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Inventories, Net

9 Months Ended

Sep. 30, 2022

Inventory Disclosure [Abstract]

Inventories, net

4. Inventories, net

The following table presents inventories, net (in thousands):

		September 30, 2022				December 31, 2021
Raw materials		$	29,170			$	26,637
Work-in-process			20,902				14,748
Finished goods			52,537				19,950
Total		$	102,609			$	61,335

As of September 30, 2022 and December 31, 2021, included in finished goods inventory was $42.2 million and $1.3 million of CpG 1018 adjuvant inventory, respectively. As of September 30, 2022 and December 31, 2021, included in finished goods inventory was $10.3 million and $18.6 million of HEPLISAV-B inventory, respectively.

We recorded prepaid manufacturing costs related to prepayments made to third-party manufacturers of CpG 1018 adjuvant, of $12.7 million and $159.7 million as of September 30, 2022 and December 31, 2021, respectively. We expect these costs to be converted into inventory within the next twelve months. As of September 30, 2022, we recorded $14.5 million of inventory write-off to cost of sales - product, in connection with the first amendment of the Clover Supply Agreement (See Note 6).

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- Definition

The entire disclosure for inventory. Includes, but is not limited to, the basis of stating inventory, the method of determining inventory cost, the classes of inventory, and the nature of the cost elements included in inventory.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 330
-URI https://asc.fasb.org/topic&trid=2126998

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