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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 rightsEstimated economic life
License rightsTerm of license agreement
PatentsLife of patent
Intangible assets and Goodwill consisted of the following at December 31, 2024 and 2023.
20242023
Product and license rights$43,250,341 $43,250,341 
Less: accumulated amortization(26,300,793)(22,755,543)
Total product and license rights16,949,548 20,494,798 
Patents10,808,476 10,712,405 
Less: accumulated amortization(9,965,779)(8,819,287)
Total patents842,697 1,893,118 
Trademarks433,397 413,775 
Less: accumulated amortization(252,193)(193,773)
Total trademarks181,204 220,002 
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:
20242023
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 
20263,776,803 
20273,421,395 
20282,535,409 
2029 and thereafter4,248,360 
$17,973,449