Intangible Assets and Goodwill (Tables)
|
12 Months Ended |
Dec. 31, 2025 |
|---|
| Business Combination [Abstract] |
|
| Schedule of Intangible Assets Recognized in Connection with Product Acquisitions |
The following schedule represents intangible assets recognized in connection with product acquisitions (See Note 1 for the Company’s accounting policy regarding intangible assets):
|
|
|
|
|
| |
|
Amount |
|
Intangible assets at January 1, 2023 |
|
$ |
184,664 |
|
Additions during fiscal 2023 |
|
|
941 |
|
Impact of movement in exchange rates |
|
|
177 |
|
Amortization expense |
|
|
(13,274 |
) |
|
|
|
|
|
Intangible assets at December 31, 2023 |
|
|
172,508 |
|
Measurement period adjustment |
|
|
1,696 |
|
Additions during fiscal 2024 |
|
|
418 |
|
Impact of movement in exchange rates |
|
|
(1,441 |
) |
Amortization expense |
|
|
(13,339 |
) |
Asset impairment |
|
|
(9,345 |
) |
|
|
|
|
|
Intangible assets at December 31, 2024 |
|
|
150,497 |
|
Additions during fiscal 2025 |
|
|
1,280 |
|
Impact of movement in exchange rates |
|
|
894 |
|
Amortization expense |
|
|
(12,123 |
) |
Asset impairment |
|
|
(1,802 |
) |
|
|
|
|
|
Intangible assets at December 31, 2025 |
|
$ |
138,746 |
|
|
|
|
|
|
Goodwill at January 1, 2023 |
|
$ |
47,010 |
|
Additions during fiscal 2023 |
|
|
2,949 |
|
Impact of movement in exchange rates |
|
|
1,240 |
|
|
|
|
|
|
Goodwill at December 31, 2023 |
|
|
51,199 |
|
Measurement period adjustment |
|
|
(1,339 |
) |
Impact of movement in exchange rates |
|
|
(3,110 |
) |
Goodwill impairment |
|
|
(27,049 |
) |
|
|
|
|
|
Goodwill at December 31, 2024 |
|
|
19,701 |
|
Impact of movement in exchange rates |
|
|
1,339 |
|
Goodwill impairment |
|
|
(21,040 |
) |
|
|
|
|
|
Goodwill at December 31, 2025 |
|
$ |
— |
|
|
|
|
|
|
|
| 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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|
|
|
|
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|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
2025 |
|
|
2024 |
|
| |
|
Gross |
|
|
Accumulated
Amortization |
|
|
Net Book
Value |
|
|
Gross |
|
|
Accumulated
Amortization |
|
|
Net Book
Value |
|
Product rights and patents |
|
$ |
262,649 |
|
|
$ |
149,576 |
|
|
$ |
113,073 |
|
|
$ |
260,928 |
|
|
$ |
138,090 |
|
|
$ |
122,838 |
|
Trademarks |
|
|
38,808 |
|
|
|
15,842 |
|
|
|
22,966 |
|
|
|
38,475 |
|
|
|
14,375 |
|
|
|
24,100 |
|
Customer lists |
|
|
12,328 |
|
|
|
9,621 |
|
|
|
2,707 |
|
|
|
11,874 |
|
|
|
8,315 |
|
|
|
3,559 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total intangibles assets |
|
$ |
313,785 |
|
|
$ |
175,039 |
|
|
$ |
138,746 |
|
|
$ |
311,277 |
|
|
$ |
160,780 |
|
|
$ |
150,497 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Domestic intangible assets |
|
|
173,898 |
|
|
|
109,885 |
|
|
|
64,013 |
|
|
|
172,755 |
|
|
|
102,347 |
|
|
|
70,408 |
|
International intangible assets |
|
|
139,887 |
|
|
|
65,154 |
|
|
|
74,733 |
|
|
|
138,522 |
|
|
|
58,433 |
|
|
|
80,089 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total intangibles assets - domestic and international |
|
$ |
313,785 |
|
|
$ |
175,039 |
|
|
$ |
138,746 |
|
|
$ |
311,277 |
|
|
$ |
160,780 |
|
|
$ |
150,497 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Schedule of Future Amortization Charges Related to Intangible Assets |
The following schedule represents future amortization charges related to intangible assets:
|
|
|
|
|
Year ending December 31, |
|
Amount |
|
2026 |
|
$ |
12,210 |
|
2027 |
|
|
11,590 |
|
2028 |
|
|
10,659 |
|
2029 |
|
|
10,347 |
|
2030 |
|
|
10,203 |
|
Thereafter |
|
|
83,737 |
|
|
|
|
|
|
|
|
$ |
138,746 |
|
|
|
|
|
|
|
| Schedule of Represents the Balance of Goodwill |
The following schedule represents the balance of goodwill at December 31, 2025 and 2024:
|
|
|
|
|
|
|
|
|
| |
|
2025 |
|
|
2024 |
|
Domestic |
|
$ |
— |
|
|
$ |
— |
|
International |
|
|
— |
|
|
|
19,701 |
|
|
|
|
|
|
|
|
|
|
Total goodwill, domestic and international |
|
$ |
— |
|
|
$ |
19,701 |
|
|
|
|
|
|
|
|
|
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|