Income Taxes (Tables)

12 Months Ended

Dec. 31, 2022

Schedule of Components of Net Deferred Income Tax Asset

Deferred income taxes result from temporary differences between the amount of assets and liabilities recognized for financial reporting and tax purposes. The components of the net deferred income tax asset as of December 31, 2022 and 2021 are as follows (in thousands):

	As of December 31,
	2022			2021
Deferred income tax assets:
Net operating loss	$	176,631		$	224,660
Share-based payment compensation		8,590			17,698
Interest expense limitation		19,707			20,391
Gain on sale of ANNOVERA		(3,624	)		-
Accrual for sales returns and coupons		-			-
R&D credit		186			186
Other, net		(1,062	)		(1,250	)
Deferred income tax asset		200,428			261,685
Valuation allowance		(200,428	)		(261,685	)
Deferred income tax assets, net	$	—		$	—

Schedule of Effective Income Tax Rate Reconciliation

A reconciliation between taxes computed at the federal statutory rate and the consolidated effective tax rate is as follows:

	2022			2021
Federal statutory tax rate		21.0	%		21.0	%
State tax rate, net of federal tax benefit		3.9	%		4.7	%
Adjustment in valuation allowances		(3228.6	%)		(17.8	%)
Excess stock benefits		835.2	%		(3.2	%)
Interest expense accretion		0.0	%		0.0	%
Permanent and other differences		2368.5	%		(4.6	%)
Provision for income taxes		0.0	%		0.0	%

Schedule of Income (Loss) From Continuing Operations Before Income Taxes

Our income (loss) from continuing operations before income taxes is as follows (in thousands):

		2022				2021
United States		$	1,074			$	(79,305	)