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Accounting Policies (Tables)
3 Months Ended
Mar. 31, 2024
Accounting Policies [Abstract]  
Percentage of Product Sales and Accounts Receivable Balance

The following table includes the percentage of net product sales and accounts receivable balances for our four major Customers, each of which comprised 10% or more of our product sales:

 

 

 

Net Product Sales

 

 

Accounts
Receivable

 

 

 

Three Months Ended
March 31, 2024

 

 

As of
March 31, 2024

 

Customer A

 

 

38.0

%

 

 

37.0

%

Customer B

 

 

24.0

%

 

 

23.0

%

Customer C

 

 

20.0

%

 

 

20.0

%

Customer D

 

 

17.0

%

 

 

20.0

%

Total

 

 

99.0

%

 

 

100.0

%

Schedule of Disaggregated Net Product Sales

The following table provides disaggregated net product sales (in thousands):

 

 

 

Three Months Ended
March 31,

 

 

 

2024

 

 

2023

 

CINVANTI net product sales

 

$

25,617

 

 

$

22,855

 

SUSTOL net product sales

 

 

3,615

 

 

 

2,983

 

ZYNRELEF net product sales

 

 

5,013

 

 

 

3,533

 

APONVIE net product sales

 

 

425

 

 

 

244

 

Total net product sales

 

$

34,670

 

 

$

29,615

 

Summary of Activity to Product Returns, Distributor Fees and Discounts, Rebates and Administrative Fees

The following table provides a summary of activity with respect to our product returns, distributor fees and discounts, rebates and administrative fees, which are included in other accrued liabilities on the condensed consolidated balance sheets (in thousands):

 

 

 

Product
Returns

 

 

Distributor
Fees

 

 

Discounts,
Rebates and
Administrative Fees

 

 

Total

 

Balance at December 31, 2023

 

$

4,776

 

 

$

4,419

 

 

$

27,334

 

 

$

36,529

 

Provision

 

 

(1,698

)

 

 

6,655

 

 

 

49,331

 

 

 

54,288

 

Payments/credits

 

 

(237

)

 

 

(6,085

)

 

 

(45,823

)

 

 

(52,145

)

Balance at March 31, 2024

 

$

2,841

 

 

$

4,989

 

 

$

30,842

 

 

$

38,672

 

Common Stock Equivalents Excluded From Computation of Net Loss Per Share

Because we have incurred a net loss for all periods presented in the unaudited condensed consolidated statements of operations and comprehensive loss, the following common stock equivalents were not included in the computation of net loss per share because their effect would be anti-dilutive (in thousands):

 

 

 

March 31,

 

 

 

2024

 

 

2023

 

Stock options outstanding

 

 

29,380

 

 

 

21,376

 

Restricted stock units outstanding

 

 

1,973

 

 

 

3,851

 

Warrants outstanding

 

 

298

 

 

 

8,548

 

Shares of common stock underlying convertible notes outstanding

 

 

9,819

 

 

 

9,819