Annual report pursuant to Section 13 and 15(d)

Consolidated and Combined Balance Sheets

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Consolidated and Combined Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2019
Dec. 31, 2018
Current assets:    
Cash and cash equivalents $ 17,740  
Prepaid expenses and other current assets 2,395 $ 2,514
Total current assets 20,135 2,514
Property, plant and equipment, net 4,821 3,982
Right-of-use asset 730  
Intangible assets 26,400 26,400
Goodwill 2,127 2,127
Total assets 54,213 35,023
Current liabilities:    
Accounts payable 271 2,653
Accrued expenses and other current liabilities 3,532 9,773
Current portion of operating lease liability 318  
Current portion of contingent consideration 3,592 10,354
Total current liabilities 7,713 22,780
Long-term operating lease liability 455  
Other long-term liabilities   32
Long-term portion of contingent consideration 62,766 80,558
Total liabilities 70,934 103,370
Commitments and contingencies (Note 11)
Shareholders’ equity:    
Preferred stock, $0.01 par value. Authorized, 10,000,000 shares; none issued and outstanding at December 31, 2019
Parent company net investment   (68,347)
Common stock, $0.01 par value. Authorized, 100,000,000 shares; issued and outstanding, 9,350,709 shares at December 31, 2019 94  
Additional paid-in capital 19,405  
Accumulated deficit (36,220)  
Total shareholders’ equity (deficit) (16,721) (68,347)
Total liabilities and shareholders’ equity $ 54,213 $ 35,023