Annual report pursuant to Section 13 and 15(d)

Goodwill and Intangible Assets

Goodwill and Intangible Assets

12 Months Ended

Dec. 31, 2021

Goodwill and Intangible Assets Disclosure [Abstract]

There were no changes in the carrying amount of goodwill for the years ended December 31, 2021 and 2020.

The changes in intangible assets for the years ended December 31, 2021 and 2020 were as follows (in thousands):


Balance as of December 31, 2019	$	2,426
Additions	900
Amortization	(1,741)
Balance as of December 31, 2020	$	1,585
Amortization	(1,547)
Balance as of December 31, 2021	$	38

As a result of the asset acquisition accounting treatment of the Aevi Merger, the Company recognized an assembled workforce intangible asset of $0.9 million during the first quarter of 2020, which was assigned a two-year useful life and will be fully amortized in 2022.

The following is a summary of intangible assets held by the Company at December 31, 2021 and 2020, respectively (in thousands):


	December 31, 2021
	Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount		Weighted-Average Remaining Life
							(in years)
Acquired Product Marketing Rights	$	5,056	$	(5,056)	$	—	0.0
Acquired Assembled Workforce	900		(862)		38		0.1
Total	$	5,956	$	(5,918)	$	38	0.1


	December 31, 2020
	Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount		Weighted-Average Remaining Life
							(in years)
Acquired Product Marketing Rights	$	5,056	$	(3,950)	$	1,106	0.9
Acquired Assembled Workforce	1,050		(571)		479		1.1
Total	$	6,106	$	(4,521)	$	1,585	0.9