| Schedule of Gross Carrying Amount and Accumulated Amortization of Intangible Assets and Goodwill |
The amortization expense is included in operating expenses on the consolidated statements of operations.
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2025 |
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2024 |
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Gross |
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Accumulated
Amortization |
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Net Book
Value |
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Gross |
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Accumulated
Amortization |
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Net Book
Value |
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Product rights and patents |
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$ |
261,017 |
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$ |
140,522 |
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$ |
120,495 |
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$ |
260,928 |
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$ |
138,090 |
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$ |
122,838 |
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Trademarks |
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38,579 |
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14,786 |
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23,793 |
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38,475 |
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14,375 |
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24,100 |
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Customer lists |
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12,144 |
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8,764 |
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3,380 |
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11,874 |
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8,315 |
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3,559 |
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Total intangibles assets |
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$ |
311,740 |
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$ |
164,072 |
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$ |
147,668 |
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$ |
311,277 |
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$ |
160,780 |
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$ |
150,497 |
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Domestic intangible assets |
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172,805 |
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103,918 |
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68,887 |
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172,755 |
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102,347 |
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70,408 |
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International intangible assets |
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138,935 |
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60,154 |
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|
78,781 |
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138,522 |
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58,433 |
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|
80,089 |
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Total intangibles assets - domestic and international |
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$ |
311,740 |
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$ |
164,072 |
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$ |
147,668 |
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$ |
311,277 |
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$ |
160,780 |
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$ |
150,497 |
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| Schedule of Intangible Assets Recognized in Connection with Product Acquisitions |
The following schedule represents intangible assets activity for the three months ended March 31, 2025:
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Amount |
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Intangible assets at January 1, 2025 |
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$ |
150,497 |
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Additions during Q1 2025 |
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27 |
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Impact of movement in exchange rates |
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|
210 |
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Amortization expense |
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(3,066 |
) |
Intangible assets at March 31, 2025 |
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$ |
147,668 |
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Goodwill at January 1, 2025 |
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$ |
19,701 |
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Impact of movement in exchange rates |
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|
590 |
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Goodwill at March 31, 2025 |
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$ |
20,291 |
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| Schedule of future amortization charges related to intangible assets |
The following schedule represents future amortization charges related to intangible assets:
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Year ending December 31, |
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Amount |
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2025 |
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$ |
9,105 |
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2026 |
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12,125 |
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2027 |
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12,067 |
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2028 |
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11,057 |
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2029 |
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10,759 |
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Thereafter |
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92,555 |
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$ |
147,668 |
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