As of June 30, 2026 and December 31, 2025, the Company’s goodwill balance was $190,177 and $145,925, respectively. The Company’s goodwill as of June 30, 2026 resulted from the Azstarys Acquisition on May 12, 2026, the Ironshore Acquisition on September 3, 2024 and the BDSI Acquisition on March 22, 2022.

The following table sets forth the cost, accumulated amortization, and carrying amount of intangible assets as of June 30, 2026 and December 31, 2025:


	June 30, 2026						December 31, 2025
	Cost		Accumulated Amortization		Carrying Amount		Cost		Accumulated Amortization		Carrying Amount
Jornay PM	$	635,000	$	(152,986)	$	482,014	$	635,000	$	(111,072)	$	523,928
Azstarys	635,000		(7,480)		627,520		—		—		—
Belbuca	360,000		(322,305)		37,695		360,000		(284,607)		75,393
Nucynta Products	521,170		(521,170)		—		521,170		(493,478)		27,692
Symproic	70,000		(31,145)		38,855		70,000		(27,503)		42,497
Total intangible assets	$	2,221,170	$	(1,035,086)	$	1,186,084	$	1,586,170	$	(916,660)	$	669,510

The following table presents amortization expense recognized in cost of product revenues for the three and six months ended June 30, 2026 and 2025:


	Three Months Ended June 30,				Six Months Ended June 30,
	2026		2025		2026		2025
Jornay PM	$	20,957	$	20,957	$	41,914	$	41,914
Belbuca	18,849		18,849		37,698		37,697
Nucynta Products	13,846		13,846		27,692		27,692
Azstarys	7,480		—		7,480		—
Symproic	1,821		1,821		3,642		3,643
Total amortization expense	$	62,953	$	55,473	$	118,426	$	110,946


Years ended December 31,	Jornay PM		Azstarys		Belbuca		Symproic		Total
2026	$	41,915	$	27,283	$	37,695	$	3,643	$	110,536
2027	83,829		54,567		—		7,285		145,681
2028	83,829		54,567		—		7,285		145,681
2029	83,829		54,567		—		7,285		145,681
2030	83,829		54,567		—		7,285		145,681
Thereafter	104,783		381,969		—		6,072		492,824
Remaining amortization expense	$	482,014	$	627,520	$	37,695	$	38,855	$	1,186,084