Intangible Assets and Goodwill (Tables)

6 Months Ended

Jun. 30, 2021

Goodwill and Intangible Assets Disclosure [Abstract]

Intangible assets at June 30, 2021 and December 31, 2020 are summarized in the tables below

Intangible assets at June 30, 2021 and December 31, 2020 are summarized in the tables below:

June 30, 2021	Gross  Carrying  Value		Accumulated  Amortization			Net Carrying  Amount
Definite-lived Intangible assets, estimated lives in years:
FDA 503B Registration & Compliance - USC, 10 years	$	3,963,000	$	(2,068,466	)	$	1,894,534
Customer Relationships - USC, 10 years		5,572,000		(2,908,274	)		2,663,726
Total Definite-lived Assets		9,535,000		(4,976,740	)		4,558,260
Trade Name and Brand - USC, Indefinite		1,245,000		—			1,245,000
SYMJEPI Domain Name		9,674		—			9,674
Balance, June 30, 2021	$	10,789,674	$	(4,976,740	)	$	5,812,934

December 31, 2020	Gross Carrying Value		Accumulated Amortization				Impairment		Net Carrying Amount
Definite-lived Intangible assets, estimated lives in years:
Patents, Taper DPI Intellectual Property - 10 years	$	9,708,700	$	(6,796,090	)	$	(2,912,610	)	$	—
FDA 503B Registration & Compliance - USC, 10 years		3,963,000		(1,870,316	)		—			2,092,684
Customer Relationships, 10 years		5,572,000		(2,629,674	)		—			2,942,326
Website Design, 3 years		16,163		(16,163	)		—			—
Total Definite-lived Assets		19,259,863		(11,312,243	)		(2,912,610	)		5,035,010
Trade Name and Brand - USC, Indefinite		1,245,000		—			—			1,245,000
SYMJEPI Domain Name		9,674		—			—			9,674
Balance, December 31, 2020	$	20,514,537	$	(11,312,243	)	$	(2,912,610	)	$	6,289,684

Estimated amortization expense of definite-lived intangible assets at June 30, 2021 for each of the five succeeding years and thereafter is as follows:

Estimated amortization expense of definite-lived intangible assets at June 30, 2021 for each of the five succeeding years and thereafter is as follows:

Year ending December 31,
Remainder of 2021	$	476,750
2022		953,500
2023		953,500
2024		953,500
2025		953,500
Thereafter		267,510
Total	$	4,558,260

The change in the carrying amount of goodwill consisted of the following activity

The change in the carrying amount of goodwill consisted of the following activity:

Balance, December 31, 2019	$	7,640,622
Less: March 31, 2020 Impairment		(3,143,200)
Less: December 31, 2020 Impairment		(3,629,010)
Balance, December 31, 2020	$	868,412
Balance, June 30, 2021	$	868,412