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DEFERRED ROYALTY OBLIGATION RELATED TO THE SALE OF FUTURE ROYALTIES (Tables) | 3 Months Ended
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Mar. 31, 2025
Advance Royalties [Abstract] |
Schedule Of Deferred Royalty Obligation | A summary of financial information related to the HCR Agreement is as follows:
| Three Months Ended March 31, |  |
($ in thousands) | 2025 |  | 2024 |  |  |  |
Non-cash interest expense related to the sale of future royalties | $ | (2,071) |  |  | $ | (1,702) |  |  |  |  |
Effective interest rate | 32.5 | % |  | 33.7 | % |  |  |  |
(in thousands) | 2025 |  | 2024
Deferred royalty obligation balance as of January 1, | $ | 25,527 |  |  | $ | 20,179 |
Non-cash interest expense related to sale of future royalties | 2,071 |  |  | 1,702 |
Royalty distributed to HCR | (1,076) |  |  | — |
Deferred royalty obligation balance as of March 31, | $ | 26,522 |  |  | $ | 21,881 |

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