XML 52 R36.htm IDEA: XBRL DOCUMENT v3.24.1
Business, Basis of Presentation, New Accounting Standards and Summary of Significant Accounting Policies (Details)
1 Months Ended 6 Months Ended 12 Months Ended
Nov. 15, 2023
USD ($)
$ / shares
shares
Jun. 09, 2023
USD ($)
$ / shares
shares
May 06, 2022
shares
Apr. 14, 2022
USD ($)
Aug. 31, 2023
USD ($)
Jun. 30, 2023
USD ($)
Dec. 31, 2023
USD ($)
$ / shares
shares
Dec. 31, 2022
USD ($)
$ / shares
shares
Dec. 31, 2034
USD ($)
May 01, 2023
$ / shares
shares
Business, Basis of Presentation, New Accounting Standards and Summary of Significant Accounting Policies [Line Items]                    
Period of royalty payments             20 years      
General             $ 140,000,000      
Acquisition of net working capital             12,100,000      
Cash received for prepaid royalties             1,000,000      
Prepaid royalty liabilities             1,000,000      
Quarterly royalty payment             $ 257      
Quarterly royalty payment, interest per annum             19.00%      
Royalty payment           $ 600,000        
Restricted cash             $ 11,250,000    
Shares of common stock (in Shares) | shares             11,532,000 9,498,000    
Par value per share (in Dollars per share) | $ / shares             $ 0.001 $ 0.001    
General and administrative operating support expense             $ 8,903,000 $ 56,710,000    
Cash FDIC insured amount             250,000      
Amortization of intangible assets             $ 500,000      
Number of reportable segment             1      
Number of operating segment             1      
Payments to acquire businesses             $ 140,000,000      
Present value of annual minimum royalty discount rate             10.45%      
License sales             $ 300,000      
License revenue             1,000,000      
Royalty sales             500,000      
Contract assets             $ 21,600,000      
Reverse stock split, description     shares of our outstanding Common Stock were split at a ratio of 50-for-1              
Number of authorized shares of common stock (in Shares) | shares             32,000,000 12,000,000    
Loss contingency accrual             $ 0      
Employees after workforce reduction               1    
Restructuring charges including discontinued operations               $ 15,700,000    
Accrued expenses and other current liabilities             409,000 1,604,000    
Accrued Expenses And Other Current Liabilities [Member]                    
Business, Basis of Presentation, New Accounting Standards and Summary of Significant Accounting Policies [Line Items]                    
Restructuring costs             2,500,000      
Current Liabilities For Discontinued Operations [Member]                    
Business, Basis of Presentation, New Accounting Standards and Summary of Significant Accounting Policies [Line Items]                    
Restructuring costs               6,200,000    
Accrued expenses and other current liabilities               $ 9,300,000    
Maximum [Member]                    
Business, Basis of Presentation, New Accounting Standards and Summary of Significant Accounting Policies [Line Items]                    
Additional milestone payments to be received on achievement of sales milestone payments             $ 30,000,000      
Number of authorized shares of common stock (in Shares) | shares             12,000,000 32,000,000    
Minimum [Member]                    
Business, Basis of Presentation, New Accounting Standards and Summary of Significant Accounting Policies [Line Items]                    
Number of authorized shares of common stock (in Shares) | shares     12,000,000              
Vita Care Divestiture [Member]                    
Business, Basis of Presentation, New Accounting Standards and Summary of Significant Accounting Policies [Line Items]                    
Proceeds from sale of business, net of transaction costs       $ 142,600,000            
Transaction costs       7,200,000            
Gain on sale of business       143,400,000            
Vita Care Divestiture [Member] | Maximum [Member]                    
Business, Basis of Presentation, New Accounting Standards and Summary of Significant Accounting Policies [Line Items]                    
Contingent cash consideration from sale of business       7,000,000            
Annoveras [Member]                    
Business, Basis of Presentation, New Accounting Standards and Summary of Significant Accounting Policies [Line Items]                    
Gain on intangible assets write off             $ 30,200,000      
Annoveras [Member] | Discontinued Operations [Member]                    
Business, Basis of Presentation, New Accounting Standards and Summary of Significant Accounting Policies [Line Items]                    
General and administrative operating support expense             $ 0      
Licensing Agreements [Member]                    
Business, Basis of Presentation, New Accounting Standards and Summary of Significant Accounting Policies [Line Items]                    
Amortization of intangible assets               $ 3,000,000    
Royalty Agreements [Member]                    
Business, Basis of Presentation, New Accounting Standards and Summary of Significant Accounting Policies [Line Items]                    
Decrease in royalty rate on product-by-product basis             2.00%      
Minimal annual royalty payment             $ 3,000,000      
Inflation rate adjusted for minimal annual royalty payment             3.00%      
Milestone Payments One [Member] | Royalty Agreements [Member]                    
Business, Basis of Presentation, New Accounting Standards and Summary of Significant Accounting Policies [Line Items]                    
Threshold annual net sales to determine royalty rate             $ 80,000,000      
Royalty Rate One [Member] | Royalty Agreements [Member]                    
Business, Basis of Presentation, New Accounting Standards and Summary of Significant Accounting Policies [Line Items]                    
Royalty rate as percentage on net sales             8.00%      
Threshold annual net sales to determine royalty rate             $ 80,000,000      
Royalty Rate Two [Member] | Royalty Agreements [Member]                    
Business, Basis of Presentation, New Accounting Standards and Summary of Significant Accounting Policies [Line Items]                    
Royalty rate as percentage on net sales             7.50%      
Common Stock [Member] | Maximum [Member]                    
Business, Basis of Presentation, New Accounting Standards and Summary of Significant Accounting Policies [Line Items]                    
Number of authorized shares of common stock (in Shares) | shares     600,000,000              
Forecast [Member]                    
Business, Basis of Presentation, New Accounting Standards and Summary of Significant Accounting Policies [Line Items]                    
Aggregate minimum annual royalty Payments due                 $ 42,600,000  
Mayne License Agreement [Member]                    
Business, Basis of Presentation, New Accounting Standards and Summary of Significant Accounting Policies [Line Items]                    
Period of royalty payments             20 years      
Decrease in royalty rate on product-by-product basis             2.00%      
Minimal annual royalty payment             $ 3,000,000      
Period of minimal annual royalty payment             12 years      
Inflation rate adjusted for minimal annual royalty payment             3.00%      
Prepaid royalty liabilities             $ 1,000,000      
Royalty payment payable under long term service agreement             1,500,000      
Additional fund         $ 900,000          
Accounts Payable and Other Accrued Liabilities         $ 1,500,000          
Cash received in acquire businesses             140,000,000      
Proceeds from acquire businesses net of working capital adjustments             12,100,000      
Mayne License Agreement [Member] | Milestone Payments One [Member]                    
Business, Basis of Presentation, New Accounting Standards and Summary of Significant Accounting Policies [Line Items]                    
One-time milestone payments             5,000,000      
Threshold net sales amount to determine one-time milestone payment             100,000,000      
Mayne License Agreement [Member] | Milestone Payments Two [Member]                    
Business, Basis of Presentation, New Accounting Standards and Summary of Significant Accounting Policies [Line Items]                    
One-time milestone payments             10,000,000      
Threshold net sales amount to determine one-time milestone payment             200,000,000      
Mayne License Agreement [Member] | Milestone Payments Three [Member]                    
Business, Basis of Presentation, New Accounting Standards and Summary of Significant Accounting Policies [Line Items]                    
One-time milestone payments             15,000,000      
Threshold net sales amount to determine one-time milestone payment             $ 300,000,000      
Mayne License Agreement [Member] | Royalty Rate One [Member]                    
Business, Basis of Presentation, New Accounting Standards and Summary of Significant Accounting Policies [Line Items]                    
Royalty rate as percentage on net sales             8.00%      
Threshold annual net sales to determine royalty rate             $ 80,000,000      
Mayne License Agreement [Member] | Royalty Rate Two [Member]                    
Business, Basis of Presentation, New Accounting Standards and Summary of Significant Accounting Policies [Line Items]                    
Royalty rate as percentage on net sales             7.50%      
Threshold annual net sales to determine royalty rate             $ 80,000,000      
Stock Purchase Agreement [Member] | Vita Care Divestiture [Member]                    
Business, Basis of Presentation, New Accounting Standards and Summary of Significant Accounting Policies [Line Items]                    
Restricted cash       $ 11,300,000            
Rubric Capital Management L P [Member]                    
Business, Basis of Presentation, New Accounting Standards and Summary of Significant Accounting Policies [Line Items]                    
Shares of common stock (in Shares) | shares                   5,000,000
Par value per share (in Dollars per share) | $ / shares $ 2.28                 $ 0.001
Shares, Issued (in Shares) | shares   312,525                
Shares Issued, Price Per Share (in Dollars per share) | $ / shares   $ 3.6797                
Gross proceeds $ 2,000,000 $ 1,150,000                
Shares of common stock (in Shares) | shares 1,000,000                  
Theramex License Agreements [Member] | Bijuvas [Member]                    
Business, Basis of Presentation, New Accounting Standards and Summary of Significant Accounting Policies [Line Items]                    
License sales             $ 300,000      
Land and Building [Member] | Maximum [Member]                    
Business, Basis of Presentation, New Accounting Standards and Summary of Significant Accounting Policies [Line Items]                    
Useful life of assets             7 years      
Land and Building [Member] | Minimum [Member]                    
Business, Basis of Presentation, New Accounting Standards and Summary of Significant Accounting Policies [Line Items]                    
Useful life of assets             3 years      
Software and Software Development Costs [Member] | Maximum [Member]                    
Business, Basis of Presentation, New Accounting Standards and Summary of Significant Accounting Policies [Line Items]                    
Useful life of assets             7 years      
Software and Software Development Costs [Member] | Minimum [Member]                    
Business, Basis of Presentation, New Accounting Standards and Summary of Significant Accounting Policies [Line Items]                    
Useful life of assets             5 years