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INTANGIBLE ASSETS (Tables) | 12 Months Ended
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Dec. 31, 2022
Goodwill and Intangible Assets Disclosure [Abstract] |
Schedule of Intangible Assets | Intangible Assets, Net consisted of the following:
| December 31,
| 2022 |  | 2021
Finite-lived intangible assets | $ | 690,871 |  |  | $ | 677,350 |
Accumulated amortization | (352,302) |  |  | (288,698) |
Net carrying value | $ | 338,569 |  |  | $ | 388,652 |
Schedule of Net-Book-Value and Estimated Remaining Life of Finite-Lived Intangible Assets | The following table summarizes the carrying value and estimated remaining life of the Company’s finite-lived intangible assets as of December 31, 2022:
| Net Balance |  | Average Remaining Life
Acquired intellectual property | $ | 240,321 |  |  | 5.1 years
Technology transfer | 86,578 |  |  | 5.4 years (1)
Repurchased royalty rights | 6,188 |  |  | 0.9 years
License payments | 5,436 |  |  | 7.7 years
Other | 46 |  |  | 0.3 years
Total | $ | 338,569 |  |  |
(1)Certain technology transfer intangible assets have not yet been placed into service. The average remaining life presented is only for those placed into service.
Schedule of Future Amortization Expense of Finite-Lived Intangible Assets | As of December 31, 2022, the estimated future amortization expense associated with the Company’s finite-lived intangible assets that have been placed into service, was as follows:
Fiscal Year |  | Amount
2023 |  | $ | 63,688 |
2024 |  | 57,413 |
2025 |  | 38,136 |
2026 |  | 38,136 |
2027 |  | 38,136 |
Thereafter |  | 25,746 |
|  | $ | 261,255 |

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- Definition Tabular disclosure of the characteristics, including initial carrying value, residual amount, weighted average useful life, of finite-lived intangible assets acquired during the period by major class. A major class is composed of intangible assets that can be grouped together because they are similar, either by nature or by their use in the operations of the company. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 1 -Subparagraph (a) -URI https://asc.fasb.org/extlink&oid=66006027&loc=d3e16265-109275 + Details
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- Definition Tabular disclosure of assets, excluding financial assets and goodwill, lacking physical substance with a finite life, by either major class or business segment. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 2 -Subparagraph (a) -URI https://asc.fasb.org/extlink&oid=66006027&loc=d3e16323-109275 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 1 -Subparagraph (a) -URI https://asc.fasb.org/extlink&oid=66006027&loc=d3e16265-109275 + Details
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