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Summary of significant accounting policies (Tables)
12 Months Ended
Dec. 31, 2018
Summary of significant accounting policies  
Schedule of disaggregation of revenue

 

 

 

 

 

 

 

 

 

 

 

 

 

Year Ended December 31,

 

    

2018

    

2017

    

2016

 

 

(in thousands)

Adzenys XR-ODT

 

$

26,631

 

$

20,377

 

$

3,803

Cotempla XR-ODT

 

 

19,014

 

 

1,590

 

 

 —

Adzenys ER

 

 

(27)

 

 

 —

 

 

 —

Generic Tussionex

 

 

4,370

 

 

5,165

 

 

6,230

 

 

$

49,988

 

$

27,132

 

$

10,033

 

Schedule of impacts to reported results due to new revenue standard

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Year Ended December, 31

 

 

2017

 

2016

 

 

 

 

 

New

 

 

 

 

 

 

 

New

 

 

 

 

 

 

 

 

Revenue

 

 

 

 

 

 

 

Revenue

 

 

 

 

 

As

 

Standard

 

As

 

As

 

Standard

 

As

Condensed consolidated statements of operations:

   

Reported

   

Adjustment

   

Adjusted

   

Reported

   

Adjustment

   

Adjusted

 

 

(In thousands, except per share data)

Revenue: net product sales

 

$

25,018

 

$

2,114

 

$

27,132

 

$

9,154

 

$

879

 

$

10,033

Cost of goods sold

 

 

12,391

 

 

1,639

 

 

14,030

 

 

11,437

 

 

297

 

 

11,734

Gross profit (loss)

 

 

12,627

 

 

475

 

 

13,102

 

 

(2,283)

 

 

582

 

 

(1,701)

Net loss attributable to common stock

 

 

(66,247)

 

 

475

 

 

(65,772)

 

 

(83,333)

 

 

582

 

 

(82,751)

Net loss per share of common stock, basic and diluted

 

 

(2.68)

 

 

0.02

 

 

(2.66)

 

 

(5.19)

 

 

0.03

 

 

(5.16)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31, 2017

 

 

    

 

 

    

New

    

 

 

    

 

 

 

 

 

Revenue

 

 

 

 

 

 

As

 

Standard

 

As

 

Condensed consolidated statements of balance sheet:

 

Reported

 

Adjustment

 

Adjusted

 

Inventories

 

$

13,459

 

$

(1,727)

 

$

11,732

 

Other current assets

 

 

5,093

 

 

(1,518)

 

 

3,575

 

Total current assets

 

 

82,640

 

 

(3,245)

 

 

79,395

 

Accrued expenses

 

 

10,570

 

 

10,374

 

 

20,944

 

Deferred revenue

 

 

14,676

 

 

(14,676)

 

 

 —

 

Total current liabilities

 

 

37,602

 

 

(4,302)

 

 

33,300

 

Accumulated deficit

 

 

(266,365)

 

 

1,057

 

 

(265,308)

 

Total liabilities and stockholder's equity

 

 

107,353

 

 

(3,245)

 

 

104,108