Company: PTPI
Filing Date: 2025-02-13
Form Type: S-1/A
Source: 0001410578-25-000122
Chunk: 224

Company: Petros Pharmaceuticals, Inc.
Filing Date: 2025-02-13
Form: S-1/A
Chunk 224
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2, equal to 43%, and 16%, respectively, of the Company’s total gross accounts receivables.

4) Inventories, net

Inventory is comprised of the following:

| ​               | ​ 
 ​ | ​ |                 ​ 
 December 31, 2023 | ​ | ​ |                 ​ 
 December 31, 2022 |
|:----------------|:--|:--|------------------:|:--|:--|------------------:|
| Raw materials   | ​ | $ |         1,430,139 | ​ | $ |         1,574,683 |
| Finished goods  | ​ |   |           180,252 | ​ |   |           240,430 |
| Total inventory | ​ | $ |         1,610,391 | ​ | $ |         1,815,113 |

Finished goods are net of valuation reserves of $ and $ as of December 31, 2023, and 2022, respectively. Raw materials are net of valuation reserves of $ and $ as of December 31, 2023, and 2022, respectively, which is related to bulk inventory.

5) Prepaid Expenses and Other Current Assets

Prepaid expenses and other current assets are comprised of the following:

| ​                                               | ​ 
 ​ | ​ |                 ​ 
 December 31, 2023 | ​ | ​ |                 ​ 
 December 31, 2022 |
|:------------------------------------------------|:--|:--|------------------:|:--|:--|------------------:|
| Prepaid insurance                               | ​ | $ |            45,664 | ​ | $ |           109,414 |
| Prepaid FDA fees                                | ​ |   |           937,652 | ​ |   |                 — |
| Prepaid coupon fees                             | ​ |   |                 — | ​ |   |            71,500 |
| API purchase commitment asset (see Note 14)     | ​ |   |           704,729 | ​ |   |           663,984 |
| Other prepaid expenses                          | ​ |   |           234,459 | ​ |   |           333,158 |
| Other current assets                            | ​ |   |           111,476 | ​ |   |           138,226 |
| Total prepaid expenses and other current assets | ​ | $ |         2,033,980 | ​ | $ |