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ACCOUNTS RECEIVABLE AND RESERVES FOR PRODUCT SALES (Tables)
12 Months Ended
Dec. 31, 2017
Receivables Net Current [Abstract]  
Summary of Components of Accounts Receivable

The following table summarizes the components of the Company’s accounts receivable for the periods indicated:

 

 

 

As of December 31,

 

 

 

2017

 

 

2016

 

 

 

(in thousands)

 

Product sales, net of discounts and allowances

 

$

28,539

 

 

$

4,002

 

Government contract receivables

 

 

929

 

 

 

1,226

 

Total accounts receivable

 

$

29,468

 

 

$

5,228

 

 

Summary of Change in Reserves for Discounts and Allowances

The following table summarizes an analysis of the change in reserves for discounts and allowances for the periods indicated:

 

 

 

Chargebacks

 

 

Rebates

 

 

Prompt Pay

 

 

Other Accruals

 

 

Total

 

 

 

(in thousands)

 

Balance, as of December 31, 2016

 

$

1

 

 

$

238

 

 

$

 

 

$

67

 

 

$

306

 

Provision

 

 

6,455

 

 

 

7,659

 

 

 

469

 

 

 

1,293

 

 

 

15,876

 

Payments/credits

 

 

(5,461

)

 

 

(938

)

 

 

(300

)

 

 

(896

)

 

 

(7,595

)

Balance, as of December 31, 2017

 

$

995

 

 

$

6,959

 

 

$

169

 

 

$

464

 

 

$

8,587

 

 

Summary of Total Reserves Included in Consolidated Balance Sheets

The following table summarizes the total reserves above included in the Company’s consolidated balance sheets for the periods indicated:

 

 

 

As of December 31,

 

 

 

2017

 

 

2016

 

 

 

(in thousands)

 

Reduction to accounts receivable

 

$

1,285

 

 

$

1

 

Component of accrued expenses

 

 

7,302

 

 

 

305

 

Total reserves

 

$

8,587

 

 

$

306