Quarterly report pursuant to Section 13 or 15(d)

INVENTORY

v3.21.2
INVENTORY
9 Months Ended
Sep. 30, 2021
INVENTORY  
INVENTORY

NOTE 3. INVENTORY

The Company’s inventory consists of the following:

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​

​

​

​

​

​

​

​

    

September 30, 

    

December 31, 

($in thousands)

​

2021

​

2020

​

​

​

​

​

​

​

Raw materials

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$

5,453

​

$

—

Work-in-process

​

 

—

​

 

—

Finished goods

​

 

6,161

​

 

1,404

Total inventories

​

$

11,614

​

$

1,404

​

The acquired Qbrezxa finished goods inventory includes a fair value step-up of $6.5 million, which will be expensed within cost of sales, as the inventory is sold to customers. All of the step-up finished goods inventory is expected to be sold in 2021. For additional information on the Company’s acquisition of Qbrexza, please refer to Note 5.