XML 39 R25.htm IDEA: XBRL DOCUMENT v3.22.0.1
Nature of Business and Summary of Significant Accounting Policies (Tables)
 12 Months Ended
Dec. 31, 2021
Accounting Policies [Abstract]  
Schedules of Concentration of Risks
Concentration of customers
The following customers accounted for 10% or more of total net revenue for the years ended December 31, 2021, 2020 and 2019:
Year Ended December 31,
Customers202120202019
%%%
A34%33%34%
B35%34%33%
C28%27%27%
Concentration of suppliers
The following suppliers accounted for 10% or more of inventory purchases for the years ended December 31, 2021, 2020. and 2019.
Year Ended December 31,
Suppliers202120202019
$$$
A15,045 17,429 8,142 
B4,362 3,756 1,755 
C*2,603 11,218 
* Represents less than 10% of inventory purchases.
Summary of Inventories Inventory is composed of the following at December 31:
20212020
Raw Materials & Supplies$3,674 $3,389 
Work-in-process9,926 9,949 
Finished Goods14,291 6,359 
Inventory Reserve(4,180)(2,254)
Total Inventories$23,711 $17,443 
Summary of Useful Lives of Finite Lived Intangible Assets Intangible assets with finite useful lives are amortized over the estimated useful lives as follows:
Estimated
Useful Lives
Licenses15 years
BELBUCA license and distribution rights10 years
Symproic license and distribution rights12 years
ELYXYB product rights15 years
Summary of Black-Scholes Options-Pricing Model Assumptions In applying the Black-Scholes options-pricing model, assumptions are as follows:
202120202019
Expected price volatility
53.70%-59.87%
59.00%-61.76%
61.66%-64.10%
Risk-free interest rate
0.50%-1.38%
0.25%-1.68%
1.36%-2.66%
Weighted average expected life in years6 years6 years6 years
Dividend yield———
Summary of Cash and Cash Equivalents Measured At Fair Value on a Recurring Basis The following table summarizes the cash and cash equivalents measured at fair value on a recurring basis as of December 31, 2021:
Level 1Level 2Level 3Balance at December 31, 2021
Cash and cash equivalents$114,309 — — $114,309