XML 33 R24.htm IDEA: XBRL DOCUMENT v3.10.0.1
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES, Treasury Stock, Receivables and Doubtful Accounts and Deferred Revenue (Details) - USD ($)
6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Dec. 31, 2017
Dec. 31, 2015
Treasury Stock [Abstract]        
Treasury stock purchased (in shares) 0 9,283    
Average price of share (in dollars per share)   $ 51.57    
Receivables and Doubtful Accounts [Abstract]        
Accounts receivable $ 12,893,893 [1]   $ 4,655,105  
Deferred Revenue [Abstract]        
Deferred revenue 0   6,400,000  
Adjustments / Effect of Change Higher / (Lower) [Member] | ASU 2014-09 [Member]        
Receivables and Doubtful Accounts [Abstract]        
Accounts receivable 7,100,000      
Nonrefundable Upfront Product License Fees [Member]        
Deferred Revenue [Abstract]        
Deferred revenue 35,000      
Milestone Payment Due Foreign Tax Withholding [Member]        
Deferred Revenue [Abstract]        
Deferred revenue 0      
Provision for receivable uncollectable 100,000      
Endo [Member]        
Receivables and Doubtful Accounts [Abstract]        
Accounts receivable $ 12,893,893   4,655,105  
Deferred Revenue [Abstract]        
Deferred revenue     (6,400,000)  
Endo [Member] | ASU 2014-09 [Member]        
Receivables and Doubtful Accounts [Abstract]        
Accounts receivable     12,300,000  
Deferred Revenue [Abstract]        
Deferred revenue     (100,000)  
Endo [Member] | Adjustments / Effect of Change Higher / (Lower) [Member] | ASU 2014-09 [Member]        
Receivables and Doubtful Accounts [Abstract]        
Accounts receivable [2]     7,600,000  
Deferred Revenue [Abstract]        
Deferred revenue [3]     $ 6,300,000  
Endo [Member] | Licensing Revenues [Member]        
Deferred Revenue [Abstract]        
Deferred revenue       $ 8,250,000
[1] As of January 1, 2018, the Company adopted the requirements of ASC 606 using the modified retrospective adoption method, and as a result, there is a lack of comparability of certain amounts to the prior periods presented. See Note 2 for additional discussion.
[2] This adjustment represents the elimination of the one quarter lag by recognizing royalty revenues based on of XIALFLEX net sales and mark-up on cost of goods sold revenues reported to us by Endo for the fourth quarter of 2017.
[3] Represents the remaining deferred revenue balance of the prepaid mark-up on cost of goods sold based on sales by non-affiliated sublicensees of Endo outside of the U.S.