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Geneos Therapeutics, Inc. (Tables)

6 Months Ended

Jun. 30, 2020

Noncontrolling Interest [Abstract]

Schedule of Equity Method Investments

As of June 1, 2020, the fair value of the Company’s 47% retained investment in Geneos is shown in the table below.

Geneos Share Class	Shares			Price per Share				Fair Value
Common	3,000,000			$	0.273			$	819,000
Preferred	2,113,206			$	1.325			$	2,799,998
Total	5,113,206							$	3,618,998

The following table shows the amounts related to the deconsolidation accounting:

Working capital (excluding cash)	$	(59,992	)
Note Payable	171,620
Fixed Assets, net of accumulated depreciation	(16,340		)
Carrying value of noncontrolling interest	3,181,640
Fair value of investment in Geneos retained	3,618,998
Gain on deconsolidation of Geneos	(4,121,075		)
Decrease in cash resulting from the deconsolidation of Geneos	$	2,774,851

Schedule Of Fair Value Measurement Inputs and Valuation Techniques

The assumptions used in the fair value calculation as of June 30, 2020 are presented below:

Expected term (years)	2.92
Volatility	70%
Risk-free interest rate	2.46%
Enterprise value	$4,966,531

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Tabular disclosure of equity method investments including, but not limited to, name of each investee or group of investments, percentage ownership, difference between recorded amount of an investment and the value of the underlying equity in the net assets, and summarized financial information.

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