Annual report [Section 13 and 15(d), not S-K Item 405]

BALANCE SHEETS

v3.25.0.1
BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 56,746 $ 32,786
Short-term investments 20,575 24,147
Accounts receivable, net 41,615 30,550
Inventories 6,002 5,522
Prepaid and other current assets 10,165 6,261
Total current assets 135,103 99,266
Property and equipment, net 92 165
Intangible assets, net 27,100 13,878
Operating lease right-of-use asset 246 861
Other assets 1,435 3,055
Total assets 163,976 117,225
Current liabilities:    
Accounts payable 3,339 7,142
Accrued compensation 10,139 8,676
Accrued research and development 4,073 3,513
Revenue reserves and refund liability 26,440 15,684
Loans payable, net, current portion 7,272 7,229
Other accrued liabilities 10,396 5,334
Deferred revenue 1,355 1,355
Lease liabilities, current portion 285 692
Other long-term liabilities, current portion   3,642
Total current liabilities 63,299 53,267
Acquisition-related liabilities 5,000  
Long-term portion of lease liabilities   285
Long-term portion of loans payable, net 52,408 52,373
Other long-term liabilities 39,981 39,944
Total liabilities 160,688 145,869
Commitments
Stockholders' equity (deficit):    
Preferred stock, $0.001 par value; 10,000,000 shares authorized; none issued and outstanding as of December 31, 2024 and 2023
Common stock, $0.001 par value; 400,000,000 shares authorized; 17,710,216 and 17,482,513 shares issued and outstanding as of December 31, 2024 and 2023, respectively 18 17
Additional paid-in capital 1,393,325 1,378,881
Accumulated other comprehensive income 10 8
Accumulated deficit (1,390,065) (1,407,550)
Total stockholders' equity (deficit) 3,288 (28,644)
Total liabilities and stockholders' equity (deficit) $ 163,976 $ 117,225