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Product Revenue Reserves and Allowances (Tables)
12 Months Ended
Dec. 31, 2022
Revenue from Contract with Customer [Abstract]  
Disaggregation of Revenue

Net product revenues by product for the years ended December 31, 2022 and 2021 were as follows (in thousands):

 

 

 

Year Ended

 

 

Year Ended

 

 

 

December 31,

 

 

December 31,

 

 

 

2022

 

 

2021

 

YUTIQ (A)

 

$

28,329

 

 

$

16,959

 

DEXYCU (B)

 

 

11,576

 

 

 

18,353

 

Total product sales, net

 

$

39,905

 

 

$

35,312

 

 

(A)
Included approximately $343 and $25 of revenue from YUTIQ product sales to Ocumension Therapeutics under a supply agreement for the years ended December 31, 2022 and 2021, respectively.
(B)
Included approximately $20 and $283 of revenue from DEXYCU product sales to Ocumension Therapeutics under a supply agreement for the years ended December 31, 2022 and 2021, respectively.
Product Revenue Allowance and Reserves

The following table summarizes activity in each of the product revenue allowance and reserve categories for the years ended December 31, 2022 and 2021 (in thousands):

 

 

 

Chargebacks,
Discounts
and Fees

 

 

Government
and Other
Rebates

 

 

Returns

 

 

Total

 

Beginning balance at January 1, 2022

 

$

1,153

 

 

$

1,821

 

 

$

379

 

 

$

3,353

 

Provision related to sales in the current year

 

 

10,970

 

 

 

5,520

 

 

 

816

 

 

 

17,306

 

Adjustments related to prior period sales

 

 

 

 

 

 

 

 

 

 

 

 

Deductions applied and payments made

 

 

(11,264

)

 

 

(7,183

)

 

 

(324

)

 

 

(18,771

)

Ending balance at December 31, 2022

 

$

859

 

 

$

158

 

 

$

871

 

 

$

1,888

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Chargebacks,
Discounts
and Fees

 

 

Government
and Other
Rebates

 

 

Returns

 

 

Total

 

Beginning balance at January 1, 2021

 

$

574

 

 

$

535

 

 

$

603

 

 

$

1,712

 

Provision related to sales in the current year

 

 

7,274

 

 

 

5,337

 

 

 

785

 

 

 

13,396

 

Adjustments related to prior period sales

 

 

(50

)

 

 

(22

)

 

 

(200

)

 

 

(272

)

Deductions applied and payments made

 

 

(6,645

)

 

 

(4,029

)

 

 

(809

)

 

 

(11,483

)

Ending balance at December 31, 2021

 

$

1,153

 

 

$

1,821

 

 

$

379

 

 

$

3,353