Annual report pursuant to Section 13 and 15(d)

BALANCE SHEETS

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BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 32,786 $ 24,459
Short-term investments 24,147 33,747
Accounts receivable, net 30,550 40,320
Inventories 5,522 9,118
Prepaid and other current assets 6,261 8,259
Total current assets 99,266 115,903
Property and equipment, net 165 857
Intangible asset, net 13,878 14,949
Operating lease right-of-use asset 861 1,930
Other assets 3,055 640
Total assets 117,225 134,279
Current liabilities:    
Accounts payable 7,142 22,508
Accrued compensation 8,676 8,866
Accrued research and development 3,513 7,708
Revenue reserves and refund liability 15,684 12,145
Other accrued liabilities 5,334 6,485
Lease liabilities, current portion 692 1,133
Deferred revenue 1,355 1,369
Loans payable, net, current portion 7,229  
Other long-term liabilities, current portion 3,642 4,997
Total current liabilities 53,267 65,211
Long-term portion of lease liabilities 285 972
Long-term portion of loans payable, net of discount 52,373 39,448
Other long-term liabilities 39,944 42,264
Total liabilities 145,869 147,895
Commitments
Stockholders' deficit:    
Preferred stock, $0.001 par value; 10,000,000 shares authorized; none issued and outstanding as of December 31, 2023 and 2022
Common stock, $0.001 par value; 400,000,000 shares authorized; 174,825,610 and 173,398,645 shares issued and outstanding as of December 31, 2023 and 2022, respectively 175 174
Additional paid-in capital 1,378,723 1,368,822
Accumulated other comprehensive income (loss) 8 (153)
Accumulated deficit (1,407,550) (1,382,459)
Total stockholders' deficit (28,644) (13,616)
Total liabilities and stockholders' deficit $ 117,225 $ 134,279