Goodwill and Intangible Assets

3 Months Ended

Mar. 31, 2022

Goodwill and Intangible Assets

Goodwill and Intangible Assets

9. Goodwill and Intangible Assets

The following table sets forth the cost, accumulated amortization, and carrying amount of intangible assets and goodwill as of March 31, 2022 and December 31, 2021:

		As of March 31, 2022						As of December 31, 2021
	Amortization Period (Years)		Cost		Accumulated Amortization		Carrying Amount		Cost		Accumulated Amortization		Carrying Amount
Goodwill		$	131,512		—	$	131,512	$	—		—	$	—
Nucynta Products	8.0	$	521,170	$	(269,243)	$	251,927	$	521,170	$	(252,447)	$	268,723
Belbuca	4.8		370,000		(1,937)		368,063		—		—		—
Symproic	9.6		70,000		(182)		69,818		—		—		—
Elyxyb	14.2		5,000		(9)		4,991		—		—		—
Total intangibles		$	966,170	$	(271,371)	$	694,799	$	521,170	$	(252,447)	$	268,723

The Company’s goodwill resulted from the BDSI Acquisition.

The following table presents amortization expense recognized in cost of product revenues for the three months ended March 31, 2022 and 2021:

	Three Months Ended March 31,
		2022		2021
Nucynta	$	16,795	$	16,795
Belbuca		1,937		—
Symproic		182		—
Elyxyb		9		—
Total amortization expense	$	18,923	$	16,795

As of March 31, 2022, the remaining amortization expense expected to be recognized is as follows:

Years ended December 31,	Nucynta		Belbuca		Symproic		Elyxyb		Total
2022	$	50,385	$	58,115	$	5,464	$	264	$	114,228
2023		67,181		77,487		7,285		352		152,305
2024		67,181		77,487		7,285		352		152,305
2025		67,180		77,487		7,285		352		152,304
2026		—		77,487		7,285		352		85,124
Thereafter		—		—		35,214		3,319		38,533
Remaining amortization expense	$	251,927	$	368,063	$	69,818	$	4,991	$	694,799