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Goodwill and Intangible Assets | 6 Months Ended
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Jun. 30, 2023
Goodwill and Intangible Assets |
Goodwill and Intangible Assets | 10. 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 June 30, 2023 | ​ | $ | 133,857
​ 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 June 30, 2023 and December 31, 2022: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | June 30, 2023 | ​ | December 31, 2022
​ | Amortization Period (Years) | ​ | ​ | Cost | ​ | ​ | Accumulated Amortization | ​ | ​ | Carrying Amount | ​ | ​ | Cost | ​ | ​ | Accumulated Amortization | ​ | ​ | Carrying Amount
Belbuca | 4.8 | ​ | $ | 360,000 | ​ | $ | (96,123) | ​ | $ | 263,877 | ​ | $ | 360,000 | ​ | $ | (58,428) | ​ | $ | 301,572
Nucynta Products | 8.0 | ​ | ​ | 521,170 | ​ | ​ | (353,219) | ​ | ​ | 167,951 | ​ | ​ | 521,170 | ​ | ​ | (319,628) | ​ | ​ | 201,542
Symproic | 9.6 | ​ | ​ | 70,000 | ​ | ​ | (9,289) | ​ | ​ | 60,711 | ​ | ​ | 70,000 | ​ | ​ | (5,646) | ​ | ​ | 64,354
Elyxyb | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 5,000 | ​ | ​ | (5,000) | ​ | ​ | —
Total intangibles | ​ | ​ | $ | 951,170 | ​ | $ | (458,631) | ​ | $ | 492,539 | ​ | $ | 956,170 | ​ | $ | (388,702) | ​ | $ | 567,468
​ The following table presents amortization expense recognized in cost of product revenues 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
Belbuca | $ | 18,846 |  | $ | 18,796 | ​ | $ | 37,695 |  | $ | 20,733
Nucynta Products | ​ | 16,795 | ​ | ​ | 16,796 | ​ | ​ | 33,591 | ​ | ​ | 33,591
Symproic | ​ | 1,822 | ​ | ​ | 1,821 | ​ | ​ | 3,643 | ​ | ​ | 2,003
Elyxyb | ​ | — | ​ | ​ | 88 | ​ | ​ | — | ​ | ​ | 97
Total amortization expense | $ | 37,463 | ​ | $ | 37,501 | ​ | $ | 74,929 | ​ | $ | 56,424
​ As of June 30, 2023, the remaining amortization expense expected to be recognized is as follows: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Years ended December 31, | Belbuca | ​ | Nucynta Products | ​ | Symproic | ​ | Total
2023 | $ | 37,698 | ​ | $ | 33,590 | ​ | $ | 3,642 | ​ | $ | 74,930
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 | $ | 263,877 | ​ | $ | 167,951 | ​ | $ | 60,711 | ​ | $ | 492,539
​

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