v3.25.3
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Operating activities    
Net loss $ (100,253) $ (256,909)
Adjustments to reconcile net loss to net cash used in operating activities:    
Royalty liability interest expense - related parties 26,075 25,953
Goodwill impairment 20,950 181,432
Depreciation and amortization 4,629 5,211
Stock-based compensation 6,363 8,030
Loss on disposal of assets 84 0
Change in fair value of liability classified Class A common stock warrants (467) (8,908)
Other 45 (16)
Changes in operating assets and liabilities:    
Accounts receivable 437 (660)
Prepaid expenses and other current assets 659 412
Accounts payable 210 838
Accrued expenses 3,511 1,304
Accrued compensation (674) (628)
Deferred revenue (5) (133)
Right-of-use assets and lease obligations, net 1,130 302
Other assets and liabilities, net 135 (276)
Net cash used in operating activities (37,171) (44,048)
Investing activities    
Purchases of property, plant, and equipment (492) (752)
Net cash used in investing activities (492) (752)
Financing activities    
Proceeds from issuances of securities 50,100 43,902
Costs incurred related to issuances of securities (2,202) (1,869)
Payment of taxes related to restricted stock units withheld from employees (71) (214)
Repayments of financing lease obligations (113) (174)
Repayments of notes payable (608) (741)
Net cash provided by financing activities 47,106 40,904
Effect of exchange rate changes on cash and cash equivalents 10 2
Net increase (decrease) in cash and cash equivalents 9,453 (3,894)
Cash and cash equivalents – beginning of period 14,433 32,699
Cash and cash equivalents – end of period $ 23,886 $ 28,805