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Summary of Significant Accounting Policies (Tables)
12 Months Ended
Dec. 31, 2021
Accounting Policies [Abstract]  
Reconciliation of Cash, Cash Equivalents and Restricted Cash

The following table provides a reconciliation of cash, cash equivalents, and restricted cash reported within the statement of financial position that sum to the total of the same amounts shown in the statement of cash flows:

 

 

 

December 31, 2021

 

 

December 31, 2020

 

(In thousands)

 

Beginning of period

 

 

End of period

 

 

Beginning of period

 

 

End of period

 

Cash and cash equivalents

 

$

71,369

 

 

$

45,634

 

 

$

62,085

 

 

$

71,369

 

Restricted cash

 

 

12,917

 

 

 

13,400

 

 

 

12,836

 

 

 

12,917

 

Restricted cash-non current

 

 

18,609

 

 

 

6,189

 

 

 

30,270

 

 

 

18,609

 

Total Cash, cash equivalents and restricted cash per statement of cash flows

 

$

102,895

 

 

$

65,223

 

 

$

105,191

 

 

$

102,895

 

Schedule of Major Classes of Inventory

The following table provides the major classes of inventory:

 

(In thousands)

 

December 31, 2021

 

 

December 31, 2020

 

Raw materials

 

$

3,338

 

 

$

3,434

 

Work-in-progress

 

 

 

 

 

6,602

 

Finished goods

 

 

15,210

 

 

 

18,641

 

Total

 

$

18,548

 

 

$

28,677

 

Disaggregation of Revenue

The following table disaggregates the Company’s revenues by major source (in thousands):

 

 

 

Year ended December 31,

 

 

Year ended December 31,

 

(In thousands)

 

2021

 

 

2020

 

Revenues:

 

 

 

 

 

 

 

 

Net product revenues:

 

 

 

 

 

 

 

 

Ampyra

 

$

84,555

 

 

$

98,887

 

Inbrija

 

 

29,634

 

 

 

24,233

 

Other

 

 

 

 

 

1,711

 

Total net product revenues

 

 

114,189

 

 

 

124,831

 

Milestone revenues

 

 

 

 

 

15,000

 

Royalty revenues

 

 

14,882

 

 

 

13,136

 

Total net revenues

 

$

129,071

 

 

$

152,967

 

Summary of Allowance for Cash Discounts

(in thousands)

 

Cash

discounts

 

Balance at December 31, 2019

 

$

412

 

Allowances for sales

 

$

954

 

Actual credits

 

$

(791

)

Balance at December 31, 2020

 

$

575

 

Allowances for sales

 

 

1,992

 

Actual credits

 

 

(1,787

)

Balance at December 31, 2021

 

$

780