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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents $ 48,338 $ 46,668
Short-term investments 323  
Accounts receivable, net 5,927 8,610
Inventory, net 8,299 6,281
Prepaid expenses and other current assets 3,474 5,756
Total current assets 66,361 67,315
Goodwill 20,123 20,123
Intangible assets, net 12,545 13,321
Right-of-use lease assets 232 318
Property and equipment, net 65 113
Restricted cash 40 40
Total assets 99,366 101,230
Current liabilities:    
Accounts payable 2,125 2,278
Accrued expenses and other current liabilities 5,666 4,866
Accrued interest expense on deferred royalty obligation, current portion 5,696 5,163
Deferred revenue 2,849 2,849
Paycheck Protection Program loan   2,325
Lease liabilities, current portion 157 154
Total current liabilities 16,493 17,635
Deferred royalty obligation, net 124,536 124,503
Accrued interest expense on deferred royalty obligation, less current portion 26,794 24,590
Lease liabilities, less current portion 75 164
Fair value of contingent value rights 936 1,076
Total liabilities 168,834 167,968
Commitments and contingencies (Note 8)
Stockholders’ deficit:    
Common Stock, $0.0001 par value; 100,000,000 shares authorized, 24,950,487 and 26,783,544 shares issued and outstanding at June 30, 2022 and December 31, 2021, respectively 3 3
Additional paid-in capital 981,254 986,444
Accumulated deficit (1,054,632) (1,057,092)
Total stockholders’ deficit (69,468) (66,738)
Total liabilities and stockholders’ deficit 99,366 101,230
Series C-1 Convertible Preferred Stock    
Stockholders’ deficit:    
Series C-12 Convertible Preferred Stock, $0.0001 par value; 11,000 shares authorized, 3,906.5192257295 shares issued and outstanding at June 30, 2022 and December 31, 2021; and liquidation preference of $3,907 at June 30, 2022 and December 31, 2021 $ 3,907 $ 3,907