XML 38 R29.htm IDEA: XBRL DOCUMENT v3.23.2
Commitments (Tables)
 6 Months Ended
Jun. 30, 2023
Commitments and Contingencies Disclosure [Abstract]  
Schedule of operating lease obligations and purchase obligations
Our future material contractual obligations as of June 30, 2023, included the following:
ObligationsTotal2023202420252026Beyond
Operating leases (1)$2,374 $839 $1,122 $413 $— $— 
Credit facility and Term Loans (2)71,250 3,750 10,000 57,500 — — 
Purchase obligations (3)97,430 97,430 — — — — 
Total obligations $171,054 $102,019 $11,122 $57,913 $— $— 

(1) We lease our corporate office location. The term of our existing lease expires on June 30, 2025. We also lease our lab space under a lease agreement through April 2024, office space located in Indianapolis, Indiana through November 2023, and an office space in Palm Beach Gardens, Florida, through October 31, 2024. Rental expense for the operating leases was $0.4 million and $0.4 million, for the three months ended June 30, 2023 and 2022, respectively. Rental expense for the operating leases was $0.8 million and $0.8 million for the six months ended June 30, 2023 and 2022. The remaining future lease payments under the operating leases are $2.4 million as of June 30, 2023.
(2) Refer to Note 9, “Debt” for further information regarding our Credit Agreement and Term Loans.
(3) As of June 30, 2023, we had purchase obligations in the amount of $97.4 million which represents the contractual commitments under contract manufacturing and supply agreements with suppliers. The obligations under the supply agreements are primarily for finished product, inventory, and research and development.