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Condensed Consolidated Balance Sheets - USD ($)
Dec. 31, 2019
Dec. 31, 2018
Current Assets    
Cash and cash equivalents $ 62,332,000 $ 43,008,000
Accounts receivable, net of $59,946 and $47,705 of adjustments for chargebacks and other allowances at December 31, 2019 and 2018, respectively 72,129,000 64,842,000
Inventories, net 48,163,000 40,503,000
Prepaid income taxes, net 1,076,000 0
Prepaid expenses and other current assets 3,995,000 4,524,000
Total Current Assets 187,695,000 152,877,000
Property and equipment, net 40,551,000 38,090,000
Restricted cash 5,029,000 5,021,000
Deferred tax assets, net of deferred tax liabilities and valuation allowance 38,326,000 27,964,000
Intangible assets, net 180,388,000 201,604,000
Goodwill 3,580,000 3,580,000
Other non-current assets 1,220,000 1,468,000
Total Assets 456,789,000 430,604,000
Current Liabilities    
Current component of Term Loan and Delayed Draw Term Loan, net of deferred financing costs 9,941,000 3,256,000
Convertible Notes, net of discount and deferred financing costs 0 112,463,000
Accounts payable 14,606,000 8,884,000
Accrued expenses and other 2,362,000 1,707,000
Accrued royalties 5,084,000 8,456,000
Accrued compensation and related expenses 3,736,000 3,524,000
Current income taxes payable, net 0 5,022,000
Accrued government rebates 8,901,000 8,974,000
Returned goods reserve 16,595,000 12,552,000
Deferred revenue 451,000 711,000
Total Current Liabilities 61,676,000 165,549,000
Non-current Liabilities    
Term Loan and Delayed Draw Term Loan, net of deferred financing costs and current component 175,808,000 67,296,000
Other non-current liabilities 6,514,000 496,000
Total Liabilities 243,998,000 233,341,000
Commitments and Contingencies (Note 12)
Stockholders' Equity    
Common Stock, $0.0001 par value, 33,333,334 shares authorized; 12,104,875 shares issued and 12,089,565 outstanding at December 31, 2019; 11,862,508 shares issued and 11,851,329 shares outstanding at December 31, 2018 1,000 1,000
Class C Special Stock, $0.0001 par value, 781,281 shares authorized; 10,864 shares issued and outstanding at December 31, 2019 and 2018, respectively 0 0
Preferred Stock, $0.0001 par value, 1,666,667 shares authorized; 0 shares issued and outstanding at December 31, 2019 and 2018, respectively 0 0
Treasury stock, 15,310 shares of common stock, at cost, at December 31, 2019 and 11,179 shares of common stock, at cost, at December 31, 2018 (723,000) (659,000)
Additional paid-in capital 200,800,000 186,812,000
Retained earnings 17,584,000 11,488,000
Accumulated other comprehensive loss, net of tax (4,871,000) (379,000)
Total Stockholders' Equity 212,791,000 197,263,000
Total Liabilities and Stockholders' Equity $ 456,789,000 $ 430,604,000