Quarterly report pursuant to Section 13 or 15(d)

REVENUES (Tables)

v3.21.2
REVENUES (Tables)
 6 Months Ended
Jun. 30, 2020
Revenue From Contract With Customer [Abstract]  
Summary of revenues disaggregated by category

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

 

 

Three Months Ended June 30,

 

 

Six Months Ended June 30,

 

 

 

2020

 

 

2019

Restated

 

 

2020

 

 

2019

Restated

 

Endari®

 

$

4,349

 

 

$

5,390

 

 

$

11,063

 

 

$

9,992

 

Other

 

 

11

 

 

 

103

 

 

 

251

 

 

 

208

 

Revenues, net

 

$

4,360

 

 

$

5,493

 

 

$

11,314

 

 

$

10,200

 

 
Revenue Allowance and Accrual Activities

The following table summarizes the revenue allowance and accrual activities for the six months ended June 30, 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

 

 

1,438

 

 

 

1,955

 

 

 

118

 

 

 

3,511

 

Adjustments related prior period sales

 

 

16

 

 

 

(43

)

 

 

(43

)

 

 

(70

)

Credit and payments made

 

 

(1,208

)

 

 

(1,324

)

 

 

—

 

 

 

(2,532

)

Balance as of June 30, 2020

 

$

474

 

 

$

1,942

 

 

$

390

 

 

$

2,806

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance as of December 31, 2018

 

$

84

 

 

$

798

 

 

$

99

 

 

$

981

 

Provision related to sales in the current year

 

 

649

 

 

 

1,625

 

 

 

121

 

 

 

2,395

 

Credit and payments made

 

 

(614

)

 

 

(1,135

)

 

 

—

 

 

 

(1,749

)

Balance as of June 30, 2019, restated

 

$

119

 

 

$

1,288

 

 

$

220

 

 

$

1,627

 

 

 
Summarizes revenues from each of our customers accounted for 10% or more of total revenues

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 June 30,

 

 

Six Months Ended June 30,

 

 

 

2020

 

 

2019

Restated

 

 

2020

 

 

2019

Restated

 

Customer A

 

 

55

%

 

 

58

%

 

 

54

%

 

 

61

%

Customer B

 

 

20

%

 

 

25

%

 

 

24

%

 

 

22

%