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Commitments and Contingencies (Tables)
9 Months Ended
Sep. 30, 2020
Commitments And Contingencies Disclosure [Abstract]  
Annual Purchase Requirements under Amended Contract

In August 2019, the Company and Amphastar amended the Insulin Supply Agreement to extend the term to 2026 and to restructure the annual purchase commitments. As of September 30, 2020, the annual purchase requirements under the amended contract are as follows:

 

 

Minimum

Commitment

2020

5.5 million

2021

6.6 million

2022

8.5 million

2023

10.9 million

2024

14.6 million

2025

15.5 million

2026

19.4 million

 

Schedule of Lease Term and Discount Rate

 

 

September 30, 2020

 

 

December 31, 2019

 

Weighted average remaining lease term (in years)

 

 

2.2

 

 

 

3.0

 

Weighted average discount rate

 

 

7.5

%

 

 

7.5

%

Schedule of Future Minimum Office And Vehicle Lease Payments

Future minimum office and vehicle lease payments as of September 30, 2020 and December 31, 2019, are as follows (in thousands):

 

 

 

September 30, 2020

 

 

December 31, 2019

 

2020

 

$

371

 

 

$

1,470

 

2021

 

 

1,494

 

 

 

1,499

 

2022

 

 

1,239

 

 

 

1,241

 

2023

 

 

88

 

 

 

88

 

Total

 

$

3,192

 

 

$

4,298