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Summarized quarterly financial data for fiscal years 2020 and 2019 is as follows (Details) - USD ($) | 3 Months Ended | 12 Months Ended |
--- | --- | --- | ---
Dec. 31, 2020 | Sep. 30, 2020 | Jun. 30, 2020 | Mar. 31, 2020 | Dec. 31, 2019 | Sep. 30, 2019 | Jun. 30, 2019 | Mar. 31, 2019 | Dec. 31, 2020 | Dec. 31, 2019 | Dec. 31, 2018 | Aug. 05, 2020
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items] |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Revenues | $ 22,577,000 | [1] | $ 19,343,000 | [2],[3],[4],[5] | $ 10,701,000 | $ 12,251,000 | $ 15,902,000 | $ 23,719,000 | [6] | $ 6,079,000 | [7] | $ 3,947,000 | $ 64,872,280 | $ 49,646,937 | $ 16,099,460 |
Gross profit | 16,996,000 | [1] | 16,064,000 | [2],[3],[4],[5] | 6,301,000 | 9,536,000 | 13,023,000 | 22,275,000 | [6] | 4,830,000 | [7] | 3,184,000 | 48,897,303 | 43,312,352 | 13,361,808 |
Net loss | $ (42,088,000) | [1] | $ (32,611,000) | [2],[3],[4],[5] | $ (51,976,000) | $ (56,849,000) | $ (49,435,000) | $ (31,967,000) | [6] | $ (55,237,000) | [7] | $ (39,506,000) | $ (183,524,137) | $ (176,144,999) | $ (132,617,160) |
Loss per common share, basic and diluted | $ (0.15) | [1] | $ (0.12) | [2],[3],[4],[5] | $ (0.19) | $ (0.21) | $ (0.19) | $ (0.13) | [6] | $ (0.23) | [7] | $ (0.16) | $ (0.67) | $ (0.72) | $ (0.59) |
Write off of patent and trademark cost | $ 500,000 |  | $ 600,000 |  |  |  |  |  |  |  |  |  | $ 1,131,776 | $ 78,864 |  |
Inventory charge |  |  | 5,700,000 |  |  |  |  |  |  |  |  |  | 7,204,818 | 0 |  |
Loss on extinguishment of debt |  |  |  |  |  |  |  |  |  | $ 10,100,000 |  |  |  | $ 10,057,632 |  |
Lender Warrants [Member] |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items] |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Fair value of warrants |  |  | 7,400,000 |  |  |  |  |  |  |  |  |  |  |  |  | $ 7,428,178
Knight License Agreement [Member] |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items] |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Revenues |  |  | $ 2,000,000 |  |  |  |  |  |  |  |  |  |  |  |  |
License Agreement Theramex [Member] |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items] |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Revenues |  |  |  |  |  |  |  | $ 1,500,000 |  |  |  |  |  |  |  |
[1] | During the fourth quarter of 2020, we wrote off approximately $0.5 million in costs related to trademarks and patents. Refer to discussion in Note 6-Intangible Assets, Net.
[2] | During the third quarter of 2020, we recorded $2 million in license revenue related to the Knight License Agreement. Refer to discussion in Note 2-Summary of Significant Accounting Policies.
[3] | During the third quarter of 2020, we recorded approximately $5.7 million in inventory charge, primarily related to BIJUVA. Refer to discussion in Note 2-Summary of Significant Accounting Policies.
[4] | During the third quarter of 2020, we recorded the fair value of the Lender Warrants based on Amendment No. 5 of approximately $7.4 million as a debt discount, which is being amortized to interest expense using the effective interest method over the term of the Financing Agreement. Refer to discussion in Note 8-Debt.
[5] | During the third quarter of 2020, we wrote off approximately $0.6 million in costs related to trademarks and patents. Refer to discussion in Note 6-Intangible Assets, Net.
[6] | During the third quarter of 2019, we recorded approximately $15.5 million in license revenue related to the Theramex License Agreement. Refer to discussion in Note 2-Summary of Significant Accounting Policies.
[7] | During the second quarter of 2019, we recorded approximately $10.1 million in loss on extinguishment of debt related to the repayment of the Credit Agreement. Refer to discussion in Note 8-Debt.

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