XML 41 R31.htm IDEA: XBRL DOCUMENT
v3.25.1

BUSINESS COMBINATION (Tables) | 3 Months Ended
--- | ---
Mar. 31, 2025
Business Combination, Asset Acquisition, and Joint Venture Formation [Abstract] |
Schedule of business acquisitions, by acquisition | Purchase consideration consisted of the following:
(In thousands, except share price and exchange ratio) |  | Purchase Consideration
Alimera common shares outstanding |  | 53,971 |
Alimera warrants outstanding after exercise |  | 989 |
Alimera common shares and warrants outstanding |  | 54,960 |
Cash consideration per share |  | $ | 5.50 |
Cash consideration for Alimera Common Stock |  | $ | 302,280 |
Repayment of Alimera Debt |  | 78,540 |
Payment of Alimera transaction costs |  | 20,172 |
Cash settlement for pre-acquisition equity awards |  | 9,535 |
Fair value of CVRs |  | 8,322 |
Total Merger Consideration |  | $ | 418,849 |
Schedule of recognized identified assets acquired and liabilities assumed | The allocation of the fair value will be finalized when the valuation is completed, and the differences will be trued up for the final allocated amounts.
(in thousands) |  | Preliminary Purchase Price Allocation | Measurement Period Adjustment | Purchase Price Allocation
Cash and cash equivalents |  | $ | 9,247 |  | $ | — |  | $ | 9,247 |
Accounts receivable |  | 38,605 |  | 347 |  | 38,952 |
Prepaid expenses and other assets |  | 2,618 |  | — |  | 2,618 |
Inventories |  | 19,457 |  | (1,559) |  | 17,898 |
Property and equipment |  | 3,086 |  | — |  | 3,086 |
Intangible assets |  | 400,000 |  | — |  | 400,000 |
Deferred tax asset, net of deferred tax liabilities and valuation allowance |  | 198 |  | (80) |  | 118 |
Derivative and other non-current assets |  | 1,224 |  | — |  | 1,224 |
Total assets |  | $ | 474,435 |  | $ | (1,292) |  | $ | 473,143 |
Accounts payable |  | $ | 8,001 |  | $ | — |  | $ | 8,001 |
Accrued expenses and other |  | 11,396 |  | 1,158 |  | 12,554 |
Accrued government rebates |  | — |  | 385 |  | 385 |
Returned goods reserve |  | 3,095 |  | (2,600) |  | 495 |
Current accrued licensor payment |  | 3,684 |  | — |  | 3,684 |
Accrued licensor payment, net of current |  | 21,316 |  | — |  | 37,932 |
Deferred tax liability |  | 37,932 |  | — |  | 21,316 |
Other non-current liabilities |  | 2,364 |  | — |  | 2,364 |
Total liabilities |  | $ | 87,788 |  | $ | (1,057) |  | $ | 86,731 |
Total fair value of consideration transferred |  | $ | 418,849 |  | $ | — |  | $ | 418,849 |
Less: fair value of net acquired identifiable assets and liabilities |  | 386,647 |  | (235) |  | 386,412 |
Goodwill |  | $ | 32,202 |  | $ | 235 |  | $ | 32,437 |
Schedule of finite-lived intangible assets acquired as part of business combination | The following table summarizes the estimated fair value of identifiable intangible assets acquired and their remaining amortization period (in years):
(in thousands) | Fair Value |  | Amortization Period
ILUVIEN | $ | 230,000 |  |  | 12
YUTIQ | $ | 170,000 |  |  | 12

X
- References No definition available. + Details
Name: | us-gaap_BusinessCombinationAndAssetAcquisitionAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of a material business combination completed during the period, including background, timing, and recognized assets and liabilities. This table does not include leveraged buyouts. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479328/805-10-50-3 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479328/805-10-50-2 + Details
Name: | us-gaap_ScheduleOfBusinessAcquisitionsByAcquisitionTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of finite-lived intangible assets acquired as part of a business combination or through an asset purchase, by major class and in total, including the value of the asset acquired, any significant residual value (the expected value of the asset at the end of its useful life) and the weighted-average amortization period. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 1 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482665/350-30-50-1 + Details
Name: | us-gaap_ScheduleOfFiniteLivedIntangibleAssetsAcquiredAsPartOfBusinessCombinationTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the amounts recognized as of the acquisition date for each major class of assets acquired and liabilities assumed. May include but not limited to the following: (a) acquired receivables; (b) contingencies recognized at the acquisition date; and (c) the fair value of noncontrolling interests in the acquiree. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 805 -SubTopic 20 -Name Accounting Standards Codification -Paragraph 1 -Section 50 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479907/805-20-50-1 + Details
Name: | us-gaap_ScheduleOfRecognizedIdentifiedAssetsAcquiredAndLiabilitiesAssumedTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration