XML 23 R13.htm IDEA: XBRL DOCUMENT v3.26.1
Other Long-Term Liabilities
3 Months Ended
Mar. 31, 2026
Other Long-Term Liabilities  
Other Long-Term Liabilities

(8)  Other Long-Term Liabilities

Other long-term liabilities include the following:

​

​

​

​

​

​

​

​

​

  ​ ​ ​

March 31, 

  ​ ​ ​

December 31,

​

​

2026

​

2025

​

​

(In thousands)

Net deferred tax liabilities related to IPR&D (Note 13)

​

$

1,613

​

$

1,613

Deferred income from sale of tax benefits

​

 

930

​

​

1,860

Deferred revenue (Note 12)

​

 

1,800

​

​

1,800

Total

​

 

4,343

​

​

5,273

Less current portion

​

 

(1,230)

​

​

(1,230)

Long-term portion

​

$

3,113

​

$

4,043

​

In March 2022, the Company received approval from the New Jersey Economic Development Authority and agreed to sell New Jersey tax benefits of $5.0 million to an independent third party for $4.7 million. Under the agreement, the Company must maintain a base of operations in New Jersey for five years or the tax benefits must be paid back on a pro-rata basis based on the number of years completed. The Company recognized $0.9 million and $0.9 million in other income related to the sale of these tax benefits for the three months ended March 31, 2026, and 2025, respectively.