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Nature of Business and Summary of Significant Accounting Policies (Tables)
12 Months Ended
Dec. 31, 2017
Accounting Policies [Abstract]  
Summary of Company's Customers Accounts Receivable

The following table lists the Company’s customers that individually comprise greater than 10% of total accounts receivable:

 

     December 31,  

Customers

   2017     2016  

Customer A

     47     36

Customer B

     22     28

Customer C

     26     28
  

 

 

   

 

 

 

Total

     95     92
  

 

 

   

 

 

 
Summary of Inventories

Inventory is composed of the following at December 31:

 

     2017      2016  

Raw Materials & Supplies

   $ 1,338      $ 978  

Work-in-process

     3,135        1,660  

Finished Goods

     1,861        730  

Finished Goods Reserve

     (243      —    
  

 

 

    

 

 

 

Total Inventories

   $ 6,091      $ 3,368  
  

 

 

    

 

 

 
Intangible Assets with Finite Useful Lives, Amortized Over Estimated Useful Lives

Intangible assets with finite useful lives are amortized over the estimated useful lives as follows:

 

     Estimated
Useful Lives
  

 

Licenses

   15 years

BELBUCA® license and distribution rights

   10 years

U.S. product rights

   8-12 years

EU product rights

   7-11 years
Black Scholes Options-Pricing Model, Assumptions

In applying the Black-Scholes options-pricing model, assumptions are as follows:

 

     2017    2016    2015

Expected price volatility

   68.76%-78.79%    62.65%-80.78%    73.00%-76.78%

Risk-free interest rate

   1.77%-2.05%    0.56%-1.70%    1.25%-1.68%

Weighted average expected life in years

   6 years    6 years    6 years

Dividend yield

   —      —      —