Quarterly report pursuant to Section 13 or 15(d)

SELECTED FINANCIAL STATEMENT CAPTIONS - LIABILITIES (Tables)

v3.23.3
SELECTED FINANCIAL STATEMENT CAPTIONS - LIABILITIES (Tables)
9 Months Ended
Sep. 30, 2023
Payables and Accruals [Abstract]  
Schedule of accounts payable and accrued expenses

Accounts payable and accrued expenses consisted of the following at September 30, 2023 and December 31, 2022 (in thousands):

 

 

September 30, 2023

 

 

December 31, 2022

 

Accounts payable:

 

 

 

 

 

 

Clinical and regulatory expenses

 

$

680

 

 

$

361

 

Professional fees

 

 

723

 

 

 

626

 

Selling expenses

 

 

1,542

 

 

 

1,363

 

Manufacturing costs

 

 

770

 

 

 

650

 

Non-employee director compensation

 

 

693

 

 

 

484

 

Other vendors

 

 

397

 

 

 

301

 

Total accounts payable

 

 

4,805

 

 

 

3,785

 

Accrued interest payable, related parties

 

 

590

 

 

 

144

 

Accrued interest payable

 

 

2,726

 

 

 

2,381

 

Accrued expenses:

 

 

 

 

 

 

Payroll expenses

 

 

1,310

 

 

 

1,263

 

Government rebates and other rebates

 

 

5,131

 

 

 

5,536

 

Due to customers

 

 

844

 

 

 

 

Other accrued expenses

 

 

879

 

 

 

440

 

Total accrued expenses

 

 

8,164

 

 

 

7,239

 

Total accounts payable and accrued expenses

 

$

16,285

 

 

 

13,549

 

Schedule of other current liabilities

Other current liabilities consisted of the following at September 30, 2023 and December 31, 2022 (in thousands):

 

September 30, 2023

 

 

December 31, 2022

 

Trade discount

$

3,300

 

 

$

1,200

 

Unearned revenue (a)

 

10,000

 

 

 

10,000

 

Other current liabilities

 

1,100

 

 

 

1,717

 

Total other current liabilities

$

14,400

 

 

$

12,917

 

(a) Represents the fee payable to Telcon pursuant to the distributor agreement. See Note 3 for additional details.

Schedule of other long-term liabilities

Other long-term liabilities consisted of the following at September 30, 2023 and December 31, 2022 (in thousands):

 

 

September 30, 2023

 

 

December 31, 2022

 

Trade discount

$

17,205

 

 

$

21,682

 

Other long-term liabilities

 

35

 

 

 

32

 

Total other long-term liabilities

$

17,240

 

 

$

21,714