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Goodwill and Intangible Assets

3 Months Ended

Mar. 31, 2023

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