Note M - Goodwill & Intangible Assets

6 Months Ended

Jun. 30, 2024

Goodwill and Intangible Assets Disclosure [Text Block]

M.	Goodwill & Intangible Assets

The Company's goodwill balance was $4.7 million as of June 30, 2024, and December 31, 2023.

As of June 30, 2024, and December 31, 2023, non-amortizable intangible assets include IPR&D of $2.0 million

As of June 30, 2024 , and December 31, 2023 , the Company had a definite-lived intangible asset, net related to the acquisition of OLPRUVA as a result of the Merger of $64.2 million and $67.2 million, respectively. This is amortized on a straight-line basis over its estimated economic life of eleven years and is reviewed periodically for impairment. Amortization expense is recorded as intangible asset amortization in the unaudited condensed consolidated statements of operations and was $1.5 million and $3.1 million for the three and six months ended June 30, 2024 . No amortization expense related to definite-lived intangible assets was recognized for the three and six months ended June 30, 2023 .

For intangible assets subject to amortization, estimated amortization expense for the five fiscal years subsequent to June 30, 2024, is expected to be $6.2 million per year.