Quarterly report pursuant to Section 13 or 15(d)

INSTALLMENT PAYMENTS - LICENSES

v3.22.1
INSTALLMENT PAYMENTS - LICENSES
3 Months Ended
Mar. 31, 2022
INSTALLMENT PAYMENTS - LICENSES  
INSTALLMENT PAYMENTS - LICENSES

NOTE 11. INSTALLMENT PAYMENTS — LICENSES

The following tables show the details of the Company’s installment payments – licenses for the periods presented:

​

​

​

​

​

​

​

​

​

​

​

​

    

March 31, 2022

​

    

​

​

    

​

​

    

​

​

($'s in thousands)

    

Ximino (1)

    

Accutane (2)

    

Total

Installment payments - licenses, short-term

​

$

2,000

​

$

1,000

​

$

3,000

Less: imputed interest

​

 

(379)

​

 

(52)

​

 

(431)

Sub-total installment payments - licenses, short-term

​

​

1,621

​

​

948

​

​

2,569

Installment payments - licenses, long-term

​

​

3,000

​

​

1,000

​

​

4,000

Less: imputed interest

​

​

(271)

​

​

(13)

​

​

(284)

Sub-total installment payments - licenses, long-term

​

​

2,729

​

​

987

​

​

3,716

Total installment payments - licenses

​

$

4,350

​

$

1,935

​

$

6,285

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

    

December 31, 2021

​

    

​

​

    

​

​

    

Anti-Itch

    

​

​

($'s in thousands)

    

Ximino (1)

    

Accutane (2)

    

Product (3)

    

Total

Installment payments - licenses, short-term

​

$

2,000

​

$

2,000

​

$

1,000

​

$

5,000

Less: imputed interest

​

 

(425)

​

 

(65)

​

 

-

​

 

(490)

Sub-total installment payments - licenses, short-term

​

​

1,575

​

​

1,935

​

​

1,000

​

​

4,510

​

​

​

​

​

​

​

​

​

​

​

​

​

Installment payments - licenses, long-term

​

​

3,000

​

​

1,000

​

​

—

​

​

4,000

Less: imputed interest

​

 

(350)

​

 

(23)

​

 

—

​

 

(373)

Sub-total installment payments - licenses, long-term

​

​

2,650

​

​

977

​

​

—

​

​

3,627

Total installment payments - licenses

​

$

4,225

​

$

2,912

​

$

1,000

​

$

8,137

Note 1: Imputed interest rate of 11.96% and maturity date of July 22, 2024.

Note 2: Imputed interest rate of 4.03% and maturity date of July 29, 2023.

Note 3: Imputed interest rate of 4.25% and maturity date of January 1, 2022.