Quarterly report pursuant to Section 13 or 15(d)

Inventory

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

4. Inventory

Inventory consisted of the following:

​

​

​

​

​

​

​

​

​

September 30, 

    

December 31, 

($ in thousands)

2021

​

2020

​

​

Raw materials

$

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 Journey’s acquisition of Qbrexza, please refer to Note 9.