Quarterly report pursuant to Section 13 or 15(d)

Intangibles, net (Tables)

v3.20.1
Intangibles, net (Tables)
 3 Months Ended
Mar. 31, 2020
Intangibles, net  
Schedule of JMC intangible asset

The table below provides a summary of the Journey intangible assets as of March 31, 2020 and December 31, 2019, respectively:

 

 

 

 

 

 

 

 

 

 

 

 

Estimated Useful

 

March 31, 

 

December 31, 

($ in thousands)

    

Lives (Years)

    

2020

    

2019

 

 

 

 

(Unaudited)

 

 

 

Intangible assets – asset purchases

 

3 to 7

 

$

9,934

 

$

9,934

Total

 

  

 

 

9,934

 

 

9,934

Accumulated amortization

 

  

 

 

(2,912)

 

 

(2,557)

Net intangible assets

 

  

 

$

7,022

 

$

7,377

 

Schedule of JMC recognized expense related to its product licenses

The table below provides a summary for the three months ended March 31, 2020, of Journey’s recognized expense related to its product licenses, which was recorded in costs of goods sold on the Condensed Consolidated Statement of Operations:

 

 

 

 

 

 

 

Intangible

($ in thousands)

    

Assets, Net

Beginning balance at January 1, 2020

 

$

7,377

Amortization expense

 

 

(355)

Ending balance at March 31, 2020

 

$

7,022

 

Schedule of future amortization of intangible assets

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

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total

 

    

Ximino®

    

Exelderm®

    

Amortization

Nine Months Ended December 31, 2020

 

$

764

 

$

300

 

$

1,064

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

Total1

 

$

6,455

 

$

567

 

$

7,022