Company: PTPI
Filing Date: 2025-01-24
Form Type: S-1
Source: 0001410578-25-000047
Chunk: 210

Company: Petros Pharmaceuticals, Inc.
Filing Date: 2025-01-24
Form: S-1
Chunk 210
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| Total accounts receivable, net  | ​ | $    |    2,226,151 | ​ | $    |    2,110,246 |

For the year ended December 31, 2023, gross billings to customers representing 10% or more of the Company’s total gross billings included customers which represented approximately %, %, and % of total gross billings. For the year ended December 31, 2022, gross billings to customers representing 10% or more of the Company’s total gross billings included customers which represented approximately %, %, %, and % of total gross billings.

F-16

Receivables from customers representing 10% or more of the Company’s gross accounts receivable included 3customers at December 31, 2023, equal to 36%, 24% and 16%, respectively, of the Company’s total gross accounts receivables. Receivables from customers representing 10% or more of the Company’s gross accounts receivable included twocustomers at December 31, 2022, 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