XML 56 R32.htm IDEA: XBRL DOCUMENT v3.24.0.1
INTANGIBLE ASSETS (Tables)
12 Months Ended
Dec. 31, 2023
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Finite-Lived Intangible Assets Amortization periods by class of intangible assets with finite lives were as follows as of December 31, 2023:
Licenses
9-15 years
Tradenames
5-10 years
Technology
5-10 years
As of December 31, 2023 and December 31, 2022, intangible assets consisted of the following:
LicensesTradenamesTechnologyTotal
Cost
Balance as of January 1, 2023$1,274,981 $54,166 $6,431 $1,335,578 
Impairment(7,605)— — (7,605)
Other Additions(1)
1,950 — — 1,950 
Balance as of December 31, 2023$1,269,326 $54,166 $6,431 $1,329,923 
Accumulated Amortization
Balance as of January 1, 2023143,246 9,579 1,987 154,812 
Amortization84,997 5,422 1,038 91,457 
Impairment(2,492)— — (2,492)
Balance as of December 31, 2023$225,751 $15,001 $3,025 $243,777 
Net Book Value
Balance as of January 1, 20231,131,735 44,587 4,444 1,180,766 
Balance as of December 31, 2023$1,043,575 $39,165 $3,406 $1,086,146 
(1) The Company obtained a license following regulatory approval where payment consideration occurred in prior periods.
LicensesTradenamesTechnologyTotal
Cost
Balance as of January 1, 2022$1,386,131 $54,166 $11,603 $1,451,900 
Purchases— — — — 
Additions from business combination21,545 — — 21,545 
Adjustments to purchase price allocation(2,025)— (5,172)(7,197)
Impairment(130,670)— — (130,670)
Balance as of December 31, 2022$1,274,981 $54,166 $6,431 $1,335,578 
Accumulated Amortization
Balance as of January 1, 202266,703 4,158 1,126 71,987 
Amortization91,062 5,421 861 97,344 
Impairment$(14,519)$— $— $(14,519)
Balance as of December 31, 2022$143,246 $9,579 $1,987 $154,812 
Net Book Value
Balance as of January 1, 20221,319,428 50,008 10,477 1,379,913 
Balance as of December 31, 2022$1,131,735 $44,587 $4,444 $1,180,766 
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense
The following table outlines the estimated annual amortization expense related to intangible assets as of December 31, 2023:
Year Ending December 31:Estimated Amortization
2024$91,149 
202591,149 
202690,434 
202790,360 
202890,342 
Thereafter632,712 
Total$1,086,146