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Goodwill and Intangible Assets | 9 Months Ended
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Sep. 30, 2022
Goodwill and Intangible Assets |
Goodwill and Intangible Assets | 9. Goodwill and Intangible Assets ​ The following tables summarizes the changes in the carrying amount of goodwill: ​
​ | ​ | ​ | ​
​ | ​ | Amount
Balance at December 31, 2021 | ​ | $ | —
Goodwill resulting from BDSI Acquisition | ​ | ​ | 130,094
Balance at September 30, 2022 | ​ | $ | 130,094
​ The Company’s goodwill resulted from the BDSI Acquisition. Refer to Note 4, Acquisitions. ​ The following table sets forth the cost, accumulated amortization, and carrying amount of intangible assets as of September 30, 2022 and December 31, 2021: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | As of September 30, 2022 | ​ | As of December 31, 2021
​ | Amortization Period (Years) | ​ | ​ | Cost | ​ | ​ | Accumulated Amortization | ​ | ​ | Carrying Amount | ​ | ​ | Cost | ​ | ​ | Accumulated Amortization | ​ | ​ | Carrying Amount
Belbuca | 4.8 | ​ | $ | 360,000 | ​ | $ | (39,581) | ​ | $ | 320,419 | ​ | $ | — | ​ | $ | — | ​ | $ | —
Nucynta Products | 8.0 | ​ | ​ | 521,170 | ​ | ​ | (302,833) | ​ | ​ | 218,337 | ​ | ​ | 521,170 | ​ | ​ | (252,447) | ​ | ​ | 268,723
Symproic | 9.6 | ​ | ​ | 70,000 | ​ | ​ | (3,824) | ​ | ​ | 66,176 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | —
Elyxyb | 14.2 | ​ | ​ | 5,000 | ​ | ​ | (185) | ​ | ​ | 4,815 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | —
Total intangibles | ​ | ​ | $ | 956,170 | ​ | $ | (346,423) | ​ | $ | 609,747 | ​ | $ | 521,170 | ​ | $ | (252,447) | ​ | $ | 268,723
​ ​ The following table presents amortization expense recognized in cost of product revenues for the three and nine months ended September 30, 2022 and 2021: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | Three Months Ended September 30, | ​ | Nine Months Ended September 30,
​ | ​ | 2022 |  | ​ | 2021 | ​ | ​ | 2022 |  | ​ | 2021
Belbuca | $ | 18,848 |  | $ | — | ​ | $ | 39,581 |  | $ | —
Nucynta Products | ​ | 16,795 | ​ | ​ | 16,796 | ​ | ​ | 50,385 | ​ | ​ | 50,386
Symproic | ​ | 1,821 | ​ | ​ | — | ​ | ​ | 3,825 | ​ | ​ | —
Elyxyb | ​ | 88 | ​ | ​ | — | ​ | ​ | 185 | ​ | ​ | —
Total amortization expense | $ | 37,552 | ​ | $ | 16,796 | ​ | $ | 93,976 | ​ | $ | 50,386
​ As of September 30, 2022, the remaining amortization expense expected to be recognized is as follows: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Years ended December 31, | Belbuca | ​ | Nucynta Products | ​ | Symproic | ​ | Elyxyb | ​ | Total
2022 | $ | 18,847 | ​ | $ | 16,795 | ​ | $ | 1,822 | ​ | $ | 88 | ​ | $ | 37,552
2023 | ​ | 75,393 | ​ | ​ | 67,181 | ​ | ​ | 7,285 | ​ | ​ | 352 | ​ | ​ | 150,211
2024 | ​ | 75,393 | ​ | ​ | 67,181 | ​ | ​ | 7,285 | ​ | ​ | 352 | ​ | ​ | 150,211
2025 | ​ | 75,393 | ​ | ​ | 67,180 | ​ | ​ | 7,285 | ​ | ​ | 352 | ​ | ​ | 150,210
2026 | ​ | 75,393 | ​ | ​ | — | ​ | ​ | 7,285 | ​ | ​ | 352 | ​ | ​ | 83,030
Thereafter | ​ | — | ​ | ​ | — | ​ | ​ | 35,214 | ​ | ​ | 3,319 | ​ | ​ | 38,533
Remaining amortization expense | $ | 320,419 | ​ | $ | 218,337 | ​ | $ | 66,176 | ​ | $ | 4,815 | ​ | $ | 609,747
​

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