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Revenues | 9 Months Ended
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Sep. 30, 2019
Segment Reporting [Abstract] |
REVENUES | REVENUES Product Revenues The Company accounts for revenues from contracts with customers under ASC 606, which became effective January 1, 2018. As part of the adoption of ASC 606, the Company applied the new standard on a modified retrospective basis analyzing open contracts as of January 1, 2018. Results for reporting periods beginning after January 1, 2018 are presented under ASC 606. As discussed in Note 10, during November 2018, Cumberland entered into an agreement to acquire the global responsibility for Vibativ. The product began contributing to Cumberland's net revenue during the fourth quarter of 2018. The Company’s net revenues consisted of the following for the three and nine months ended September 30, 2019 and 2018:
| Three months ended September 30, |  |  |  | Nine months ended September 30, |  |
| 2019 |  | 2018 |  | 2019 |  | 2018
Products: |  |  |  |  |  |  |
Acetadote | $ | 777,185 |  |  | $ | 1,122,544 |  |  | $ | 2,608,160 |  |  | $ | 3,238,284 |
Omeclamox-Pak | 116,063 |  |  | 278,017 |  |  | 794,205 |  |  | 509,358 |
Kristalose | 2,924,237 |  |  | 3,017,803 |  |  | 9,720,434 |  |  | 9,490,901 |
Vaprisol | 224,940 |  |  | (67,436) |  |  | 724,143 |  |  | 1,712,353 |
Caldolor | 1,170,567 |  |  | 1,318,109 |  |  | 3,543,166 |  |  | 3,458,881 |
Ethyol | 3,299,136 |  |  | 2,593,830 |  |  | 8,398,564 |  |  | 7,659,594 |
Totect | 137,344 |  |  | 45,249 |  |  | 373,150 |  |  | 727,211 |
Vibativ | 1,451,595 |  |  | — |  |  | 6,156,653 |  |  | — |
Other | 270,851 |  |  | 184,414 |  |  | 1,536,790 |  |  | 447,277 |
Total net revenues | $ | 10,371,918 |  |  | $ | 8,492,530 |  |  | $ | 33,855,265 |  |  | $ | 27,243,859 |
Other Revenues During 2019, Cumberland executed a License and Distribution agreement with HongKong WinHealth Pharma Group Co. Limited (“WinHealth”) for our Caldolor and Acetadote brands in China and Hong Kong. In conjunction with these new arrangements, the Company terminated a previous License and Distribution agreement with Gloria Pharmaceuticals Co ("Gloria Pharmaceuticals") for the two brands. In addition, we also signed a new License and Distribution agreement with DB Pharm Korea Co., Ltd. (“DB Pharm”) for Vibativ in South Korea. As a result of these agreements, Cumberland recognized approximately $0.3 million of non-refundable up-front payments as other revenue in the consolidated statement of operations during the nine months ended September 30, 2019. Cumberland's performance obligation was satisfied upon entering into the agreements to license each of the products intellectual property. CET grant revenue for the three and nine months ended September 30, 2019 included in other revenue was $0.2 million and $0.9 million, respectively. The Company has agreements with international partners for commercialization of the Company's products. The international agreements provide that each of the partners are responsible for seeking regulatory approvals for the products, and following approvals, each partner will handle ongoing distribution and sales in the respective international territories. The Company maintains responsibility for the intellectual property and product formulations. Under the international agreements, the Company is typically entitled to receive a non-refundable, up-front payment at the time each agreement is entered into as a result of providing the distinct intellectual property rights for the respective international territory. These agreements also provide for additional payments upon the partners' achievement of defined regulatory approvals, sales milestones or both. The Company may also be entitled to receive royalties on future sales of the products under the agreements and a transfer price on supplies. The contractual payments associated with the partners achievement of regulatory approvals, sales milestones and royalties on future sales are recognized as revenue upon occurrence, or at such time that the Company has a high degree of confidence that the revenue would not be reversed in a subsequent period.

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- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -URI http://asc.fasb.org/topic&trid=2134510 + Details
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