XML 71 R62.htm IDEA: XBRL DOCUMENT v3.23.1
Marketing, Licensing and Distribution Agreements - Vivus (Details)
3 Months Ended 12 Months Ended
Sep. 30, 2016
USD ($)
Mar. 31, 2023
USD ($)
Mar. 31, 2022
USD ($)
Dec. 31, 2022
USD ($)
Jan. 18, 2022
USD ($)
Marketing, Licensing and Distribution Agreements          
Noncash decrease in accrued expenses related to Vivus settlement     $ (6,520,283)    
Noncash decrease in API purchase commitment   $ 228,001 6,232,489    
Noncash decrease in accrued inventory purchases related to Vivus Settlement     (14,203,905)    
Gain on settlement with Vivus     3,389,941    
API purchase commitment asset   673,944   $ 663,984  
License Agreement | Royalty on the first $500 million of net sales          
Marketing, Licensing and Distribution Agreements          
Threshold net sales   500,000,000      
License Agreement | Milestone payment to be paid once $250 million in sales has been reached          
Marketing, Licensing and Distribution Agreements          
Threshold net sales   250,000,000      
Milestone payment   6,000,000      
License Agreement | Milestone payment to be paid after $250 million in sales has been reached          
Marketing, Licensing and Distribution Agreements          
Threshold net sales   250,000,000      
Milestone payment   $ 3,200,000      
License Agreement | Vivus, Inc          
Marketing, Licensing and Distribution Agreements          
One-time fee to purchase and receive the license for the commercialization and exploitation of Stendra $ 70,000,000        
License Agreement | Vivus, Inc | Royalty during the first, second, and third years following the expiration of the Royalty Period          
Marketing, Licensing and Distribution Agreements          
Royalty percentage   2.00%      
License Agreement | Vivus, Inc | Royalty following the fourth and fifth years following the end of the Royalty Period          
Marketing, Licensing and Distribution Agreements          
Royalty percentage   1.00%      
License Agreement | MTPC          
Marketing, Licensing and Distribution Agreements          
Royalty incurred   $ 75,314 76,238    
Royalty receivable   $ 30,801   106,115  
License Agreement | MTPC | Royalty on the first $500 million of net sales          
Marketing, Licensing and Distribution Agreements          
Royalty percentage   5.00%      
License Agreement | MTPC | Royalty on net sales after $500 million          
Marketing, Licensing and Distribution Agreements          
Royalty percentage   6.00%      
Settlement Agreement | Vivus, Inc          
Marketing, Licensing and Distribution Agreements          
Inventory amount retained - API         $ 7,300,000
Prepayment amount         900,000
Noncash decrease in accrued expenses related to Vivus settlement       6,500,000  
Noncash decrease in API purchase commitment   $ 6,200,000      
Noncash decrease in accrued inventory purchases related to Vivus Settlement     $ 14,200,000    
Payment made for purchase order         $ 1,542,904
Percentage of stendra tablets released         100
Gain on settlement with Vivus       3,400,000  
Accrued inventory purchases   0   0  
Raw materials inventory   500,000      
Settlement Agreement | Vivus, Inc | Other Current Assets          
Marketing, Licensing and Distribution Agreements          
API purchase commitment asset   700,000   700,000  
Settlement Agreement | Vivus, Inc | Other Noncurrent Assets          
Marketing, Licensing and Distribution Agreements          
Accrued inventory purchases, other assets   4,900,000   $ 5,100,000  
Settlement Agreement | Vivus, Inc | Promissory Note          
Marketing, Licensing and Distribution Agreements          
Prepayment amount         $ 900,000
Principal amount of notes payable   $ 10,200,000     $ 10,201,758