Annual report pursuant to Section 13 and 15(d)

Intangibles (Tables)

v3.20.1
Intangibles (Tables)
 12 Months Ended
Dec. 31, 2019
Intangibles  
Schedule of JMC intangible asset

The table below provides a summary of intangible assets as of December 31, 2019 and 2018, respectively:

 

 

 

 

 

 

 

 

 

 

 

    

Estimated Useful

    

    

 

    

    

 

($ in thousands)

 

Lives ( Years)

 

December 31, 2019

 

December 31, 2018

Intangible assets – asset purchases

 

3 to 7

 

$

9,934

 

$

2,800

Total

 

  

 

 

9,934

 

 

2,800

Accumulated amortization

 

  

 

 

(2,557)

 

 

(1,383)

Net intangible assets

 

  

 

$

7,377

 

$

1,417

 

Schedule of JMC recognized expense related to its product licenses

The table below provides a summary for the years ended December 31, 2019 and 2018, of recognized expense related to  product licenses, which was recorded in costs of goods sold on the Consolidated Statement of Operations (see Note 19):

 

 

 

 

 

 

 

Intangible

($ in thousands)

    

Assets

Beginning balance at January 1, 2018

 

$

883

Additions

 

 

1,200

Amortization expense

 

 

(666)

Ending balance at December 31, 2018

 

$

1,417

Additions:

 

 

 

Purchase of Ximino1

 

 

7,134

Amortization expense

 

 

(1,174)

Ending balance at December 31, 2019

 

$

7,377

 

Schedule of future amortization of intangible assets

The future amortization of these intangible assets is as follows ($ in thousands):

 

 

 

 

 

 

 

 

 

 

 

 

 

    

 

 

    

 

 

    

Total

 

 

Ximino®

 

Exelderm®

 

Amortization

Year Ended December 31, 2020

 

$

1,019

 

$

400

 

$

 

1,419

Year Ended December 31, 2021

 

 

1,019

 

 

267

 

 

 

1,286

Year Ended December 31, 2022

 

 

1,019

 

 

 —

 

 

 

1,019

Year Ended December 31, 2023

 

 

1,019

 

 

 —

 

 

 

1,019

Year Ended December 31, 2024

 

 

1,019

 

 

 —

 

 

 

1,019

Thereafter

 

 

1,615

 

 

 

 

 

 

1,615

Total

 

$

6,710

 

$

667

 

$

 

7,377