XML 25 R12.htm IDEA: XBRL DOCUMENT
v3.24.0.1

INTANGIBLE ASSETS | 12 Months Ended
--- | ---
Dec. 31, 2023
Goodwill and Intangible Assets Disclosure [Abstract] |
INTANGIBLE ASSETS | INTANGIBLE ASSETS Intangible Assets, Net consisted of the following:
| December 31,
| 2023 |  | 2022
Finite-lived intangible assets | $ | 710,011 |  |  | $ | 690,871 |
Accumulated amortization | (415,310) |  |  | (352,302) |
Net carrying value | $ | 294,701 |  |  | $ | 338,569 |
The following table summarizes the carrying value and estimated remaining life of the Company’s finite-lived intangible assets as of December 31, 2023:
| Net Balance |  | Average Remaining Life
Acquired intellectual property | $ | 185,344 |  |  | 4.4 years
Technology transfer | 89,221 |  |  | 4.4 years(1)
License payments (2) | 20,136 |  |  | 9.8 years
Total | $ | 294,701 |  |  |
(1)Certain technology transfer assets have not yet been placed into service. The average remaining life presented is only for those placed into service. (2)License payments include finite-lived intangible assets due to the Company's achievement in 2023 of first commercial sale milestones related to ROCTAVIAN. As of December 31, 2023, 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
2024 |  | $ | 58,200 |
2025 |  | 38,924 |
2026 |  | 38,924 |
2027 |  | 38,924 |
2028 |  | 23,174 |
Thereafter |  | 7,293 |
|  | $ | 205,439 |

X
- References No definition available. + Details
Name: | us-gaap_GoodwillAndIntangibleAssetsDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for all or part of the information related to intangible assets. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//350-30/tableOfContent + Details
Name: | us-gaap_IntangibleAssetsDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration