Revenue (Tables)

6 Months Ended

Jun. 30, 2024

Revenue from Contract with Customer [Abstract]

Summary of Activity in Each of Product Revenue Provision and Allowance Categories

The following table summarizes activity in each of the Company’s product revenue provision and allowance categories as of June 30, 2024 and 2023 (in thousands):


	Discounts and Chargebacks (1)			Product Returns (2)			Rebates and Incentives (3)			Product Recall (4)			Total
Balance as of December 31, 2023	$	—		$	36		$	89		$	1,932		$	2,057
Provision related to current period revenue		—			—			—			—			—
Changes in estimate related to prior period revenue		—			51			(26	)		—			25
Credit/payments		—			—			(39	)		(550	)		(589	)
Balance as of June 30, 2024	$	—		$	87		$	24		$	1,382		$	1,493

	Discounts and Chargebacks (1)			Product Returns (2)			Rebates and Incentives (3)			Product Recall (4)			Total
Balance as of December 31, 2022	$	255		$	73		$	1,213		$	—		$	1,541
Provision related to current period revenue		773			316			2,054			—			3,143
Changes in estimate related to prior period revenue		—			693			—			—			693
Credit/payments		(708	)		(74	)		(1,347	)		—			(2,129	)
Balance as of June 30, 2023	$	320		$	1,008		$	1,920		$	—		$	3,248

(1)

Discounts and chargebacks include fees for wholesaler fees, prompt pay and other discounts, and chargebacks. Discounts and chargebacks are deducted from gross revenue at the time revenues are recognized and are included as a reduction in accounts receivable or as an accrued expense based on their nature on the Company’s unaudited condensed consolidated balance sheet.

(2)

Provisions for product returns are deducted from gross revenues at the time revenues are recognized and are included in accrued expenses on the Company’s unaudited condensed consolidated balance sheet.

(3)

Rebates and incentives include rebates and co-pay program incentives. Provisions for rebates and incentives are deducted from gross revenues at the time revenues are recognized and are included in accrued expenses on the Company’s unaudited condensed consolidated balance sheets.

(4)

Provisions for product recall are deducted from gross revenues to the extent of revenue recorded related to the recalled product and are included in accrued expenses on the Company’s unaudited condensed consolidated balance sheet.