| Schedule of intangible assets |
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March 31, 2023 |
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|
Estimated |
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|
|
|
|
|
|
|
|
|
|
Useful |
|
Gross |
|
|
|
|
|
|
|
|
Lives |
|
Carrying |
|
Accumulated |
|
Intangible |
($’s in thousands) |
|
(Years) |
|
Value |
|
Amortization |
|
Assets, Net |
Amortizable intangible assets: |
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|
|
|
|
|
|
|
|
|
|
|
Ceracade® |
|
|
3 |
|
$ |
300 |
|
$ |
(300) |
|
$ |
— |
Luxamend® |
|
|
3 |
|
|
50 |
|
|
(50) |
|
|
— |
Targadox® |
|
|
3 |
|
|
1,250 |
|
|
(1,250) |
|
|
— |
Ximino® |
|
|
7 |
|
|
7,134 |
|
|
(3,737) |
|
|
3,397 |
Exelderm® |
|
|
3 |
|
|
1,600 |
|
|
(1,600) |
|
|
— |
Accutane® |
|
|
5 |
|
|
4,727 |
|
|
(1,970) |
|
|
2,757 |
Amzeeq® |
|
|
9 |
|
|
15,162 |
|
|
(1,995) |
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|
13,167 |
Zilxi® |
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|
6 |
|
|
3,760 |
|
|
(895) |
|
|
2,865 |
|
|
|
|
|
|
33,983 |
|
|
(11,797) |
|
|
22,186 |
Non-amortizable intangible assets: |
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|
|
|
|
|
|
|
|
|
|
|
Anti-itch product (1) |
|
|
3 |
|
|
3,942 |
|
|
— |
|
|
3,942 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Total intangible assets |
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|
|
|
$ |
37,925 |
|
$ |
(11,797) |
|
$ |
26,128 |
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|
|
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|
|
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|
|
|
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|
December 31, 2022 |
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|
Estimated |
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|
|
|
|
|
|
|
|
|
|
Useful |
|
Gross |
|
|
|
|
|
|
|
Lives |
|
Carrying |
|
Accumulated |
|
Intangible |
($’s in thousands) |
|
(Years) |
|
Value |
|
Amortization |
|
Assets, Net |
Amortizable intangible assets: |
|
|
|
|
|
|
|
|
|
|
|
|
Ceracade® |
|
|
3 |
|
$ |
300 |
|
$ |
(300) |
|
$ |
— |
Luxamend® |
|
|
3 |
|
|
50 |
|
|
(50) |
|
|
— |
Targadox® |
|
|
3 |
|
|
1,250 |
|
|
(1,250) |
|
|
— |
Ximino® |
|
|
7 |
|
|
7,134 |
|
|
(3,482) |
|
|
3,652 |
Exelderm® |
|
|
3 |
|
|
1,600 |
|
|
(1,600) |
|
|
— |
Accutane® |
|
|
5 |
|
|
4,727 |
|
|
(1,733) |
|
|
2,994 |
Amzeeq® |
|
|
9 |
|
|
15,162 |
|
|
(1,597) |
|
|
13,565 |
Zilxi® |
|
|
6 |
|
|
3,760 |
|
|
(716) |
|
|
3,044 |
|
|
|
|
|
|
33,983 |
|
|
(10,728) |
|
|
23,255 |
Non-amortizable intangible assets: |
|
|
|
|
|
|
|
|
|
|
|
|
Anti-itch product (1) |
|
|
3 |
|
|
3,942 |
|
|
— |
|
|
3,942 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Total intangible assets |
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|
|
|
$ |
37,925 |
|
$ |
(10,728) |
|
$ |
27,197 |
|
(1) |
As of March 31, 2023, this asset has not yet been placed in service, therefore no amortization expense was recognized on this asset for the period ended March 31, 2023.
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| Schedule of future amortization of intangible assets |
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$’s in thousands |
|
Total Amortization |
Remainder of 2023 |
|
$ |
3,207 |
December 31, 2024 |
|
|
4,277 |
December 31, 2025 |
|
|
4,277 |
December 31, 2026 |
|
|
3,064 |
December 31, 2027 |
|
|
1,775 |
Thereafter |
|
|
5,586 |
Subtotal |
|
|
22,186 |
Asset not yet placed in service |
|
|
3,942 |
Total |
|
$ |
26,128 |
|