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Goodwill and Intangible Assets | 3 Months Ended
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Mar. 31, 2023
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, 2022 | ​ | $ | 133,695
Goodwill resulting from acquisitions | ​ | ​ | —
Measurement period adjustments from BDSI Acquisition | ​ | ​ | 162
Balance at March 31, 2023 | ​ | $ | 133,857
​ The Company’s goodwill resulted from the BDSI Acquisition. During the three months ended March 31, 2023, goodwill increased by $162 due to measurement period adjustments associated with 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 March 31, 2023 and December 31, 2022: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | March 31, 2023 | ​ | December 31, 2022
​ | Amortization Period (Years) | ​ | ​ | Cost | ​ | ​ | Accumulated Amortization | ​ | ​ | Carrying Amount | ​ | ​ | Cost | ​ | ​ | Accumulated Amortization | ​ | ​ | Carrying Amount
Belbuca | 4.8 | ​ | $ | 360,000 | ​ | $ | (77,277) | ​ | $ | 282,723 | ​ | $ | 360,000 | ​ | $ | (58,428) | ​ | $ | 301,572
Nucynta Products | 8.0 | ​ | ​ | 521,170 | ​ | ​ | (336,424) | ​ | ​ | 184,746 | ​ | ​ | 521,170 | ​ | ​ | (319,628) | ​ | ​ | 201,542
Symproic | 9.6 | ​ | ​ | 70,000 | ​ | ​ | (7,467) | ​ | ​ | 62,533 | ​ | ​ | 70,000 | ​ | ​ | (5,646) | ​ | ​ | 64,354
Elyxyb | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 5,000 | ​ | ​ | (5,000) | ​ | ​ | —
Total intangibles | ​ | ​ | $ | 951,170 | ​ | $ | (421,168) | ​ | $ | 530,002 | ​ | $ | 956,170 | ​ | $ | (388,702) | ​ | $ | 567,468
​ The following table presents amortization expense recognized in cost of product revenues for the three months ended March 31, 2023 and 2022: ​
​ | ​ | ​ | ​ | ​ | ​
​ | Three Months Ended March 31,
​ | ​ | 2023 |  | ​ | 2022
Belbuca | $ | 18,849 |  | $ | 1,937
Nucynta Products | ​ | 16,796 | ​ | ​ | 16,795
Symproic | ​ | 1,821 | ​ | ​ | 182
Elyxyb | ​ | — | ​ | ​ | 9
Total amortization expense | $ | 37,466 | ​ | $ | 18,923
​ As of March 31, 2023, the remaining amortization expense expected to be recognized is as follows: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Years ended December 31, | Belbuca | ​ | Nucynta Products | ​ | Symproic | ​ | Total
2023 | $ | 56,544 | ​ | $ | 50,385 | ​ | $ | 5,464 | ​ | $ | 112,393
2024 | ​ | 75,393 | ​ | ​ | 67,181 | ​ | ​ | 7,285 | ​ | ​ | 149,859
2025 | ​ | 75,393 | ​ | ​ | 67,180 | ​ | ​ | 7,285 | ​ | ​ | 149,858
2026 | ​ | 75,393 | ​ | ​ | — | ​ | ​ | 7,285 | ​ | ​ | 82,678
2027 | ​ | — | ​ | ​ | — | ​ | ​ | 7,285 | ​ | ​ | 7,285
Thereafter | ​ | — | ​ | ​ | — | ​ | ​ | 27,929 | ​ | ​ | 27,929
Remaining amortization expense | $ | 282,723 | ​ | $ | 184,746 | ​ | $ | 62,533 | ​ | $ | 530,002
​

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- Definition The entire disclosure for goodwill and intangible assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -URI https://asc.fasb.org/topic&trid=2144416 + Details
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