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DEFERRED ROYALTY OBLIGATION RELATED TO THE SALE OF FUTURE ROYALTIES (Tables) | 6 Months Ended
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Jun. 30, 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 June 30, |  | Six Months Ended June 30,
($ in thousands) | 2025 |  | 2024 |  | 2025 |  | 2024
Non-cash interest expense related to the sale of future royalties | $ | (2,219) |  |  | $ | (1,576) |  |  | $ | (4,290) |  |  | $ | (3,278) |
Effective interest rate |  |  |  |  | 33.5 | % |  | 28.8 | %
(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 | 4,290 |  |  | 3,278 |
Royalty distributed to HCR | (2,056) |  |  | (353) |
Deferred royalty obligation balance as of June 30, | $ | 27,761 |  |  | $ | 23,104 |

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