v3.23.2
Product Revenue (Tables)
6 Months Ended
Jun. 30, 2023
Revenue from Contract with Customer [Abstract]  
Schedule of Product Revenue
Product revenue, net, were as follows:
Three Months Ended June 30,Six Months Ended June 30,
(In thousands)2023202220232022
Product revenue, net$6,712 $3,082 $12,321 $3,914 
Schedule of Product Revenue Allowance and Reserves
The following table summarizes balances and activity in each of the product revenue allowance and reserve categories for the six months ended June 30, 2023:
(In thousands)Contractual AdjustmentsGovernment RebatesReturns/ ReplacementTotal
Balance at December 31, 2022$65 $573 $133 $771 
Current provisions relating to sales in the current year631 1,065 2,064 3,760 
Adjustments relating to prior years— (7)— (7)
Payments/returns relating to sales in the current year(479)(325)(1,958)(2,762)
Payments/returns relating to sales in the prior years(49)(306)(48)(403)
Balance at June 30, 2023$168 $1,000 $191 $1,359 
Schedule of Revenue Related Reserves
Total revenue-related reserves above, included in our condensed consolidated balance sheets, are summarized as follows:
(In thousands)June 30, 2023December 31, 2022
Reduction of accounts receivable$162 $60 
Component of accrued expenses 1,197 711 
Total revenue-related reserves$1,359 $771 
Schedule of Changes in Contract Assets and Liabilities, Product Revenue
The following table presents changes in our contract assets during the six months ended June 30, 2023:
(In thousands)December 31, 2022AdditionsDeductionsJune 30, 2023
Contract assets(1)
Accounts receivable, net$2,206 $16,074 $(16,029)$2,251 
(1) Additions to contract assets relate to amounts billed to Customers for product sales and deductions to contract assets primarily relate to collection of receivables during the reporting period.