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v3.22.2.2

Certain Balance Sheet Items | 9 Months Ended
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Sep. 30, 2022
Certain Balance Sheet Items [Abstract] |
Certain Balance Sheet Items | Certain Balance Sheet Items Prepaid and other current assets consisted of the following:
| September 30, 2022 |  | December 31, 2021
Insurance recovery (a) | $ | 30,000,000 |  |  | $ | — |
Prepaid manufacturing expenses | 17,844,465 |  |  | 27,474,159 |
Other prepaid expenses | 10,126,514 |  |  | 11,362,832 |
Total prepaid and other current assets | $ | 57,970,979 |  |  | $ | 38,836,991 |
Accounts payable and accrued expenses consisted of the following:
| September 30, 2022 |  | December 31, 2021
Trade accounts payable | $ | 12,633,371 |  |  | $ | 27,424,743 |
Accrued compensation | 13,950,832 |  |  | 16,112,912 |
Accrued litigation settlement (a) | 44,000,000 |  |  | — |
Other accrued expenses | 3,563,589 |  |  | 4,106,875 |
Total accounts payable and accrued expenses | $ | 74,147,792 |  |  | $ | 47,644,530 |
(a) In July 2022, the Company entered into a memorandum of understanding for the proposed settlement of the ongoing class action litigation described in this report under “Legal Proceedings.” The proposed settlement consists of $30.0 million in cash and $14.0 million in shares of the Company's common stock to settle all outstanding claims. As of September 30, 2022, the Company's insurance carriers have paid the cash component of the proposed settlement, which amounts are being held in escrow. The Company's insurance carriers have paid $252,000 of other expenses on behalf of the Company, which amounts will be offset against the insurers' cash commitment as part of the settlement.
Certain Balance Sheet Items | Certain Balance Sheet Items Prepaid and other current assets consisted of the following:
| September 30, 2022 |  | December 31, 2021
Insurance recovery (a) | $ | 30,000,000 |  |  | $ | — |
Prepaid manufacturing expenses | 17,844,465 |  |  | 27,474,159 |
Other prepaid expenses | 10,126,514 |  |  | 11,362,832 |
Total prepaid and other current assets | $ | 57,970,979 |  |  | $ | 38,836,991 |
Accounts payable and accrued expenses consisted of the following:
| September 30, 2022 |  | December 31, 2021
Trade accounts payable | $ | 12,633,371 |  |  | $ | 27,424,743 |
Accrued compensation | 13,950,832 |  |  | 16,112,912 |
Accrued litigation settlement (a) | 44,000,000 |  |  | — |
Other accrued expenses | 3,563,589 |  |  | 4,106,875 |
Total accounts payable and accrued expenses | $ | 74,147,792 |  |  | $ | 47,644,530 |
(a) In July 2022, the Company entered into a memorandum of understanding for the proposed settlement of the ongoing class action litigation described in this report under “Legal Proceedings.” The proposed settlement consists of $30.0 million in cash and $14.0 million in shares of the Company's common stock to settle all outstanding claims. As of September 30, 2022, the Company's insurance carriers have paid the cash component of the proposed settlement, which amounts are being held in escrow. The Company's insurance carriers have paid $252,000 of other expenses on behalf of the Company, which amounts will be offset against the insurers' cash commitment as part of the settlement.

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- Definition Certain Balance Sheet Items + References No definition available. + Details
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- Definition The entire disclosure for accounts payable and accrued liabilities at the end of the reporting period. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.19(a),20,24) -URI https://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682 + Details
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- Definition The entire disclosure for other current assets. + References No definition available. + Details
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