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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
CASH FLOWS FROM OPERATING ACTIVITIES    
Net loss $ (24,258,000) $ (15,263,000)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization of property, plant and equipment and software development costs 1,382,000 1,095,000
Amortization of intangible assets 7,708,000 7,634,000
Amortization of operating lease right-of-use assets 636,000 541,000
(Recovery of) provision for credit losses (20,000) 68,000
Amortization of debt issuance costs and debt discount 2,985,000 2,568,000
Investment loss (gain) from investment in Eton 3,171,000 (2,676,000)
Loss on extinguishment of debt 5,465,000
Loss on disposal of intangible assets 22,000
Stock-based compensation 12,825,000 11,521,000
Deferred income tax 643,000
Changes in assets and liabilities:    
Accounts receivable (17,453,000) (12,287,000)
Inventories 711,000 (2,383,000)
Prepaid expenses and other current assets (983,000) (4,079,000)
Accounts payable, accrued expenses, accrued rebates and copay assistance 6,433,000 1,584,000
Accrued payroll and related liabilities 1,735,000 1,294,000
Deferred revenue and customer deposits 62,000 40,000
NET CASH USED IN OPERATING ACTIVITIES (4,423,000) (4,856,000)
CASH FLOWS FROM INVESTING ACTIVITIES    
Net proceeds from sale of investment in Eton Pharmaceuticals 5,510,000
Investment in patent and trademark assets (74,000)
Purchase of product NDAs and related patents (151,084,000)
Purchases of property, plant and equipment (1,040,000) (1,266,000)
NET CASH PROVIDED BY (USED IN) INVESTING ACTIVITIES 4,396,000 (152,350,000)
CASH FLOWS FROM FINANCING ACTIVITIES    
Proceeds from 11.875% notes payable, net of costs 4,961,000
Proceeds from Oaktree Loan, net of costs 73,552,000
Payment of debt issuance costs (100,000)
Payment of payroll taxes upon vesting of PSUs, RSUs and exercise of stock options (2,362,000) (12,971,000)
Proceeds from exercise of stock options 1,005,000 355,000
Proceeds from B. Riley senior secured note, net of costs 55,879,000
Repayment of B. Riley senior secured note (59,750,000)
Proceeds from public offering of common stock, net of costs 64,520,000
NET CASH (USED IN) PROVIDED BY FINANCING ACTIVITIES (1,457,000) 126,546,000
NET CHANGE IN CASH AND CASH EQUIVALENTS (1,484,000) (30,660,000)
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD 74,085,000 96,270,000
CASH AND CASH EQUIVALENTS AT END OF PERIOD 72,601,000 65,610,000
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:    
Cash paid for income taxes
Cash paid for interest 15,553,000 12,279,000
SUPPLEMENTAL DISCLOSURES OF NON-CASH INVESTING AND FINANCING ACTIVITIES:    
Reclassification of deferred financing costs 1,950,000
Accrual of exit fee related to Oaktree Loan 2,713,000
Insurance premium financed 1,321,000
Purchase of product NDAs associated with contingent consideration payable 37,000,000
Purchase of property, plant and equipment included in accounts payable and accrued expenses 177,000 11,000
Right-of-use assets obtained in exchange for new operating lease obligations $ 3,230,000