XML 58 R39.htm IDEA: XBRL DOCUMENT
v3.25.0.1

Intangible Assets and Goodwill (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2024
Goodwill and Intangible Assets Disclosure [Abstract] |
Schedule of intangible assets | Amortization expense is recognized ratably over the following periods:
Product rights |  | Estimated economic life
License rights |  | Term of license agreement
Patents |  | Life of patent
Intangible assets and Goodwill consisted of the following at December 31, 2024 and 2023.
|  | 2024 |  | 2023
Product and license rights |  | $ | 43,250,341 |  |  | $ | 43,250,341 |
Less: accumulated amortization |  | (26,300,793) |  |  | (22,755,543) |
Total product and license rights |  | 16,949,548 |  |  | 20,494,798 |
Patents |  | 10,808,476 |  |  | 10,712,405 |
Less: accumulated amortization |  | (9,965,779) |  |  | (8,819,287) |
Total patents |  | 842,697 |  |  | 1,893,118 |
Trademarks |  | 433,397 |  |  | 413,775 |
Less: accumulated amortization |  | (252,193) |  |  | (193,773) |
Total trademarks |  | 181,204 |  |  | 220,002 |
Total intangible assets |  | $ | 17,973,449 |  |  | $ | 22,607,918 |
Goodwill |  | $ | 914,000 |  |  | $ | 914,000 |
Schedule of expected amortization expense of intangible assets | Amortization expense related to product and license rights, trademarks and patents were as follows for the years ended December 31:
|  | 2024 |  | 2023 |  |
Amortization and impairment expense |  | $ | 4,748,252 |  |  | $ | 8,102,648 |  |  |
The expected amortization expense for the Company's current balance of intangible assets are as follows:
Year ending December 31: |  |
2025 |  | $ | 3,991,482 |
2026 |  | 3,776,803 |
2027 |  | 3,421,395 |
2028 |  | 2,535,409 |
2029 and thereafter |  | 4,248,360 |
|  | $ | 17,973,449 |

X
- References No definition available. + Details
Name: | us-gaap_GoodwillAndIntangibleAssetsDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of assets, excluding financial assets and goodwill, lacking physical substance with a finite life, by either major class or business segment. + References Reference 1: http://www.xbrl.org/2003/role/exampleRef -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -Section 55 -Paragraph 40 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482640/350-30-55-40 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482665/350-30-50-2 + Details
Name: | us-gaap_ScheduleOfFiniteLivedIntangibleAssetsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the amount of amortization expense expected to be recorded in succeeding fiscal years for finite-lived intangible assets. + References Reference 1: http://www.xbrl.org/2003/role/exampleRef -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -Section 55 -Paragraph 40 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482640/350-30-55-40 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (a)(3) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482665/350-30-50-2 + Details
Name: | us-gaap_ScheduleofFiniteLivedIntangibleAssetsFutureAmortizationExpenseTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration