Company: HRTX
Filing Date: 2025-02-27
Form Type: 10-K
Source: 0000950170-25-028374
Chunk: 128

Company: HERON THERAPEUTICS, INC. /DE/
Filing Date: 2025-02-27
Form: 10-K
Item: Item 1B
Chunk 128
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107,672

      The following provides a summary of activity with respect to our product returns, distributor fees and discounts, rebates, administrative and other fees, which are included in other accrued liabilities on the consolidated balance sheets (in thousands): 

        Discounts,

        Rebates,

        Product

        Distributor

        Administrative and

        Returns

        Fees

        Other Fees

        Total

        Balance at December 31, 2023
         
        $
        4,776

        $
        4,419

        $
        27,334

        $
        36,529

        Provision

        (174
        )

        30,045

        206,662

        236,533

        Payments/credits

        (811
        )

        (28,581
        )

        (206,251
        )

        (235,643
        )

        Balance at December 31, 2024
         
        $
        3,791

        $
        5,883

        $
        27,745

        $
        37,419

6.Commitments and ContingenciesLeasesAs of December 31, 2024, we had an operating lease for 52,148 square feet of laboratory and office space in San Diego, California, with a lease term that expires on December 31, 2025. In October 2021, we entered into a sublease agreement to sublet 23,873 square feet of laboratory and office space. The space was delivered to the subtenant in March 2022. As a result of the sublease agreement, our one five-year option to renew the lease on expiration applies only with respect to our remaining 28,275 square feet of laboratory and office space.In September 2023, we also entered into a sublease agreement to sublet 5,840 square feet of office space in Cary, North Carolina, with a lease term that expires on April 30, 2025.In September 2024, we entered into a short-term sublease agreement to sublet 9,882 square feet of office space in Cary, North Carolina, with a lease term that expires on August 31, 2025.

87

Annual future minimum lease payments as of December 31, 2024 are as follows (in thousands): 

        Year ended December 31:

        2025
         
        $
        3,138