Quarterly report [Sections 13 or 15(d)]

Inventory

v3.25.1
Inventory
3 Months Ended
Mar. 31, 2025
Inventory Disclosure [Abstract]  
Inventory

4. Inventory

 

 

March 31,
2025

 

 

December 31,
2024

 

Work-in-progress

 

$

533

 

 

$

 

Inventory is stated at the lower of cost and net realizable value and consists of work-in-process. The Company began capitalizing inventory costs following FDA approval of ORLYNVAH™ in October 2024, and inventory production commenced in February 2025. The Company has not recorded any significant inventory write-downs since that time. No allowance for excess, damaged, and obsolete inventory was held at March 31, 2025. The Company currently uses a limited number of third-party contract manufacturing organizations to produce its inventory.