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Accounting Policies (Tables) | 6 Months Ended
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Jun. 30, 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 three major Customers, each of which comprised 10% or more of our product sales:
|  | Net Product Sales |  |  | Accounts Receivable |
|  | Three Months Ended June 30, 2024 |  |  | Six Months Ended June 30, 2024 |  |  | As of June 30, 2024 |
Customer A(1) |  |  | 46.0 | % |  |  | 45.1 | % |  |  | 45.7 | %
Customer B |  |  | 34.6 | % |  |  | 36.2 | % |  |  | 35.1 | %
Customer C |  |  | 18.3 | % |  |  | 17.7 | % |  |  | 18.8 | %
Total |  |  | 98.9 | % |  |  | 99.0 | % |  |  | 99.6 | %
(1) Includes net product sales and accounts receivable balances for a subsidiary of Customer A that were reported separately in the Company’s Form 10-Q for the three months ended March 31, 2024, filed with the SEC on May 7, 2024.
Schedule of Disaggregated Net Product Sales | The following table provides disaggregated net product sales (in thousands):
|  | For the Three Months Ended June 30, |  |  | For the Six Months Ended June 30, |
|  | 2024 |  |  | 2023 |  |  | 2024 |  |  | 2023 |
CINVANTI net product sales |  | $ | 24,927 |  |  | $ | 24,474 |  |  | $ | 50,544 |  |  | $ | 47,329 |
SUSTOL net product sales |  |  | 4,246 |  |  |  | 2,836 |  |  |  | 7,860 |  |  |  | 5,819 |
ZYNRELEF net product sales |  |  | 5,831 |  |  |  | 4,128 |  |  |  | 10,844 |  |  |  | 7,661 |
APONVIE net product sales |  |  | 1,020 |  |  |  | 324 |  |  |  | 1,446 |  |  |  | 568 |
Total net product sales |  | $ | 36,024 |  |  | $ | 31,762 |  |  | $ | 70,694 |  |  | $ | 61,377 |
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 |  |  | (1,216 | ) |  |  | 14,212 |  |  |  | 101,867 |  |  |  | 114,863 |
Payments/credits |  |  | (517 | ) |  |  | (12,969 | ) |  |  | (100,890 | ) |  |  | (114,376 | )
Balance at June 30, 2024 |  | $ | 3,043 |  |  | $ | 5,662 |  |  | $ | 28,311 |  |  | $ | 37,016 |
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):
|  | June 30, |
|  | 2024 |  |  | 2023 |
Stock options outstanding |  |  | 27,445 |  |  |  | 28,778 |
Restricted stock units outstanding |  |  | 1,642 |  |  |  | 2,732 |
Warrants outstanding |  |  | 298 |  |  |  | 8,548 |
Shares of common stock underlying convertible notes outstanding |  |  | 9,819 |  |  |  | 9,819 |

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