Quarterly report pursuant to Section 13 or 15(d)

CONDENSED BALANCE SHEETS

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CONDENSED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 25,574 $ 32,786
Short-term investments 23,976 24,147
Accounts receivable, net 27,512 30,550
Inventories 6,579 5,522
Prepaid and other current assets 8,845 6,261
Total current assets 92,486 99,266
Property and equipment, net 140 165
Intangible asset, net 28,863 13,878
Operating lease right-of-use asset 712 861
Other assets 4,318 3,055
Total assets 126,519 117,225
Current liabilities:    
Accounts payable 9,276 7,142
Accrued compensation 5,246 8,676
Accrued research and development 4,127 3,513
Acquisition-related liabilities 15,222  
Revenue reserves and refund liability 16,045 15,684
Loans payable, net, current portion 14,780 7,229
Other accrued liabilities 5,435 5,334
Lease liabilities, current portion 709 692
Deferred revenue 1,355 1,355
Other long-term liabilities, current portion 1,003 3,642
Total current liabilities 73,198 53,267
Long-term portion of lease liabilities 100 285
Long-term portion of loans payable, net 44,910 52,373
Other long-term liabilities 39,982 39,944
Total liabilities 158,190 145,869
Commitments
Stockholders' deficit:    
Preferred stock
Common stock 175 175
Additional paid-in capital 1,383,956 1,378,723
Accumulated other comprehensive (loss) income (5) 8
Accumulated deficit (1,415,797) (1,407,550)
Total stockholders' deficit (31,671) (28,644)
Total liabilities and stockholders' deficit $ 126,519 $ 117,225