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DEFERRED ROYALTY OBLIGATION RELATED TO THE SALE OF FUTURE ROYALTIES (Tables)
6 Months Ended
Jun. 30, 2025
Advance Royalties [Abstract]  
Schedule Of Deferred Royalty Obligation
A summary of financial information related to the HCR Agreement is as follows:
Three Months Ended June 30,Six Months Ended June 30,
($ in thousands)
2025202420252024
Non-cash interest expense related to the sale of future royalties$(2,219)$(1,576)$(4,290)$(3,278)
Effective interest rate33.5 %28.8 %
(in thousands)20252024
Deferred royalty obligation balance as of January 1,
$25,527 $20,179 
Non-cash interest expense related to sale of future royalties
4,290 3,278 
Royalty distributed to HCR
(2,056)(353)
Deferred royalty obligation balance as of June 30,$27,761 $23,104