XML 25 R14.htm IDEA: XBRL DOCUMENT

Goodwill and Intangible Assets

9 Months Ended

Sep. 30, 2022

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