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RediTrex®, Vibativ® and Sancuso® (Tables)
12 Months Ended
Dec. 31, 2022
Business Combinations [Abstract]  
Schedule of Business Acquisitions by Acquisition, Contingent Consideration The following table presents the changes in the Company's Level 3 contingent consideration liability. The contingent consideration earned and accrued in operating expenses is paid to the seller quarterly.
Contingent consideration liability
Balance at December 31, 2020$8,200,553 
Cash payment of royalty during the period(2,166,682)
Change in fair value(1,147,750)
Contingent consideration earned and accrued1,629,506 
Balance at December 31, 2021$6,515,627 
Cash payment of royalty during the period(1,133,113)
Change in fair value(2,104,690)
Contingent consideration earned and accrued876,999 
Balance at December 31, 2022$4,154,823 
The following table presents the changes in the fair value of the contingent consideration liability that is remeasured on a recurring basis.
Balance at January 3, 2022
$3,384,000 
Cash payment of royalty during the period
(1,075,631)
Change in fair value
16,394 
Contingent consideration earned and accrued
675,237 
Balance at December 31, 2022
$3,000,000 
Business Acquisition, Pro Forma Information
On a pro-forma basis, the revenue and earnings of the combined entity as though the business combination had occurred in 2021 appears below:
Cumberland 2022 ResultsPro-forma 2021 Results
Net Revenue$42,010,949 50,085,043 
Operating income (loss)$(5,704,929)(5,447,420)