Quarterly report pursuant to Section 13 or 15(d)

CONDENSED BALANCE SHEETS

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CONDENSED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 40,285 $ 24,459
Short-term investments 18,377 33,747
Accounts receivable, net 29,366 40,320
Inventories 11,077 9,118
Prepaid and other current assets 7,867 8,259
Total current assets 106,972 115,903
Property and equipment, net 294 857
Intangible asset, net 14,681 14,949
Operating lease right-of-use asset 1,123 1,930
Other assets 542 640
Total assets 123,612 134,279
Current liabilities:    
Accounts payable 6,295 22,508
Accrued compensation 5,661 8,866
Accrued research and development 6,940 7,708
Revenue reserves and refund liability 14,088 12,145
Other accrued liabilities 5,096 6,485
Lease liabilities, current portion 449 1,133
Deferred revenue 1,369 1,369
Other long-term liabilities, current portion 5,620 4,997
Total current liabilities 45,518 65,211
Long-term portion of lease liabilities 802 972
Loans payable, net of discount 59,484 39,448
Other long-term liabilities 42,065 42,264
Total liabilities 147,869 147,895
Commitments
Stockholders' deficit:    
Preferred stock
Common stock 174 174
Additional paid-in capital 1,371,591 1,368,822
Accumulated other comprehensive loss (27) (153)
Accumulated deficit (1,395,995) (1,382,459)
Total stockholders' deficit (24,257) (13,616)
Total liabilities and stockholders' deficit $ 123,612 $ 134,279