v3.26.1
GOODWILL AND INTANGIBLE ASSETS (Tables)
 6 Months Ended
Jun. 30, 2026
Intangible Asset, Goodwill and Other [Abstract]  
SCHEDULE OF INTANGIBLE ASSETS WERE DETERMINED TO BE PRODUCT TECHNOLOGIES

Product Candidate  Fair Value 
SCN-102(a)  $23,600,000 
SCN-104(b)   25,000,000 
SCN-106(c)   15,000,000 
SCN-107(d)   12,800,000 
Intangible Assets  $76,400,000 

 

  (a) SCN-102 received regulatory approval in March 2025.Product commercialization began in the third quarter of 2025.
  (b) Management expects SCN-104 to achieve regulatory approval in late 2028, with product commercialization projected to begin in late 2028.
  (c) Management expects SCN-106 to achieve regulatory approval in 2029, with product commercialization projected to begin in 2029.
  (d) Management expects SCN-107 to achieve regulatory approval in 2029, with product commercialization projected to begin in 2030.
SCHEDULE OF INTANGIBLE ASSETS

The following table summarizes the carrying amounts of intangible assets as of June 30, 2026 and December 31, 2025 (in thousands):

 

Asset  June 30, 2026   Dec 31, 2025 
SCN-102 – finite-lived (net of amortization of $908 for the six months ended June 30, 2026 and nil for the six months ended June 30, 2025)  $22,238   $23,146 
SCN-104 – indefinite-lived IPR&D  $22,339   $22,339 
SCN-106 – indefinite-lived IPR&D  $13,381   $13,381 
SCN-107 – indefinite-lived IPR&D  $12,107   $12,107 
Total intangible assets, net  $70,065   $70,973