Certain Balance Sheet Accounts

3 Months Ended

Mar. 31, 2020

Receivables [Abstract]

Certain Balance Sheet Accounts

Note 3—Certain Balance Sheet Accounts

Accounts Receivable, net

Accounts receivable, net consist of the following:

	March 31,		December 31,
	2020		2019
	(In thousands)
Trade receivables, net	$	24,011	$	35,074
Sublease and other receivables		106		111
Total accounts receivables, net	$	24,117	$	35,185

Trade receivables are shown net of $4.1 million and $1.6 million of chargeback and product return allowances as of March 31, 2020 and December 31, 2019, respectively.

Inventory

Inventory consists of the following:

	March 31,		December 31,
	2020		2019
	(In thousands)
Raw materials	$	91	$	91
Work-in-progress		394		338
Finished goods		726		718
Total inventory	$	1,211	$	1,147

Property and Equipment, Net

Property and equipment, net consists of the following:

	March 31,		December 31,
	2020		2019
	(In thousands)
Finance leases	$	5,496	$	5,474
Laboratory equipment		2,750		2,844
Computer equipment		921		921
Office equipment and furniture		625		625
Total cost		9,792		9,864
Less accumulated depreciation and amortization		(6,437)		(6,035)
Total property and equipment, net	$	3,355	$	3,829

For both the three months ended March 31, 2020 and 2019, depreciation and amortization expenses were $0.4 million.

Accrued Expenses

Accrued expenses consist of the following:

	March 31,		December 31,
	2020		2019
	(In thousands)
Contract research and development	$	19,318	$	24,107
Sales rebates, fees and discounts		8,785		10,870
Interest payable		4,921		1,640
Consulting and professional fees		3,337		3,610
Employee compensation		2,772		3,546
Clinical trials		1,468		1,982
Other accrued expenses		778		872
Total accrued expenses	$	41,379	$	46,627