Quarterly report pursuant to Section 13 or 15(d)

CONDENSED BALANCE SHEETS

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CONDENSED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 48,812 $ 24,459
Short-term investments 15,545 33,747
Accounts receivable, net 20,819 40,320
Inventories 10,782 9,118
Prepaid and other current assets 4,967 8,259
Total current assets 100,925 115,903
Property and equipment, net 215 857
Intangible asset, net 14,413 14,949
Operating lease right-of-use asset 997 1,930
Other assets 541 640
Total assets 117,091 134,279
Current liabilities:    
Accounts payable 5,240 22,508
Accrued compensation 6,739 8,866
Accrued research and development 5,826 7,708
Revenue reserves and refund liability 13,684 12,145
Other accrued liabilities 5,013 6,485
Lease liabilities, current portion 466 1,133
Deferred revenue 1,355 1,369
Other long-term liabilities, current portion 5,700 4,997
Total current liabilities 44,023 65,211
Long-term portion of lease liabilities 628 972
Loans payable, net of discount 59,574 39,448
Other long-term liabilities 40,981 42,264
Total liabilities 145,206 147,895
Commitments
Stockholders' deficit:    
Preferred stock
Common stock 175 174
Additional paid-in capital 1,374,330 1,368,822
Accumulated other comprehensive loss (25) (153)
Accumulated deficit (1,402,595) (1,382,459)
Total stockholders' deficit (28,115) (13,616)
Total liabilities and stockholders' deficit $ 117,091 $ 134,279