10		1,520			1,520
Total intangible assets, gross			15,520			15,520
Accumulated amortization			(2,975	)		(2,199	)
Total intangible assets, net		$	12,545		$	13,321

The Company recorded amortization expense of $0.4 million and $0.8 million for the three and six months ended June 30, 2022, respectively. The Company recorded amortization expense of $0.4 million and $0.8 million for the three and six months ended June 30, 2021, respectively. The estimated aggregate amortization expense for each of the 5 succeeding years is $1.6 million.

Accrued Expenses and Other Current Liabilities

Accrued expenses and other consisted of the following (in thousands):

	June 30,		December 31,
	2022		2021
Accrued payroll and related expenses	$	1,678	$	1,991
Accrued royalties and in-license fees		1,140		1,299
Accrued professional fees		956		410
Accrued manufacturing costs		471		232
Securities sold, not yet purchased		301		-
Accrued other		1,120		934
Total accrued expenses and other current liabilities	$	5,666	$	4,866