XML 24 R12.htm IDEA: XBRL DOCUMENT v3.21.2
Certain Balance Sheet Items
9 Months Ended
Sep. 30, 2021
Balance Sheet Related Disclosures [Abstract]  
Certain Balance Sheet Items Certain Balance Sheet Items
Accounts receivable, net consisted of the following (in thousands):
September 30,
2021
December 31,
2020
Accounts receivable from product sales to collaborators$18,172 $25,198 
Accounts receivable from revenues under collaborative agreements30,407 30,404 
Accounts receivable from royalty payments59,095 32,098 
Accounts receivable from other product sales5,621 4,033 
Other contract assets— 7,000 
     Subtotal113,295 98,733 
Allowance for distribution fees and discounts(1,196)(1,003)
     Total accounts receivable, net$112,099 $97,730 
Inventories consisted of the following (in thousands):
September 30,
2021
December 31,
2020
Raw materials$8,109 $5,813 
Work-in-process21,722 33,738 
Finished goods26,147 21,196 
     Total inventories$55,978 $60,747 
Prepaid expenses and other assets consisted of the following (in thousands):
September 30,
2021
December 31,
2020
Prepaid manufacturing expenses$43,324 $35,048 
Other prepaid expenses3,156 2,510 
Other assets2,374 4,783 
     Total prepaid expenses and other assets48,854 42,341 
Less long-term portion(15,552)(14,067)
     Total prepaid expenses and other assets, current$33,302 $28,274 
Prepaid manufacturing expenses include raw materials, slot reservation fees and other amounts paid to contract manufacturing organizations. Such amounts are reclassified to work-in-process inventory as materials are used or the contract manufacturing organization services are complete.
Property and equipment, net consisted of the following (in thousands):
September 30,
2021
December 31,
2020
Research equipment$7,195 $7,085 
Manufacturing equipment5,719 5,336 
Computer and office equipment5,221 4,826 
Leasehold improvements1,628 1,628 
     Subtotal19,763 18,875 
Accumulated depreciation and amortization(12,600)(11,582)
     Subtotal7,163 7,293 
Right of use assets2,425 3,300 
     Property and equipment, net$9,588 $10,593 
Depreciation and amortization expense was approximately $0.7 million and $0.8 million, inclusive of ROU asset amortization of $0.4 million and $0.4 million for the three months ended September 30, 2021 and 2020 respectively.
Depreciation and amortization expense was approximately $2.2 million and $2.5 million, inclusive of ROU asset amortization of $1.2 million and $1.3 million for the nine months ended September 30, 2021 and 2020 respectively.
Accrued expenses consisted of the following (in thousands):
September 30,
2021
December 31,
2020
Accrued compensation and payroll taxes$7,652 $8,078 
Accrued outsourced manufacturing expenses2,839 4,535 
Other accrued expenses6,029 6,468 
Lease liability3,424 4,868 
     Total accrued expenses19,944 23,949 
Less long-term portion(1,609)(3,466)
     Total accrued expenses, current18,335 $20,483 
Expense associated with the accretion of the lease liabilities was approximately $0.1 million and $0.1 million for the three months ended September 30, 2021 and 2020 respectively. Total lease expense for the three months ended September 30, 2021 and 2020 was $0.5 million and $0.5 million respectively.
Expense associated with the accretion of the lease liabilities was approximately $0.3 million and $0.4 million for the nine months ended September 30, 2021 and 2020 respectively. Total lease expense for the nine months ended September 30, 2021 and 2020 was $1.5 million and $1.7 million respectively.
Cash paid for amounts related to leases for the three months ended September 30, 2021 and 2020 was $0.6 million and $0.8 million, and $2.0 million and $2.5 million for the nine months ended September 30, 2021 and 2020 respectively.