Acquisition (Tables)

6 Months Ended

Jun. 30, 2023

Business Acquisition [Line Items]

Summary of Supplemental Pro Forma Information (Unaudited)

The following unaudited pro forma summary presents consolidated information of the Company as if the acquisition had occurred on January 1, 2022 (in thousands):

	Three Months Ended June 30,						Six Months Ended June 30,
	2023			2022			2023			2022
Net revenue	$	48,611		$	24,992		$	89,237		$	43,082
Net loss		(5,265	)		(28,763	)		(15,060	)		(54,505	)
Net loss per share - basic and diluted		(0.02	)		(0.11	)		(0.06	)		(0.22	)

V-Go

Business Acquisition [Line Items]

Schedule of Purchase Consideration

The total purchase consideration for V-Go was as follows (in thousands):

Fair value of consideration:	Amount
Cash consideration	$	15,341
Fair value of contingent consideration(1)		610
Total	$	15,951

____________________________

(1)Subsequent changes in the fair value are reported in general and administrative expenses. As of June 30, 2023, the fair value of the contingent milestone liability was $0.6 million. The fair value of the contingent milestone liability as of December 31, 2022 was consistent with the fair value on the acquisition date.

Schedule of Preliminary Amounts of Identifiable Assets Acquired and Liabilities Assumed

The information below reflects the amounts of identifiable assets acquired and liabilities assumed as of May 31, 2023 (in thousands):

	Amount
Assets:
Inventory(1)	$	11,152
Property and equipment		2,921
Goodwill(1)		1,931
Intangible asset - Developed technology		1,200
Operating lease right-of-use assets		1,812
Total assets		19,016
Liabilities:
Liabilities assumed(1)		1,253
Operating lease liability		1,812
Total liabilities		3,065
Net assets acquired	$	15,951

___________________________

(1)Through May 2023, goodwill related to the acquisition of V-Go was adjusted for a reduction in rebate-related liabilities partially offset by a reserve for inventory obsolescence.