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Accounts Receivable (Tables)
12 Months Ended
Dec. 31, 2024
Receivables [Abstract]  
Schedule of Accounts Receivable, Net

Accounts receivable, net consists of the following (in thousands):

 

 

 

December 31, 2024

 

 

December 31, 2023

 

Accounts receivable – commercial

 

 

 

 

 

 

Accounts receivable, gross

 

$

22,879

 

 

$

20,199

 

Wholesaler distribution fees and prompt pay discounts

 

 

(4,186

)

 

 

(2,469

)

Reserve for returns

 

 

(8,858

)

 

 

(6,215

)

Allowance for credit losses

 

 

—

 

 

 

(157

)

Total accounts receivable – commercial, net

 

 

9,835

 

 

 

11,358

 

Accounts receivable – collaborations and services(1)

 

 

1,969

 

 

 

3,543

 

Total accounts receivable, net

 

$

11,804

 

 

$

14,901

 

___________________________

(1)
Includes the $1.1 million regulatory milestone payment receivable from Cipla. See Note 11 – Collaborations, Licensing and Other Arrangements – Cipla License and Distribution Agreement.
Schedule of Activities and Ending Reserve Balance

The Company recognizes revenue net of gross-to-net adjustments. The activities and ending reserve balance consists of the following (in thousands):

 

 

December 31, 2024

 

 

December 31, 2023

 

Prompt Pay Discount Reserve, Allowance for Wholesale Distribution Fees
and Reserves for Returns:

 

 

 

 

 

 

Beginning balance

 

$

8,841

 

 

$

6,644

 

Provisions

 

 

20,336

 

 

 

18,977

 

Deductions

 

 

(16,133

)

 

 

(16,780

)

Ending balance

 

$

13,044

 

 

$

8,841