Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Operations and Comprehensive Loss

v3.22.0.1
Consolidated Statements of Operations and Comprehensive Loss - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Revenues:    
Revenues $ 5,398 $ 6,699
Operating expenses:    
Cost of product sales 1,491 300
Research and development 59,835 32,193
Acquired in-process research and development, including transaction costs 0 25,549
General and administrative 21,832 17,418
Sales and marketing 2,826 2,341
Amortization expense 1,548 1,741
Total operating expenses 87,532 79,542
Loss from continuing operations (82,134) (72,843)
Other (expense) income:    
Change in fair value of Investment in Aytu 0 5,208
Other (expense) income, net (20) 409
Interest (expense) income, net (2,391) 49
Total other (expense) income, net from continuing operations (2,411) 5,666
Loss from continuing operations before income taxes (84,545) (67,177)
Income tax benefit (196) (2,793)
Loss from continuing operations (84,349) (64,384)
(Loss) income from discontinued operations (27) 884
Net loss $ (84,376) $ (63,500)
Common stock    
Net (loss) income per share of common stock, basic and diluted:    
Basic net loss per share, continuing operations (in dollars per share) $ (0.83) $ (0.87)
Diluted net loss per share, continuing operations (in dollars per share) (0.83) (0.87)
Basic net loss per share, discontinued operations (in dollars per share) (0.00) 0.01
Diluted net loss per share, discontinued operations (in dollars per share) (0.00) 0.01
Net income (loss) per share of common stock, basic (in dollars per share) (0.83) (0.86)
Net income (loss) per share of common stock, diluted (in dollars per share) (0.83) (0.86)
Preferred Stock    
Net (loss) income per share of common stock, basic and diluted:    
Basic net loss per share, continuing operations (in dollars per share) (4.15) (4.38)
Diluted net loss per share, continuing operations (in dollars per share) (4.15) (4.38)
Basic net loss per share, discontinued operations (in dollars per share) 0.00 0.06
Diluted net loss per share, discontinued operations (in dollars per share) 0.00 0.06
Net income (loss) per share of common stock, basic (in dollars per share) (4.15) (4.32)
Net income (loss) per share of common stock, diluted (in dollars per share) $ (4.15) $ (4.32)
Product revenue, net    
Revenues:    
Revenues $ 4,773 $ 6,699
License revenue    
Revenues:    
Revenues $ 625 $ 0