XML 25 R10.htm IDEA: XBRL DOCUMENT
v3.22.1

LICENSED TECHNOLOGY | 3 Months Ended
--- | ---
Mar. 31, 2022
Goodwill and Intangible Assets Disclosure [Abstract] |
LICENSED TECHNOLOGY | NOTE 4 – LICENSED TECHNOLOGY On May 15, 2015, we acquired Abeona Therapeutics LLC, which had an exclusive license through Nationwide Children’s Hospital to the AB-101 and AB-102 patent portfolios for developing treatments for patients with Sanfilippo Syndrome Type A and Type B. The license is amortized over the life of the license of 20 years. On March 31, 2022, the Company announced that it was pursuing a strategic partner to take over development activities of ABO-102 and that it was discontinuing development of ABO-101. As a result of this shift in priorities, the Company determined the remaining value of the licensed technology had no future value and thus, recorded an impairment charge of $1.4 million for the three months ended March 31, 2022. Licensed technology consists of the following: SCHEDULE OF LICENSED TECHNOLOGY
(in thousands) |  | March 31, 2022 |  |  | December 31, 2021 |
Licensed technology |  | $ | 2,156 |  |  | $ | 2,156 |
Less accumulated amortization |  |  | (801 | ) |  |  | (772 | )
Less impairment charge |  |  | (1,355 | ) |  |  | - |
Licensed technology, net |  | $ | - |  |  | $ | 1,384 |
Amortization expense on licensed technology was $29,000 for the three months ended March 31, 2022 and 2021, respectively.

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 -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -URI https://asc.fasb.org/subtopic&trid=2144471 + Details
Name: | us-gaap_IntangibleAssetsDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration