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Product Revenue Reserves and Allowances (Tables)
12 Months Ended
Dec. 31, 2021
Revenue From Contract With Customer [Abstract]  
Disaggregation of Revenue

Net product revenues by product for the years ended December 31, 2021 and 2020 were as follows (in thousands):

 

 

 

Year Ended

December 31,

 

 

 

2021

 

 

2020

 

YUTIQ (A)

 

$

16,959

 

 

$

13,878

 

DEXYCU (B)

 

 

18,353

 

 

 

6,953

 

Total product sales, net

 

$

35,312

 

 

$

20,831

 

 

 

 

(A)

Included approximately $25 and $205 of revenue recognized from YUTIQ product sales to Ocumension under a supply agreement for the years ended December 31, 2021 and 2020, respectively.

 

(B)

Included approximately $283 and $8 of revenue recognized from DEXYCU product sales to Ocumension under a supply agreement for the years ended December 31, 2021 and 2020, respectively.

Product Revenue Allowance and Reserves

The following table summarizes activity in each of the product revenue allowance and reserve categories for the years ended December 31, 2021 and 2020 (in thousands):

 

 

 

Chargebacks,

Discounts

and Fees

 

 

Government

and Other

Rebates

 

 

Returns

 

 

Total

 

Beginning balance at January 1, 2021

 

$

574

 

 

$

535

 

 

$

603

 

 

$

1,712

 

Provision related to sales in the current year

 

 

7,274

 

 

 

5,337

 

 

 

785

 

 

 

13,396

 

Adjustments related to prior period sales

 

 

(50

)

 

 

(22

)

 

 

(200

)

 

 

(272

)

Deductions applied and payments made

 

 

(6,645

)

 

 

(4,029

)

 

 

(809

)

 

 

(11,483

)

Ending balance at December 31, 2021

 

$

1,153

 

 

$

1,821

 

 

$

379

 

 

$

3,353

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Chargebacks,

Discounts

and Fees

 

 

Government

and Other

Rebates

 

 

Returns

 

 

Total

 

Beginning balance at January 1, 2020

 

$

1,618

 

 

$

271

 

 

$

352

 

 

$

2,241

 

Provision related to sales in the current year

 

 

2,141

 

 

 

1,056

 

 

 

978

 

 

 

4,175

 

Adjustments related to prior period sales

 

 

(387

)

 

 

 

 

 

50

 

 

 

(337

)

Deductions applied and payments made

 

 

(2,798

)

 

 

(792

)

 

 

(777

)

 

 

(4,367

)

Ending balance at December 31, 2020

 

$

574

 

 

$

535

 

 

$

603

 

 

$

1,712