Quarterly report pursuant to Section 13 or 15(d)

INTANGIBLES (Tables)

v3.22.2
INTANGIBLES (Tables)
6 Months Ended
Jun. 30, 2022
INTANGIBLES  
Schedule of intangible assets

    

June 30, 2022

Estimated  

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

 

(2,973)

 

4,161

Exelderm®

 

3

 

1,600

 

(1,600)

 

Accutane®

 

5

 

4,727

 

(1,261)

 

3,466

Amzeeq®

 

9

 

15,162

 

(842)

 

14,320

Zilxi®

 

9

 

3,760

 

(209)

 

3,551

 

 

33,983

 

(8,485)

25,498

Non-amortizable intangible assets:

 

  

 

  

 

  

 

  

Anti-itch product (1)

 

3

 

3,942

 

 

3,942

Total intangible assets

$

37,925

$

(8,485)

$

29,440

    

December 31, 2021

Estimated

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

 

(2,463)

 

4,671

Exelderm®

 

3

 

1,600

 

(1,600)

 

Accutane®

 

5

 

4,727

 

(788)

 

3,939

 

 

15,061

 

(6,451)

8,610

Non-amortizable intangible assets:

 

  

 

  

 

  

 

  

Anti-itch product (1)

 

3

 

3,942

 

 

3,942

Total intangible assets

$

19,003

$

(6,451)

$

12,552

(1)The Company is transferring manufacturing to an existing contract manufacturer and upon validation will launch such product and commence amortizing.
Schedule of future amortization of intangible assets

    

Total

($’s in thousands)

    

Amortization

Remainder of 2022

$

2,033

December 31, 2023

4,067

December 31, 2024

 

4,068

December 31, 2025

 

4,067

December 31, 2026

 

2,855

Thereafter

 

8,408

Subtotal

$

25,498

Asset not yet placed in service

 

3,942

Total

$

29,440