Revenues and Trade Receivables, Net

12 Months Ended

Dec. 31, 2018

Revenues and Trade Receivables, Net [Roll Forward]

Revenues and Trade Receivables, Net

Note 5.  Revenues and Trade Receivables, Net

The Company’s revenue was comprised of the following:

	Year Ended December 31,
	2018		2017
Manufacture and supply revenue	$	37,319	$	40,092
License and royalty revenue		24,699		23,133
Co-development and research fees		5,184		3,693
Proprietary product sales, net		228		—
Revenues	$	67,430	$	66,918

Disaggregation of Revenue

The following table provides disaggregated net revenue by geographic area:

	Year Ended December 31,
	2018		2017
United States	$	64,565	$	63,710
Ex-United States		2,865		3,208
Revenues	$	67,430	$	66,918

Ex-United States revenues is derived primarily from products manufactured for the Australian and Malaysian markets.

Accounts receivable, net consist of the following:

	December 31,
	2018			2017
Accounts receivable	$	6,610		$	6,156
Other receivables		33			78
Less: allowance for bad debt		(58	)		(55	)
Less: sales-related allowances		(104	)		—
Trade and other receivables, net	$	6,481		$	6,179

Other receivables totaled $33 and $78 as of December 31, 2018 and 2017, respectively, consisting primarily of reimbursable costs incurred on behalf of a customer. Sales allowances in 2018 are estimated in relation to revenues recognized for sales of Sympazan beginning with the launch of this product in December 2018.

The following table presents the changes in the allowance for bad debt:

	December 31,
	2018			2017
Allowance for doubtful accounts at beginning of year	$	55		$	108
Additions charged to bad debt expense		53			—
Write-downs charged against the allowance		(50	)		—
Recoveries of amounts previously reserved		—			(53	)
Allowance for doubtful accounts at end of year	$	58		$	55

The following table presents the changes in sales-related allowances:

	December 31,
	2018		2017
Balance at December 31, 2017	$	—	$	—
Provision related to sales in 2018		104		—
Credits and payments		—		—
Balance at December 31, 2018	$	104	$	—

Concentration of Major Customers

Customers are considered major customers when sales exceed 10% of total net sales for the period or outstanding receivable balances exceed 10% of total receivables. For the years ended December 31, 2018, and 2017, Indivior, Inc. (“Indivior”) represented 89% and 88% of the total revenues for each period, respectively. As of December 31, 2018 and 2017, the Company’s outstanding receivable balance from Indivior represented approximately 78% and 93% of gross receivables, respectively.