XML 16 R6.htm IDEA: XBRL DOCUMENT v3.25.1
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
 3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
CASH FLOWS FROM OPERATING ACTIVITIES    
Net loss $ (17,780,000) $ (13,565,000)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:    
Depreciation and amortization of property, plant and equipment and software development costs 465,000 432,000
Amortization of intangible assets 4,226,000 2,554,000
Amortization of operating lease right-of-use assets 217,000 194,000
Provision (recovery of) for credit losses 114,000 (85,000)
Amortization of debt issuance costs and debt discount 1,275,000 976,000
Investment loss from investment in Eton 1,248,000
Stock-based compensation 4,556,000 4,169,000
Changes in assets and liabilities:    
Accounts receivable 39,196,000 8,396,000
Inventories (14,000) 57,000
Prepaid expenses and other current assets 299,000 321,000
Accounts payable, accrued expenses, accrued rebates and copay assistance (11,096,000) (8,939,000)
Accrued payroll and related liabilities (1,891,000) (423,000)
Deferred revenue and customer deposits 101,000 37,000
NET CASH PROVIDED BY (USED IN) OPERATING ACTIVITIES 19,668,000 (4,628,000)
CASH FLOWS FROM INVESTING ACTIVITIES    
Investment in patent and trademark assets (42,000) (18,000)
Purchases of property, plant and equipment (170,000) (92,000)
NET CASH USED IN INVESTING ACTIVITIES (212,000) (110,000)
CASH FLOWS FROM FINANCING ACTIVITIES    
Payment of payroll taxes upon vesting of PSUs, RSUs and exercise of stock options (1,157,000)
Proceeds from exercise of stock options 23,000 348,000
NET CASH PROVIDED BY (USED IN) FINANCING ACTIVITIES 23,000 (809,000)
NET CHANGE IN CASH AND CASH EQUIVALENTS 19,479,000 (5,547,000)
CASH AND CASH EQUIVALENTS, beginning of period 47,247,000 74,085,000
CASH, CASH EQUIVALENTS, end of period 66,726,000 68,538,000
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:    
Cash paid for income taxes 38,000
Cash paid for interest 6,392,000 5,340,000
SUPPLEMENTAL DISCLOSURES OF NON-CASH INVESTING AND FINANCING ACTIVITIES:    
Purchase of property, plant and equipment included in accounts payable and accrued expenses 5,000 89,000
Change in right-of-use assets for operating lease obligations assumptions 377,000
Insurance premium financed $ 450,000