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Commitments and Contingencies (Tables)

6 Months Ended

Jun. 30, 2024

Commitments And Contingencies [Line Items]

Schedule Of Royalty Liability Account Roll Forward

The following table shows the activity within the Royalty Liability account during the six months ended June 30, 2024 as well as the effective interest rate (dollars in thousands):

Balance, January 1, 2024	$	145,810
Amortization of deferred transaction costs		114
Non-cash interest expense on liability for sale of future royalties		8,517
Royalty revenue earned by or payable to Sagard		(6,927	)
Balance, June 30, 2024	$	147,514
Effective interest rate	11.1% — 11.5%

Schedule of Lease Term and Discount Rate

Financing liability information was as follows (dollars in thousands):

		June 30, 2024				December 31, 2023
Weighted average remaining lease term (in years)			17.3				17.8
Weighted average discount rate			9.0	%			9.0	%

Lease information was as follows (dollars in thousands):

		June 30, 2024				December 31, 2023
Operating lease right-of-use assets(1)		$	4,073			$	4,685
Operating lease liability-current(2)		$	1,773			$	1,423
Operating lease liability-long-term			3,272				3,925
Total		$	5,045			$	5,348
Weighted average remaining lease term (in years)			3.4				3.7
Weighted average discount rate			7.3	%			7.3	%

_________________________

(1)Operating right-of-use assets related to vehicles, offices and the manufacturing facility for V-Go are included in other assets in the condensed consolidated balance sheets.

(2)Operating lease liability – current is included in accrued expenses and other current liabilities in the condensed consolidated balance sheets.

Summary of Lease Information

		Three Months Ended June 30,								Six Months Ended June 30,
		2024				2023				2024				2023
Interest expense on financing liability		$	2,444			$	2,449			$	4,891			$	4,873

		Three Months Ended June 30,								Six Months Ended June 30,
		2024				2023				2024				2023
Operating lease costs		$	350			$	410			$	698			$	831
Variable lease costs			9				13				19				49
Cash paid			314				234				546				557

Summary of Remaining Financing Liability Payments

The Company's remaining financing liability payments were as follows (in thousands):

		June 30, 2024
Remainder of 2024		$	5,027
2025			10,269
2026			10,533
2027			10,849
2028			11,174
Thereafter			177,278
Total			225,130
Interest payments			(118,530	)
Debt issuance costs			(2,571	)
Total financing liability		$	104,029

Summary of Financing Lease Information

Financing lease information was as follows (dollars in thousands):

		June 30, 2024
Financing lease right-of-use asset(1)		$	222
Financing lease liability-current(2)		$	39
Financing lease liability-long-term			184
Total		$	223
Weighted average remaining lease term (in years)			4.9
Weighted average discount rate			7.3	%

_________________________

(1)Financing right-of-use asset is included in other assets in the condensed consolidated balance sheets.

(2)Financing lease liability – current is included in accrued expenses and other current liabilities in the condensed consolidated balance sheets.

Remaining Purchase Commitments and Estimated Capacity Fee Liability Requirements

The Company's remaining purchase commitments and estimated capacity fee liability as of June 30, 2024 were as follows (€ in millions):

	June 30, 2024
	Remaining Purchase Commitments				Estimated Capacity Fees
2025		—				1.5
2026(1)		4.2				2.0
2027		6.0				1.0
2028		6.0				1.0
2029		6.0				1.0
2030		6.0				1.0
2031		8.0				0.5
2032		8.0				0.5
2033		8.0				0.5
2034		4.4				0.5
Total		56.6				9.5

_________________________

If there is a delay in the availability of insulin with FDA approved inclusion bodies and supply does not begin in 2026 as currently expected, the Company will incur a capacity fee of €750,000 per quarter that the product is not available for purchase.

Schedule of Future Minimum Office And Vehicle Lease Payments

The Company's future minimum office and vehicle lease payments were as follows (in thousands):

		June 30, 2024
Remainder of 2024		$	918
2025			1,829
2026			1,213
2027			1,135
2028			643
Total			5,738
Interest expense			(693	)
Total operating lease liability		$	5,045

Audio Visual Equipment

Commitments And Contingencies [Line Items]

Summary of Remaining Financing Liability Payments

The Company's remaining financing lease payments were as follows (in thousands):

		June 30, 2024
Remainder of 2024		$	27
2025			54
2026			54
2027			54
2028			54
Thereafter			23
Total			266
Interest payments			(43	)
Total financing liability		$	223

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