Quarterly report pursuant to Section 13 or 15(d)

Consolidated Balance Sheets

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Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2021
Dec. 31, 2020
Current assets:    
Cash and cash equivalents $ 30,690 $ 30,342
Short-term investments 7,495  
Accounts receivable, net 163 51
Inventory, net 2,773 2,978
Prepaid expenses and other current assets 2,569 3,346
Total current assets 43,690 36,717
Property, plant and equipment, net 5,039 5,052
Intangible assets, net 23,610 24,254
Goodwill 2,127 2,127
Other long-term assets 520 583
Total assets 74,986 68,733
Current liabilities:    
Accounts payable 1,140 3,653
Accrued expenses and other current liabilities 4,680 5,326
Current portion of long-term debt, net 1,196 683
Current portion of contingent consideration 7,107 8,467
Total current liabilities 14,123 18,129
Long-term debt, net 8,185 8,469
Warrant liability 83 65
Long-term portion of contingent consideration 53,348 56,576
Other long-term liabilities 241 293
Total liabilities 75,980 83,532
Commitments and contingencies (Note 12)
Shareholders’ equity:    
Preferred stock, $0.01 par value. Authorized, 10,000,000 shares; none issued and outstanding
Common stock, $0.01 par value. Authorized, 100,000,000 shares; issued and outstanding, 70,142,608 shares at March 31, 2021 and 48,688,480 shares at December 31, 2020 701 487
Additional paid-in capital 127,537 97,034
Accumulated deficit (129,232) (112,320)
Total shareholders’ equity (deficit) (994) (14,799)
Total liabilities and shareholders’ equity $ 74,986 $ 68,733