Quarterly report pursuant to Section 13 or 15(d)

REVENUES

v3.21.2
REVENUES
3 Months Ended
Mar. 31, 2020
Revenue From Contract With Customer [Abstract]  
REVENUES

NOTE 3 — REVENUES

Revenues disaggregated by category were as follows (in thousands):

 

 

Three Months Ended March 31,

 

 

 

2020

 

 

2019

Restated

 

Endari®

 

$

6,714

 

 

$

4,602

 

Other

 

 

240

 

 

 

105

 

Revenues, net

 

$

6,954

 

 

$

4,707

 

 

The following table summarizes the revenue allowance and accrual activities for the three months ended March 31, 2020 and 2019 (in thousands):

 

 

Trade Discounts, Allowances and Chargebacks

 

 

Government Rebates and Other Incentives

 

 

Returns

 

 

Total

 

Balance as of December 31, 2019

 

$

228

 

 

$

1,354

 

 

$

315

 

 

$

1,897

 

Provision related to sales in the current year

 

 

942

 

 

 

1,122

 

 

 

71

 

 

 

2,135

 

Adjustments related prior period sales

 

 

16

 

 

 

(44

)

 

 

(22

)

 

 

(50

)

Credit and payments made

 

 

(794

)

 

 

(709

)

 

 

 

 

 

(1,503

)

Balance as of March 31, 2020

 

$

392

 

 

$

1,723

 

 

$

364

 

 

$

2,479

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance as of December 31, 2018

 

$

84

 

 

$

798

 

 

$

99

 

 

$

981

 

Provision related to sales in the current year

 

 

292

 

 

 

729

 

 

 

54

 

 

 

1,075

 

Credit and payments made

 

 

(316

)

 

 

(581

)

 

 

 

 

 

(897

)

Balance as of March 31, 2019, as restated

 

$

60

 

 

$

946

 

 

$

153

 

 

$

1,159

 

 

The following table summarizes revenues attributable to each of our customers that accounted for 10% or more of our total revenues (as a percentage of total revenues):

 

 

Three Months Ended March 31,

 

 

 

2020

 

 

2019

Restated

 

Customer A

 

 

54

%

 

 

65

%

Customer B

 

 

27

%

 

 

19

%