0001628280-23-029112 | 10-Q | XBRL Viewer | Cumberland Pharmaceuticals INC

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Leases - Narrative (Details)	Jun. 30, 2023 USD ($) ft²	Dec. 31, 2022 USD ($)	Nov. 15, 2021 ft² renewalTerm $ / ft²
Lessee, Lease, Description [Line Items]
Rent increase			2.50%
Operating lease right-of-use assets	$ 6,831,502	$ 5,218,403
Future minimum sublease income under noncancelable operating subleases	$ 1,800,000
1600 West End Avenue Partners, LLC
Lessee, Lease, Description [Line Items]
Weighted average remaining lease term	10 years 10 months 24 days
Present value of remaining lease payments, percent	9.28%
CET
Lessee, Lease, Description [Line Items]
Present value of remaining lease payments, percent	9.90%
Vaprisol
Lessee, Lease, Description [Line Items]
Operating lease right-of-use assets	$ 900,000
Wet Laboratory and Office Space
Lessee, Lease, Description [Line Items]
Leased area \| ft²			16,903
Term of contract			157 months
Base rent per square foot \| $ / ft²			33.06
Square feet of office space \| ft²	14,200
Broadwest Lease, Five Year Renewal Option \| Wet Laboratory and Office Space
Lessee, Lease, Description [Line Items]
Number of renewal terms \| renewalTerm			2
Renewal term			5 years

Other Income	6 Months Ended
Other Income	Jun. 30, 2023
Other Income and Expenses [Abstract]
Other Income	OTHER INCOMEThe Company realized a $2.8 million gain in the first six months of 2023 for previously paid FDA prescription drug fees. In March 2023, the Company was granted a barrier-to-innovation waiver from the FDA for certain fiscal year 2022 prescription drug fees resulting in a refund of $1.8 million. In June 2023, the Company was granted another waiver from the FDA for the fiscal year 2023 fees in the amount of $1.0 million. Both of these refunds were paid by the FDA in second quarter of 2023.

Organization and Basis of Presentation	6 Months Ended
Organization and Basis of Presentation	Jun. 30, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]
ORGANIZATION AND BASIS OF PRESENTATION	ORGANIZATION AND BASIS OF PRESENTATION Cumberland Pharmaceuticals Inc. (“Cumberland,” the “Company,” or as used in the context of “we,” “us,” or “our”) is a specialty pharmaceutical company focused on the acquisition, development and commercialization of branded prescription pharmaceutical products. The Company's primary target markets are hospital acute care, gastroenterology and oncology. These medical specialties are characterized by relatively concentrated prescriber bases that the Company believes can be served effectively by small, targeted sales forces. Cumberland is dedicated to providing innovative products that improve quality of care for patients and address unmet or poorly met medical needs. The Company promotes its approved products through its hospital, oncology and field sales forces in the United States. Cumberland has also established international partnerships and continues to build a network of companies outside the U.S. to register and provide our medicines to patients in their countries. Cumberland focuses its resources on maximizing the commercial potential of its products, as well as developing new product candidates, and has both internal development and commercial capabilities. The Company’s products are manufactured by third parties, which are overseen by Cumberland’s quality control and manufacturing professionals. The Company works closely with its hospital, field and oncology sales teams and its third-party distribution partners to make its products available in the United States. In the opinion of management, the accompanying unaudited condensed consolidated financial statements of the Company have been prepared on a basis consistent with the December 31, 2022, audited consolidated financial statements and include all adjustments, consisting of only normal recurring adjustments, necessary to fairly present the information set forth herein. All significant intercompany accounts and transactions have been eliminated in consolidation. The unaudited condensed consolidated financial statements have been prepared in accordance with the regulations of the Securities and Exchange Commission (the “SEC”), and certain information and disclosures have been condensed or omitted as permitted by the SEC for interim period presentation. These unaudited condensed consolidated financial statements should be read in conjunction with the audited consolidated financial statements and notes included in our Annual Report on Form 10-K for the year ended December 31, 2022 (the “2022 Annual Report on Form 10-K”). The results of operations for the three and six months ended June 30, 2023, are not necessarily indicative of the results to be expected for the entire fiscal year or any future period. Recent Accounting Guidance Recent Accounting Pronouncements In June 2016, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update ("ASU") No. 2016-13, “Financial Instruments-Credit Losses,” which changes the impairment model for most financial assets and certain other instruments. For trade and other receivables, held-to-maturity debt securities, loans and other instruments, companies are required to use a new forward-looking “expected loss” model that generally results in an earlier recognition of allowances for losses. For available-for-sale debt securities with unrealized losses, companies measure credit losses in a manner similar with previous guidance, except that the losses are recognized as allowances rather than as reductions in the amortized cost of the securities. Companies have to disclose additional information, including information they use to track credit quality by year of origination for most financing receivables. Companies apply the ASU’s provisions as a cumulative-effect adjustment, if any, to the accumulated deficit as of the beginning of the first reporting period in which the guidance is adopted. Related to ASU No. 2016-13 discussed above, in May 2019, the FASB issued ASU 2019-05, "Financial Instruments-Credit Losses (Topic 326): Targeted Transition Relief" which provides transition relief for ASU 2016-13 by providing entities with an alternative to irrevocably elect the fair value option for eligible financial assets measured at amortized cost upon adoption of the new credit losses standard. Certain eligibility requirements must be met and the election must be applied on an instrument-by-instrument basis. The election is not available for either available-for-sale or held-to-maturity debt securities. The Company adopted both ASU 2016-13 and ASU 2019-05 on January 1, 2023. Please refer to Trade and Notes Receivables Policy below. Accounting Policies: Use of Estimates The preparation of the condensed consolidated financial statements in conformity with U.S. generally accepted accounting principles requires management of the Company to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the period. Actual results could differ from those estimates under different assumptions and conditions. The Company's most significant estimates include: (1) its allowances for chargebacks and accruals for rebates and product returns, (2) the allowances for obsolescent or unmarketable inventory and (3) valuation of contingent consideration liabilities associated with business combinations. Operating Segments The Company has one operating segment which is specialty pharmaceutical products. Management has chosen to organize the Company based on the type of products sold. Operating segments are identified as components of an enterprise about which separate discrete financial information is evaluated by the chief operating decision maker, or decision-making group, in making decisions regarding resource allocation and assessing performance. The Company, which uses consolidated financial information in determining how to allocate resources and assess performance, has concluded that our specialty pharmaceutical products compete in similar economic markets and similar circumstances. Substantially all of the Company’s assets are located in the United States and total revenues are primarily attributable to U.S. customers. Trade and Note Receivables Policy Management performed a scoping exercise to ensure completeness over the application of Current Expected Credit Losses (CECL) across the various financial instruments including trade and note receivables. CECL is applicable to all financial assets measured at amortized cost. The authoritative guidance requires that all financial instruments should be evaluated, including cash equivalents such as 3-month T-Bills, even if the expected loss is determined to be zero, or materially zero. All bank balances are maintained in cash or money market funds. Therefore for the Company, this principally relates to trade receivables and two notes receivable. CECL also requires the measurement of expected credit losses on a collective (pool) basis when similar risk characteristics exist. This may include, either individually or in combination, some of the following characteristics (326-20-55-5): a.Internal or external credit score/rating b.Risk ratings or classification c.Financial asset type d.Size e.Effective interest rate f.Term g.Geographical location h.Historical or expected credit loss patterns i.Reasonable and supportable forecast periods The standard requires entities to pool financial assets but allows them to choose which risk characteristics to use. Under the requirements of the guidance, the Company would need to reassess at the end of each reporting period whether the pool of assets continue to display similar risk characteristics. With twenty years of experience, Cumberland has experienced virtually no write downs of receivables as most of our receivables are due from large successful pharmaceutical, healthcare or government customers, consistently making payments on account. Although the payment behaviors of all of our customers are consistently reliable, for the sake of transparency, we have separated our customer base into seven separate pools. The Company performs a monthly analysis of aged accounts receivable to determine how much, if any, of the accounts receivable balance should be reserved as potential bad debt. The Company reviews all balances over 90 days past due for a possible reserve and considers any specific factors or information for balances aged under 90 days if there are indicators that the balance should be reserved, such as other aged balances with the customer or bankruptcy as well as any economic issues with a customer industry or region. The adoption of Accounting Standards Codification ("ASC") 326 did not result in a material impact to the Company.

Leases - Lease Position (Details) - USD ($)	Jun. 30, 2023	Dec. 31, 2022
Leases [Abstract]
Operating lease right-of-use assets	$ 6,831,502	$ 5,218,403
Operating lease current liabilities	320,837	172,910
Operating lease noncurrent liabilities	5,477,040	4,586,301
Total	$ 5,797,877	$ 4,759,211

Other Income (Details) - USD ($)	1 Months Ended		3 Months Ended		6 Months Ended
Other Income (Details) - USD ($)	Jun. 30, 2023	Mar. 31, 2023	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Other Income and Expenses [Abstract]
Other income	$ 1,000,000	$ 1,800,000	$ 981,806	$ 0	$ 2,828,871	$ 0

Product Acquisitions And Return Of Product Rights

6 Months Ended

Jun. 30, 2023

Business Combinations [Abstract]

Product Acquisitions And Return Of Product Rights

PRODUCT ACQUISITIONS AND RETURN OF PRODUCT RIGHTS

Vibativ

During November 2018, the Company closed on an agreement with Theravance Biopharma ("Theravance") to acquire the global responsibility for Vibativ including the marketing, distribution, manufacturing and regulatory activities associated with the brand. Vibativ is a patented, FDA approved injectable anti-infective for the treatment of certain serious bacterial infections including hospital-acquired and ventilator-associated bacterial pneumonia and complicated skin and skin structure infections. It addresses a range of Gram-positive bacterial pathogens, including those that are considered difficult-to-treat and multidrug-resistant.

Cumberland has accounted for the transaction as a business combination in accordance with ASC 805 and the product sales are included in the results of operations subsequent to the acquisition date. The Company made an upfront payment of $20.0 million at the closing of the transaction and a $5.0 million milestone payment in early April 2019. In addition, Cumberland has agreed to pay a royalty of up to 20% of on-going net sales of the product after the $2.5 million threshold is met. The future royalty payments were required to be recognized at their acquisition-date fair value as a contingent consideration liability, as part of the contingent consideration transferred in the business combination. Cumberland prepared the valuations of the contingent consideration liability utilizing significant unobservable inputs. As a result, the valuation is classified as Level 3 fair value measurement.

The following table presents the changes in the fair value of the contingent consideration liability that is remeasured on a recurring basis. The contingent consideration earned and accrued in operating expenses is paid to Theravance quarterly.











Balance at December 31, 2022	$	4,154,823
Cash payment of royalty during the period	(245,391)
Change in fair value of contingent consideration included in operating expenses	109,185
Contingent consideration earned and accrued in operating expenses	292,232
Balance at June 30, 2023	$	4,310,849

The contingent consideration liability of $4.3 million was accounted for as $1.6 million of other current liabilities and $2.7 million of other long-term liabilities on the condensed consolidated balance sheet as of June 30, 2023.

Sancuso

On January 3, 2022, Cumberland acquired the U.S. rights to the FDA-approved oncology-supportive care medicine Sancuso from Kyowa Kirin, Inc. ("Kyowa Kirin"), the U.S. affiliate of Japan-based Kyowa Kirin Co., Ltd.

Sancuso is the first and only FDA-approved prescription patch for the prevention of nausea and vomiting in patients receiving certain types of chemotherapy treatment. The active drug in Sancuso, granisetron, slowly dissolves in the thin layer of adhesive that sticks to the patient’s skin and is released into their bloodstream over several days, working continuously to prevent chemotherapy-induced nausea and vomiting (“CINV”). It is applied 24 to 48 hours before receiving chemotherapy and can prevent CINV for up to five consecutive days. Alternative oral treatments must be taken several times (day and night) to deliver the same therapeutic doses.

Cumberland acquired U.S. rights to Sancuso and assumed full commercial responsibility for the product in the U.S. – including its marketing, promotion, distribution, manufacturing and medical support activities.

Cumberland has accounted for the transaction as a business combination in accordance with ASC 805 and the product sales are included in the results of operations subsequent to the acquisition date. The Company made an upfront payment of $13.5 million at the closing of the transaction. The agreement called for milestone payments of up to $3.5 million based on the attainment of various approvals and sales performance. The Company believes that $1.5 million of the milestone payments will be earned and paid. In March 2023, Cumberland paid $1.0 million of the $3.5 million milestone payments to Kwoya Kirin for the approval by the FDA of the manufacturing site for the product.

In addition, Cumberland has agreed to pay a royalty of up to 10% of on-going net sales of the product. The future royalty payments were required to be recognized at their acquisition-date fair value as a contingent consideration liability, as part of the contingent consideration transferred in the business combination. Cumberland has prepared a valuation of the contingent consideration liability utilizing significant unobservable inputs. As a result, the valuation is classified as Level 3 fair value measurement.

The acquisition was funded by cash and the Company's revolving credit facility. The fair value for the assets and liabilities assumed were as follows: prepaid expenses of $1.8 million, inventory of $2.6 million, goodwill of $0.03 million, intangible assets of $14.1 million, milestone payable of $1.7 million and contingent liability of $3.4 million.

The following table presents the changes in the fair value of the contingent consideration liability that is remeasured on a recurring basis.











Balance at December 31, 2022	$	4,757,000
Cash payment of milestones and royalty during the period	(1,407,598)
Change in fair value of contingent consideration included in operating expenses	(585,792)
Contingent consideration earned and accrued in operating expenses	352,390
Balance at June 30, 2023	$	3,116,000

The contingent consideration liability earned and accrued in operating expenses is paid to Kyowa Kirin quarterly. The contingent consideration liability of $3.1 million was accounted for as $1.9 million of current liabilities and $1.2 million of other long-term liabilities on the condensed consolidated balance sheet as of June 30, 2023.

Leases (Tables)

6 Months Ended

Jun. 30, 2023

Leases [Abstract]

Lease Position

At June 30, 2023 and December 31, 2022, the Company's lease assets and liabilities were as follows:


Right-of-Use Assets	June 30, 2023		December 31, 2022
Operating lease right-of-use assets	$	6,831,502	$	5,218,403


Lease Liabilities	June 30, 2023		December 31, 2022
Operating lease current liabilities	$	320,837	$	172,910

Operating lease noncurrent liabilities	5,477,040		4,586,301
Total	$	5,797,877	$	4,759,211

Schedule of Maturity of Lease Liabilities

Future minimum lease payments under non-cancelable operating leases (with initial or remaining lease terms in excess of one year) are as follows:


Maturity of Lease Liabilities at June 30, 2023	Operating Leases
2023	422,975
2024	863,320
2025	836,100
2026	909,911
2027	934,180
After 2027	5,588,192
Total lease payments	9,554,678
Less: Interest	3,756,801
Present value of lease liabilities	$	5,797,877

Schedule of Rent Expense and Sublease Income

Rent expense and sublease income were as follows:


	Three months ended June 30,				Six months ended June 30,
	2023		2022		2023		2022
Rent expense	$	226,772	$	285,963	$	501,029	$	574,071

Sublease income	$	130,842	$	161,804	$	245,499	$	296,237

Leases

6 Months Ended

Jun. 30, 2023

Leases [Abstract]

LEASES

On November 15, 2021, Cumberland entered into a lease (the "Lease"), pursuant to which the Company leases approximately 16,903 rentable square feet of space (the "Leased Premise") at Broadwest located in Nashville, Tennessee with 1600 West End Avenue Partners, LLC (the "Landlord"). The Leased Premise serves as the Company's new corporate headquarters. The initial term of the Lease is one hundred fifty-seven (157) months, with two consecutive options to renew for a period of five years each, with the commencement date of October 25, 2022. This lease currently expires in November 2035.

The Company is responsible for paying rent to the Landlord under the Lease beginning three months after the commencement date. The Company pays a base rent of $33.06 per square foot of rentable space with a gradual rental rate increase of 2.5% for each year thereafter of the prior year's base rental. In addition to the monthly base rent, the Company is responsible for its percentage share of the operating expenses of the building. The Lease also provides for a tenant improvement allowance for the space.

In addition, the Company's operating leases also include the lease of approximately 14,200 square feet of wet laboratory and office space in Nashville, Tennessee by CET, our majority-owned subsidiary, where it operates the CET Life Sciences Center. The research lab space at CET, under an agreement amended in July 2012, is leased through April 2028. The Company also subleases a portion of the space under this lease.

Operating lease liabilities were recorded as the present value of remaining lease payments not yet paid for the lease term discounted using the incremental borrowing rate associated with each lease. Operating lease right-of-use assets represent operating lease liabilities adjusted for lease incentives and initial direct costs. As the Company’s leases do not contain implicit

borrowing rates, the incremental borrowing rates were calculated based on information available at January 1, 2019 and October 25, 2022. Incremental borrowing rates reflect the Company’s estimated interest rates for collateralized borrowings over similar lease terms. The weighted-average remaining lease term for the Broadwest and CET leases is 10.9 years at June 30, 2023. The weighted-average incremental borrowing rate used to discount the present value of the remaining lease payments is 9.28% for the Broadwest lease and 9.9% for the remaining CET lease. Also included as a ROU asset is an embedded lease of $0.9 million related to our new manufacturer for Vaprisol.

Lease Position

At June 30, 2023 and December 31, 2022, the Company's lease assets and liabilities were as follows:


Right-of-Use Assets	June 30, 2023		December 31, 2022
Operating lease right-of-use assets	$	6,831,502	$	5,218,403


Lease Liabilities	June 30, 2023		December 31, 2022
Operating lease current liabilities	$	320,837	$	172,910

Operating lease noncurrent liabilities	5,477,040		4,586,301
Total	$	5,797,877	$	4,759,211

As of June 30, 2023, cumulative future minimum sublease income under non-cancelable operating subleases totals approximately $1.8 million and will be paid through the leases ending in April 2028. Future minimum lease payments under non-cancelable operating leases (with initial or remaining lease terms in excess of one year) are as follows:


Maturity of Lease Liabilities at June 30, 2023	Operating Leases
2023	422,975
2024	863,320
2025	836,100
2026	909,911
2027	934,180
After 2027	5,588,192
Total lease payments	9,554,678
Less: Interest	3,756,801
Present value of lease liabilities	$	5,797,877

Rent expense is recognized over the expected term of the lease, including renewal option periods, if applicable, on a straight-line basis as a component of general and administrative expense. Rent expense and sublease income were as follows:


	Three months ended June 30,				Six months ended June 30,
	2023		2022		2023		2022
Rent expense	$	226,772	$	285,963	$	501,029	$	574,071

Sublease income	$	130,842	$	161,804	$	245,499	$	296,237

Inventories

6 Months Ended

Jun. 30, 2023

Inventory Disclosure [Abstract]

INVENTORIES

The Company works closely with third parties to manufacture and package finished goods for sale. Based on the arrangements with the manufacturer or packager, the Company will either take title to the finished goods at the time of shipment or at the time of arrival at the Company’s warehouses. The Company then holds such goods in inventory until distribution and sale. These finished goods inventories are stated at the lower of cost or net realizable value with cost determined using the first-in, first-out method.

The Company continually evaluates inventory for potential losses due to excess, obsolete or slow-moving goods by comparing sales history and projections to the inventory on hand. When evidence indicates that the carrying value may not be recoverable, a charge is taken to reduce the inventory to its current net realizable value. At June 30, 2023, there were no cumulative obsolescence and discontinuance losses necessary. At December 31, 2022, the Company had recognized and maintained cumulative net realizable value charges for potential obsolescence and discontinuance losses of approximately $0.5 million.

The Company is responsible for the purchase of the active pharmaceutical ingredient (“API”) for Kristalose and maintains the inventory. As that API is consumed in production, the value of the API is transferred from raw materials to finished goods. API for the Company's Vaprisol brand is also included in the raw materials inventory. Consigned inventory represents Authorized Generic inventory stored with our partner until shipment.

As part of the Vibativ acquisition, the Company acquired API and work in process inventories of $15.6 million that were all initially classified as non-current inventories at the date of acquisition. At June 30, 2023 and December 31, 2022, total non-current inventory, including Vibativ and our clinical trial drug ifetroban, was $6.7 million and $7.5 million, respectively. The Company had Vibativ finished goods of $0.9 million included in non-current inventory at June 30, 2023, and no non-current inventory at December 31, 2022. The Company also had $0.3 million in non-current inventory for API related to its ifetroban clinical initiatives at June 30, 2023 and December 31, 2022, and $0.2 million and $0.1 million of finished goods, respectively.

At June 30, 2023 and December 31, 2022, the Company's net inventories consisted of the following:


	June 30, 2023		December 31, 2022

Raw materials and work in process	$	12,859,432	$	12,899,659
Consigned inventory	126,753		168,923
Finished goods	4,636,673		4,322,166
Total inventories	17,622,858		17,390,748
less non-current inventories	(6,694,452)		(7,527,167)
Total inventories classified as current	$	10,928,406	$	9,863,581

Inventories (Narrative) (Details) - USD ($)	Jun. 30, 2023	Dec. 31, 2022
Inventory [Line Items]
Obsolescence and discontinuance losses	$ 0	$ 500,000
Non-current inventories	6,694,452	7,527,167
Finished goods, net of reserve	4,636,673	4,322,166
Ifetroban Clinical
Inventory [Line Items]
Non-current inventories	300,000	300,000
Finished goods, net of reserve	200,000	100,000
Vibativ
Inventory [Line Items]
Non-current inventories		15,600,000
Finished goods, net of reserve	$ 900,000	$ 0

Earnings (Loss) Per Share

6 Months Ended

Jun. 30, 2023

Earnings Per Share [Abstract]

EARNINGS (LOSS) PER SHARE

The following table reconciles the numerator and denominator used to calculate basic and diluted earnings (loss) per share for the three and six months ended June 30, 2023 and 2022:



	Three months ended June 30,
	2023		2022
Numerator:
Net income (loss) attributable to common shareholders	$	872,200	$	(1,335,620)
Denominator:
Weighted-average shares outstanding – basic	14,393,711		14,688,505
Dilutive effect of other securities	160,553		—
Weighted-average shares outstanding – diluted	14,554,264		14,688,505

	Six months ended June 30,
	2023		2022
Numerator:
Net income (loss) attributable to common shareholders	$	1,064,384	$	(2,720,873)
Denominator:
Weighted-average shares outstanding – basic	14,376,260		14,689,798
Dilutive effect of other securities	194,538		—
Weighted-average shares outstanding – diluted	14,570,798		14,689,798

As of June 30, 2023 and 2022, restricted stock awards and options to purchase 413,074 and 289,975 shares of common stock, respectively, were outstanding but were not included in the computation of diluted earnings per share because the effect would be antidilutive.

Condensed Consolidated Statement of Equity - USD ($)	Total	Common stock	Accumulated deficit	Noncontrolling interests
Balance, Beginning of Period (in shares) at Dec. 31, 2021		14,742,754
Balance, Beginning of Period at Dec. 31, 2021	$ 42,601,978	$ 48,452,906	$ (5,638,600)	$ (212,328)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Share-based compensation (in shares)		162,155
Share-based compensation	159,901	$ 159,901
Repurchase of shares (in shares)		(174,149)
Repurchase of common shares	(566,043)	$ (566,043)
Net income (loss)	(1,402,433)		(1,385,253)	(17,180)
Balance, End of Period (in shares) at Mar. 31, 2022		14,730,760
Balance, End of Period at Mar. 31, 2022	40,793,403	$ 48,046,764	(7,023,853)	(229,508)
Balance, Beginning of Period (in shares) at Dec. 31, 2021		14,742,754
Balance, Beginning of Period at Dec. 31, 2021	42,601,978	$ 48,452,906	(5,638,600)	(212,328)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Repurchase of shares (in shares)		(257,466)
Repurchase of common shares		$ (800,000)
Net income (loss)	(2,767,099)
Balance, End of Period (in shares) at Jun. 30, 2022		14,649,693
Balance, End of Period at Jun. 30, 2022	39,204,292	$ 47,822,319	(8,359,473)	(258,554)
Balance, Beginning of Period (in shares) at Mar. 31, 2022		14,730,760
Balance, Beginning of Period at Mar. 31, 2022	40,793,403	$ 48,046,764	(7,023,853)	(229,508)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Share-based compensation (in shares)		2,250
Share-based compensation	(27,753)	$ (27,753)
Repurchase of shares (in shares)		(83,317)
Repurchase of common shares	(196,692)	$ (196,692)
Net income (loss)	(1,364,666)		(1,335,620)	(29,046)
Balance, End of Period (in shares) at Jun. 30, 2022		14,649,693
Balance, End of Period at Jun. 30, 2022	$ 39,204,292	$ 47,822,319	(8,359,473)	(258,554)
Balance, Beginning of Period (in shares) at Dec. 31, 2022	14,366,616	14,366,616
Balance, Beginning of Period at Dec. 31, 2022	$ 35,974,006	$ 47,474,973	(11,208,841)	(292,126)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Share-based compensation (in shares)		150,260
Share-based compensation	90,156	$ 90,156
Repurchase of shares (in shares)		(86,829)
Repurchase of common shares	(187,961)	$ (187,961)
Net income (loss)	172,286		192,184	(19,898)
Balance, End of Period (in shares) at Mar. 31, 2023		14,430,047
Balance, End of Period at Mar. 31, 2023	$ 36,048,487	$ 47,377,168	(11,016,657)	(312,024)
Balance, Beginning of Period (in shares) at Dec. 31, 2022	14,366,616	14,366,616
Balance, Beginning of Period at Dec. 31, 2022	$ 35,974,006	$ 47,474,973	(11,208,841)	(292,126)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Repurchase of shares (in shares)		(185,886)
Repurchase of common shares		$ (400,000)
Net income (loss)	$ 1,034,440
Balance, End of Period (in shares) at Jun. 30, 2023	14,330,990	14,330,990
Balance, End of Period at Jun. 30, 2023	$ 36,836,902	$ 47,303,429	(10,144,457)	(322,070)
Balance, Beginning of Period (in shares) at Mar. 31, 2023		14,430,047
Balance, Beginning of Period at Mar. 31, 2023	36,048,487	$ 47,377,168	(11,016,657)	(312,024)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Share-based compensation	97,877	$ 97,877
Repurchase of shares (in shares)		(99,057)
Repurchase of common shares	(171,616)	$ (171,616)
Net income (loss)	$ 862,154		872,200	(10,046)
Balance, End of Period (in shares) at Jun. 30, 2023	14,330,990	14,330,990
Balance, End of Period at Jun. 30, 2023	$ 36,836,902	$ 47,303,429	$ (10,144,457)	$ (322,070)

- Definition

The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(g)(1)(ii))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480678/235-10-S99-1

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+ Details

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Number of shares that have been repurchased during the period and have not been retired and are not held in treasury. Some state laws may govern the circumstances under which an entity may acquire its own stock and prescribe the accounting treatment therefore. This element is used when state law does not recognize treasury stock.

+ References + Details

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Equity impact of the value of stock that has been repurchased during the period and has not been retired and is not held in treasury. Some state laws may mandate the circumstances under which an entity may acquire its own stock and prescribe the accounting treatment therefore. This element is used when state law does not recognize treasury stock.

+ References + Details

- Definition

Amount of equity (deficit) attributable to parent and noncontrolling interest. Excludes temporary equity.

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+ Details

Organization and Basis of Presentation (Policies)	6 Months Ended
Organization and Basis of Presentation (Policies)	Jun. 30, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Recent Accounting Guidance	Recent Accounting Guidance Recent Accounting Pronouncements In June 2016, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update ("ASU") No. 2016-13, “Financial Instruments-Credit Losses,” which changes the impairment model for most financial assets and certain other instruments. For trade and other receivables, held-to-maturity debt securities, loans and other instruments, companies are required to use a new forward-looking “expected loss” model that generally results in an earlier recognition of allowances for losses. For available-for-sale debt securities with unrealized losses, companies measure credit losses in a manner similar with previous guidance, except that the losses are recognized as allowances rather than as reductions in the amortized cost of the securities. Companies have to disclose additional information, including information they use to track credit quality by year of origination for most financing receivables. Companies apply the ASU’s provisions as a cumulative-effect adjustment, if any, to the accumulated deficit as of the beginning of the first reporting period in which the guidance is adopted. Related to ASU No. 2016-13 discussed above, in May 2019, the FASB issued ASU 2019-05, "Financial Instruments-Credit Losses (Topic 326): Targeted Transition Relief" which provides transition relief for ASU 2016-13 by providing entities with an alternative to irrevocably elect the fair value option for eligible financial assets measured at amortized cost upon adoption of the new credit losses standard. Certain eligibility requirements must be met and the election must be applied on an instrument-by-instrument basis. The election is not available for either available-for-sale or held-to-maturity debt securities. The Company adopted both ASU 2016-13 and ASU 2019-05 on January 1, 2023. Please refer to Trade and Notes Receivables Policy below.
Use of Estimates	Use of Estimates The preparation of the condensed consolidated financial statements in conformity with U.S. generally accepted accounting principles requires management of the Company to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the period. Actual results could differ from those estimates under different assumptions and conditions. The Company's most significant estimates include: (1) its allowances for chargebacks and accruals for rebates and product returns, (2) the allowances for obsolescent or unmarketable inventory and (3) valuation of contingent consideration liabilities associated with business combinations.
Operating Segments	Operating SegmentsThe Company has one operating segment which is specialty pharmaceutical products. Management has chosen to organize the Company based on the type of products sold. Operating segments are identified as components of an enterprise about which separate discrete financial information is evaluated by the chief operating decision maker, or decision-making group, in making decisions regarding resource allocation and assessing performance. The Company, which uses consolidated financial information in determining how to allocate resources and assess performance, has concluded that our specialty pharmaceutical products compete in similar economic markets and similar circumstances. Substantially all of the Company’s assets are located in the United States and total revenues are primarily attributable to U.S. customers.
Trade and Note Receivables Policy	Trade and Note Receivables Policy Management performed a scoping exercise to ensure completeness over the application of Current Expected Credit Losses (CECL) across the various financial instruments including trade and note receivables. CECL is applicable to all financial assets measured at amortized cost. The authoritative guidance requires that all financial instruments should be evaluated, including cash equivalents such as 3-month T-Bills, even if the expected loss is determined to be zero, or materially zero. All bank balances are maintained in cash or money market funds. Therefore for the Company, this principally relates to trade receivables and two notes receivable. CECL also requires the measurement of expected credit losses on a collective (pool) basis when similar risk characteristics exist. This may include, either individually or in combination, some of the following characteristics (326-20-55-5): a.Internal or external credit score/rating b.Risk ratings or classification c.Financial asset type d.Size e.Effective interest rate f.Term g.Geographical location h.Historical or expected credit loss patterns i.Reasonable and supportable forecast periods The standard requires entities to pool financial assets but allows them to choose which risk characteristics to use. Under the requirements of the guidance, the Company would need to reassess at the end of each reporting period whether the pool of assets continue to display similar risk characteristics. With twenty years of experience, Cumberland has experienced virtually no write downs of receivables as most of our receivables are due from large successful pharmaceutical, healthcare or government customers, consistently making payments on account. Although the payment behaviors of all of our customers are consistently reliable, for the sake of transparency, we have separated our customer base into seven separate pools. The Company performs a monthly analysis of aged accounts receivable to determine how much, if any, of the accounts receivable balance should be reserved as potential bad debt. The Company reviews all balances over 90 days past due for a possible reserve and considers any specific factors or information for balances aged under 90 days if there are indicators that the balance should be reserved, such as other aged balances with the customer or bankruptcy as well as any economic issues with a customer industry or region. The adoption of Accounting Standards Codification ("ASC") 326 did not result in a material impact to the Company.

- Definition

Disclosure of accounting policy for segment reporting.

+ References + Details

Product Acquisitions And Return Of Product Rights - Change in Consideration, Sancuso Acquisition (Details) - USD ($)	6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022
Loss Contingency Accrual [Roll Forward]
Change in fair value of contingent consideration included in operating expenses	$ (476,606)	$ (68,334)
Sancuso
Loss Contingency Accrual [Roll Forward]
Beginning balance	4,757,000
Cash payment of milestones and royalty during the period	(1,407,598)
Change in fair value of contingent consideration included in operating expenses	(585,792)
Contingent consideration earned and accrued in operating expenses	352,390
Ending balance	$ 3,116,000

Product Acquisitions And Return Of Product Rights (Tables)

6 Months Ended

Jun. 30, 2023

Business Combinations [Abstract]

Schedule of Business Acquisitions by Acquisition, Contingent Consideration











Balance at December 31, 2022	$	4,154,823
Cash payment of royalty during the period	(245,391)
Change in fair value of contingent consideration included in operating expenses	109,185
Contingent consideration earned and accrued in operating expenses	292,232
Balance at June 30, 2023	$	4,310,849

The following table presents the changes in the fair value of the contingent consideration liability that is remeasured on a recurring basis.











Balance at December 31, 2022	$	4,757,000
Cash payment of milestones and royalty during the period	(1,407,598)
Change in fair value of contingent consideration included in operating expenses	(585,792)
Contingent consideration earned and accrued in operating expenses	352,390
Balance at June 30, 2023	$	3,116,000

Shareholders' Equity and Debt	6 Months Ended
Shareholders' Equity and Debt	Jun. 30, 2023
Equity and Debt [Abstract]
SHAREHOLDERS' EQUITY AND DEBT	SHAREHOLDERS’ EQUITY AND DEBT Share repurchases Cumberland currently has a share repurchase program available to repurchase up to $10 million of its common stock pursuant to Rule 10b-18 of the Securities Exchange Act of 1934. In January 2019, the Company's Board of Directors established the current $10 million repurchase program to replace the prior authorizations. During the six months ended June 30, 2023 and June 30, 2022, the Company repurchased 185,886 shares and 257,466 shares of common stock for approximately $0.4 million and $0.8 million, respectively. At June 30, 2023, approximately $3.4 million was available for the repurchase of common shares under this program. Share purchases and sales In the Company's May 2023 trading window, several members of Cumberland's Board of Directors entered into agreements for trading plans to purchase shares of the Company's stock pursuant to Rule 10b5-1 of the Securities Exchange Act of 1934. These purchases are designed to increase ownership in the Company by the members of the Board. Purchases of shares through these plans are expected to begin in August 2023. Share Sales In November 2017, Cumberland filed a Shelf Registration on Form S-3 with the SEC associated with the sale of up to $100 million in corporate securities. The Shelf Registration was declared effective in January 2018. It also included an At the Market ("ATM") feature that allowed the Company to sell common shares at market prices, along with an agreement with B. Riley FBR Inc. to support such a placement of shares. The Company filed an updated Form S-3 with the SEC in December 2020, which was declared effective in January 2021. On December 27, 2021, the Company filed a related prospectus supplement in connection with the sale and issuance of shares having an aggregate gross sales price of up to $19 million. The Company intends to continue an ATM feature through B. Riley FBR, Inc. that would allow the Company to issue shares of its common stock. The Company did not issue any shares under an ATM during the six months ended June 30, 2023 or June 30, 2022. Restricted Share Grants and Incentive Stock Options During the six months ended June 30, 2023 and June 30, 2022, the Company issued 34,250 shares and 65,225 shares of restricted stock, respectively, to employees, advisors and directors. Restricted stock issued to employees and advisors generally cliff-vests on the fourth anniversary of the date of grant and for directors on the one-year anniversary of the date of grant. During the six months ended June 30, 2023 and 2022, the Company also issued 184,500 and 169,800 incentive stock options, respectively, to employees that cliff-vest on the fourth anniversary of the date of grant, and are set to expire in 2033 and 2032, respectively. Stock compensation expense is presented as a component of general and administrative expense in the condensed consolidated statements of operations as it relates to these restricted share grants and options. For the six months ended June 30, 2023, we recorded a credit of $0.04 million to stock compensation expense related to the forfeiture of unvested restricted stock awards. Debt Agreement On December 31, 2021, the Company entered into a Fifth Amendment to the Revolving Credit Note and Sixth Amendment (the "Sixth Amendment") to Revolving Credit Loan Agreement with Pinnacle Bank (the "Pinnacle Agreement"). The Sixth Amendment increased the principal amount by $5 million to $20 million. On October 28, 2021, the Company entered into a Fourth Amendment to the Revolving Credit Note and Fifth Amendment to Revolving Credit Loan Agreement with Pinnacle Bank. Among other terms, the Fourth Amendment extended the maturity date to October 1, 2024 and includes a specific financial covenant. In 2022, the Company and Pinnacle Bank agreed to modify the financial covenants to align with the current use of the line of credit. On March 31, 2022, the Company and Pinnacle Bank entered into a Seventh Amendment to the Revolving Credit Loan Agreement to revise and update the Maximum Funded Debt Ratio financial covenant and to delete from the Pinnacle Agreement the Funded Debt to Tangible Capital Ratio financial covenant. These changes were made to more appropriately reflect the impact from the Sancuso acquisition. On June 30, 2022, the Company entered into the Eighth Amendment to the Revolving Credit Loan Agreement with Pinnacle Bank permitting the Maximum Funded Debt Ratio to be calculated on a rolling four-quarter basis to be no more than 3.00 to 1.00 for the second and third quarters of 2022 and 2.50 to 1.00 for each quarter thereafter. On September 29, 2022, the Company entered into the Ninth Amendment to the Revolving Credit Loan Agreement with Pinnacle Bank (as amended, the "Pinnacle Agreement") to update the Funded Debt Ratio to mean the ratio of (i) Funded Debt less the amount of Unrestricted Cash in excess of $8,500,000, to (ii) EBITDA, as determined at the end of each fiscal quarter on a rolling four (4) quarter basis. For the quarter ended June 30, 2023, we were in compliance with the Funded Debt Ratio financial covenant. The interest rate on the Pinnacle Agreement was based on LIBOR plus an interest rate spread. The pricing under the Pinnacle Agreement provides for an interest rate spread of 1.75% to 2.75% above LIBOR with a minimum LIBOR of 0.90%. The applicable interest rate under the Pinnacle Agreement was 8.0% at June 30, 2023. In addition, a fee of 0.25% per year is charged on the unused line of credit. Interest and the unused line fee are payable quarterly. The LIBOR rate is no longer used as of June 30, 2023, at which time the benchmark rate was changed from LIBOR to Term SOFR. As of June 30, 2023 and December 31, 2022, the Company had $13.1 million and $16.2 million, respectively, in borrowings outstanding under its revolving credit facility. Borrowings under the line of credit are collateralized by substantially all of our assets. Joint Venture Agreement In August 2020, Cumberland entered into an agreement with WinHealth Investment (Singapore) Ltd creating WHC Biopharmaceuticals, Pte. Ltd. The joint venture, as a limited liability company, will focus on acquiring, developing, registering, and commercializing development stage and commercial stage biopharmaceuticals for China, Hong Kong and other Asian markets. The agreement provides for initial investment from WinHealth in the form of a $0.2 million equity contribution and an initial investment from Cumberland in the form of a $0.2 million convertible note, which was funded during the first quarter of 2021. The joint venture will seek additional future capital from additional investors and has entered into exclusive option agreements to license product candidates from both Cumberland Pharmaceuticals Inc. and Cumberland Emerging Technologies Inc.

- Definition

The entire disclosure for equity.

+ References

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+ Details

Condensed Consolidated Statements of Operations - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Income Statement [Abstract]
Net revenues	$ 10,888,877	$ 10,299,152	$ 20,113,515	$ 21,474,197
Costs and expenses:
Cost of products sold	1,520,774	2,031,884	2,771,038	4,243,769
Selling and marketing	4,672,075	4,556,685	8,949,393	9,171,114
Research and development	1,145,038	1,823,693	2,644,708	3,568,829
General and administrative	2,369,883	2,203,975	4,868,876	4,506,324
Amortization	1,158,248	1,529,453	2,388,319	3,122,698
Total costs and expenses	10,866,018	12,145,690	21,622,334	24,612,734
Operating income (loss)	22,859	(1,846,538)	(1,508,819)	(3,138,537)
Interest income	57,061	15,066	107,251	31,107
Other income - gain on insurance proceeds	0	611,330	0	611,330
Other income	981,806	0	2,828,871	0
Interest expense	(192,635)	(137,624)	(378,988)	(257,199)
Income (loss) before income taxes	869,091	(1,357,766)	1,048,315	(2,753,299)
Income tax expense	(6,937)	(6,900)	(13,875)	(13,800)
Net income (loss)	862,154	(1,364,666)	1,034,440	(2,767,099)
Net loss at subsidiary attributable to noncontrolling interests	10,046	29,046	29,944	46,226
Net income (loss) attributable to common shareholders	$ 872,200	$ (1,335,620)	$ 1,064,384	$ (2,720,873)
Earnings (loss) per share attributable to common shareholders
Earnings (loss) per share attributable to common shareholders - Continuing operations - basic (in dollars per share)	$ 0.06	$ (0.09)	$ 0.07	$ (0.19)
Earnings (loss) per share attributable to common shareholders - Continuing operations - diluted (in dollars per share)	$ 0.06	$ (0.09)	$ 0.07	$ (0.19)
Weighted-average shares outstanding
- basic (in shares)	14,393,711	14,688,505	14,376,260	14,689,798
- diluted (in shares)	14,554,264	14,688,505	14,570,798	14,689,798

Organization and Basis of Presentation Organization (Details)	6 Months Ended
	Jun. 30, 2023 Segment
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Number of operating segments	1

Product Acquisitions And Return Of Product Rights - Narrative (Details) - USD ($)		1 Months Ended		6 Months Ended
	Jan. 03, 2022	Nov. 30, 2018	Nov. 30, 2016	Jun. 30, 2023	Jun. 30, 2022	Mar. 31, 2023	Dec. 31, 2022	Jul. 12, 2022	Dec. 31, 2021	Jul. 31, 2020
Business Acquisition [Line Items]
Payment to acquire business upon closing				$ 0	$ 13,500,000
Goodwill				914,000			$ 914,000
Kyowa Kirin \| Collaborative Arrangement, Transaction with Party to Collaborative Arrangement
Business Acquisition [Line Items]
Upfront payment	$ 13,500,000
Sales milestone payments, maximum	$ 3,500,000
Sales milestone payments, expected				1,500,000
Sales milestone payments						$ 1,000,000
Kyowa Kirin \| Collaborative Arrangement, Transaction with Party to Collaborative Arrangement \| Maximum
Business Acquisition [Line Items]
Tiered royalty, percent	10.00%
Nordic Group B.V. \| Collaborative Arrangement, Transaction with Party to Collaborative Arrangement
Business Acquisition [Line Items]
Milestone payment receivable								$ 1,000,000
Milestone payment credit due								$ 1,000,000
Nordic Group B.V. \| Collaborative Arrangement, Transaction with Party to Collaborative Arrangement \| Restricted Stock
Business Acquisition [Line Items]
Restricted shares receivable (in shares)								180,000
Vibativ
Business Acquisition [Line Items]
Payment to acquire business upon closing		$ 20,000,000
Other payments to acquire businesses		$ 5,000,000
Percentage of tiered royalty payments (up to)		20.00%
Tiered royalty payment, threshold		$ 2,500,000
Additional liability				4,310,849			4,154,823
Current portion of the contingent consideration liability				1,600,000
Noncurrent portion of the contingent consideration liability				2,700,000
Sancuso
Business Acquisition [Line Items]
Other payments to acquire businesses	$ 1,700,000
Additional liability	3,400,000			3,116,000			$ 4,757,000
Current portion of the contingent consideration liability				1,900,000
Noncurrent portion of the contingent consideration liability				1,200,000
Prepaid expenses	1,800,000
Inventory	2,600,000
Goodwill	30,000.00
Intangible assets	$ 14,100,000
Methotrexate
Business Acquisition [Line Items]
Payment to acquire business upon closing			$ 100,000
Additional liability									$ 1,000,000	$ 1,000,000
Liability recorded			$ 900,000
Vested common stock, value				$ 900,000
Methotrexate \| Restricted Stock
Business Acquisition [Line Items]
Unvested restricted shares (in shares)			180,000

Product Acquisitions And Return Of Product Rights - Change in Consideration, Vibativ (Details) - USD ($)	6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022
Loss Contingency Accrual [Roll Forward]
Change in fair value of contingent consideration included in operating expenses	$ (476,606)	$ (68,334)
Vibativ
Loss Contingency Accrual [Roll Forward]
Beginning balance	4,154,823
Cash payment of royalty during the period	(245,391)
Change in fair value of contingent consideration included in operating expenses	109,185
Contingent consideration earned and accrued in operating expenses	292,232
Ending balance	$ 4,310,849

Inventories (Schedule of Inventories) (Details) - USD ($)	Jun. 30, 2023	Dec. 31, 2022
Inventory
Raw materials and work in process	$ 12,859,432	$ 12,899,659
Consigned inventory	126,753	168,923
Finished goods	4,636,673	4,322,166
Total inventories	17,622,858	17,390,748
less non-current inventories	(6,694,452)	(7,527,167)
Total inventories classified as current	$ 10,928,406	$ 9,863,581

Revenues - Schedule of Revenue (Details) - USD ($)	3 Months Ended		6 Months Ended
Revenues - Schedule of Revenue (Details) - USD ($)	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Products:
Revenues	$ 10,888,877	$ 10,299,152	$ 20,113,515	$ 21,474,197
Kristalose
Products:
Revenues	4,110,718	3,570,272	8,425,846	7,515,368
Sancuso
Products:
Revenues	1,916,966	3,398,548	3,803,759	6,795,758
Vibativ
Products:
Revenues	2,147,826	1,596,821	3,996,013	4,098,255
Caldolor
Products:
Revenues	1,226,314	1,193,916	2,161,356	2,153,546
Acetadote
Products:
Revenues	150,163	126,789	320,019	237,884
Vaprisol
Products:
Revenues	23,857	(134,621)	39,866	(251,623)
Omeclamox-Pak
Products:
Revenues	8,062	(26,412)	5,544	(3,676)
RediTrex
Products:
Revenues	9,493	93,676	(131,552)	152,904
Other revenue
Products:
Revenues	$ 1,295,478	$ 480,163	$ 1,492,664	$ 775,781

Leases - Rent Expense (Details) - USD ($)	3 Months Ended		6 Months Ended
Leases - Rent Expense (Details) - USD ($)	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Leases [Abstract]
Rent expense	$ 226,772	$ 285,963	$ 501,029	$ 574,071
Sublease income	$ 130,842	$ 161,804	$ 245,499	$ 296,237

Condensed Consolidated Balance Sheets - USD ($)	Jun. 30, 2023	Dec. 31, 2022
Current assets:
Cash and cash equivalents	$ 18,249,086	$ 19,757,970
Accounts receivable, net	12,218,756	13,163,681
Inventories, net	10,928,406	9,863,581
Prepaid and other current assets	2,277,885	3,084,978
Total current assets	43,674,133	45,870,210
Non-current inventories	6,694,452	7,527,167
Property and equipment, net	384,383	284,039
Intangible assets, net	28,269,781	30,590,678
Goodwill	914,000	914,000
Operating lease right-of-use assets	6,831,502	5,218,403
Other assets	2,607,109	2,520,661
Total assets	89,375,360	92,925,158
Current liabilities:
Accounts payable	10,912,044	10,819,011
Operating lease current liabilities	320,837	172,910
Other current liabilities	15,726,206	17,587,911
Total current liabilities	26,959,087	28,579,832
Revolving line of credit	13,148,125	16,200,000
Operating lease noncurrent liabilities	5,477,040	4,586,301
Other long-term liabilities	6,954,206	7,585,019
Total liabilities	52,538,458	56,951,152
Shareholders’ equity:
Common stock—no par value; 100,000,000 shares authorized; 15,555,865 and 15,723,075 shares issued and outstanding as of June 30, 2018 and December 31, 2017, respectively	47,303,429	47,474,973
Accumulated deficit	(10,144,457)	(11,208,841)
Total shareholders’ equity	37,158,972	36,266,132
Noncontrolling interests	(322,070)	(292,126)
Total equity	36,836,902	35,974,006
Total liabilities and equity	$ 89,375,360	$ 92,925,158

Income Taxes	6 Months Ended
Income Taxes	Jun. 30, 2023
Income Tax Disclosure [Abstract]
INCOME TAXES	INCOME TAXESAs of June 30, 2023, the Company has approximately $53.1 million in federal net operating loss carryforwards including approximately $44.1 million of net operating loss carryforwards resulting from the exercise of nonqualified stock options. These have historically been used to significantly offset income tax obligations. The Company expects it will continue to pay minimal income taxes during 2023 and beyond, through the continued utilization of these net operating loss carryforwards, on any taxable income generated from our operations.

- Definition

The entire disclosure for income taxes. Disclosures may include net deferred tax liability or asset recognized in an enterprise's statement of financial position, net change during the year in the total valuation allowance, approximate tax effect of each type of temporary difference and carryforward that gives rise to a significant portion of deferred tax liabilities and deferred tax assets, utilization of a tax carryback, and tax uncertainties information.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 13
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480990/946-20-50-13

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
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-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480678/235-10-S99-1

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-Name Accounting Standards Codification
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-URI https://asc.fasb.org//740/tableOfContent

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
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Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
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Reference 6: http://www.xbrl.org/2003/role/disclosureRef
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Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
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-Paragraph 17
-Subparagraph (b)
-Publisher FASB
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Reference 8: http://www.xbrl.org/2003/role/disclosureRef
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-Section S99
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-Subparagraph (SAB TOPIC 6.I.5.Q1)
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Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 2
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Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
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-Section 50
-Paragraph 2
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482603/740-30-50-2

+ Details

Revenues (Tables)

6 Months Ended

Jun. 30, 2023

Segment Reporting [Abstract]

Summary of net revenue

The Company’s net revenues consisted of the following for the three and six months ended June 30, 2023 and 2022:


	Three months ended June 30,				Six months ended June 30,
	2023		2022		2023		2022
Products:
Kristalose	$	4,110,718	$	3,570,272	$	8,425,846	$	7,515,368
Sancuso	1,916,966		3,398,548		3,803,759		6,795,758
Vibativ	2,147,826		1,596,821		3,996,013		4,098,255
Caldolor	1,226,314		1,193,916		2,161,356		2,153,546
Acetadote	150,163		126,789		320,019		237,884
Vaprisol	23,857		(134,621)		39,866		(251,623)
Omeclamox-Pak	8,062		(26,412)		5,544		(3,676)
RediTrex	9,493		93,676		(131,552)		152,904
Other revenue	1,295,478		480,163		1,492,664		775,781
Total net revenues	$	10,888,877	$	10,299,152	$	20,113,515	$	21,474,197

Revenues - Additional Information (Details)	3 Months Ended		6 Months Ended
Revenues - Additional Information (Details)	Jun. 30, 2023 USD ($) payment	Jun. 30, 2022 USD ($)	Jun. 30, 2023 USD ($) payment	Jun. 30, 2022 USD ($)
Revenue from External Customer [Line Items]
Revenues	$ 10,888,877	$ 10,299,152	$ 20,113,515	$ 21,474,197
Sublease income	130,842	161,804	$ 245,499	296,237
Vibativ \| Collaborative Arrangement, Transaction with Party to Collaborative Arrangement
Revenue from External Customer [Line Items]
Milestone payments received	$ 1,000,000
Milestone payments, number of payments \| payment	2		2
Milestone payments, receivable	$ 500,000		$ 500,000
Grant
Revenue from External Customer [Line Items]
Revenues	$ 60,000.00	$ 40,000.00	$ 100,000	$ 80,000.00

- Definition

Amount, excluding tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value added and excise.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 924
-SubTopic 10
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-Section S99
-Paragraph 1
-Subparagraph (SAB Topic 11.L)
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Reference 2: http://www.xbrl.org/2003/role/disclosureRef
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Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
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Reference 4: http://www.xbrl.org/2003/role/disclosureRef
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-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-42

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
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-Subparagraph (b)
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Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
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Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
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Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
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Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
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Reference 11: http://www.xbrl.org/2003/role/disclosureRef
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-Paragraph 4
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479806/606-10-50-4

+ Details

Collaborative Agreements	6 Months Ended
Collaborative Agreements	Jun. 30, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Collaborative Agreements	COLLABORATIVE AGREEMENTSCumberland is a party to several collaborative arrangements with research institutions to identify and pursue promising pharmaceutical product candidates. The funding for these programs is primarily provided through Federal Small Business Administration (SBIR/STTR) and other grant awards. The Company has determined that these collaborative agreements, with the exception of the collaborative payment received related to RediTrex, do not meet the criteria for accounting under ASC Topic 808, Collaborative Agreements. The agreements do not specifically designate each party’s rights and obligations to each other under the collaborative arrangements. Except for patent defense costs, expenses incurred by one party are not required to be reimbursed by the other party. Expenses incurred under these collaborative agreements are included in research and development expenses and funding received from grants are recorded as net revenues in the condensed consolidated statements of operations.

Income Taxes (Details Textual) $ in Millions	Jun. 30, 2023 USD ($)
Income Tax Contingency [Line Items]
Net operating loss carryforwards	$ 44.1
Federal
Income Tax Contingency [Line Items]
Net operating loss carryforwards	$ 53.1

Revenues

6 Months Ended

Jun. 30, 2023

Segment Reporting [Abstract]

REVENUES

Product Revenues

The Company accounts for revenues from contracts with customers under ASC 606.

The Company’s net revenues consisted of the following for the three and six months ended June 30, 2023 and 2022:


	Three months ended June 30,				Six months ended June 30,
	2023		2022		2023		2022
Products:
Kristalose	$	4,110,718	$	3,570,272	$	8,425,846	$	7,515,368
Sancuso	1,916,966		3,398,548		3,803,759		6,795,758
Vibativ	2,147,826		1,596,821		3,996,013		4,098,255
Caldolor	1,226,314		1,193,916		2,161,356		2,153,546
Acetadote	150,163		126,789		320,019		237,884
Vaprisol	23,857		(134,621)		39,866		(251,623)
Omeclamox-Pak	8,062		(26,412)		5,544		(3,676)
RediTrex	9,493		93,676		(131,552)		152,904
Other revenue	1,295,478		480,163		1,492,664		775,781
Total net revenues	$	10,888,877	$	10,299,152	$	20,113,515	$	21,474,197

The Omeclamox-Pak net revenue for the second quarter of 2023 was impacted by our currently being out of commercial inventory of this product. The packager for our Omeclamox-Pak product encountered financial difficulties due to the impact of COVID-19. They are under new management and we are awaiting a potential resumption of supply. For the three and six months ended June 30, 2023 and 2022, the amounts noted resulted from normal adjustments by channel partners.

With regard to Vaprisol, we are in the process of transitioning to a new manufacturer, who was issued a U.S. Food and Drug Administration ("FDA") Form 483 in the second quarter of 2022. Once these FDA Form 483 related issues are satisfactorily resolved by the manufacturer, we will then resubmit our application for their facility to the FDA for approval. For the three and six months ended June 30, 2023 and 2022, net revenue was impacted by product return and accrual adjustments.

Other Revenues

The Company has agreements with international partners for commercialization of the Company's products with associated payments included in other revenues. Those agreements provide that each of the partners is responsible for seeking regulatory approvals for the product, and following approval, each partner will be responsible for the ongoing distribution and sales in the respective international territories. The Company provides a dossier for product registration and maintains responsibility for the relevant intellectual property. Cumberland is typically entitled to receive a non-refundable, up-front payment at the time each agreement is executed as consideration for the product dossier and for the rights to the distinct intellectual property rights in the respective international territory. These agreements also typically provide for additional payments upon a partner’s achievement of a defined regulatory approval and sales milestones. The Company may also be entitled to receive royalties on future sales of the products and a transfer price on supplies. The contractual payments associated with the partner’s achievement of regulatory approvals, sales milestones and royalties on future sales are recognized as revenue upon occurrence, or at such time that the Company has a high degree of confidence that the revenue would not be reversed in a subsequent period.

Other revenues also include funding from federal grant programs including those secured from the FDA and from those secured by Cumberland Emerging Technologies Inc. ("CET") through the Small Business Administration. Grant revenue from these federal grant programs totaled approximately $0.06 million and $0.04 million for the three months ended June 30, 2023 and 2022, respectively, and approximately $0.1 million and $0.08 million for the six months ended June 30, 2023 and 2022, respectively.

Also in the second quarter of 2023, the Company received $1.0 million relating to a litigation settlement based on two $500,000 milestone payments due to us for the license associated with our Vibativ product.

Included in other revenue is lease income generated by CET’s Life Sciences Center. The Life Sciences Center is a research center that provides scientists with access to flexible lab space and other resources to develop biomedical products. This lease income, as noted in Footnote 5 - Leases, was approximately $0.1 million and $0.2 million for the three months ended June 30, 2023 and 2022, respectively, and $0.2 million and $0.3 million for the six months ended June 30, 2023 and 2022, respectively.

- Definition

The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 22
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-22

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
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-URI https://asc.fasb.org//1943274/2147482810/280-10-50-15

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
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-Paragraph 31
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-URI https://asc.fasb.org//1943274/2147482810/280-10-50-31

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
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-Name Accounting Standards Codification
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-Paragraph 32
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-32

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
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-Name Accounting Standards Codification
-Section 50
-Paragraph 42
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-42

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
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-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-32

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
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-Section 50
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-Publisher FASB
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Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org//280/tableOfContent

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
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-Name Accounting Standards Codification
-Section 50
-Paragraph 26
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-26

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
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-Name Accounting Standards Codification
-Section 50
-Paragraph 34
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-34

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
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-Paragraph 41
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-41

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
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-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-21

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
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-Name Accounting Standards Codification
-Section 50
-Paragraph 21
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-21

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 32
-Subparagraph (e)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-32

+ Details

Inventories (Tables)

6 Months Ended

Jun. 30, 2023

Inventory Disclosure [Abstract]

Inventory

At June 30, 2023 and December 31, 2022, the Company's net inventories consisted of the following:


	June 30, 2023		December 31, 2022

Raw materials and work in process	$	12,859,432	$	12,899,659
Consigned inventory	126,753		168,923
Finished goods	4,636,673		4,322,166
Total inventories	17,622,858		17,390,748
less non-current inventories	(6,694,452)		(7,527,167)
Total inventories classified as current	$	10,928,406	$	9,863,581

Shareholders' Equity and Debt - Shareholders' Equity (Details)			1 Months Ended	3 Months Ended				6 Months Ended			12 Months Ended
	Dec. 27, 2021 USD ($)	Aug. 14, 2020	Nov. 30, 2017 USD ($)	Jun. 30, 2023 USD ($) shares	Mar. 31, 2023 USD ($) shares	Jun. 30, 2022 USD ($) shares	Mar. 31, 2022 USD ($) shares	Jun. 30, 2023 USD ($) shares	Sep. 30, 2022	Jun. 30, 2022 USD ($) shares	Dec. 31, 2022 USD ($)	Sep. 29, 2022 USD ($) qtr	Dec. 31, 2021 USD ($)	Aug. 31, 2020 USD ($)	Jan. 31, 2016 USD ($)	May 13, 2010 USD ($)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Repurchase of shares				$ 171,616	$ 187,961	$ 196,692	$ 566,043
Shelf Registration, sale of corporate securities (up to)	$ 19,000,000		$ 100,000,000
Revolving line of credit				13,148,125				$ 13,148,125			$ 16,200,000
WinHealth
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Initial investment in joint ventures														$ 200,000
WinHealth \| Convertible Debt
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Convertible note														$ 200,000
London Interbank Offered Rate (LIBOR)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Variable rate		0.90%
Revolving Credit Facility
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Revolving line of credit				$ 13,100,000				$ 13,100,000
Revolving Credit Facility \| Sixth Amendment \| Pinnacle Bank
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Additional borrowing capacity													$ 5,000,000
Current borrowing capacity													$ 20,000,000
Revolving Credit Facility \| Eight Amendment
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Maximum funded debt ratio									3.00		2.50
Revolving Credit Facility \| Ninth Amemdment
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrestricted cash threshold												$ 8,500,000
Covenant evaluation frequency \| qtr												4
Revolving Credit Facility \| Line of Credit \| Pinnacle Bank
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Interest rate spread				8.00%				8.00%
Line of credit, unused capacity, commitment fee percentage								0.25%
Revolving Credit Facility \| Line of Credit \| Pinnacle Bank \| Minimum \| London Interbank Offered Rate (LIBOR)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Variable rate		1.75%
Revolving Credit Facility \| Line of Credit \| Pinnacle Bank \| Maximum \| London Interbank Offered Rate (LIBOR)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Variable rate		2.75%
Restricted Stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Restricted stock granted in period, shares \| shares								34,250		65,225
Share-based compensation credit								$ 40,000.00
Restricted Stock \| Director
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Restricted stock awards, vesting period								1 year
Incentive Stock Options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Restricted stock granted in period, shares \| shares								184,500		169,800
Common Stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock Repurchase Program, Authorized Amount															$ 10,000,000	$ 10,000,000
Repurchase of shares (in shares) \| shares				99,057	86,829	83,317	174,149	185,886		257,466
Repurchase of shares				$ 171,616	$ 187,961	$ 196,692	$ 566,043	$ 400,000		$ 800,000
Common shares left to repurchase				$ 3,400,000				$ 3,400,000

Earnings (Loss) Per Share (Tables)

6 Months Ended

Jun. 30, 2023

Earnings Per Share [Abstract]

Reconciliation of numerator and denominator

The following table reconciles the numerator and denominator used to calculate basic and diluted earnings (loss) per share for the three and six months ended June 30, 2023 and 2022:



	Three months ended June 30,
	2023		2022
Numerator:
Net income (loss) attributable to common shareholders	$	872,200	$	(1,335,620)
Denominator:
Weighted-average shares outstanding – basic	14,393,711		14,688,505
Dilutive effect of other securities	160,553		—
Weighted-average shares outstanding – diluted	14,554,264		14,688,505

	Six months ended June 30,
	2023		2022
Numerator:
Net income (loss) attributable to common shareholders	$	1,064,384	$	(2,720,873)
Denominator:
Weighted-average shares outstanding – basic	14,376,260		14,689,798
Dilutive effect of other securities	194,538		—
Weighted-average shares outstanding – diluted	14,570,798		14,689,798

Earnings (Loss) Per Share (Details Textual) - shares	6 Months Ended
Earnings (Loss) Per Share (Details Textual) - shares	Jun. 30, 2023	Jun. 30, 2022
Earnings Per Share [Abstract]
Common stock available for purchase through restricted stock awards and options (in shares)	413,074	289,975

Condensed Consolidated Statements of Cash Flows - USD ($)	6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022
Cash flows from operating activities:
Net income (loss)	$ 1,034,440	$ (2,767,099)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Depreciation and amortization expense	2,456,590	3,272,085
Share-based compensation	188,034	132,148
Decrease in non-cash contingent consideration	(476,606)	(68,334)
Decrease (increase) in cash surrender value of life insurance policies over premiums paid	(95,997)	598,355
Increase in noncash interest expense	7,809	4,791
Gain on receivable of life insurance proceeds	0	(611,330)
Net changes in assets and liabilities affecting operating activities:
Accounts receivable	944,925	(5,527,690)
Inventories	(232,110)	2,949,443
Other current assets and other assets	(804,400)	1,227,030
Accounts payable and other current liabilities	534,541	4,658,782
Other long-term liabilities	259,926	(1,688,143)
Net cash provided by operating activities	3,817,152	2,180,038
Cash flows from investing activities:
Additions to property and equipment	(179,453)	(164,241)
Cash paid for acquisitions	0	(13,500,000)
Additions to intangible assets	(91,808)	(50,248)
Net cash used in investing activities	(271,261)	(13,714,489)
Cash flows from financing activities:
Borrowings on line of credit	16,000,000	39,000,000
Repayments on line of credit	(19,051,875)	(35,000,000)
Cash payment of contingent consideration	(1,652,990)	(501,505)
Repurchase of common shares	(349,910)	(788,295)
Net cash provided by (used in) financing activities	(5,054,775)	2,710,200
Net decrease in cash and cash equivalents	(1,508,884)	(8,824,251)
Cash and cash equivalents at beginning of period	19,757,970	27,040,816
Cash and cash equivalents at end of period	$ 18,249,086	$ 18,216,565

Earnings (Loss) Per Share (Details) - USD ($)	3 Months Ended		6 Months Ended
Earnings (Loss) Per Share (Details) - USD ($)	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Numerator:
Net income (loss) attributable to common shareholders	$ 872,200	$ (1,335,620)	$ 1,064,384	$ (2,720,873)
Denominator:
Weighted-average shares outstanding – basic (in shares)	14,393,711	14,688,505	14,376,260	14,689,798
Dilutive effect of other securities (in shares)	160,553	0	194,538	0
Weighted-average shares outstanding – diluted (in shares)	14,554,264	14,688,505	14,570,798	14,689,798

- Definition

The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.

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+ Details

Cover Page - shares	6 Months Ended
Cover Page - shares	Jun. 30, 2023	Aug. 07, 2023
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Jun. 30, 2023
Document Transition Report	false
Entity File Number	001-33637
Entity Registrant Name	Cumberland Pharmaceuticals Inc.
Entity Incorporation, State or Country Code	TN
Entity Tax Identification Number	62-1765329
Entity Address, Address Line One	1600 West End Avenue
Entity Address, Address Line Two	Suite 1300
Entity Address, City or Town	Nashville
Entity Address, State or Province	TN
Entity Address, Postal Zip Code	37203
City Area Code	615
Local Phone Number	255-0068
Title of 12(b) Security	Common stock, no par value
Trading Symbol	CPIX
Security Exchange Name	NASDAQ
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		14,371,214
Document Fiscal Year Focus	2023
Document Fiscal Period Focus	Q2
Amendment Flag	false
Entity Central Index Key	0001087294
Current Fiscal Year End Date	--12-31

Condensed Consolidated Balance Sheets (Parenthetical) - $ / shares	Jun. 30, 2023	Dec. 31, 2022
Statement of Financial Position [Abstract]
Common stock, par value (in dollars per share)	$ 0	$ 0
Common stock, shares authorized (in shares)	100,000,000	100,000,000
Common stock, shares issued (in shares)	14,330,990	14,366,616
Common stock, shares outstanding (in shares)	14,330,990	14,366,616

Leases (Schedule of Lease Liabilities Maturity and Future Minimum Lease Commitments) (Details)	Jun. 30, 2023 USD ($)
Maturity of Lease Liabilities at June 30, 2023
2023	$ 422,975
2024	863,320
2025	836,100
2026	909,911
2027	934,180
After 2027	5,588,192
Total lease payments	9,554,678
Less: Interest	3,756,801
Present value of lease liabilities	$ 5,797,877

Commitments and Contingencies	6 Months Ended
Commitments and Contingencies	Jun. 30, 2023
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	COMMITMENTS AND CONTINGENCIESThe company is involved in litigation arising in the normal course of business. The Company does not believe that the disposition or ultimate resolution of existing claims or lawsuits will have a material adverse effect on the business or financial condition of the Company.